Mario & Theresa Spola Family Foundation
- Assets
- $369.5k
- Revenue
- $84.4k
- Investments
- $326.6k
- Employees
- 0
- Location
- Hohokus, NJ
- Founding
- 04/1999
- Data as of
- 12/2022
- EIN
- 22-3632964
Organization Overview
Mario & Theresa Spola Family Foundation is located in Hohokus, NJ. The organization was established in 1999. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mario & Theresa Spola 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 12/2022, Mario & Theresa Spola Family Foundation generated $84.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.4%) each year. All expenses for the organization totaled $181.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mario & Theresa Spola Family Foundation has awarded 59 individual grants totaling $1,270,750. 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.
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 |
|---|---|---|---|
Theresa Spola Manager | 0 | $0 | |
Theresa Spola Doyle Manager | 0 | $0 | |
Maria Spola Mueller Manager | 0 | $0 | |
Robert Mueller Manager | 0 | $0 | |
Andrea Spola Lupo Manager | 0 | $0 | |
Andrew Lupo Manager | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $349 |
| Dividends & Interest | $15,266 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $68,482 |
| Capital Gain Net Income | $68,482 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $304 |
| Total Revenue | $84,401 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,336 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $11,931 |
| Contributions, gifts, grants paid | $170,000 |
| Total expenses and disbursements | $181,931 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $42,962 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $369,522 |
| Accounts payable and accrued expenses | $180 |
| 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 | $180 |
Grants Awarded
Over the last fiscal year, Mario & Theresa Spola Family Foundation has awarded $170,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CARMELITE MISSION PURPOSE: TO FURTHER THE PURPOSE OF THE 501(C)(3) ORGANIZATION | $3,000 |
ACADEMEY OF ST THERESE'S OF LISIEUX PURPOSE: TO FURTHER THE PURPOSE OF THE 501(C)(3) ORGANIZATION | $40,000 |
ACADEMY OF HOLY ANGELS PURPOSE: TO FURTHER THE PURPOSE OF THE 501(C)(3) ORGANIZATION | $95,000 |
HOLY NAME FOUNDATION PURPOSE: TO FURTHER THE PURPOSE OF THE 501(C)(3) ORGANIZATION | $4,000 |
VALLEY HOSPITAL FOUNDATION PURPOSE: TO FURTHER THE PURPOSE OF THE 501(C)(3) ORGANIZATION | $8,000 |
SCHOOL SISTERS OF NOTRE DAME PURPOSE: TO FURTHER THE PURPOSE OF THE 501(C)(3) ORGANIZATION | $20,000 |