Paul And Dana Magno Family Foundation Inc
- Assets
- $0.0
- Revenue
- $99.4k
- Investments
- $565.8k
- Employees
- 0
- Location
- Trenton, NJ
- Founding
- 03/2011
- Data as of
- 06/2022
- EIN
- 27-0755271
Organization Overview
Paul And Dana Magno Family Foundation Inc is located in Trenton, NJ. The organization was established in 2011. 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. Paul And Dana Magno Family 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 06/2022, Paul And Dana Magno Family Foundation Inc generated $99.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $79.3k during the year ending 06/2022. While expenses have increased by 9.8% per year over the past 8 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.
Since 2015, Paul And Dana Magno Family Foundation Inc has awarded 114 individual grants totaling $445,200. 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 |
|---|---|---|---|
Dana Magno Trustee | 0 | $0 | |
Paul J Magno Trustee | 0 | $0 | |
James Maida Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $70,808 |
| Interest on Savings | $2,148 |
| Dividends & Interest | $25,023 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $99,409 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $11,522 |
| Contributions, gifts, grants paid | $67,781 |
| Total expenses and disbursements | $79,303 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $431,580 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Paul And Dana Magno Family Foundation Inc has awarded $67,781 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
LAVALETTE FIRST AID PURPOSE: COMMUNITY | $1,000 |
FAITH LUTHERAN CHURCH PURPOSE: RELIGIOUS | $15,000 |
ST JUDES PURPOSE: RESEARCH-CANCER | $1,500 |
RUTGERS UNIVERSITY FDN PURPOSE: COMMUNITY | $31,000 |
YAMPA RIVER BOTANICAL PARK PURPOSE: COMMUNITY | $500 |
SAVE BARNEGAT BAY PURPOSE: COMMUNITY | $500 |