Andrew J Natale Family Foundation
- Assets
- $20.5k
- Revenue
- $1.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Mount Pleasant, SC
- Founding
- 08/2017
- Data as of
- 12/2021
- EIN
- 82-1779604
Organization Overview
Andrew J Natale Family Foundation is located in Mount Pleasant, SC. The organization was established in 2017. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Andrew J Natale Family 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 12/2021, Andrew J Natale Family Foundation generated $1.9k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $21.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION INTENDS TO MAKE DONATIONS TO THE DIOCESE OF CLEVELAND CATHOLIC YOUTH ORG. & VARIOUS DIOCESE OF CLEVELAND PARISHES TO BE DETERMINED BASED ON NEEDS FROM YEAR TO YEAR TO FURTHER THE FAITH FORMATION OF YOUNG MEN PARTICIPATING IN DIOCESES OF CLEVELAND YOUTH SPORTS PROGRAMS.
THE GRANTS & GIFTS FROM THE FOUNDATION ARE INTENDED TO BENEFIT THE FAITH FORMATION & ONGOING CATHOLIC-BASED EDUCATION OF YOUNG MEN. FURTHERMORE, THE FOUNDATION INTENDS TO MAKE THE DONATIONS & GRANTS TO FUND EDUCATION OF YOUNG MEN WHO PURSUE VOCATIONS IN THE CATHOLIC CHURCH, INCLUDING PRIESTS & DEACONS.
THE FOUNDATION INTENDS TO MAKE DONATIONS TO AFTERSCHOOL PROGRAMS DESIGNED TO ATTRACT HIGH STUDENTS INTO PURSUING CAREERS IN THE ARCHITECTURE, CONSTRUCTION AND ENGINEERING INDUSTY, INCLUDING SKILLED TRADES BASED ON NEEDS FROM YEAR TO YEAR TO FURTHER THE EDUCATION OF MINORITIES AND FIRST GENERATION COLLEGE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew J Natale Director | 10 | $0 | |
Melissa Natale Director | 5 | $0 | |
Timothy Natale Director | 5 | $0 | |
Domenic Natale Director | 5 | $0 | |
Carl Natale Director | 5 | $0 | |
Lynette Nied Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,850 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| 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 | $1,850 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $50 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,865 |
| Total operating and administrative expenses | $4,515 |
| Contributions, gifts, grants paid | $16,705 |
| Total expenses and disbursements | $21,220 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,451 |
| 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 | $20,451 |
| 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, Andrew J Natale Family Foundation has awarded $16,705 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ST JEROME ELEMENTARY SCHOOL PURPOSE: CHARITABLE PURPOSE. | $8,705 |
COLE BOSTICK PURPOSE: SCHOLARSHIP GRANT FOR EDUCATIONAL PURPOSES. | $5,000 |
ACE MENTOR PROGRAM OF CLEVELAND PURPOSE: CHARITABLE PURPOSE. | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goodnight Educational Foundation Cary, NC | $149,468,750 | $4,782,379 |
Foundation For A Better World Inc Marietta, GA | $167,606,554 | $6,349,362 |
Skeebo Foundation Charlotte, NC | $58,827,572 | $60,108,534 |
Darnall W Boyd Foundation Inc Columbia, SC | $0 | $6,239,520 |
Grizzard Family Foundation Inc Stone Mountain, GA | $7,597,688 | $166,630 |
Spring Foundation Inc Atlanta, GA | $104,160,284 | -$7,184,259 |
The Williams Brice Edwards Charitable Trust Sumter, SC | $57,951,375 | $6,028,487 |
The Scott Hudgens Family Foundation Inc Duluth, GA | $0 | $7,703,530 |
The Gift Of Hope Foundation Inc Roswell, GA | $66,505,995 | $8,440,568 |
Edus H & Harriet H Warren Foundation Inc Atlanta, GA | $0 | $46,804 |
William Howard Flowers Jr Thomasville, GA | $119,914,251 | $6,796,177 |
Wade L Layton Charitable Trust Savannah, GA | $6,847,787 | $1,861,389 |