Lancelotta Foundation Inc
- Assets
- $1.0m
- Revenue
- $135.6k
- Investments
- $968.9k
- Employees
- 0
- Location
- Ellicott City, MD
- Founding
- 06/1988
- Data as of
- 12/2021
- 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 12/2021, Lancelotta Foundation Inc generated $135.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $136.6k during the year ending 12/2021. While expenses have increased by 8.9% per year over the past 4 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 2020, Lancelotta Foundation Inc has awarded 87 individual grants totaling $271,600. 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 |
|---|---|---|---|
Frank R Lancelotta III Vice President | 1 | $0 | |
John M Lancelotta Vice President | 1 | $0 | |
Nicholas M Pirone III President | 2 | $0 | |
Mary Frances Haskell Treasurer | 2 | $0 | |
Robert J Lancelotta Jr Director | 1 | $0 | |
Theresa Pirone Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10,834 |
| Dividends & Interest | $27,597 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $97,192 |
| Capital Gain Net Income | $97,192 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $135,623 |
| 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 | $136,600 |
| Total expenses and disbursements | $136,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $74,056 |
| 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 | $483,846 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,042,946 |
| 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 $136,600 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
OUR LADY'S CENTER INC PURPOSE: GENERAL SUPPORT | $22,000 |
MT ST JOSEPH HIGH SCHOOL PURPOSE: GENERAL SUPPORT | $10,600 |
JOHN'S HOPKINS UNIVERSITY PURPOSE: GENERAL SUPPORT | $10,000 |
SKY HIGH FOR KIDS PURPOSE: GENERAL SUPPORT | $9,440 |
Spring, TX PURPOSE: GENERAL SUPPORT | $7,605 |
ST JUDE CHILDREN'S HOSPITAL PURPOSE: GENERAL SUPPORT | $6,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Msi-Us Washington, DC | $1,301,607 | $71,292,993 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
Bhp Foundation Washington, DC | $309,092,778 | $68,102,954 |
Wyss Medical Foundation Inc Washington, DC | $41,278,790 | $827,503 |
Service Coordination Inc Frederick, MD | $19,156,790 | $52,158,150 |
Sarah Scaife Foundation Inc Pittsburgh, PA | $645,014,499 | $79,121,296 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |