Nespola Charitable Foundation 749c6900
- Assets
- $1.9m
- Revenue
- $147.3k
- Investments
- $1.9m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 09/1998
- Data as of
- 03/2024
- EIN
- 13-7152742
Organization Overview
Nespola Charitable Foundation 749c6900 is located in Wilmington, DE. The organization was established in 1998. 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. Nespola Charitable Foundation 749c6900 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 03/2024, Nespola Charitable Foundation 749c6900 generated $147.3k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $138.6k during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Nespola Charitable Foundation 749c6900 has awarded 186 individual grants totaling $571,290. 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 |
|---|---|---|---|
Richard P Nespola Trustee | 1 | $0 | |
Faye Nespola Trustee | 1 | $0 | |
Richard P Nespola Jr Trustee | 5 | $16,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $62,936 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $76,847 |
| Capital Gain Net Income | $76,847 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,500 |
| Total Revenue | $147,283 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $16,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $206 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $459 |
| Total operating and administrative expenses | $47,624 |
| Contributions, gifts, grants paid | $90,995 |
| Total expenses and disbursements | $138,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,069 |
| 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 | $442,452 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,929,126 |
| 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, Nespola Charitable Foundation 749c6900 has awarded $90,995 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
ALEX'S LEMONADE STAND PURPOSE: TO CHANGE THE LIVES OF CHILDREN WITH CANCER THROUGH FUNDING IMPACTFUL RESEARCH, RAISING AWARENESS, SUPPORTING, FAMILIES, AND EMPOWERING EVERYONE TO HELP CURE CHILDHOOD CANCER | $3,000 |
AMERICAN HEART ASSOCIATION PURPOSE: FIGHTING HEART DISEASE AND STROKE | $3,000 |
BREAST CANCER RESEARCH FOUNDATION PURPOSE: ENDING BREAST CANCER BY ADVANCING THE WORLD'S MOST PROMISING RESEARCH | $2,500 |
BRIDGEHAMPTON FIRE DEPT PURPOSE: TO PRESERVE AND PROTECT LIFE AND PROPERTY AND TO PROMOTE FIRE SAFETY | $1,000 |
BRIDGEHAMPTON HISTORICAL SOCIETY DBA THE BRIDGEHAMPTON MUSEUM PURPOSE: INSPIRE THE PUBLICS AWARENESS OF AND APPRECIATION FOR OUR COMMUNITYS HISTORY AND CULTURAL TRADITIONS | $250 |
DIRECT RELIEF PURPOSE: IMPROVE THE HEALTH AND LIVES OF PEOPLE AFFECTED BY POVERTY OR EMERGENCIES | $2,500 |