Joseph D Loconti Foundation
- Assets
- $6.1m
- Revenue
- $279.3k
- Investments
- $5.6m
- Employees
- 0
- Location
- Manchester, NH
- Founding
- 05/2019
- Data as of
- 06/2022
- EIN
- 83-2623601
Organization Overview
Joseph D Loconti Foundation is located in Manchester, NH. The organization was established in 2019. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joseph D Loconti 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 06/2022, Joseph D Loconti Foundation generated $279.3k 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 (54.1%) each year.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachael Garvey Trustee | 0 | $0 | |
Jo Anne Garvey Trustee | 0 | $0 | |
Joseph Rossi Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $374 |
| Dividends & Interest | $207,936 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $66,000 |
| Capital Gain Net Income | $66,000 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,000 |
| Total Revenue | $279,310 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,650 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $75 |
| Total operating and administrative expenses | $32,931 |
| Contributions, gifts, grants paid | $1,000,000 |
| Total expenses and disbursements | $1,032,931 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1 |
| Savings and temporary cash investments | $527,157 |
| 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 | $6,085,801 |
| 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, Joseph D Loconti Foundation has awarded $135,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
NEW HAPSHIRE FOOD BANK PURPOSE: GENERAL USE OF THE ORGANIZATION | $100,000 |
BORN TO RUN PURPOSE: GENERAL USE OF THE ORGANIZATION | $25,000 |
Concord, NH PURPOSE: GENERAL USE OF THE ORGANIZATION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Waypoint Manchester, NH | $32,573,224 | $19,134,809 |
Capstone Community Action Inc Barre, VT | $12,760,181 | $16,370,682 |
Roxbury Tenants Of Harvard Association Inc Boston, MA | $107,579,482 | $10,061,394 |
Waldo Community Action Partners Belfast, ME | $14,143,025 | $19,879,626 |
Catholic Charities Of The Diocese Of Fall River Massachusetts Inc Fall River, MA | $7,496,245 | $12,740,574 |
Catholic Charities Diocese Of Worcester Inc Worcester, MA | $14,992,704 | $11,466,472 |
Centro Las Americas Inc Worcester, MA | $3,132,302 | $10,598,181 |
Marthas Vineyard Community Services Inc Vineyard Haven, MA | $23,768,011 | $12,216,383 |
Vertex Foundation Inc Boston, MA | $5,076,822 | $15,007,934 |
Rogerson Communities Boston, MA | $47,463,639 | $10,337,482 |
St Boniface Haiti Foundation Inc Newton, MA | $12,232,493 | $9,069,662 |
North East Kingdom Community Action Inc Newport, VT | $4,712,717 | $8,659,895 |