Massarelli Charitable Foundatio
- Assets
- $1.9m
- Revenue
- $47.6k
- Investments
- $1.5m
- Employees
- 0
- Location
- Mettawa, IL
- Founding
- 05/2006
- Data as of
- 12/2023
- EIN
- 20-2034836
Organization Overview
Massarelli Charitable Foundatio is located in Mettawa, IL. The organization was established in 2006. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Massarelli Charitable Foundatio 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 12/2023, Massarelli Charitable Foundatio generated $47.6k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $112.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Massarelli Charitable Foundatio has awarded 101 individual grants totaling $554,050. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael R Massarelli Director | 0 | $0 | |
John P Massarelli Secretary | 0 | $0 | |
Joseph M Massarelli Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $13,967 |
| Dividends & Interest | $23,696 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,920 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $47,583 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $16,338 |
| Contributions, gifts, grants paid | $96,000 |
| Total expenses and disbursements | $112,338 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $60,925 |
| Net Accounts receivable | $340,283 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,941,663 |
| 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, Massarelli Charitable Foundatio has awarded $96,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
WOUNDED WARRIORS PURPOSE: FOR FINANCIAL SUPPORT | $5,000 |
CRISTO REY ST MARTIN COLLEGE PREP PURPOSE: FOR FINANCIAL SUPPORT | $10,000 |
ANGELMAN SYNDROME FOUNDATION PURPOSE: FOR FINANCIAL SUPPORT | $10,000 |
OCULAR IMMUNOLOGY AND UVEITIS PURPOSE: FOR FINANCIAL SUPPORT | $2,500 |
ST JOSEPH SCHOOL PURPOSE: FOR FINANCIAL SUPPORT | $10,000 |
MARYTOWN PURPOSE: FOR FINANCIAL SUPPORT | $6,000 |