Peter J And Constance M Cracchiolo Foundation
- Assets
- $33.3m
- Revenue
- $2.1m
- Investments
- $31.6m
- Employees
- 0
- Location
- St Clair Shores, MI
- Founding
- 02/1985
- Data as of
- 06/2022
- EIN
- 38-2561770
Organization Overview
Peter J And Constance M Cracchiolo Foundation is located in St Clair Shores, MI. The organization was established in 1985. 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. Peter J And Constance M 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 06/2022, Peter J And Constance M Cracchiolo Foundation generated $2.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $1.8m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Peter J And Constance M Cracchiolo Foundation has awarded 327 individual grants totaling $18,382,055. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter T Cracchiolo President/secretary/treasu | 25 | $0 | |
Bernadette P Lindquist Director | 1 | $0 | |
Grace E Cracchiolo Director | 1 | $0 | |
Phyllis A Demars Deceased 2232022 Director | 1 | $0 | |
Peter T Cracchiolo Jr Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morgan Stanley | 6/29/22 | $112,490 |
Deroy & Devereaux | 6/29/22 | $64,423 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $828,439 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,291,651 |
| Capital Gain Net Income | $1,561,747 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,120,090 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $56,762 |
| Depreciation | $386 |
| Occupancy | $13,352 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,707 |
| Total operating and administrative expenses | $369,201 |
| Contributions, gifts, grants paid | $1,393,580 |
| Total expenses and disbursements | $1,762,781 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,738,265 |
| 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 | $4,091,396 |
| Net Land, buildings, and equipment | $341 |
| Other assets | $653 |
| Total assets | $33,346,493 |
| 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, Peter J And Constance M Cracchiolo Foundation has awarded $2,903,580 in support to 53 organizations.
| Grant Recipient | Amount |
|---|---|
ASCENSION ST JOHN PROVIDENCE FOUNDATION PURPOSE: CRACCHIOLO FAMILY BIRTHING CENTER | $250,000 |
ANGELS' PLACE PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
BEAUMONT FOUNDATION OF GROSSE POINTE PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
ASCENSION ST JOHN PROVIDENCE FOUNDATION PURPOSE: DEMARS HUMAN TRAFFICKING | $23,500 |
CABRINI CLINIC PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
CAPUCHIN PROVINCE OF ST JOSEPH PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |