Frank & Jean Iacovangelo Family Foundation Inc
- Assets
- $780.0k
- Revenue
- $20.8k
- Investments
- $754.8k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 03/2004
- Data as of
- 12/2023
- EIN
- 30-0204918
Organization Overview
Frank & Jean Iacovangelo Family Foundation Inc is located in Wilmington, DE. The organization was established in 2004. 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. Frank & Jean Iacovangelo Family 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 & Jean Iacovangelo Family Foundation Inc generated $20.8k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $170.7k during the year ending 12/2023. While expenses have increased by 14.2% per year over the past 9 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 2015, Frank & Jean Iacovangelo Family Foundation Inc has awarded 161 individual grants totaling $891,183. 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 |
|---|---|---|---|
Elena Frances Cariola Dir, VP | 1 | $0 | |
Frank B Iacovangelo Pres, Dir, Sec | 1 | $0 | |
Jean Iacovangelo Dir, VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $508 |
| Dividends & Interest | $25,963 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$5,628 |
| Capital Gain Net Income | $26,565 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $20,843 |
| 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 | $8,804 |
| Total operating and administrative expenses | $14,565 |
| Contributions, gifts, grants paid | $156,161 |
| Total expenses and disbursements | $170,726 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $25,199 |
| 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 | $779,967 |
| 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 & Jean Iacovangelo Family Foundation Inc has awarded $156,161 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
BIVONA CHILD ADVOCACY CENTER PURPOSE: GENERAL & UNRESTRICTED | $2,011 |
ANGELS OF MERCY INC PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
BREAST CANCER COALITION OF ROCHESTER INC PURPOSE: CHARITABLE EVENT | $5,000 |
CANCER ACTION INC PURPOSE: GENERAL & UNRESTRICTED | $2,500 |
CATHOLIC UNIVERSITY OF AMERICA PURPOSE: GENERAL & UNRESTRICTED | $2,500 |
FOUNDATION OF THE MONROE COUNTY BAR PURPOSE: JAZZ FOR JUSTICE & RAISE THE BAR | $3,400 |