Iacobelli Family Foundation
- Assets
- $185.0k
- Revenue
- $4.7k
- Investments
- $112.7k
- Employees
- 0
- Location
- Bloomfield Hills, MI
- Founding
- 02/2000
- Data as of
- 12/2021
- EIN
- 38-3505771
Organization Overview
Iacobelli Family Foundation is located in Bloomfield Hills, MI. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Iacobelli 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 12/2021, Iacobelli Family Foundation generated $4.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 53.1% each year . All expenses for the organization totaled $44.7k during the year ending 12/2021. While expenses have increased by 3.0% per year over the past 7 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, Iacobelli Family Foundation has awarded 44 individual grants totaling $160,151. 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 |
|---|---|---|---|
Mario P Iacobelli Director | 2 | $0 | |
Celia J Iacobelli President/director | 2 | $0 | |
Jeanne L Crockett Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11 |
| Dividends & Interest | $620 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,073 |
| Capital Gain Net Income | $4,073 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,704 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $41 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20 |
| Total operating and administrative expenses | $2,461 |
| Contributions, gifts, grants paid | $42,201 |
| Total expenses and disbursements | $44,662 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $72,279 |
| 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 | $185,000 |
| 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, Iacobelli Family Foundation has awarded $42,201 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Detroit, MI PURPOSE: PROMOTE HEALTH AND WELLNESS. | $25,000 |
Salt Lake City, UT PURPOSE: TO ENRICH THE LIFE OF THE JEWISH COMMUNITY AND THE COMMUNITY AT LARGE BY OFFERING EDUCATIONAL, CULTURAL AND RECREATIONAL OPPORTUNITIES. | $13,400 |
CATCH PURPOSE: TO IMPROVE THE QUALITY OF LIFE FOR PEDIATRIC PATIENTS AND THEIR FAMILIES AT CHILDREN'S HOSPITAL OF MICHIGAN AND HENRY FORD HOSPITAL. | $1,000 |
ST SCHOLASTICA PRIORY INC PURPOSE: PROMOTE EDUCATION. | $1,000 |
Detroit, MI PURPOSE: TO ENGAGE ARTISITS OF NATIONAL AND INTERNATIONAL STATURE FOR STELLAR MAIN STAGE AND OUTREACH PERFORMANCES, AND TO PROVIDES COMPELLING CULTURAL ENRICHMENT PROGRAMS FOR THE DIVERSE AUDIENCES. | $501 |
UNIVERISTY OF DETROIT JESUIT PURPOSE: PROMOTE EDUCATION. | $350 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Asante Foundation Inc South Bend, IN | $170,490,031 | $16,382,298 |
The Steve & Amy Van Andel Foundation Grand Rapids, MI | $111,040,892 | $8,504,096 |
Deborah Joy Simon Foundation Carmel, IN | $67,791,546 | $8,858,983 |
Hillier Family Foundation Akron, OH | $0 | $3,603,112 |
Wing Shadow Foundation Ada, MI | $89,908,464 | $23,772,931 |
Scripps-Howard Foundation Cincinnati, OH | $57,417,924 | $12,029,094 |
Albert J Weatherhead Estate Trust Uw Item Iv National City Bk Of Cle Mayfield Heights, OH | $171,110,624 | $12,657,241 |
Hummingbird Society Foundation Cincinnati, OH | $175,019 | $103,373 |
Carls Foundation Bloomfield Hills, MI | $120,507,770 | $14,280,001 |
The David And Carol Van Andel Family Foundation Grand Rapids, MI | $107,851,670 | $8,218,571 |
Christ Cares For Kids Foundation Traverse City, MI | $46,569,965 | $9,675,626 |
James J And Joan A Gardner Family Foundation Cincinnati, OH | $68,091,187 | $14,231,664 |