Jimmy Martello Foundation
- Assets
- $33.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Towaco, NJ
- Founding
- 09/2002
- Data as of
- 12/2022
- EIN
- 55-0788789
Organization Overview
Jimmy Martello Foundation is located in Towaco, NJ. The organization was established in 2002. According to its NTEE Classification (T30) the organization is classified as: Public 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. Jimmy Martello 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 12/2022, Jimmy Martello Foundation generated $3.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (27.3%) each year. All expenses for the organization totaled $7.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (21.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
SCHOLARSHIPS PROVIDED TO COLLEGE STUDENTS FROM KINNELON HS WHERE JIMMY MARTELLO ATTENDING HIGH SCHOOL. IN 2022, WE CONTRIBUTED A TOTAL OF $7,500 TO THREE (3) INDIVIDUALS FOR THE FOLLOWING UNIVERSITY'S: UNIVERSITY OF ARIZONA, GETTYSBURG COLLEGE, AND LOYOLA UNIVERSITY IN MARYLAND
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W Allan Meytrott Jr CPA Trustee | 0 | $0 | |
Alex Martello III Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $3,001 |
| Other Revenue | $211 |
| Total Revenue | $3,212 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $7,500 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $33,921 |
| Other assets | $0 |
| Total assets | $33,921 |
| Total liabilities | $0 |
| Net assets or fund balances | $33,921 |
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