Jerold J & Marjorie N Principato Foundation Inc
- Assets
- $3.1m
- Revenue
- $60.3k
- Investments
- $3.0m
- Employees
- 0
- Location
- Chevy Chase, MD
- Founding
- 03/1996
- Data as of
- 12/2022
- EIN
- 52-1960863
Organization Overview
Jerold J & Marjorie N Principato Foundation Inc is located in Chevy Chase, MD. The organization was established in 1996. 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. Jerold J & Marjorie N Principato 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, Jerold J & Marjorie N Principato Foundation Inc generated $60.3k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $179.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jerold J & Marjorie N Principato Foundation Inc has awarded 384 individual grants totaling $821,712. 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 |
|---|---|---|---|
Deborah Jessiman Director | 15 | $40,000 | |
Jerold Principato Director | 0 | $0 | |
Michael Lindsey Director | 0 | $0 | |
John Lindsey Director | 0 | $0 | |
Matthew Lindsey Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $69,498 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$9,150 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $60,348 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,145 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $28,621 |
| Total operating and administrative expenses | $71,766 |
| Contributions, gifts, grants paid | $108,090 |
| Total expenses and disbursements | $179,856 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,112 |
| 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 | $3,021,014 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,055,126 |
| 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, Jerold J & Marjorie N Principato Foundation Inc has awarded $108,090 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
WASHINGTON NATIONAL CATHEDRAL PURPOSE: GENERAL GRANT | $20,000 |
Landover, MD PURPOSE: GENERAL GRANT | $20,000 |
SPIRIT OF AMERICA PURPOSE: GENERAL GRANT | $19,500 |
Washington, DC PURPOSE: GENERAL GRANT | $5,350 |
Bethesda, MD PURPOSE: GENERAL GRANT | $5,000 |
ST ALBANS SCHOOL PURPOSE: GENERAL GRANT | $4,500 |
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 |