Banucci Family Foundation
- Assets
- $764.7k
- Revenue
- $38.6k
- Investments
- $720.5k
- Employees
- 0
- Location
- Scottsdale, AZ
- Founding
- 02/2015
- Data as of
- 12/2023
- EIN
- 47-1388401
Organization Overview
Banucci Family Foundation is located in Scottsdale, AZ. The organization was established in 2015. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Banucci 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.
For the year ending 12/2023, Banucci Family Foundation generated $38.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $67.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Banucci Family Foundation has awarded 39 individual grants totaling $459,890. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eugene G Banucci Director | 0 | $0 | |
Phyllis W Banucci Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $25,589 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,025 |
| Capital Gain Net Income | $13,025 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $38,614 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,097 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,165 |
| Total operating and administrative expenses | $12,137 |
| Contributions, gifts, grants paid | $55,000 |
| Total expenses and disbursements | $67,137 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $38,200 |
| 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 | $6,065 |
| Total assets | $764,744 |
| 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, Banucci Family Foundation has awarded $55,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ARIZONA MUSICFEST PURPOSE: ASSIST IN COMMUNITY PROGRAMS BY PROVIDING THERAPEUTIC ENVIRONMENT FOR ADOLESCENTS. | $1,000 |
FAMILY PROMISE OF GREATER PHOENIX PURPOSE: ASSIST IN COMMUNITY PROGRAMS. | $22,000 |
FRIENDS OF PUBLIC RADIO PURPOSE: ASSIST IN COMMUNITY PROGRAMS. | $1,000 |
METROWEST WOMEN'S FUND PURPOSE: ASSIST IN COMMUNITY PROGRAMS. | $30,000 |
FOREST HIGHLANDS FOUNDATION PURPOSE: ASSIST IN COMMUNITY PROGRAMS. | $500 |
ARIZONA COMMUNITY FOUNDATION PURPOSE: ASSIST IN COMMUNITY PROGRAMS. | $500 |