Danilo Soriano Family Foundation
- Assets
- $1.4m
- Revenue
- $58.7k
- Investments
- $1.1m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 03/1987
- Data as of
- 12/2022
- EIN
- 36-3488822
Organization Overview
Danilo Soriano Family Foundation is located in Wilmington, DE. 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. Danilo Soriano 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, Danilo Soriano Family Foundation generated $58.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $79.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Danilo Soriano Family Foundation has awarded 86 individual grants totaling $1,448,270. 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
GRANTS TO COMBAT COVID 19
GRANTS FOR PUBLIC HEATHCARE
GRANTS FOR EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Soriano Dir, VP | 1 | $0 | |
Jennifer Soriano Dir, Sec | 5 | $0 | |
Lydianila Soriano Dir, Pres | 1 | $0 | |
Perry Soriano Dir, Treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $520 |
| Dividends & Interest | $58,181 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $58,701 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $600 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,870 |
| Total operating and administrative expenses | $18,470 |
| Contributions, gifts, grants paid | $60,500 |
| Total expenses and disbursements | $78,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $246,283 |
| Net Accounts receivable | $4,905 |
| 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 | $210,265 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,377,454 |
| 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, Danilo Soriano Family Foundation has awarded $60,500 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY INC PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
AVERY COONLEY SCHOOL PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
BRAVA FOR WOMEN IN THE ARTS PURPOSE: FOR LARRY THE MUSICAL | $20,000 |
CANT STOP WONT STOP EDUCATION FUND PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
MUSIC CENTER OF THE NORTHWEST INC PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
OPEN ARMS PERINATAL SERVICES PURPOSE: GENERAL & UNRESTRICTED | $2,500 |