Mattei Foundation
- Assets
- $5.2m
- Revenue
- $274.0k
- Investments
- $5.2m
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 07/2005
- Data as of
- 12/2021
- EIN
- 20-6376517
Organization Overview
Mattei Foundation is located in Charlotte, NC. The organization was established in 2005. 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. Mattei 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 12/2021, Mattei Foundation generated $274.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $467.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Mattei Foundation has awarded 95 individual grants totaling $5,012,136. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $81,936 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $72,415 |
| Capital Gain Net Income | $72,415 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $119,688 |
| Total Revenue | $274,039 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,700 |
| Depreciation | $0 |
| Occupancy | $25,127 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $31,108 |
| Total operating and administrative expenses | $67,935 |
| Contributions, gifts, grants paid | $399,035 |
| Total expenses and disbursements | $466,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,551 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | -$50,201 |
| Total assets | $5,240,926 |
| 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, Mattei Foundation has awarded $1,639,035 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF TEXAS PURPOSE: RENOVATION OF JAMES J. AND MIRIAM MULVA HALL AND HILDEBRAND HALL. | $1,000,000 |
CAROLINA HEALTCHARE FOUNDATION PURPOSE: TO PROVIDE FUNDING FOR THE RESEARCH AND TREATMENT OF CARDIOVASCULAR DISEASES | $240,000 |
Charlotte, NC PURPOSE: SUPPLEMENT COST OF EVERY STUDENT'S EDUCATION | $205,000 |
ATRIUM HEALTH FOUNDATION PURPOSE: TO HELP ADVANCING HEART CARE IN OUR REGION BY SUPPORTING INNOVATIVE PROGRAMS AND PROJECTS, PROVIDE ASSISTANCE TO CAREGIVERS, AND PROVIDE ESSENTIAL NEEDS. | $105,000 |
MYERS PARK UNITED METHODIST CHURCH PURPOSE: TO PROVIDE FOR THOSE IN NEED. | $25,000 |
UNIVERSITY OF TEXAS PURPOSE: TO PROVIDE SUPPORT FOR STUDENTS, FACULTY, AND STAFF TO EDUCATE, INNOVATE AND CHANGE THE WORLD | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Arthur M Blank Family Foundation Atlanta, GA | $365,187,486 | $84,889,977 |
Pyramid Peak Foundation Memphis, TN | $230,284,852 | $119,724,559 |
John Bulow Campbell Foundation Atlanta, GA | $793,659,742 | $103,345,098 |
The Rosser Foundation A Pure Charitable Trust And Public Charit Hampton, VA | $12,195,900 | $36,359,396 |
Darla Moore And Richard Rainwater Foundation Lake City, SC | $538,432,800 | $34,322,461 |
Poplar Foundation Memphis, TN | $149,801,224 | $18,419,294 |
John M Belk Endowment Charlotte, NC | $344,527,989 | $19,824,991 |
Plough Foundation Memphis, TN | $29,124,366 | $7,604,937 |
C D Spangler Foundation Inc Charlotte, NC | $547,764,463 | $34,692,558 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |
The Ezrah Charitable Trust Charlotte, NC | $259,414,844 | $89,054,665 |