The Fedeli Family Charitable Foundation
- Assets
- $14.3m
- Revenue
- $2.6m
- Investments
- $13.4m
- Employees
- 0
- Location
- Independence, OH
- Founding
- 12/2000
- Data as of
- 12/2022
- EIN
- 31-1740537
Organization Overview
The Fedeli Family Charitable Foundation is located in Independence, OH. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Fedeli Family Charitable 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 12/2022, Fedeli Family Charitable Foundation generated $2.6m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $817.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Fedeli Family Charitable Foundation has awarded 235 individual grants totaling $1,629,032. 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 |
|---|---|---|---|
Umberto Fedeli Jr Trustee | 1 | $186,790 | |
Maryellen Fedeli Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $817,889 |
| Interest on Savings | $0 |
| Dividends & Interest | $161,524 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,598,395 |
| Capital Gain Net Income | $1,598,395 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14,230 |
| Total Revenue | $2,592,038 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $186,790 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $55,644 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,664 |
| Total operating and administrative expenses | $261,098 |
| Contributions, gifts, grants paid | $556,815 |
| Total expenses and disbursements | $817,913 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $617,208 |
| 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 | $2,354,468 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $260,577 |
| Total assets | $14,296,036 |
| Accounts payable and accrued expenses | $50,000 |
| 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 | $50,000 |
Grants Awarded
Over the last fiscal year, The Fedeli Family Charitable Foundation has awarded $556,815 in support to 76 organizations.
| Grant Recipient | Amount |
|---|---|
ANGELS OF MERCY PURPOSE: 2022 SPONSORSHIP | $1,000 |
BENEDICTINE HIGH SCHOOL PURPOSE: SCHOLARSHIP | $9,500 |
AVE MARIA UNIVERSITY PURPOSE: OPERATION 500 & 3-S SCHOLARSHIP | $17,500 |
CATHOLIC COMMUNITY FOUNDATION PURPOSE: 2022 ALLELUIA BALL | $45,000 |
CBMC NORTHEAST OHIO PURPOSE: CLEVELAND LEADERSHIP PRAYER BREAKFAST | $750 |
CENTER POINT SCHOOL PURPOSE: SUPPORT OPERATING EXPENSES | $500 |