Piemonte Foundation
- Assets
- $1.2m
- Revenue
- $123.8k
- Investments
- $1.2m
- Employees
- 0
- Location
- Newport Beach, CA
- Founding
- 05/1997
- Data as of
- 11/2023
- EIN
- 33-0687534
Organization Overview
Piemonte Foundation is located in Newport Beach, CA. The organization was established in 1997. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Piemonte 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 11/2023, Piemonte Foundation generated $123.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $101.0k during the year ending 11/2023. While expenses have increased by 11.2% per year over the past 8 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, Piemonte Foundation has awarded 218 individual grants totaling $534,143. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE - NO DIRECT CHARITABLE ACTIVITIES ARE BEING UNDERTAKEN BY THIS FOUNDATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John M Aschieris President/director | 1 | $0 | |
John E Aschieris Sec/cfo/director | 1 | $0 | |
Michael S Aschieris V-Pres/director | 1 | $0 | |
Ronald A Aschieris Asst Sec/director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $26,856 |
| Interest on Savings | $0 |
| Dividends & Interest | $25,167 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $71,753 |
| Capital Gain Net Income | $71,753 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $123,776 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $800 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,537 |
| Total operating and administrative expenses | $19,697 |
| Contributions, gifts, grants paid | $81,338 |
| Total expenses and disbursements | $101,035 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $54,410 |
| 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 | $1,247,730 |
| 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, Piemonte Foundation has awarded $81,338 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
ASSISTANCE LEAGUE OF LONG BEACH PURPOSE: GENERAL FUND | $10,000 |
BOYS & GIRLS CLUB OF SAN DIEGO PURPOSE: GENERAL FUND | $100 |
CATALINA ISLAND CONSERVANCY PURPOSE: GENERAL FUND | $500 |
HOMEBOY INDUSTRIES PURPOSE: GENERAL FUND | $500 |
HELEN WOODWARD ANIMAL HOSPITAL PURPOSE: GENERAL FUND | $100 |
FELLOWSHIP OF CHRISTIAN ATHLETES PURPOSE: GENERAL FUND | $250 |