Celani Charitable Foundation Inc
- Assets
- $1.4m
- Revenue
- -$66.7k
- Investments
- $1.4m
- Employees
- 0
- Location
- Novi, MI
- Founding
- 01/2001
- Data as of
- 12/2022
- EIN
- 38-3544723
Organization Overview
Celani Charitable Foundation Inc is located in Novi, MI. The organization was established in 2001. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Celani Charitable Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2014, Celani Charitable Foundation Inc has awarded 25 individual grants totaling $897,085. 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 |
|---|---|---|---|
Thomas Celani President, Director | 1 | $0 | |
Vicki Celani Treasurer, Secretary, Dir | 0.25 | $0 | |
Vincenzo Celani Director | 0.25 | $0 | |
Olivia Celani Director | 0.25 | $0 | |
Benedetto Celani Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,750 |
| Interest on Savings | $0 |
| Dividends & Interest | $31,210 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$100,700 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$66,740 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,300 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $11,250 |
| Contributions, gifts, grants paid | $125,000 |
| Total expenses and disbursements | $136,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,450 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $476 |
| 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 | $1,425,734 |
| 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, Celani Charitable Foundation Inc has awarded $11,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SAINT JOHNS LUTHERAN SCHOOL PURPOSE: TO SUPPORT CHARITABLE OPERATIONS OF THE ORGANIZATIONS | $1,000 |
CARE HOUSE OF OAKLAND COUNTY PURPOSE: TO SUPPORT CHARITABLE OPERATIONS OF THE ORGANIZATIONS | $10,000 |