The Melchiorre Family Charitable Foundation Inc
- Assets
- $5.5m
- Revenue
- $722.8k
- Investments
- $5.3m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 10/2019
- Data as of
- 12/2021
- EIN
- 23-3040306
Organization Overview
The Melchiorre Family Charitable Foundation Inc is located in Wilmington, DE. The organization was established in 2019. 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. Melchiorre Family Charitable 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 12/2021, Melchiorre Family Charitable Foundation Inc generated $722.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (48.2%) each year. All expenses for the organization totaled $179.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Melchiorre Family Charitable Foundation Inc has awarded 24 individual grants totaling $285,000. 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 |
|---|---|---|---|
Paul L Melchiorre Dir, Pres | 1 | $0 | |
Nicole D Melchiorre Dir, VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $291,593 |
| Interest on Savings | $190 |
| Dividends & Interest | $122,233 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $308,742 |
| Capital Gain Net Income | $308,742 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $722,758 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,261 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,229 |
| Total operating and administrative expenses | $44,474 |
| Contributions, gifts, grants paid | $135,000 |
| Total expenses and disbursements | $179,474 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $235,030 |
| 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 | $5,531,760 |
| 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 Melchiorre Family Charitable Foundation Inc has awarded $135,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Philadelphia, PA PURPOSE: ENDOWED GRACE FUND | $50,000 |
Philadelphia, PA PURPOSE: GOALS & ASSISTS COLLEGE SCHOLARSHIP PROGRAM AT VILLANOVA UNIVERSITY | $20,000 |
THE CHILDRENS HOSPITAL OF PHILADELPHIA FOUNDATION PURPOSE: ASTHMA COMMUNITY PROGRAM | $15,000 |
DREXEL UNIVERSITY PURPOSE: PAUL L MELCHIORRE SCHOLARSHIP FUND | $10,000 |
Villanova, PA PURPOSE: PHILLY FUTURES PARTNERSHIP ENDOWED FUND | $10,000 |
DREXEL UNIVERSITY PURPOSE: CHARITABLE EVENT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Longwood Gardens Inc Kennett Square, PA | $1,437,882,296 | $93,650,257 |
Longwood Foundation Inc Wilmington, DE | $0 | $53,076,926 |
The Comcast Nbcuniversal Foundation Philadelphia, PA | $16,720,236 | $25,679,760 |
Sherman Fairchild Foundation Inc Chevy Chase, MD | $608,781,139 | $70,437,193 |
Verizon Foundation Basking Ridge, NJ | $26,429,657 | $21,584,016 |
Nsn Foundation Inc Roseland, NJ | $55,407,565 | $72,760,212 |
Arconic Charitable Foundation Pittsburgh, PA | $0 | $10,360,918 |
Zimmer Family Foundation Inc Saddle River, NJ | $21,093,817 | $10,817,000 |
Molina Healthcare Charitable Foundation Wilmington, DE | $6,023,085 | $109,085 |
David R & Patricia D Atkinson Foundation Princeton, NJ | $114,019,131 | $20,460,455 |
Alcoa Foundation Pittsburgh, PA | $146,938,296 | $5,082,676 |
Workday Foundation Wilmington, DE | $43,827,189 | $3,435,808 |