Frank And Rena Priolo Foundation
- Assets
- $789.6k
- Revenue
- $103.9k
- Investments
- $722.1k
- Employees
- 0
- Location
- Chalfont, PA
- Founding
- 11/2014
- Data as of
- 12/2023
- EIN
- 47-2211809
Organization Overview
Frank And Rena Priolo Foundation is located in Chalfont, PA. The organization was established in 2014. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frank And Rena Priolo 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, Frank And Rena Priolo Foundation generated $103.9k in total revenue. All expenses for the organization totaled $37.3k during the year ending 12/2023. While expenses have increased by 28.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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 |
|---|---|---|---|
Martin A Priolo President And Secretary | 0 | $0 | |
Richard F Priolo Vice-President And Treasur | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $85,705 |
| Interest on Savings | $0 |
| Dividends & Interest | $18,277 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$34 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $103,948 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $525 |
| Total operating and administrative expenses | $12,285 |
| Contributions, gifts, grants paid | $25,000 |
| Total expenses and disbursements | $37,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,264 |
| Savings and temporary cash investments | $66,206 |
| 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 | $789,582 |
| 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, Frank And Rena Priolo Foundation has awarded $25,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BUCKS COUNTY ASSOCIATION FOR THE BLIND PURPOSE: OPERATIONS | $5,000 |
GUIDING EYES FOR THE BLIND PURPOSE: TRAINING BUDGET | $5,000 |
OVERBROOK SCHOOL FOR THE BLIND PURPOSE: OPERATIONS | $5,000 |
WILLIAMSON COLLEGE OF THE TRADES PURPOSE: OPERATIONS | $10,000 |