Silvene Bracalente Memorial Foundation
- Assets
- $95.3k
- Revenue
- $98.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Trumbauersville, PA
- Founding
- 04/2015
- Data as of
- 12/2023
- EIN
- 47-3551108
Organization Overview
Silvene Bracalente Memorial Foundation is located in Trumbauersville, PA. The organization was established in 2015. 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. Silvene Bracalente Memorial 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, Silvene Bracalente Memorial Foundation generated $98.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $40.6k during the year ending 12/2023. While expenses have increased by 6.5% 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.
Since 2016, Silvene Bracalente Memorial Foundation has awarded 89 individual grants totaling $234,455. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $71,907 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $26,620 |
| Total Revenue | $98,527 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $24,366 |
| Total operating and administrative expenses | $26,620 |
| Contributions, gifts, grants paid | $14,000 |
| Total expenses and disbursements | $40,620 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $95,338 |
| Savings and temporary cash investments | $0 |
| 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 | $95,338 |
| 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, Silvene Bracalente Memorial Foundation has awarded $14,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BETHLEHEM AREA VOCATIONAL-TECHNICAL SCHOOL PURPOSE: GENERAL FUND | $1,000 |
PENN COLLEGE OF TECHNOLOGY PURPOSE: GENERAL FUND | $7,500 |
TEAM EMMA 4EVER FIGHTING CHILDHOOD CANCER PURPOSE: GENERAL FUND | $750 |
UPPER BUCKS COUNTY TECHNICAL SCHOOL PURPOSE: GENERAL FUND | $1,500 |
SOUTHERN LEHIGH HIGH SCHOOL PURPOSE: GENERAL FUND | $1,000 |
PEDIATRIC CANCER FOUNDATION OF THE LEHIGH VALLEY PURPOSE: GENERAL FUND | $250 |