Ingeborg A Biondo Memorial Trust
- Assets
- $1.9m
- Revenue
- $165.0k
- Investments
- $1.5m
- Employees
- 0
- Location
- Milford, PA
- Founding
- 01/1996
- Data as of
- 12/2022
- EIN
- 11-2801015
Organization Overview
Ingeborg A Biondo Memorial Trust is located in Milford, PA. The organization was established in 1996. 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. Ingeborg A Biondo Memorial Trust 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, Ingeborg A Biondo Memorial Trust generated $165.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $165.3k 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 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Ingeborg A Biondo Memorial Trust has awarded 19 individual grants totaling $108,880. 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
SHARING PARTY-ANNUAL CHRISTMAS PARTY FOR CHALLENGED CHILDREN AND THEIR FAMILIES AT MT. HAVEN RESTAURANT.
RESPITE CARE-"BABYSITTING" FOR CHALLENGED INDIVIDUALS TO RELIEVE FAMILY MEMBERS
SUMMER CAMPING (INCLUDING "SUMMER TRIUMPHS") GIVES CHALLENGED CHILDREN THE OPPORTUNITY OF THE CAMP EXPERIENCE DURING THE SUMMER MONTHS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph R Biondo Trustee | 0 | $0 | |
Joseph P Biondo President | 0 | $0 | |
Ronnie Biondo Trustee | 0 | $0 | |
Margaret Schafer Trustee | 0 | $0 | |
Lisa Schleer Trustee | 0 | $0 | |
Kimberly Sabadish Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,898 |
| Interest on Savings | $19,105 |
| Dividends & Interest | $13,991 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $111,008 |
| Capital Gain Net Income | $111,008 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $165,002 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,692 |
| Taxes | $532 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $65,679 |
| Total operating and administrative expenses | $106,928 |
| Contributions, gifts, grants paid | $58,380 |
| Total expenses and disbursements | $165,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $125,483 |
| 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 | $200,000 |
| 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 | $1,858,268 |
| Accounts payable and accrued expenses | $9,150 |
| 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 | $118,744 |
| Total liabilities | $127,894 |
Grants Awarded
Over the last fiscal year, Ingeborg A Biondo Memorial Trust has awarded $58,380 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
COUNTRY ARK FARM PURPOSE: CONTRIBUTION TO BENEFIT PROGRAM PARTICIPANTS WITH DEVELOPMENTAL DISABILITIES (YOUTH PROGRAMS) | $10,000 |
CAMP SPEERS YMCA PURPOSE: CONTRIBUTION TO BENEFIT PROGRAM PARTICIPANTS WITH DEVELOPMENTAL DISABILITIES (YOUTH PROGRAMS) | $48,380 |