Piccolo Family Charitable Foundation Inc
- Assets
- $1.4m
- Revenue
- $151.6k
- Investments
- $1.3m
- Employees
- 0
- Location
- Malden, MA
- Founding
- 04/2005
- Data as of
- 12/2022
- EIN
- 05-0585675
Organization Overview
Piccolo Family Charitable Foundation Inc is located in Malden, MA. The organization was established in 2005. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Piccolo Family Charitable Foundation Inc 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 12/2022, Piccolo Family Charitable Foundation Inc generated $151.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $221.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Piccolo Family Charitable Foundation Inc has awarded 187 individual grants totaling $1,176,236. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO 501(C)(3) ORGANIZATIONS, MELROSE AND MALDEN CITY AGENCIES AND SCHOLARSHIPS FOR DESERVING STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
C Henry Kezer ESQ President | 1 | $5,000 | |
Laura L Hodgin Treasurer | 1 | $5,000 | |
Deborah E Gaff Director | 1 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,076 |
| Dividends & Interest | $24,157 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $120,374 |
| Capital Gain Net Income | $120,374 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $151,607 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $648 |
| Interest | $0 |
| Taxes | $3,767 |
| Depreciation | $0 |
| Occupancy | $8,438 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,407 |
| Total operating and administrative expenses | $79,731 |
| Contributions, gifts, grants paid | $142,000 |
| Total expenses and disbursements | $221,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,397 |
| Savings and temporary cash investments | $0 |
| 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 | $1,376,020 |
| 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, Piccolo Family Charitable Foundation Inc has awarded $142,000 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
BATES COLLEGE PURPOSE: PROVIDE FUNDS TO SUPPORT THE ENTITY'S CHARITABLE WORK | $5,000 |
ALEX'S TEAM FOUNDATION INC PURPOSE: PROVIDE FUNDS TO SUPPORT THE ENTITY'S CHARITABLE WORK | $5,000 |
CITY OF MELROSE PURPOSE: PROVIDE FUNDS TO SUPPORT THE ENTITY'S CHARITABLE WORK | $5,000 |
AMERICAN CANCER SOCIETY PURPOSE: PROVIDE FUNDS TO SUPPORT THE ENTITY'S CHARITABLE WORK | $1,000 |
COMMUNITY FAMILY INC PURPOSE: PROVIDE FUNDS TO SUPPORT THE ENTITY'S CHARITABLE WORK | $10,000 |
COMMUNITY COOKS PURPOSE: PROVIDE FUNDS TO SUPPORT THE ENTITY'S CHARITABLE WORK | $2,500 |