Acierno Family Foundation
- Assets
- $8.7m
- Revenue
- $169.2k
- Investments
- $8.7m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 05/2019
- Data as of
- 12/2022
- EIN
- 82-3460019
Organization Overview
Acierno Family Foundation is located in Wilmington, DE. The organization was established in 2019. 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. Acierno 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 12/2022, Acierno Family Foundation generated $169.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (11.6%) each year. All expenses for the organization totaled $675.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Acierno Family Foundation has awarded 52 individual grants totaling $1,610,000. 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 |
|---|---|---|---|
Michael A Acierno Director/president/treasur | 1 | $0 | |
John J Yannacone Director/vice-President/se | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,288 |
| Dividends & Interest | $226,895 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$60,029 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $169,154 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,130 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,121 |
| Total operating and administrative expenses | $75,469 |
| Contributions, gifts, grants paid | $600,000 |
| Total expenses and disbursements | $675,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $71,166 |
| 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 | $7,400 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,756,096 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $10,361 |
| Total assets | $8,743,258 |
| 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, Acierno Family Foundation has awarded $600,000 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ASSOCIATION PURPOSE: THE FURTHERANCE OF CHARITABLE PROGRAMS | $25,000 |
CATHOLIC CHARITIES USA PURPOSE: THE FURTHERANCE OF CHARITABLE PROGRAMS | $60,000 |
DELAWARE ART MUSEUM PURPOSE: THE FURTHERANCE OF CHARITABLE PROGRAMS | $50,000 |
DO IT FOR THE LOVE FOUNDATION PURPOSE: THE FURTHERANCE OF CHARITABLE PROGRAMS | $25,000 |
EPILEPSY FOUNDATION OF DELAWARE PURPOSE: THE FURTHERANCE OF CHARITABLE PROGRAMS | $10,000 |
FOOD BANK OF DELAWARE PURPOSE: THE FURTHERANCE OF CHARITABLE PROGRAMS | $60,000 |