Marasco & Nesselbush Foundation
- Assets
- $36.0k
- Revenue
- $22.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Providence, RI
- Founding
- 12/2011
- Data as of
- 12/2022
- EIN
- 45-3173782
Organization Overview
Marasco & Nesselbush Foundation is located in Providence, RI. The organization was established in 2011. According to its NTEE Classification (T30) the organization is classified as: Public 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. Marasco & Nesselbush 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, Marasco & Nesselbush Foundation generated $22.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.8% each year . All expenses for the organization totaled $20.5k during the year ending 12/2022. While expenses have increased by 9.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Marasco & Nesselbush Foundation has awarded 73 individual grants totaling $103,947. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Marasco President | 0.25 | $0 | |
Donna Nesselbush Vice President | 0.25 | $0 | |
Scott Lafferty Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $22,889 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $22,889 |
| 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 | $47 |
| Total operating and administrative expenses | $1,147 |
| Contributions, gifts, grants paid | $19,396 |
| Total expenses and disbursements | $20,543 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,013 |
| 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 | $0 |
| Total assets | $36,013 |
| 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, Marasco & Nesselbush Foundation has awarded $19,396 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
CLOTHES TO KIDS RI PURPOSE: CHARITABLE | $500 |
GLORIA GEMMA FOUNDATION PURPOSE: CHARITABLE | $600 |
PAN-MASS CHALLENGE PURPOSE: CHARITABLE | $2,000 |
SOJOURNER HOUSE INC PURPOSE: CHARITABLE | $1,000 |
THE PROVIDENCE CENTER PURPOSE: CHARITABLE | $1,000 |
GLAD PURPOSE: CHARIABLE | $500 |