Thomas And Carol Cracchiolo Foundation
- Assets
- $17.6m
- Revenue
- $884.7k
- Investments
- $17.1m
- Employees
- 0
- Location
- St Clair Shores, MI
- Founding
- 11/1984
- Data as of
- 06/2023
- EIN
- 38-2543263
Organization Overview
Thomas And Carol Cracchiolo Foundation is located in St Clair Shores, MI. The organization was established in 1984. 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. Thomas And Carol Cracchiolo 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 06/2023, Thomas And Carol Cracchiolo Foundation generated $884.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $1.3m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Thomas And Carol Cracchiolo Foundation has awarded 588 individual grants totaling $7,010,822. 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 |
|---|---|---|---|
Thomas A Cracchiolo President/director | 10 | $0 | |
Carol A Cracchiolo Vice President/director | 1 | $0 | |
Ann Cracchiolo Caraway Secretary/director | 1 | $0 | |
Lisa Cracchiolo Peracchio Treasurer/director | 10 | $0 | |
Bernadette M Cracchiolo Director | 1 | $0 | |
Carol Cracchiolo Laub Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $263,437 |
| Interest on Savings | $1,629 |
| Dividends & Interest | $443,513 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $176,124 |
| Capital Gain Net Income | $272,903 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $884,703 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,675 |
| Depreciation | $341 |
| Occupancy | $13,230 |
| Travel, conferences, and meetings | $2,750 |
| Printing and publications | $0 |
| Other expenses | $3,164 |
| Total operating and administrative expenses | $77,095 |
| Contributions, gifts, grants paid | $1,252,041 |
| Total expenses and disbursements | $1,329,136 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,419 |
| Savings and temporary cash investments | $397,928 |
| 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 | $4,318,227 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $653 |
| Total assets | $17,628,995 |
| 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, Thomas And Carol Cracchiolo Foundation has awarded $1,252,041 in support to 54 organizations.
| Grant Recipient | Amount |
|---|---|
ALTERNATIVE FOR GIRLS PURPOSE: LITTLE DREAMERS AND PREVENTION PROGRAM | $170,000 |
ALTERNATIVE FOR GIRLS PURPOSE: OPERATING FUND | $10,000 |
ANGELS' PLACE PURPOSE: OPERATING FUND | $10,000 |
BEAUMONT HEALTH FOUNDATION PURPOSE: OPERATING FUND | $1,000 |
ASCENSION ST JOHN FOUNDATION PURPOSE: OPERATING FUND | $5,000 |
AUSTIN CATHOLIC HIGH SCHOOL PURPOSE: CAPITAL CAMPAIGN | $25,000 |