John P And Lawrence J Giacoletto Foundation
- Assets
- $9.5m
- Revenue
- $484.4k
- Investments
- $9.4m
- Employees
- 0
- Location
- Marion, IA
- Founding
- 12/2004
- Data as of
- 12/2022
- EIN
- 20-1777917
Organization Overview
John P And Lawrence J Giacoletto Foundation is located in Marion, IA. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. John P And Lawrence J Giacoletto Foundation 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 12/2022, John P And Lawrence J Giacoletto Foundation generated $484.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $481.7k during the year ending 12/2022. While expenses have increased by 0.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, John P And Lawrence J Giacoletto Foundation has awarded 268 individual grants totaling $2,876,776. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING LOCAL SCHOOLS WITH EDUCATIONAL ENHANCEMENT FUNDS
PROVIDING SCHOLORSHIP FUNDS TO ENGINEERING STUDENTS AT KIRKWOOD COMMUNITY COLLEGE & ROSE- HULMAN INSTITUTE OF TECHNOLOGY, AND IVY TECH
PROVIDING FUNDS FOR LITERACY ENHANCEMENT TO CLINTON,INDIANA AND THE CEDAR RAPIDS, IOWA CORRIDOR PUBLIC LIBRARIES
PROVIDING FUNDS TO OTHER 501(C)(3) CHARITIES TO PROMOTE EDUCATION, LITERACY, MUSIC, & HEALTH WITHIN THE IOWA AND INDIANA COMMUNITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dick Dearinger Director | 5 | $16,800 | |
Alex Taylor Director | 5 | $20,400 | |
Martha Norton Director | 5 | $16,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $291,383 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $186,689 |
| Capital Gain Net Income | $186,689 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,300 |
| Total Revenue | $484,372 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $54,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,252 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,671 |
| Printing and publications | $0 |
| Other expenses | $2,785 |
| Total operating and administrative expenses | $118,098 |
| Contributions, gifts, grants paid | $363,600 |
| Total expenses and disbursements | $481,698 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $181,456 |
| 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 | $5,870 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,547,579 |
| 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 | $2,001 |
| Total liabilities | $2,001 |
Grants Awarded
Over the last fiscal year, John P And Lawrence J Giacoletto Foundation has awarded $363,600 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
ALL SAINTS CATHOLIC CHURCH PURPOSE: TUITION ASISTANCE PROGRAM | $10,000 |
BOYS & GIRLS CLUB OF THE CORRIDOR PURPOSE: CAPITAL CAMPAIGN | $10,000 |
CATHERINE MCAULEY CENTER PURPOSE: EDUCATION SERVICES FOR IMMIGRANTS/REFUGEES | $7,000 |
CEDAR RAPIDS COMMUNITY SCHOOLS FOUNDATION PURPOSE: EDUCATION PROGRAMS | $4,100 |
CEDAR RAPIDS COMMUNITY SCHOOLS FOUNDATION PURPOSE: LABORATORY EQUIPMENT FOR WASHINGTON HS | $25,000 |
CLINTON INDIANA PUBLIC LIBRARY PURPOSE: DOLLY PARTON READING PROGRAM | $2,000 |