Lancelotta Foundation Inc
- Assets
- $987.5k
- Revenue
- $87.1k
- Investments
- $866.4k
- Employees
- 0
- Location
- Ellicott City, MD
- Founding
- 06/1988
- Data as of
- 12/2022
- EIN
- 52-1558269
Organization Overview
Lancelotta Foundation Inc is located in Ellicott City, MD. The organization was established in 1988. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Lancelotta Foundation Inc 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 12/2022, Lancelotta Foundation Inc generated $87.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $142.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Lancelotta Foundation Inc has awarded 139 individual grants totaling $414,200. 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 |
|---|---|---|---|
Nicholas M Pirone III President | 2 | $0 | |
Frank R Lancelotta III Vice President | 1 | $0 | |
John M Lancelotta Vice President | 1 | $0 | |
Mary Frances Haskell Treasurer | 2 | $0 | |
Jeannie Hoyt Secretary | 1 | $0 | |
Theresa Pirone Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,214 |
| Dividends & Interest | $48,949 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $31,969 |
| Capital Gain Net Income | $31,969 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $87,132 |
| 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 | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $142,600 |
| Total expenses and disbursements | $142,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $121,075 |
| 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 | $381,359 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $987,478 |
| 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, Lancelotta Foundation Inc has awarded $142,600 in support to 52 organizations.
| Grant Recipient | Amount |
|---|---|
ASSOCIATED ITALIAN AMERICAN CHARITIES PURPOSE: GENERAL SUPPORT | $3,000 |
ASSOCIATEION OF THE MIRACULOUS MEDAL PURPOSE: GENERAL SUPPORT | $2,000 |
BELIEVE IN TOMORROW'S CHILDREN PURPOSE: GENERAL SUPPORT | $2,000 |
BLUE WATER BALTIMORE PURPOSE: GENERAL SUPPORT | $2,000 |
BOYS SCOUTS OF AMERICA TROOP 320 PURPOSE: GENERAL SUPPORT | $450 |
BRIDGING LIFE PURPOSE: GENERAL SUPPORT | $2,500 |