Joe Tassone Foundation Inc
- Assets
- $791.9k
- Revenue
- -$6.7k
- Investments
- $756.2k
- Employees
- 0
- Location
- Uniontown, PA
- Founding
- 08/2007
- Data as of
- 12/2022
- EIN
- 20-5846388
Organization Overview
Joe Tassone Foundation Inc is located in Uniontown, PA. The organization was established in 2007. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Joe Tassone 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION MAKES A POST SECONDARY EDUCATIONAL SCHOLARSHIP DISBURSEMENT FOR A STUDENT SELECTED BY SCHOOL ADMINISTRATION BASED ON MERIT BENEFITED THROUGH SCHOLARSHIP FUNDING.
THE MANAGEMENT AND ADMINISTRATIVE COSTS INCURRED TO OPERATE THE FOUNDATION, DIRECTLY SUPPORT, AND ARE NECESSARY TO CARRY OUT THE CHARITABLE PROGRAMS AND ACTIVITIES CONDUCTED BY THE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Earl Stevenson Secretary | 1 | $0 | |
Constance Battglia Director | 1 | $0 | |
Edward Rebitch Treasurer | 1 | $0 | |
John R Hart President | 1 | $0 | |
Jeff Strauch Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10 |
| Dividends & Interest | $20,066 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$26,751 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$6,675 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $606 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $798 |
| Total operating and administrative expenses | $13,413 |
| Contributions, gifts, grants paid | $50,000 |
| Total expenses and disbursements | $63,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,872 |
| Savings and temporary cash investments | $19,836 |
| 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 | $791,947 |
| 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, Joe Tassone Foundation Inc has awarded $50,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ST JOHN THE EVANGELIST RC PURPOSE: DONATION TO A DOMESTICALLY REGISTERED CHARITABLE ORGANIZATION. | $25,000 |
GEIBEL CATHOLIC PURPOSE: DONATION TO A DOMESTICALLY REGISTERED CHARITABLE ORGANIZATION. | $25,000 |