The Denunzio Foundation
- Assets
- $111.7k
- Revenue
- $226.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Warwick, RI
- Founding
- 09/1986
- Data as of
- 12/2022
- EIN
- 22-2738275
Organization Overview
The Denunzio Foundation is located in Warwick, RI. The organization was established in 1986. 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. Denunzio 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 12/2022, Denunzio Foundation generated $226.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $2.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Denunzio Foundation has awarded 17 individual grants totaling $3,523,421. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Denunzio Trustee | 5 | $0 | |
Thomas Denunzio Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $33,283 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $193,019 |
| Capital Gain Net Income | $193,019 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $226,302 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $207 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,702 |
| Total operating and administrative expenses | $14,409 |
| Contributions, gifts, grants paid | $2,404,421 |
| Total expenses and disbursements | $2,418,830 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $111,656 |
| 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 | $111,656 |
| 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, The Denunzio Foundation has awarded $2,404,421 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
DAVID A DENUNZIO CHARITABLE FUND THROUGH VANGUARD CHARITABLE ENDOWMENT FUND PURPOSE: FURTHERMENT OF EXEMPT FUNCTION. CONTRIBUTION CONSISTED OF CASH OF $17,270 AND SECURITIES WITH A COST BASIS OF $813,956 AND FMV OF $1,784,327 | $831,226 |
PETER D DENUNZIO CHARITABLE FUND THROUGH NORGAN STANLEY GLOBAL IMPACT FUNDI PURPOSE: FURTHERMENT OF EXEMPT FUNCTION. CONTRIBUTION CONSISTED OF CASH OF $17,247 AND SECURITIES WITH A COST BASIS OF $813,985 AND FMV OF $1,772,758 | $831,232 |
THE DENUNZIO GIVING FUND THROUGH FIDELITY CHARITABLE GIFT FUND PURPOSE: FURTHERMENT OF EXEMPT FUNCTION. CONTRIBUTION CONSISTED OF CASH OF $17,247 AND SECURITIES WITH A COST BASIS OF $724,717 AND FMV OF $1,595,835 | $741,963 |