Aldo And Mary Pat Palombo Trustfoundation Inc

Organization Overview

Aldo And Mary Pat Palombo Trustfoundation Inc is located in Marco Island, FL. The organization was established in 2007. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Aldo And Mary Pat Palombo Trustfoundation 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 12/2022, Aldo And Mary Pat Palombo Trustfoundation Inc generated $85.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 38.8% each year . All expenses for the organization totaled $46.1k during the year ending 12/2022. While expenses have increased by 16.7% per year over the past 8 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 2016, Aldo And Mary Pat Palombo Trustfoundation Inc has awarded 84 individual grants totaling $171,619. 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)Compensation
Aldo A Palombo Jr
Trustee
$0
Mary Pat Palombo
Trustee
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $44,540
Interest on Savings $0
Dividends & Interest $34
Net Rental Income$0
Net Gain on Sale of Assets $41,180
Capital Gain Net Income $41,180
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $85,754

Grants Awarded

Over the last fiscal year, Aldo And Mary Pat Palombo Trustfoundation Inc has awarded $45,075 in support to 12 organizations.

Grant RecipientAmount

ISLAND CO CLUB CHARITABLE FOUNDATION

PURPOSE: SUPPORT CAUSE

$14,505

MARCO ISLAND HISTORICAL SOCIETY

PURPOSE: SUPPORT CAUSE

$12,000

MARCO ISLAND CENTER FOR THE ARTS

PURPOSE: SUPPORT CAUSE

$8,070

NEIGHBORHOOD HEALTH CLINIC

Org PageRecipient Profile

Naples, FL

PURPOSE: SUPPORT CAUSE

$2,000

MARCO ISLAND FIRE RESCUE

PURPOSE: SUPPORT CAUSE

$1,800

AMERICAN CANER SOCIETY OF MARCO ISLAND

PURPOSE: SUPPORT CAUSE

$1,700
View Grant Profile

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