Aldo And Mary Pat Palombo Trustfoundation Inc
- Assets
- $6.6k
- Revenue
- $85.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Marco Island, FL
- Founding
- 05/2007
- Data as of
- 12/2022
- EIN
- 20-4003467
Organization Overview
Aldo And Mary Pat Palombo Trustfoundation Inc is located in Marco Island, FL. The organization was established in 2007. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Aldo And Mary Pat Palombo Trustfoundation 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 12/2022, Aldo And Mary Pat Palombo Trustfoundation Inc generated $85.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 38.8% each year . All expenses for the organization totaled $46.1k during the year ending 12/2022. While expenses have increased by 16.7% 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 2016, Aldo And Mary Pat Palombo Trustfoundation Inc has awarded 84 individual grants totaling $171,619. 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 |
|---|---|---|---|
Mary Pat Palombo Trustee | 2 | $0 | |
Aldo A Palombo Jr Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $44,540 |
| Interest on Savings | $0 |
| Dividends & Interest | $34 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $41,180 |
| Capital Gain Net Income | $41,180 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $85,754 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $112 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,037 |
| Contributions, gifts, grants paid | $45,075 |
| Total expenses and disbursements | $46,112 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,627 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,627 |
| 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, Aldo And Mary Pat Palombo Trustfoundation Inc has awarded $45,075 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
ISLAND CO CLUB CHARITABLE FOUNDATION PURPOSE: SUPPORT CAUSE | $14,505 |
MARCO ISLAND HISTORICAL SOCIETY PURPOSE: SUPPORT CAUSE | $12,000 |
MARCO ISLAND CENTER FOR THE ARTS PURPOSE: SUPPORT CAUSE | $8,070 |
Naples, FL PURPOSE: SUPPORT CAUSE | $2,000 |
MARCO ISLAND FIRE RESCUE PURPOSE: SUPPORT CAUSE | $1,800 |
AMERICAN CANER SOCIETY OF MARCO ISLAND PURPOSE: SUPPORT CAUSE | $1,700 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Elevate Prize Foundation Inc Miami, FL | $25,599,159 | $21,836,715 |
Desai Sethi Foundation Inc miami, FL | $167,397,052 | $1,318,684 |
Mceachern Endowment Fund Inc Powder Springs, GA | $13,981,287 | $6,848,994 |
Malone Family Land Preservation Foundation Hobe Sound, FL | $131,481,954 | $946,463 |
Pebble Hill Foundation Inc Thomasville, GA | $45,568,261 | $2,596,354 |
Worthington Scholarship Foundation Naples, FL | $12,065,797 | $5,368,981 |
The Switzer Family Foundation Inc St Petersburg, FL | $0 | $574,920 |
Bangladesh American Society Of Muslim Aid For Humanity Inc Boca Raton, FL | $701,948 | $2,077,483 |
Elling O Eide Charitable Foundation Inc Sarasota, FL | $66,382,103 | $1,556,208 |
Paul Millsap Foundation Corp Atlanta, GA | $74,268 | $1,325,506 |
Beech Foundation Inc Conyers, GA | $2,116,092 | $45,755 |
Colen Family Charitable Tr Ocala, FL | $195,561,235 | $20,691,766 |