Benevento & Mayo Foundation Tr
- Assets
- $5.5m
- Revenue
- $155.5k
- Investments
- $5.4m
- Employees
- 0
- Location
- Forty Fort, PA
- Founding
- 11/1997
- Data as of
- 12/2023
- EIN
- 23-7880441
Organization Overview
Benevento & Mayo Foundation Tr is located in Forty Fort, PA. The organization was established in 1997. 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. Benevento & Mayo Foundation Tr 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 12/2023, Benevento & Mayo Foundation Tr generated $155.5k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $162.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Benevento & Mayo Foundation Tr has awarded 137 individual grants totaling $1,878,344. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary M Parente Trustee | 0 | $0 | |
Brian J Parente Trustee | 0 | $0 | |
John Parente Trustee | 0 | $0 | |
Charles E Parente Trustee | 0 | $0 | |
Marla Parente Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $130 |
| Dividends & Interest | $152,430 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,967 |
| Capital Gain Net Income | $2,967 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $155,527 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,387 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $66,357 |
| Contributions, gifts, grants paid | $96,400 |
| Total expenses and disbursements | $162,757 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,705 |
| 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 | $5,394,613 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,458,318 |
| 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, Benevento & Mayo Foundation Tr has awarded $96,400 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTHHAMPTON DAY CARE CENTER PURPOSE: CHARITABLE | $7,500 |
BACK MOUNTAIN POLICE ASSOCIATION PURPOSE: CHARITABLE | $1,500 |
CASA OF LUZERNE COUNTY PURPOSE: CHARITABLE | $10,000 |
FM KIRBY CENTER PURPOSE: CHARITABLE | $2,500 |
FORK OVER LOVE PURPOSE: CHARITABLE | $10,000 |
CENTER FOR THERAPEUTIC RIDING PURPOSE: CHARITABLE | $11,400 |