John L & Grace P Soldoveri Foundation Inc
- Assets
- $7.2m
- Revenue
- $993.8k
- Investments
- $6.9m
- Employees
- 0
- Location
- Totowa, NJ
- Founding
- 07/1994
- Data as of
- 12/2021
- EIN
- 22-3267801
Organization Overview
John L & Grace P Soldoveri Foundation Inc is located in Totowa, NJ. The organization was established in 1994. 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. John L & Grace P Soldoveri 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.
For the year ending 12/2021, John L & Grace P Soldoveri Foundation Inc generated $993.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 58.2% each year . All expenses for the organization totaled $462.2k during the year ending 12/2021. While expenses have increased by 4.3% per year over the past 4 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.
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert C Soldoveri President & CEO | 4 | $17,500 | |
Jane A Hinckley Vice President | 4 | $17,500 | |
Michael John Hinckley Director | 0 | $0 | |
Cheryl Spadafora Treasurer | 6 | $0 | |
Kristin Grace Hinckley Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $285,876 |
| Interest on Savings | $0 |
| Dividends & Interest | $187,178 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $520,769 |
| Capital Gain Net Income | $520,769 |
| Net ST Capital Gain | $115,275 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $993,823 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $35,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $38 |
| Taxes | $10,459 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $61,055 |
| Total operating and administrative expenses | $136,262 |
| Contributions, gifts, grants paid | $325,951 |
| Total expenses and disbursements | $462,213 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $329,607 |
| 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 | $525 |
| Total assets | $7,221,234 |
| 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 | $1,383 |
| Total liabilities | $1,383 |
Peer Organizations
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|---|---|---|
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The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |
Bristol-Myers Squibb Foundation Inc New York, NY | $146,629,708 | $46,784 |