Michael And Noreen Becci Foundation
- Assets
- $60.3k
- Revenue
- $10.0k
- Investments
- $49.7k
- Employees
- 0
- Location
- Williamsburg, VA
- Founding
- 02/2011
- Data as of
- 12/2021
- EIN
- 27-3460021
Organization Overview
Michael And Noreen Becci Foundation is located in Williamsburg, VA. 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. Michael And Noreen Becci 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 12/2021, Michael And Noreen Becci Foundation generated $10.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 27.4% each year . All expenses for the organization totaled $4.5k during the year ending 12/2021. While expenses have increased by 18.8% 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
THE FOUNDATION WAS ORGANIZED IN 2010 AND WAS INCORPORATED AS A VIRGINIA NON-STOCK NOT-FOR-PROFIT CORPORATION. IT IS A 501C3 TAX EXEMPT GRANT MAKING NON-OPERATING PRIVATE FOUNDATION DEVOTED TO CHARITABLE SCIENTIFIC LITERARY & EDUCATIONAL PURPOSES PARTICULARLY THE CARE OF AND PREVENTION OF CRUELTY TO ANIMALS THE SUPPORT OF THE ARTS AND THE SUPPORT OF CHILDHOOD EDUCATION.
DURING FISCAL 2021 THE BOARD OF DIRECTORS APPROVED THE AWARD OF THREE SMALL GRANTS PAYABLE TO CHARITABLE AND EDUCATIONAL ORGANIZATIONS INCLUDING $2000 TO FRANCISVALE HOME FOR SMALLER ANIMALS IN RADNOR PA AND $2000 TO THE RICHMOND SPCA IN RICHMOND VA BOTH NO-KILL ANIMAL SHELTERS AND $300 TO LOCAL PUBLIC TELEVISION RADIO BROADCASTER WHRO MEDIA IN NORFOLK VA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael N Becci Dir Pres Tres | 1 | $0 | |
Noreen B Becci Dir VP Sec | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,996 |
| 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 | $9,996 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $42 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $157 |
| Total operating and administrative expenses | $199 |
| Contributions, gifts, grants paid | $4,300 |
| Total expenses and disbursements | $4,499 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,404 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $200 |
| Total assets | $60,290 |
| 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, Michael And Noreen Becci Foundation has awarded $4,300 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
RICHMOND SPCA PURPOSE: TO HELP FUND GENERAL OPERATIONS | $2,000 |
Radnor, PA PURPOSE: TO HELP FUND GENERAL OPERATIONS | $2,000 |
WHRO PUBLIC MEDIA PURPOSE: TO HELP FUND GENERAL OPERATIONS | $300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robins Foundation Richmond, VA | $182,936,779 | $19,761,890 |
Jacob And Hilda Blaustein Foundation Inc Baltimore, MD | $130,688,531 | $27,779,767 |
Carson-Myre Charitable Foundation Paducah, KY | $72,587,857 | $8,781,396 |
Virginia Institute Of Autism Incorporated Charlottesville, VA | $13,400,970 | $11,731,710 |
Clark-Winchcole Foundation Bethesda, MD | $197,708,650 | $12,024,655 |
Joe C Davis Foundation Nashville, TN | $101,782,891 | $6,182,733 |
National Minority Quality Forum Inc Washington, DC | $4,852,871 | $11,649,230 |
Gambrell Foundation Charlotte, NC | $0 | $18,901,501 |
Day Foundation Memphis, TN | $0 | $13,711,953 |
Clayton Family Foundation Knoxville, TN | $90,913,195 | $17,391,150 |
Affordable Housing Opportunity Fund Inc Charlottesville, VA | $703,537 | $6,974,715 |
G Harbaugh Foundation Franklin, TN | $61,708,468 | $12,393,056 |