Tony J Difebbo And Jean H Difebbo Educational Foundation
- Assets
- $1.6m
- Revenue
- $125.7k
- Investments
- $1.6m
- Employees
- 0
- Location
- Sparta, NJ
- Founding
- Data as of
- 12/2023
- EIN
- 84-6562023
Organization Overview
Tony J Difebbo And Jean H Difebbo Educational Foundation is located in Sparta, NJ. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tony J Difebbo And Jean H Difebbo Educational 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 12/2023, Tony J Difebbo And Jean H Difebbo Educational Foundation generated $125.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (53.1%) each year. All expenses for the organization totaled $110.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Tony J Difebbo And Jean H Difebbo Educational Foundation has awarded 20 individual grants totaling $145,845. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP AWARDS DIRECTLY TO UNIVERSITIES JOINTLY WITH CHOSEN STUDENTS.- 16
SCHOLARSHIP AWARDS TO TICONDEROGA NY HIGH SCHOOL- 2
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karl L Johnston President/tr | 0 | $2,820 | |
Patricia Johnston Vp-Secretary | 0 | $2,820 | |
Melissa Young Trustee | 0 | $0 | |
Evan Young Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $67,478 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $58,265 |
| Capital Gain Net Income | $62,750 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $125,743 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,640 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,681 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $250 |
| Total operating and administrative expenses | $15,144 |
| Contributions, gifts, grants paid | $94,985 |
| Total expenses and disbursements | $110,129 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $38,462 |
| 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 | $66,542 |
| Net Land, buildings, and equipment | $0 |
| Other assets | -$3,400 |
| Total assets | $1,631,065 |
| 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, Tony J Difebbo And Jean H Difebbo Educational Foundation has awarded $94,985 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
CASTLETON UNIV A WHITFORD PURPOSE: SCHOLARSHIP | $10,000 |
CASTLETON UNIVA LEERKES PURPOSE: SCHOLARSHIP | $2,500 |
LEMOYNE COLLEGE S SMITH PURPOSE: SCHOLARSHIP | $2,500 |
CLARKSON UNIV HORIZONSD FACTEAU PURPOSE: SCHOLARSHIP | $12,000 |
NC COMMUNITY COLLGE A SWAJGER PURPOSE: SCHOLARSHIP | $800 |
SUNY NEW PALTZ M STODDARD PURPOSE: SCHOLARSHIP | $2,500 |