Clute Family Foundation Inc
- Assets
- $0.0
- Revenue
- $508.1k
- Investments
- $918.9k
- Employees
- 0
- Location
- Marco Island, FL
- Founding
- 04/2005
- Data as of
- 10/2020
- EIN
- 20-0501955
Organization Overview
Clute Family Foundation Inc is located in Marco Island, FL. The organization was established in 2005. 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. Clute Family 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 10/2020, Clute Family Foundation Inc generated $508.1k in total revenue. All expenses for the organization totaled $50.1k during the year ending 10/2020. While expenses have increased by 5.7% 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arthur D Ambrose Trustee | 0 | $0 | |
Vincent R Valicenti Chairman | 0 | $0 | |
Philip C Ponzi Trustee | 0 | $0 | |
Susan T Rogers Trustee | 0 | $0 | |
Josephine M Valicenti Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000 |
| Interest on Savings | $7,961 |
| Dividends & Interest | $13,675 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $508,076 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $20,128 |
| Contributions, gifts, grants paid | $30,000 |
| Total expenses and disbursements | $50,128 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $76,073 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $170,767 |
Grants Awarded
Over the last fiscal year, Clute Family Foundation Inc has awarded $30,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FOOD BANK OF THE SOUTHERN TIER PURPOSE: GENERAL OPERATIONS | $10,000 |
MEALS ON WHEELS OF CHEMUNG COUNTY I PURPOSE: GENERAL OPERATIONS | $10,000 |
CAREFIRST PURPOSE: GENERAL OPERATIONS | $10,000 |