Pettinelli Family Foundation
- Assets
- $759.0k
- Revenue
- $45.8k
- Investments
- $706.5k
- Employees
- 0
- Location
- Pennington, NJ
- Founding
- 01/2005
- Data as of
- 12/2023
- EIN
- 20-1889066
Organization Overview
Pettinelli Family Foundation is located in Pennington, NJ. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Pettinelli Family 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, Pettinelli Family Foundation generated $45.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $57.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Pettinelli Family Foundation has awarded 30 individual grants totaling $138,500. 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 |
|---|---|---|---|
Matthew Pettinelli Director | 1 | $0 | |
Judith Pettinelli Secretary | 1 | $0 | |
Vincent D Pettinelli President | 1 | $0 | |
Kristi Pettinelli Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $24,110 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,680 |
| Capital Gain Net Income | $21,680 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $45,790 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,477 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $106 |
| Total operating and administrative expenses | $13,612 |
| Contributions, gifts, grants paid | $43,500 |
| Total expenses and disbursements | $57,112 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $489 |
| Savings and temporary cash investments | $51,950 |
| 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 | $123,205 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $758,980 |
| 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, Pettinelli Family Foundation has awarded $43,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ARTIS-NAPLES PURPOSE: UNRESTRICTED GENERAL | $2,500 |
COUNTRY CLUB AT MUIRFIELD VILLAGE FDN PURPOSE: UNRESTRICTED GENERAL | $4,000 |
NEIGHBORHOOD HEALTH CLINIC PURPOSE: UNRESTRICTED GENERAL | $3,000 |
NAPLES BOTANICAL GARDEN PURPOSE: UNRESTRICTED GENERAL | $1,500 |
UNIVERSITY OF ST THOMAS PURPOSE: UNRESTRICTED GENERAL | $32,500 |