Michael J Marchese Foundation
- Assets
- $1.1m
- Revenue
- $228.9k
- Investments
- $1.1m
- Employees
- 0
- Location
- Norridge, IL
- Founding
- 06/1987
- Data as of
- 12/2022
- EIN
- 36-3486786
Organization Overview
Michael J Marchese Foundation is located in Norridge, IL. The organization was established in 1987. 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. Michael J Marchese 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, Michael J Marchese Foundation generated $228.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (12.6%) each year. All expenses for the organization totaled $213.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (14.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Michael J Marchese Foundation has awarded 75 individual grants totaling $977,356. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECT GRANTS TO OTHER CHARITABLE ORGANIZATIONS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $196,555 |
| Interest on Savings | $530 |
| Dividends & Interest | $25,469 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,326 |
| Capital Gain Net Income | $6,326 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $228,880 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $944 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $211 |
| Total operating and administrative expenses | $22,244 |
| Contributions, gifts, grants paid | $191,038 |
| Total expenses and disbursements | $213,282 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,038 |
| Savings and temporary cash investments | $37,635 |
| Net Accounts receivable | $5,864 |
| 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 | $1,074,818 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,120,355 |
| 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, Michael J Marchese Foundation has awarded $191,038 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
NORTHWESTERN MEMORIAL FOUNDATION PURPOSE: UNRESITRICTED | $76,000 |
CHILDREN AT THE CROSSROADS PURPOSE: UNRESITRICTED | $52,038 |
AFTER SCHOOL MATTERS PURPOSE: UNRESTRICTED | $25,000 |
EXTOLLO EDUCATIONAL PURPOSE: UNRESTRICTED | $500 |
CARDOZO LAW SCHOOL PURPOSE: UNRESTRICTED | $1,000 |
JUVENILE DIABETES RESEARCH FOUNDATION PURPOSE: UNRESTRICTED | $4,000 |