David J Mastrocola Foundation
- Assets
- $289.4k
- Revenue
- $92.9k
- Investments
- $242.2k
- Employees
- 0
- Location
- Plainview, NY
- Founding
- 04/1999
- Data as of
- 12/2023
- EIN
- 13-4036266
Organization Overview
David J Mastrocola Foundation is located in Plainview, NY. The organization was established in 1999. 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. David J Mastrocola 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 12/2023, David J Mastrocola Foundation generated $92.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (25.8%) each year. All expenses for the organization totaled $203.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, David J Mastrocola Foundation has awarded 39 individual grants totaling $938,190. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,834 |
| Interest on Savings | $0 |
| Dividends & Interest | $39,093 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,013 |
| Capital Gain Net Income | $3,013 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $92,940 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $620 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $420 |
| Total operating and administrative expenses | $1,040 |
| Contributions, gifts, grants paid | $202,885 |
| Total expenses and disbursements | $203,925 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $47,144 |
| 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 | $225,180 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $289,352 |
| 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, David J Mastrocola Foundation has awarded $202,885 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN MUSEUM OF NATURAL HISTORY PURPOSE: GENERAL | $275 |
NATIONAL MS SOCIETY PURPOSE: GENRAL | $1,000 |
SAVE THE CHILDREN PURPOSE: GENERAL | $25,417 |
ST DAVID'S SCHOOL PURPOSE: GENERAL | $50,455 |
QUOGUE WILDLIFE REFUGE PURPOSE: GENERAL | $550 |
BOSTON COLLEGE PURPOSE: GENERAL | $125,188 |