The@bruno And Sallie Pasquinelli Family Foundation
- Assets
- $476.4k
- Revenue
- $157.1k
- Investments
- $433.1k
- Employees
- 0
- Location
- Benton Harbor, MI
- Founding
- 06/2017
- Data as of
- 12/2022
- EIN
- 35-7158837
Organization Overview
The@bruno And Sallie Pasquinelli Family Foundation is located in Benton Harbor, MI. The organization was established in 2017. 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. The@bruno And Sallie Pasquinelli Family 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, The@bruno And Sallie Pasquinelli Family Foundation generated $157.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (47.7%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, The@bruno And Sallie Pasquinelli Family Foundation has awarded 21 individual grants totaling $4,568,420. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY ASEXEMPT ORGANIZATION UNDER SEC. 501(C)(3) OF THE INTERNALREVENUE CODE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruno Pasquinelli President | 1 | $0 | |
Sallie S Pasquinelli Treasurer | 1 | $0 | |
John Sm Pasquinelli Director | 1 | $0 | |
Christine M Pasquinelli Director | 1 | $0 | |
Elizabeth Pasquinelli Director | 1 | $0 | |
Bruno Hc Pasquinelli Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $15,685 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $140,261 |
| Capital Gain Net Income | $140,261 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,153 |
| Total Revenue | $157,099 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,498 |
| Total operating and administrative expenses | $30,293 |
| Contributions, gifts, grants paid | $1,198,161 |
| Total expenses and disbursements | $1,228,454 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,300 |
| 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 | $109,148 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $476,411 |
| 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, The@bruno And Sallie Pasquinelli Family Foundation has awarded $1,198,161 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
CHICAGO SYMPHONY ORCHESTRA PURPOSE: TO SUPPORT THE COMMUNITY | $15,000 |
GREATER CHICAGO FOOD DEPOSITORY PURPOSE: TO SUPPORT THE COMMUNITY | $1,000 |
LYRICS OPERA OF CHICAGO PURPOSE: TO SUPPORT THE COMMUNITY | $10,000 |
MAKS CORP PURPOSE: TO SUPPORT THE COMMUNITY | $2,000 |
UNIVERSITY OF ILLINOIS - HONORS COLLEGE FUND PURPOSE: TO SUPPORT THE COMMUNITY | $25,000 |
UNIVERSITY OF ILLINOIS AT CHICAGO DEPARTMENT OF SURGERY PURPOSE: TO SUPPORT THE COMMUNITY | $100,000 |