Passano Family Foundation
- Assets
- $2.4m
- Revenue
- -$90.7k
- Investments
- $2.3m
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 06/2014
- Data as of
- 12/2022
- EIN
- 46-1499872
Organization Overview
Passano Family Foundation is located in Baltimore, MD. The organization was established in 2014. 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. Passano Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2019, Passano Family Foundation has awarded 40 individual grants totaling $589,000. 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 |
|---|---|---|---|
Catherine Passano Mcdonnell Trustee/chair | 1 | $0 | |
Tamara A Passano Wiggs Trustee | 1 | $0 | |
Sarah R Passano Meech Trustee/vice-Chair/secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $48,316 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$139,018 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$45 |
| Total Revenue | -$90,747 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $51 |
| Taxes | $6,381 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $689 |
| Total operating and administrative expenses | $29,502 |
| Contributions, gifts, grants paid | $151,500 |
| Total expenses and disbursements | $181,002 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $72,763 |
| 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 | $1,420,793 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,368,586 |
| 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, Passano Family Foundation has awarded $151,500 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CATHEDRAL OF MARY OUR QUEEN PURPOSE: GENERAL OPERATIONS. | $9,000 |
GREENLIGHT BALTIMORE PURPOSE: GENERAL OPERATIONS. | $10,000 |
JOHNS HOPKINS UNIVERSITY PURPOSE: GENERAL OPERATIONS. | $5,000 |
MARYLAND CENTER FOR HISTORY AND CULTURE PURPOSE: GENERAL OPERATIONS. | $7,500 |
ST PATRICK'S ROMAN CATHOLIC CHURCH PURPOSE: GENERAL OPERATIONS. | $1,000 |
PRIDE OF BALTIMORE II PURPOSE: GENERAL OPERATIONS. | $5,000 |