Lawrence R & Patricia A Paretta Foundation Inc
- Assets
- $326.0k
- Revenue
- $18.9k
- Investments
- $272.2k
- Employees
- 0
- Location
- Port St Lucie, FL
- Founding
- 07/1997
- Data as of
- 12/2022
- EIN
- 65-0754994
Organization Overview
Lawrence R & Patricia A Paretta Foundation Inc is located in Port St Lucie, FL. The organization was established in 1997. 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. Lawrence R & Patricia A Paretta 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, Lawrence R & Patricia A Paretta Foundation Inc generated $18.9k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $10.5k during the year ending 12/2022. While expenses have increased by 3.6% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence R Paretta Director, Pr | 2 | $0 | |
Patricia A Paretta Director, VP | 2 | $0 | |
Robert A Stamen Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,000 |
| Interest on Savings | $65 |
| Dividends & Interest | $8,874 |
| 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 | $0 |
| Total Revenue | $18,939 |
| 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 | $61 |
| Total operating and administrative expenses | $1,531 |
| Contributions, gifts, grants paid | $9,000 |
| Total expenses and disbursements | $10,531 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,741 |
| 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 | $325,983 |
| 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, Lawrence R & Patricia A Paretta Foundation Inc has awarded $9,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
WOUNDED WARRIOR PROJECT PURPOSE: RECOVERY OF INJURED SERVICE MEMBERS | $500 |
STEPHENS COLLEGE PURPOSE: TO SUPPORT GENERAL SCHOLARSHIP FUND | $2,000 |
AIR AND SPACE FORCES ASSOCIATION PURPOSE: TO SUPPORT EDUCATION | $500 |
ST JUDE CHILDREN'S RESEARCH HOSPIT PURPOSE: TO SUPPORT CANCER RESEARCH & TREATM | $2,000 |
MAYO CLINIC PURPOSE: TO SUPPORT CANCER RESEARCH | $3,000 |
SHRINERS HOSPITAL FOR CHILDREN PURPOSE: TO SUPP. RESEARCH & CHILDREN TREATM. | $500 |