Charles A Mastronardi Charitable Foundation
- Assets
- $16.3m
- Revenue
- $1.4m
- Investments
- $15.2m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 12/1964
- Data as of
- 12/2023
- EIN
- 13-6167916
Organization Overview
Charles A Mastronardi Charitable Foundation is located in Wilmington, DE. The organization was established in 1964. 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 A Mastronardi 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 12/2023, Charles A Mastronardi Charitable Foundation generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 0.1% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Charles A Mastronardi Charitable Foundation has awarded 88 individual grants totaling $983,702. 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 |
|---|---|---|---|
Val Mastronardi Vice President | 1 | $0 | |
Dr Noel Defelippo President | 1 | $0 | |
Margaret Mastronardi Vice President | 1 | $0 | |
David Turino Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,547 |
| Interest on Savings | $12,009 |
| Dividends & Interest | $379,925 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $981,647 |
| Capital Gain Net Income | $981,647 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $11,626 |
| Total Revenue | $1,387,754 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,954 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,000 |
| Printing and publications | $0 |
| Other expenses | $792 |
| Total operating and administrative expenses | $175,477 |
| Contributions, gifts, grants paid | $1,010,060 |
| Total expenses and disbursements | $1,185,537 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$292 |
| Savings and temporary cash investments | $1,100,018 |
| 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 | $16,264,064 |
| 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 A Mastronardi Charitable Foundation has awarded $983,702 in support to 88 organizations.
| Grant Recipient | Amount |
|---|---|
ACLU FOUNDATION PURPOSE: CHARITABLE, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES, OR FOR PREVENTION OF CRUELTY TO ANIMALS | $10,000 |
ARCHBISHOP STEPINAC HIGH SCHOOL PURPOSE: CHARITABLE, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES, OR FOR PREVENTION OF CRUELTY TO ANIMALS. | $20,000 |
ANIMALS ASIA FOUNDATION PURPOSE: CHARITABLE, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES, OR FOR PREVENTION OF CRUELTY TO ANIMALS. | $8,000 |
BEST BUDDIES NEW YORK PURPOSE: CHARITABLE, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES, OR FOR PREVENTION OF CRUELTY TO ANIMALS. | $5,117 |
BEREA COLLEGE PURPOSE: CHARITABLE, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES, OR FOR PREVENTION OF CRUELTY TO ANIMALS. | $6,000 |
BLACK CAT HOLISTIC RESCUE PURPOSE: CHARITABLE, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES, OR FOR PREVENTION OF CRUELTY TO ANIMALS. | $4,000 |