The Anthony J@petrocelli Charitable Trust
- Assets
- $619.6k
- Revenue
- $26.3k
- Investments
- $613.6k
- Employees
- 0
- Location
- Morristown, NJ
- Founding
- 03/1999
- Data as of
- 12/2022
- EIN
- 22-3610279
Organization Overview
The Anthony J@petrocelli Charitable Trust is located in Morristown, NJ. The organization was established in 1999. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Anthony J@petrocelli Charitable Trust 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, Anthony J@petrocelli Charitable Trust generated $26.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $46.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Anthony J@petrocelli Charitable Trust has awarded 114 individual grants totaling $197,579. 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 |
|---|---|---|---|
Harley J Petrocelli Trustee | 1 | $2,100 | |
Anthony Scamardella Trustee | 1 | $2,100 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,649 |
| Dividends & Interest | $5,329 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,298 |
| Capital Gain Net Income | $14,298 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $26,276 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,200 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $387 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $17,170 |
| Contributions, gifts, grants paid | $29,500 |
| Total expenses and disbursements | $46,670 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,997 |
| 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 | $613,556 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $619,553 |
| 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, The Anthony J@petrocelli Charitable Trust has awarded $29,500 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
GIVE KIDS THE WORLD VILLAGE PURPOSE: CHARITABLE | $500 |
HEIFER INTERNATIONAL PURPOSE: CHARITABLE | $1,000 |
LINK EDUCATION PARTNERS PURPOSE: CHARITABLE | $4,000 |
MAKE A WISH PURPOSE: CHARITABLE | $1,000 |
MT PLEASANT ANIMAL SHELTER PURPOSE: CHARITABLE | $1,000 |
SMILE TRAIN PURPOSE: CHARITABLE | $2,000 |