Loconte Family Charitable Foundation
- Assets
- $11.3m
- Revenue
- $1.5m
- Investments
- $8.0m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 05/2014
- Data as of
- 12/2021
- EIN
- 46-3991482
Organization Overview
Loconte Family Charitable Foundation is located in Wilmington, DE. The organization was established in 2014. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., 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. Loconte 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 12/2021, Loconte Family Charitable Foundation generated $1.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $345.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Loconte Family Charitable Foundation has awarded 26 individual grants totaling $3,062,356. 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 |
|---|---|---|---|
Gabriella Loconte Dir, VP | 5 | $50,000 | |
Anthony Loconte Dir, Pres | 1 | $0 | |
Mary Loconte Dir, Treas, VP | 1 | $0 | |
Jessica Sansotta Dir, Sec | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $646 |
| Dividends & Interest | $126,950 |
| Net Rental Income | $71,787 |
| Net Gain on Sale of Assets | $1,192,656 |
| Capital Gain Net Income | $1,192,656 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,455,358 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $5,020 |
| Interest | $9 |
| Taxes | $67,056 |
| Depreciation | $22,792 |
| Occupancy | $3,214 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $46,004 |
| Total operating and administrative expenses | $199,473 |
| Contributions, gifts, grants paid | $146,000 |
| Total expenses and disbursements | $345,473 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,187,022 |
| 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 | $1,133,085 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,340,879 |
| 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 | $15,155 |
| Total liabilities | $15,155 |
Grants Awarded
Over the last fiscal year, Loconte Family Charitable Foundation has awarded $146,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
NEW JERSEY COMMUNITY DEVELOPMENT CORPORATION INC PURPOSE: LOU COSTELLO PARK | $100,000 |
Little Falls, NJ PURPOSE: GENERAL & UNRESTRICTED | $20,000 |
LIGHT PRESBYTERIAN CHURCH INC PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Hoboken, NJ PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
NORTHWELL HEALTH FOUNDATION PURPOSE: COHEN CHILDREN'S MEDICAL CENTER | $5,000 |
ST JOSEPHS HOSPITAL AND MEDICAL CENTER FOUNDATION PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foodbank Of Monmouth And Ocean Counties Inc Neptune, NJ | $23,534,641 | $40,812,179 |
The Montgomery County Coalition For The Homeless Inc Rockville, MD | $3,846,853 | $18,504,232 |
Merakey New Jersey Inc Lafayette Hill, PA | $3,333,906 | $18,038,178 |
Friends Home At Woodstown Inc Woodstown, NJ | $21,975,067 | $12,213,479 |
St Edmonds Home For Crippled Children Philadelphia, PA | $49,721,966 | $18,318,758 |
Senior Community Services Inc Lakewood, NJ | $636,384 | $10,329,992 |
Newlands Health Philadelphia, PA | $1,159,090 | $8,229,782 |
Janet H And C Harry Knowles Foundation Inc Moorestown, NJ | $83,707,741 | $6,312,977 |
Transitional Services Inc Homestead, PA | $10,014,611 | $8,842,162 |
New Jersey Reentry Jersey City, NJ | $4,380,691 | $8,275,013 |
Emmaus Community Of Pittsburgh Pittsburgh, PA | $6,056,245 | $6,901,501 |
Commission On Case Manager Certification Mt Laurel, NJ | $5,786,406 | $5,906,549 |