Celani Charitable Foundation Inc
- Assets
- $1.6m
- Revenue
- $272.1k
- Investments
- $1.6m
- Employees
- 0
- Location
- Novi, MI
- Founding
- 01/2001
- Data as of
- 12/2021
- EIN
- 38-3544723
Organization Overview
Celani Charitable Foundation Inc is located in Novi, MI. The organization was established in 2001. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Celani Charitable Foundation Inc 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, Celani Charitable Foundation Inc generated $272.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $133.9k during the year ending 12/2021. While expenses have increased by 2.2% 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 2014, Celani Charitable Foundation Inc has awarded 25 individual grants totaling $897,085. 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 Celani President, Director | 1 | $0 | |
Vicki Celani Treasurer, Secretary, Dir | 0.25 | $0 | |
Vincenzo Celani Director | 0.25 | $0 | |
Olivia Celani Director | 0.25 | $0 | |
Benedetto Celani Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,500 |
| Interest on Savings | $0 |
| Dividends & Interest | $46,686 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $222,921 |
| Capital Gain Net Income | $222,921 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $272,107 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $8,885 |
| Contributions, gifts, grants paid | $125,000 |
| Total expenses and disbursements | $133,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,194 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $1,079 |
| 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 | $1,628,724 |
| 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, Celani Charitable Foundation Inc has awarded $11,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Pontiac, MI PURPOSE: TO SUPPORT CHARITABLE OPERATIONS OF THE ORGANIZATIONS | $10,000 |
SAINT JOHNS LUTHERAN SCHOOL PURPOSE: TO SUPPORT CHARITABLE OPERATIONS OF THE ORGANIZATIONS | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Give Back Foundation Madison, WI | $36,333,568 | $83,771,815 |
Searle Freedom Trust Madison, WI | $105,094,955 | $12,616,372 |
Bradley Impact Fund Inc Milwaukee, WI | $79,584,497 | $81,442,514 |
Tournaments For Charity Dublin, OH | $4,978,426 | $26,375,151 |
Others First Inc Rochester Hills, MI | $4,306,956 | $11,125,375 |
Harrison County Community Foundation Support Organ Inc Corydon, IN | $251,226,152 | $18,808,603 |
The Edward Lowe Foundation Cassopolis, MI | $139,490,354 | $14,349,160 |
Fond Du Lac Area Foundation Fond Du Lac, WI | $72,661,560 | $12,050,578 |
Old National Bank Foundation Inc Evansville, IN | $1,059,679 | $25,162 |
Peyback Foundation Inc Independence, OH | $4,792,942 | $1,855,787 |
Raymond And Marie Goldbach Foundation Inc Marathon, WI | $27,008,832 | $2,753,618 |
S P Fenn No 1 Trust Ua Brooklyn, OH | $28,554,709 | $3,349,823 |