The Bruno & Lena Degol Family Foundation
- Assets
- $4.6m
- Revenue
- $191.1k
- Investments
- $2.4m
- Employees
- 0
- Location
- Altoona, PA
- Founding
- 01/1995
- Data as of
- 12/2022
- EIN
- 25-1753903
Organization Overview
The Bruno & Lena Degol Family Foundation is located in Altoona, PA. The organization was established in 1995. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Bruno & Lena Degol 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, Bruno & Lena Degol Family Foundation generated $191.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $217.0k during the year ending 12/2022. While expenses have increased by 5.0% per year over the past 7 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, Bruno & Lena Degol Family Foundation has awarded 799 individual grants totaling $1,141,878. 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 |
|---|---|---|---|
Donald Degol Jr Director | 0.2 | $0 | |
Donald A Degol Sr President | 0.2 | $0 | |
David A Degol Director | 0.2 | $0 | |
David Degol Jr Director | 0.2 | $0 | |
Bruno A Degol Jr Director | 0.2 | $0 | |
Terry Burgan Director | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $166,864 |
| Interest on Savings | $17,864 |
| Dividends & Interest | $50,588 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$45,278 |
| Capital Gain Net Income | $7,657 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,039 |
| Total Revenue | $191,077 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,115 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $187 |
| Total operating and administrative expenses | $16,152 |
| Contributions, gifts, grants paid | $200,846 |
| Total expenses and disbursements | $216,998 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $206,469 |
| Savings and temporary cash investments | $303,978 |
| 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 | $1,667,304 |
| Total assets | $4,578,233 |
| 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 Bruno & Lena Degol Family Foundation has awarded $200,846 in support to 139 organizations.
| Grant Recipient | Amount |
|---|---|
2022 CENTRAL PA AUTISM WALK PURPOSE: CHARITABLE | $500 |
ALL SAINTS CATHOLIC SCHOOL PURPOSE: CHARITABLE | $200 |
ALLEGHENY HEALTH NETWORK PURPOSE: CHARITABLE | $10,000 |
ALLEGHENY LUTHERN SOCIAL MINISTRIES PURPOSE: CHARITABLE | $2,500 |
ALLEGHENY TWP VOLUNTEER FIRE DEPT PURPOSE: CHARITABLE | $100 |
ALTOONA FIREFIGHTERS IAFF LOCAL 29 PURPOSE: CHARITABLE | $200 |