Driftwood Charitable Foundation
- Assets
- $37.2k
- Revenue
- $8.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mattapoisett, MA
- Founding
- 01/1998
- Data as of
- 02/2024
- EIN
- 04-3359500
Organization Overview
Driftwood Charitable Foundation is located in Mattapoisett, MA. The organization was established in 1998. 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. Driftwood Charitable 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 02/2024, Driftwood Charitable Foundation generated $8.0 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 (45.5%) each year. All expenses for the organization totaled $18.1k during the year ending 02/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Driftwood Charitable Foundation has awarded 31 individual grants totaling $148,905. 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 |
|---|---|---|---|
Joseph A Ciffolillo Trustee | 0 | $0 | |
Joyce A Ciffolillo Trustee | 0 | $0 | |
Jon A Ciffolillo Trustee | 0 | $0 | |
Joseph N Ciffolillo Trustee | 0 | $0 | |
James A Ciffolillo Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8 |
| 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 | $8 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $69 |
| Total operating and administrative expenses | $7,963 |
| Contributions, gifts, grants paid | $10,150 |
| Total expenses and disbursements | $18,113 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $37,231 |
| 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 | $37,231 |
| 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, Driftwood Charitable Foundation has awarded $10,150 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
FOUNDATION OF MASS EYE EAR PURPOSE: HEALTHCARE | $50 |
HEART OF THE NATION PURPOSE: CHARITABLE CONTRIBUTION | $100 |
ROMAN CATHOLIC DIOCESE OF FALL RIVER PURPOSE: ART | $7,000 |
THE NEMASKET GROUP PURPOSE: CHARITABLE CONTRIBUTION | $3,000 |