George Polli Foundation Inc
- Assets
- $93.8k
- Revenue
- $60.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Naples, FL
- Founding
- 02/2009
- Data as of
- 12/2021
- EIN
- 41-2155359
Organization Overview
George Polli Foundation Inc is located in Naples, FL. The organization was established in 2009. According to its NTEE Classification (H80) the organization is classified as: Specifically Named Diseases Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. George Polli 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, George Polli Foundation Inc generated $60.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.0%) each year. All expenses for the organization totaled $2.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (46.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST IN RAISING MONEY TO FIND A CURE FOR DIABETES AND TO IMPROVE THE LIVES OF THOSE AFFECTED WITH THE DISEASE. THE MONEY RAISED IS USED FOR DONATIONS TO QUALIFIED ORGANIZATIONS THAT ARE WORKING TOWARDS FINDING A CURE FOR DIABETES THROUGH RESEARCH. THE GEORGE POLLI FOUNDATION, INC. WILL ALSO ASSIST IN RAISING MONEY FOR EDUCATION AND TREATMENT OF THOSE PEOPLE AFFLICTED WITH DIABETES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HAVING RAISED MONEY TO ASSIST IN FINDING A CURE FOR DIABETES. THE MONEY RAISED IS USED FOR DONATIONS TO QUALIFIED ORGANIZATIONS THAT ARE WORKING TOWARD FINDING A CURE FOR DIABETES THROUGH RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Polli President | Trustee | 3 | $0 |
Christine Polli Vice President | Trustee | 2 | $0 |
Alyssa Sepe Vice President | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $60,236 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $60,236 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $60,236 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,897 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,506 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,641 |
| Savings and temporary cash investments | $181 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $93,822 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $93,822 |
| Total liabilities and net assets/fund balances | $93,822 |
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|---|---|---|
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International Research Foundation For Rsd-Crps Inc Tampa, FL | $1,013,595 | $150,842 |
Back To Healing Inc Snellville, GA | $51,839 | $0 |
Rhizokids International Sylacauga, AL | $149,140 | $29,917 |
Thyroid Cancer And Parathyroid Foundation Inc Tampa, FL | $451,233 | $162,114 |
Alabama Branch Of The International Dyslexia Association Birmingham, AL | $77,562 | $0 |
The Hypoglycemia Research Foundation Inc Sunrise, FL | $5,057 | $20,098 |
Sleep Consortium Palm Beach Gardens, FL | $38,230 | $0 |
Partners For Krabbe Research Palm Harbor, FL | $10,436 | $0 |
Zeenat Qureshi Stroke Institute Suwanee, GA | $12,060 | $0 |
Danielle Demarzo Foundation Inc Coral Springs, FL | $24,500 | $0 |