Michael P Nosco Foundation Inc is located in Newbury Park, CA. The organization was established in 2014. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michael P Nosco 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.
For the year ending 12/2023, Michael P Nosco Foundation Inc generated $147.0k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $154.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FINANCIAL RELIEF TO FAMILIES AND OR INDIVIDUALS WHO ARE CONFRONING A LIFE THREATENING ILLNESS IN SOUTHERN CALIFORNIA COMMUNITIES.
Describe the Organization's Program Activity:
Part 3
PROVIDE SUPPORT TO PEOPLE AND FAMILIES SUFFERING FROM CANCER OR OTHER DEVASTATING ILLNESSES. BASED ON APPLICATIONS RECEIVED AND COMPARED TO THE NEED BASED CRITERIA THAT THE ORGANIZATION HAS IN PLACE. TEN APPLICANTS IN 2022 RECEIVED ASSISTANCE WITH MUCH NEEDED CARE AND MEDICAL NEEDS.
COLLEGE SCHOLARSHIPS ARE GIVEN THROUGH THE HIGH SCHOOL. DURING 2022 FOUR SCHOLARSHIPS WERE GRANTED SOME ARE CONTINUING.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jack Nosco President | 8 | $0 | |
Ramona Evey Secretary | 4 | $0 | |
Robert Larosa Treasurer | 2 | $0 | |
Bob Schultz Boardmember | 1 | $0 | |
Tom Kattus Boardmember | 1 | $0 | |
Guido Palermo Boardmember | 3 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $146,809 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $31 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $170 |
Other Revenue | $0 |
Total Revenue | $147,010 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $249 |
Occupancy, rent, utilities, and maintenance | $2,388 |
Printing, publications, postage, and shipping | $302 |
Other expenses | $5,409 |
Total expenses | $153,995 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $27,510 |
Other assets | $0 |
Total assets | $27,510 |
Total liabilities | $0 |
Net assets or fund balances | $27,510 |