Iorio Charitable Foundation
- Assets
- $1.6m
- Revenue
- $52.3k
- Investments
- $1.6m
- Employees
- 0
- Location
- Worcester, MA
- Founding
- 04/1996
- Data as of
- 10/2022
- EIN
- 04-6745180
Organization Overview
Iorio Charitable Foundation is located in Worcester, MA. The organization was established in 1996. According to its NTEE Classification (I99) the organization is classified as: Crime & Legal-Related N.E.C., under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iorio 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 10/2022, Iorio Charitable Foundation generated $52.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (15.1%) each year. All expenses for the organization totaled $129.9k during the year ending 10/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Iorio Charitable Foundation has awarded 115 individual grants totaling $514,500. 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 |
|---|---|---|---|
Sumner B Tilton Jr Trustee | 0 | $0 | |
Dorothy Iorio Trustee | 0 | $0 | |
Theodore L Iorio Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $45 |
| Dividends & Interest | $50,679 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,531 |
| Capital Gain Net Income | $1,531 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $52,255 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,869 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $83 |
| Total operating and administrative expenses | $19,888 |
| Contributions, gifts, grants paid | $110,000 |
| Total expenses and disbursements | $129,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,236 |
| Savings and temporary cash investments | $42 |
| 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 | $1,634,622 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,635,900 |
| 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, Iorio Charitable Foundation has awarded $110,000 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: GENERAL SUPPORT | $20,000 |
PARENTS OF PS9 COUNT ME IN PURPOSE: GENERAL SUPPORT | $7,000 |
JOHN J AHERN MIDDLE SCHOOL PARENT A PURPOSE: GENERAL SUPPORT | $7,000 |
FOXBOROUGH HIGH SCHOOL PURPOSE: GENERAL SUPPORT | $7,000 |
New York, NY PURPOSE: GENERAL SUPPORT | $7,000 |
MILLIS MIDDLE HIGH SCHOOL PURPOSE: GIFT ACCOUNT GENERAL SUPPORT | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fjc New York, NY | $381,397,057 | $65,059,967 |
Eac Inc Garden City, NY | $14,001,603 | $28,648,981 |
Community Legal Aid Inc Worcester, MA | $10,705,737 | $16,466,867 |
I Have A Dream Foundation New York, NY | $4,280,533 | $3,609,855 |
Cfa Society Boston Inc Boston, MA | $5,288,449 | $2,072,624 |
Justice Assistance Cranston, RI | $354,548 | $1,128,729 |
Childrens Law Center Inc Hartford, CT | $1,609,797 | $1,213,365 |
Storeworkers Security Plan Astoria, NY | $7,344,945 | $430,154 |
The Eder Family Foundation Inc West Haven, CT | $5,987,056 | $349,537 |
New York International Arbitration Center Inc New York, NY | $526,912 | $446,398 |
Judicial Process Commission Inc Rochester, NY | $129,710 | $296,611 |
Franklin N Flaschner Judicial Institute Inc Boston, MA | $3,912,700 | -$50,111 |