Molinaro Family Charitable Foundation
- Assets
- $3.9m
- Revenue
- $89.3k
- Investments
- $3.8m
- Employees
- 0
- Location
- Waterloo, IA
- Founding
- 03/2000
- Data as of
- 12/2022
- EIN
- 42-1480934
Organization Overview
Molinaro Family Charitable Foundation is located in Waterloo, IA. 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. Molinaro Family 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 12/2022, Molinaro Family Charitable Foundation generated $89.3k 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 (8.2%) each year. All expenses for the organization totaled $216.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Molinaro Family Charitable Foundation has awarded 62 individual grants totaling $563,500. 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 |
|---|---|---|---|
Frances Molinaro President & Director | 1 | $0 | |
Bryan Molinaro-Blonigan Vice- Pres | 1 | $0 | |
Shirley Schweertman Secretary | 1 | $0 | |
Robin Molinaro-Blonigan Tresurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $911 |
| Dividends & Interest | $114,448 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$26,063 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $89,296 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,179 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,041 |
| Total operating and administrative expenses | $31,692 |
| Contributions, gifts, grants paid | $185,000 |
| Total expenses and disbursements | $216,692 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,785 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,611 |
| Total assets | $3,861,570 |
| 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 | $2,035 |
| Total liabilities | $2,035 |
Grants Awarded
Over the last fiscal year, Molinaro Family Charitable Foundation has awarded $185,000 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
WATERLOO YOUTH HOCKEY ASSOCIATION PURPOSE: SPONSOR YOUTH HOCKEY TEAMS | $5,000 |
SPADA PEDIATRIC SARCOMA FOUNDATION PURPOSE: GENERAL DONATION | $15,000 |
FRIENDS OF CEDAR VALLEY SPORTS & ENTERTAINMENT COMMISSION PURPOSE: SPONSOR GOLF TOURNAMENT | $20,000 |
CEDAR VALLEY CATHOLIC SCHOOLS PURPOSE: WOMEN'S GOLF SPONSOR | $1,000 |
ST EDWARDS CATHOLIC CHURCH PURPOSE: GENERAL DONATION | $20,750 |
FRIENDS OF NCC CHARITABLE TRUST PURPOSE: DONATION FOR NATIONAL CATTLE CONGRESS FAIR | $5,000 |