Joann Denapoli Charitable Foundation Inc
- Assets
- $4.2m
- Revenue
- $262.8k
- Investments
- $4.0m
- Employees
- 0
- Location
- Waltham, MA
- Founding
- 06/2016
- Data as of
- 12/2021
- EIN
- 81-2009455
Organization Overview
Joann Denapoli Charitable Foundation Inc is located in Waltham, MA. The organization was established in 2016. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Joann Denapoli Charitable 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, Joann Denapoli Charitable Foundation Inc generated $262.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $120.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Joann Denapoli Charitable Foundation Inc has awarded 55 individual grants totaling $287,602. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS MAKING DONATIONS TO VARIOUS ORGANIZATIONS THAT THE ORIGINAL DONOR REQUESTED IN HER ESTATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Mpoliti ESQ President/treasurer/direct | 10 | $12,300 | |
Kara Anne Humm ESQ Director | 2 | $225 | |
George Wmalloy CPA Clerk Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $81,096 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $181,680 |
| Capital Gain Net Income | $181,680 |
| Net ST Capital Gain | $10,747 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $262,776 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,525 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,386 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $139 |
| Total operating and administrative expenses | $31,685 |
| Contributions, gifts, grants paid | $88,695 |
| Total expenses and disbursements | $120,380 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $154,844 |
| 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 | $4,165,354 |
| 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, Joann Denapoli Charitable Foundation Inc has awarded $88,695 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
UMASS AMHERST PURPOSE: CHARITABLE CONTRIBUTION | $68,000 |
ARLINGTON BOYS AND GIRLS CLUB PURPOSE: CHARITABLE CONTRIBUTION | $4,500 |
THE JIMMY FUNDDANA-FARBER PURPOSE: CHARITABLE CONTRIBUTION | $3,875 |
NEW ENGLAND INNOCENSE PROJECT PURPOSE: CHARITABLE CONTRIBUTION | $2,500 |
Virginia Beach, VA PURPOSE: CHARITABLE CONTRIBUTION | $1,500 |
Kissimmee, FL PURPOSE: CHARITABLE CONTRIBUTION | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Comic Relief Inc New York, NY | $28,941,799 | $35,831,552 |
Givinga Foundation Inc Wellesley, MA | $2,876,364 | $15,849,424 |
Justgive Inc Weston, CT | $5,012,575 | $11,301,311 |
Clara Lionel Foundation New York, NY | $44,086,810 | $23,596,509 |
Visionspring New York, NY | $15,269,850 | $12,679,680 |
America Gives Inc New York, NY | $1,069,288 | $7,827,978 |
Foundations In Education Inc Bridgeport, CT | $36,181,181 | $11,526,982 |
Grant Recommendation Fund Spring Valley, NY | $460,055 | $4,767,095 |
The Catherine Jefferson Foundation Darien, CT | $18,987,801 | $13,741,460 |
Bikoff Foundation Whitestone, NY | $65,723,002 | $14,790,071 |
Giving Tuesday Inc Brooklyn, NY | $1,987,227 | $3,527,479 |
The Meringoff Family Foundation Inc New York, NY | $455,360 | $3,000,005 |