Loconte Family Charitable Foundation
- Assets
- $8.5m
- Revenue
- -$2.3m
- Investments
- $5.7m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 05/2014
- Data as of
- 12/2022
- EIN
- 46-3991482
Organization Overview
Loconte Family Charitable Foundation is located in Wilmington, DE. The organization was established in 2014. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loconte Family Charitable Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Loconte Family Charitable Foundation has awarded 28 individual grants totaling $3,464,856. 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 |
|---|---|---|---|
Anthony Loconte Dir, Pres | 1 | $0 | |
Gabriella Loconte Dir, VP | 5 | $50,000 | |
Mary Loconte Dir, Treas, VP | 1 | $0 | |
Jessica Sansotta Dir, Sec | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,693 |
| Dividends & Interest | $108,671 |
| Net Rental Income | $5,302 |
| Net Gain on Sale of Assets | -$2,554,964 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $138,880 |
| Total Revenue | -$2,282,672 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $4,976 |
| Interest | $0 |
| Taxes | $7,984 |
| Depreciation | $3,799 |
| Occupancy | $1,646 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35,049 |
| Total operating and administrative expenses | $107,812 |
| Contributions, gifts, grants paid | $402,500 |
| Total expenses and disbursements | $510,312 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,829,222 |
| 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 | $2,000,000 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,532,740 |
| 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, Loconte Family Charitable Foundation has awarded $402,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
EVAS VILLAGE INC PURPOSE: GENERAL & UNRESTRICTED | $400,000 |
JEWISH CENTER-BEIS MENACHEM OF HOBOKEN PURPOSE: GENERAL & UNRESTRICTED | $2,500 |