Paul F & Franca G Oreffice Foundation
- Assets
- $2.3m
- Revenue
- $30.5k
- Investments
- $1.5m
- Employees
- 0
- Location
- Midland, MI
- Founding
- 02/1987
- Data as of
- 12/2022
- EIN
- 38-2705906
Organization Overview
Paul F & Franca G Oreffice Foundation is located in Midland, MI. The organization was established in 1987. 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. Paul F & Franca G Oreffice 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, Paul F & Franca G Oreffice Foundation generated $30.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (23.9%) each year. All expenses for the organization totaled $210.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Paul F & Franca G Oreffice Foundation has awarded 94 individual grants totaling $1,240,360. 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 |
|---|---|---|---|
Paul F Oreffice President | 1 | $0 | |
Franca G Oreffice Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $220 |
| Dividends & Interest | $71,361 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$41,119 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $30,462 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $205 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,995 |
| Total operating and administrative expenses | $6,956 |
| Contributions, gifts, grants paid | $203,900 |
| Total expenses and disbursements | $210,856 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $794,442 |
| 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 | $715,544 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,306,134 |
| 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, Paul F & Franca G Oreffice Foundation has awarded $203,900 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
BANNER MD ANDERSON CANCER CENTER PURPOSE: GENERAL FUND | $10,000 |
GRAYSON - JOCKEY CLUB FOUNDATION PURPOSE: GENERAL FUND | $10,000 |
JUDICIAL WATCH PURPOSE: GENERAL FUND | $9,000 |
NATIONAL PARKINSON FOUNDATION PURPOSE: GENERAL FUND | $30,000 |
NATIONAL RACING MUSEUM AND HALL OF FAME PURPOSE: GENERAL FUND | $10,000 |
NEW YORK RACE TRACK CHAPLANCY PURPOSE: GENERAL FUND | $4,500 |