The Family Deeds Foundation
- Assets
- $2.1m
- Revenue
- $191.3k
- Investments
- $1.9m
- Employees
- 0
- Location
- Phoenixville, PA
- Founding
- 05/2019
- Data as of
- 12/2022
- EIN
- 38-7211695
Organization Overview
The Family Deeds Foundation is located in Phoenixville, PA. The organization was established in 2019. 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. Family Deeds 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, Family Deeds Foundation generated $191.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (19.7%) each year.
Since 2021, Family Deeds Foundation has awarded 14 individual grants totaling $330,400. 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 |
|---|---|---|---|
Vincent Milano Trustee | 0 | $0 | |
Christie Milano Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $368 |
| Dividends & Interest | $31,067 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $159,895 |
| Capital Gain Net Income | $159,895 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $191,330 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,028 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,028 |
| Contributions, gifts, grants paid | $173,400 |
| Total expenses and disbursements | $176,428 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $214,811 |
| 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 | $1,873,230 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,088,041 |
| 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, The Family Deeds Foundation has awarded $173,400 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
LIFE SCIENCE CARES PHILADELPHIA PURPOSE: TO FURTHER PUBLIC SERVICE | $100,000 |
PHOENIXVILLE COMMUNITY EDUCATION FOUNDATION PURPOSE: TO FURTHER PUBLIC SERVICE | $8,000 |
BOYS AND GIRLS CLUB OF PHILADELPHIA PURPOSE: TO FURTHER PUBLIC SERVICE | $10,000 |
ST MARY'S FRANCISCAN SHELTER PURPOSE: TO FURTHER PUBLIC SERVICE | $10,000 |
WHYY PURPOSE: TO FURTHER PUBLIC SERVICE | $25,000 |
COMMUNITY VOLUNTEERS IN MEDICINE PURPOSE: TO FURTHER PUBLIC SERVICE | $20,000 |