Petrucci Family Foundation Inc
- Assets
- $20.7m
- Revenue
- $7.2m
- Investments
- $13.5m
- Employees
- 0
- Location
- Asbury, NJ
- Founding
- 04/2006
- Data as of
- 12/2021
- EIN
- 20-1601999
Organization Overview
Petrucci Family Foundation Inc is located in Asbury, NJ. The organization was established in 2006. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Petrucci Family Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Petrucci Family Foundation Inc generated $7.2m in total revenue. All expenses for the organization totaled $413.0k during the year ending 12/2021.
Since 2017, Petrucci Family Foundation Inc has awarded 178 individual grants totaling $2,718,603. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION DOES NOT MAINTAIN A PROGRAM OF CHARITABLE ACTIVITIES AS DEFINED IN THE INSTRUCTIONS FOR FORMS 990-PF. THE FOUNDATION DOES INCUR NOMINAL EXPENSES TO AID DONEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James G Petrucci Trustee - P/t | 5 | $0 | |
Jeanne Petrucci Trustee - P/t | 5 | $0 | |
Joseph Ronald James Petrucci Trustee - P/t | 5 | $0 | |
Michael Petrecca Trustee - P/t | 1 | $0 | |
Emilia Rose Sochovka Trustee - P/t | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,001,000 |
| Interest on Savings | $22,888 |
| Dividends & Interest | $227,546 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $909,360 |
| Capital Gain Net Income | $909,360 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,160,794 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $29 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $58,940 |
| Total operating and administrative expenses | $58,969 |
| Contributions, gifts, grants paid | $353,987 |
| Total expenses and disbursements | $412,956 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,252,251 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,477,348 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $23,415 |
| Total assets | $20,733,870 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Petrucci Family Foundation Inc has awarded $353,987 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
DIVERSITY IN DIETETICS PURPOSE: CONTRIBUTION | $61,134 |
DELBARTON SCHOOL PURPOSE: CONTRIBUTION | $52,917 |
AMERICAN INSTITUTE FOR CANCER RESEARCH PURPOSE: CONTRIBUTION | $30,000 |
CATHEDRAL OF ST JOHN THE BAPTIST PURPOSE: CONTRIBUTION | $25,000 |
ST LUKE'S UNIVERSITY HEALTH NETWORK PURPOSE: CONTRIBUTION | $20,000 |
Bethlehem, PA PURPOSE: CONTRIBUTION | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fund For Public Schools Inc New York, NY | $69,123,846 | $27,701,638 |
Ernst & Young Foundation New York, NY | $39,971,970 | $27,635,064 |
Kipp New York Inc New York, NY | $134,718,837 | $36,118,873 |
Say Yes Buffalo Scholarship Inc Buffalo, NY | $26,879,466 | $14,014,941 |
The Heckscher Foundation For Children New York, NY | $236,760,119 | $11,760,357 |
United Federation Of Teachers Educational Foundation Inc New York, NY | $18,651,586 | $11,866,585 |
Vista Foundation Hershey, PA | $12,658,681 | $12,905,128 |
Caroline & Joseph S Gruss Life Monument Funds Inc New York, NY | $48,124,527 | $2,679,769 |
Storehouse For Teachers Pittsburgh, PA | $4,365,823 | $11,202,988 |
Suny Impact Foundation Inc New York, NY | $1,805,430 | $8,847,404 |
Poughkeepsie Public School Teachers Asso Trust Fund Poughkeepsie, NY | $14,239,734 | $11,580,276 |
Elevate 215 Philadelphia, PA | $9,991,857 | $10,518,985 |