Marc Ernest Pallotta Foundation Inc
- Assets
- $7.0k
- Revenue
- $10.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Worcester, MA
- Founding
- 06/1995
- Data as of
- 12/2021
- EIN
- 22-3351769
Organization Overview
Marc Ernest Pallotta Foundation Inc is located in Worcester, MA. The organization was established in 1995. According to its NTEE Classification (I99) the organization is classified as: Crime & Legal-Related N.E.C., under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marc Ernest Pallotta 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, Marc Ernest Pallotta Foundation Inc generated $10.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $9.5k during the year ending 12/2021. While expenses have increased by 2.6% per year over the past 7 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
COLLEGE SCHOLARSHIPS - FOUNDATION AWARDED SCHOLARSHIPS TO THREE RECIPIENTS.
CHARITY OF THE MONTH - EACH MONTH THE FOUNDATION DESIGNATES A CHARITY AND SENDS A DONATION. THIS YEAR THE FOUNDATION MADE 11 CONTRIBUTIONS TO 11 DIFFERENT CHARITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher D Pallotta President | 0 | $0 | |
Laura Pallotta Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,000 |
| Interest on Savings | $1 |
| Dividends & Interest | $0 |
| 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 | $0 |
| Total Revenue | $10,001 |
| 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 | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $78 |
| Total operating and administrative expenses | $576 |
| Contributions, gifts, grants paid | $8,888 |
| Total expenses and disbursements | $9,464 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,038 |
| 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 | $7,038 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $24 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $24 |
Grants Awarded
Over the last fiscal year, Marc Ernest Pallotta Foundation Inc has awarded $8,888 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
DENISE NGUYEN PURPOSE: SCHOLARSHIP | $1,000 |
JASON WELDON PURPOSE: SCHOLARSHIP | $1,000 |
MICHAEL JOSEPH ALICEA PURPOSE: SCHOLARSHIP | $1,000 |
Providence, RI PURPOSE: TO SUPPORT OPERATIONS OF THE PUBLIC CHARITIES | $888 |
Worcester, MA PURPOSE: TO SUPPORT OPERATIONS OF THE PUBLIC CHARITY | $500 |
ABBY'S HOUSE PURPOSE: TO SUPPORT OPERATIONS OF THE PUBLIC CHARITY | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
I Have A Dream Foundation New York, NY | $4,280,533 | $3,609,855 |
Cfa Society Boston Inc Boston, MA | $5,288,449 | $2,072,624 |
Justice Assistance Cranston, RI | $354,548 | $1,128,729 |
Childrens Law Center Inc Hartford, CT | $1,609,797 | $1,213,365 |
Storeworkers Security Plan Astoria, NY | $7,344,945 | $430,154 |
The Eder Family Foundation Inc West Haven, CT | $5,987,056 | $349,537 |
New York International Arbitration Center Inc New York, NY | $526,912 | $446,398 |
Judicial Process Commission Inc Rochester, NY | $129,710 | $296,611 |
Franklin N Flaschner Judicial Institute Inc Boston, MA | $3,912,700 | -$50,111 |
Ohr Bachoshech Inc Monroe, NY | $10,886 | $0 |
Roslyn Milstein Meyer And Jerome Meyer Foundation New York, NY | $138,207 | $300,008 |
Law Enforcement Officers Weekend Inc Island Park, NY | $76,156 | $0 |