Marasco & Nesselbush Foundation
- Assets
- $33.7k
- Revenue
- $19.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Providence, RI
- Founding
- 12/2011
- Data as of
- 12/2021
- 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 12/2021, Marasco & Nesselbush Foundation generated $19.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 25.7% each year . All expenses for the organization totaled $10.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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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 | $19,085 |
| 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 | $19,085 |
| 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 | $50 |
| Total operating and administrative expenses | $1,000 |
| Contributions, gifts, grants paid | $9,220 |
| Total expenses and disbursements | $10,220 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,667 |
| 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 | $33,667 |
| 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 $9,220 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL MS SOCIETY PURPOSE: CHARITABLE | $2,500 |
JONNYCAKE CENTER OF PEACE DALE PURPOSE: CHARITABLE | $1,520 |
GLORIA GEMMA FOUNDATION PURPOSE: CHARITABLE | $1,500 |
PAN-MASS CHALLENGE PURPOSE: CHARITABLE | $1,500 |
Providence, RI PURPOSE: CHARITABLE | $1,200 |
SARAH FRANCIS GRANT HOMESTEAD PURPOSE: CHARITABLE | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Friends Of The Royal Foundation Of The Duke And Duchess Newtown, MA | $2,911,496 | $8,616,320 |
Mccourt Foundation Inc Braintree, MA | $29,762,470 | $6,917,849 |
The Red Sox Foundation Inc Boston, MA | $19,048,615 | $7,450,414 |
Hadhramout Foundation Inc Westport, CT | $10,990 | $4,795,440 |
National Charitable Endowment Inc Darien, CT | $102,215,379 | $63,553,523 |
Monks Of Norcia Foundation Norwalk, CT | $2,496,451 | $3,625,099 |
Rhode Island Public Radio Providence, RI | $4,627,128 | $4,312,940 |
Textron Charitable Trust 540 008 Providence, RI | $6,046,878 | $138,060 |
Preparatory Foundation Inc Hyde Park, MA | $39,866,079 | $3,595,324 |
Catalytic Impact Foundation Inc Hingham, MA | $757,380 | $980,430 |
Unchain Foundation Inc stamford, CT | $0 | $0 |
Boston Bruins Charitable Foundation Inc Boston, MA | $2,200,804 | $3,967,130 |