Barbara & Julian Cherubini Foundation
- Assets
- $11.6m
- Revenue
- $478.8k
- Investments
- $10.8m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- Data as of
- 12/2023
- EIN
- 86-2726147
Organization Overview
Barbara & Julian Cherubini Foundation is located in Wilmington, DE. 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. Barbara & Julian Cherubini 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, Barbara & Julian Cherubini Foundation generated $478.8k 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 (64.5%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexandra A Cherubini Dir, Sec | 2 | $0 | |
Barbara A Cherubini Dir, Pres | 2 | $0 | |
Nicole A Cherubini Dir, Treas | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $52,794 |
| Dividends & Interest | $238,463 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $186,419 |
| Capital Gain Net Income | $1,358,367 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,137 |
| Total Revenue | $478,813 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,400 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,434 |
| Total operating and administrative expenses | $90,600 |
| Contributions, gifts, grants paid | $1,015,000 |
| Total expenses and disbursements | $1,105,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $766,215 |
| Net Accounts receivable | $1,390 |
| 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 | $86,784 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,566,179 |
| 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, Barbara & Julian Cherubini Foundation has awarded $1,015,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
INSTITUTE OF CONTEMPORARY ART PURPOSE: FUND FOR THE FUTURE II | $20,000 |
MASSACHUSETTS GENERAL HOSPITAL PURPOSE: CHERUBINI FAMILY ENDOWED CHAIR IN NEUROLOGY FUND | $675,000 |
MICHAEL J FOX FOUNDATION FOR PARKINSONS RESEARCH PURPOSE: SHUCK PARKINSONS FUND | $300,000 |
RHODE ISLAND SCHOOL OF DESIGN PURPOSE: CERAMIC DEPARTMENT SCHOLARSHIP FUND | $20,000 |