Frank J Guarini Foundation Inc
- Assets
- $2.5m
- Revenue
- $306.0k
- Investments
- $1.3m
- Employees
- 0
- Location
- Iselin, NJ
- Founding
- 12/1999
- Data as of
- 12/2023
- EIN
- 22-3677856
Organization Overview
Frank J Guarini Foundation Inc is located in Iselin, NJ. The organization was established in 1999. 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. Frank J Guarini 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 12/2023, Frank J Guarini Foundation Inc generated $306.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (27.1%) each year. All expenses for the organization totaled $71.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Frank J Guarini Foundation Inc has awarded 36 individual grants totaling $211,960. 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 |
|---|---|---|---|
Frank J Guarini President | 0 | $0 | |
Frank L Fekete Secretary/treasurer | 0 | $0 | |
Cmarie Mangin Vice President/asst Sect | 0 | $0 | |
Carol Maurer Trustee | 0 | $0 | |
Douglas Maurer Trustee | 0 | $0 | |
Mark Spedaliere Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11,543 |
| Dividends & Interest | $21,120 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $273,372 |
| Total Revenue | $306,035 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $180 |
| Total operating and administrative expenses | $15,180 |
| Contributions, gifts, grants paid | $56,200 |
| Total expenses and disbursements | $71,380 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,270,612 |
| 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 | $1,041,347 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $9,497 |
| Total assets | $2,541,456 |
| 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, Frank J Guarini Foundation Inc has awarded $56,200 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
HUDSON RIVER PERFORMING ARTS CENTER INC PURPOSE: UNRESTRICTED DONATION | $10,000 |
JERSEY CITY POLICE ATHLETIC LEAGUE PURPOSE: UNRESTRICTED DONATION | $100 |
MULTIPLE SYSTEM ATROPHY COALITION PURPOSE: UNRESTRICTED DONATION | $1,000 |
NEW JERSEY DEPUTY FIRE CHIEFS ASSOCIATION PURPOSE: UNRESTRICTED DONATION | $100 |
SAINT PETER'S UNIVERSITY PURPOSE: DONATION TO HEARTS & MINDS SCHOLARSHIP DINNER/CORNACCHIA SCHOLARSHIP | $35,000 |
JOHN CABOT UNIVERSITY PURPOSE: UNRESTRICTED DONATION | $5,000 |