Marchese Family Foundation
- Assets
- $2.5m
- Revenue
- $461.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Gatos, CA
- Founding
- 09/2007
- Data as of
- 12/2023
- EIN
- 20-5187898
Organization Overview
Marchese Family Foundation is located in Los Gatos, CA. The organization was established in 2007. 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. Marchese Family 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 12/2023, Marchese Family Foundation generated $461.9k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $588.9k during the year ending 12/2023. While expenses have increased by 4.4% per year over the past 5 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 2014, Marchese Family Foundation has awarded 162 individual grants totaling $1,156,060. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARCHESE FAMILY FOUNDATION IS IN ITS EARLY STAGE. FROM CONTRIBUTIONS RECEIVED AND THE EARNINGS THEREON, THE FOUNDATION PLANS TO MAKE DONATIONS TO QUALIFIED PUBLIC CHARITABLE, EDUCATIONAL AND SCIENTIFIC ORGANIZATIONS, PROVIDED SUCH DONATIONS ARE IN COMPLIANCE WITH ALL FEDERAL AND STATE TAX LAWS AND WILL NOT CAUSE THE FOUNDATION TO JEOPARDIZE ITS TAX-EXEMPT STATUS. THE AFOREMENTIONED ORGANIZATIONS WILL IDEALLY BE BASED IN CALIFORNIA; HOWEVER, DONATIONS TO EXCEPTIONALLY MERITORIOUS ORGANIZATIONS WILL BE CONSIDERED REGARDLESS OF THE GEOGRAPHIC LOCATION OF SUCH ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Marchese President | 20 | $0 | |
Helen Owen Secretary | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14,046 |
| Dividends & Interest | $131 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $447,752 |
| Total Revenue | $461,929 |
| 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 | $56,243 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $262,215 |
| Total operating and administrative expenses | $348,043 |
| Contributions, gifts, grants paid | $240,881 |
| Total expenses and disbursements | $588,924 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,145 |
| 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 | $623,321 |
| 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 | $1,823,661 |
| Other assets | $0 |
| Total assets | $2,456,127 |
| 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, Marchese Family Foundation has awarded $240,881 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
SAINT FRANCIS HIGH SCHOOL PURPOSE: HIGH SCHOOL PROGRAM | $47,008 |
CARMELITE MONASTERY PURPOSE: NONPROFIT ORGANIZATION | $2,000 |
NOTABLE MUSIC ARTS ORGANIZATION PURPOSE: NONPROFIT ORGANIZATION | $1,000 |
LITTLE ITALY SAN JOSE FOUNDATION PURPOSE: NONPROFIT ORGANIZATION | $23,558 |
SACRED HEART NATIVITY SCHOOL PURPOSE: NONPROFIT ORGANIZATION | $30,958 |
SAN JOSE AUXILIARY FOR CHILDREN PURPOSE: NONPROFIT ORGANIZATION | $500 |