Charles & Jennie Modica Foundation Inc
- Assets
- $245.9k
- Revenue
- $10.1k
- Investments
- $242.5k
- Employees
- 0
- Location
- Orlando, FL
- Founding
- 04/1985
- Data as of
- 05/2024
- EIN
- 11-2722123
Organization Overview
Charles & Jennie Modica Foundation Inc is located in Orlando, FL. The organization was established in 1985. 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. Charles & Jennie Modica 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 05/2024, Charles & Jennie Modica Foundation Inc generated $10.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $14.7k during the year ending 05/2024. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9,861 |
| Dividends & Interest | $3,585 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,355 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,091 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,369 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,004 |
| Total operating and administrative expenses | $11,258 |
| Contributions, gifts, grants paid | $3,474 |
| Total expenses and disbursements | $14,732 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,244 |
| Savings and temporary cash investments | $2,155 |
| 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 | $8,400 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $245,922 |
| 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, Charles & Jennie Modica Foundation Inc has awarded $3,474 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ASPCA PURPOSE: DONATION | $200 |
CANINE ESTATES PURPOSE: DONATION | $200 |
CAVALIER RESCUE OF FLORIDA PURPOSE: DONATION | $2,000 |
CLEARWATER MARINE AQUARIUM PURPOSE: DONATION | $100 |
HOSPICE OF THE COMFORTER PURPOSE: DONATION | $100 |
ST JUDES HOSPITAL PURPOSE: DONATION | $200 |