Iacobelli Family Foundation
- Assets
- $183.8k
- Revenue
- $2.2k
- Investments
- $114.5k
- Employees
- 0
- Location
- Bloomfield Hills, MI
- Founding
- 02/2000
- Data as of
- 12/2022
- EIN
- 38-3505771
Organization Overview
Iacobelli Family Foundation is located in Bloomfield Hills, MI. 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. Iacobelli 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, Iacobelli Family Foundation generated $2.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 32.3% each year . All expenses for the organization totaled $3.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Iacobelli Family Foundation has awarded 47 individual grants totaling $160,901. 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 |
|---|---|---|---|
Celia J Iacobelli President/director | 2 | $0 | |
Mario F Iacobelli Secretary/treasurer/direct | 2 | $0 | |
Mario P Iacobelli Director | 2 | $0 | |
Jeanne L Crockett Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $472 |
| Dividends & Interest | $1,057 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $718 |
| Capital Gain Net Income | $718 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,247 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $65 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,665 |
| Contributions, gifts, grants paid | $750 |
| Total expenses and disbursements | $3,415 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $69,336 |
| 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 | $0 |
| Total assets | $183,832 |
| 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, Iacobelli Family Foundation has awarded $750 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
AVON OLD FARMS SCHOOL PURPOSE: AVON OLD FARMS SCHOOL STRIVES TO BE THE BEST SCHOOL FOR BOYS BY CULTIVATING YOUNG MEN OF INTEGRITY WHO HONOR WISDOM, JUSTICE, SERVICE, AND THE PURSUIT OF TRUTH. IT PROMOTES INTELLECTUAL, CREATIVE, AND EMOTIONAL GROWTH IN STUDENTS BY PROVIDING A STRUCTURED, SUPPORTIVE LEARNING ENVIRONMENT THAT ENCOURAGES SELF-DISCOVERY AND SOCIAL RESPONSIBILITY. | $250 |
DETROIT SYMPHONY ORCHESTRA PURPOSE: TO EMBRACE AND INSPIRES INDIVIDUALS, FAMILIES AND COMMUNITIES THROUGH UNSURPASSED MUSICAL EXPERIENCES. | $250 |
IHM SISTERS PURPOSE: THE IHM COMMUNITY CHOOSE TO WORK WITH OTHERS TO BUILD A CULTURE OF PEACE AND RIGHT RELATIONSHIP AMONG OURSELVES, WITH THE CHURCH AND WITH THE WHOLE EARTH COMMUNITY. | $250 |