James & Coralie Centofanti Charitable Foundation
- Assets
- $6.7m
- Revenue
- $326.0k
- Investments
- $6.4m
- Employees
- 0
- Location
- Youngstown, OH
- Founding
- 05/1998
- Data as of
- 12/2023
- EIN
- 31-6567000
Organization Overview
James & Coralie Centofanti Charitable Foundation is located in Youngstown, OH. The organization was established in 1998. 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. James & Coralie Centofanti 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 12/2023, James & Coralie Centofanti Charitable Foundation generated $326.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (12.6%) each year. All expenses for the organization totaled $499.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, James & Coralie Centofanti Charitable Foundation has awarded 276 individual grants totaling $5,124,094. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,394 |
| Dividends & Interest | $160,182 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $158,438 |
| Capital Gain Net Income | $158,438 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $326,014 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $650 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,200 |
| Total operating and administrative expenses | $77,100 |
| Contributions, gifts, grants paid | $422,048 |
| Total expenses and disbursements | $499,148 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250,083 |
| 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 | $1,776,547 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,682,018 |
| 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 | $1,545 |
| Total liabilities | $1,545 |
Grants Awarded
Over the last fiscal year, James & Coralie Centofanti Charitable Foundation has awarded $422,048 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
AKRON CHILDREN'S HOSPITAL PURPOSE: CHARITABLE | $50,000 |
AMERICAN HEART ASSOCIATION PURPOSE: CHARITABLE | $5,000 |
AMERICAN LEGION POST 177 PURPOSE: CHARITABLE | $3,000 |
CANFIELD ROTORY CLUB PURPOSE: CHARITABLE | $12,500 |
CANFIELD SCHOOLS PURPOSE: CHARITABLE | $7,548 |
BEATITUDE HOUSE PURPOSE: CHARITABLE | $30,000 |