Dr Albert Varacallo Foundation
- Assets
- $82.7k
- Revenue
- $27.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Du Bois, PA
- Founding
- 06/2015
- Data as of
- 12/2022
- EIN
- 47-4180627
Organization Overview
Dr Albert Varacallo Foundation is located in Du Bois, PA. The organization was established in 2015. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dr Albert Varacallo 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, Dr Albert Varacallo Foundation generated $27.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 56.9% each year . All expenses for the organization totaled $16.3k during the year ending 12/2022. While expenses have increased by 12.1% per year over the past 8 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SCHOLARSHIPS TO STUDENTS WHO ARE INTERESTED IN FURTHERING THEIR EDUCATION IN THE HEALTH CARE FIELD.
TO LEND ASSISTANCE TO THOSE IN NEED AND SPREAD AWARENESS WITH REGARDS TO SAFETY ISSUES WHILE USING DIFFERENT MODES OF TRANSPORTATION ON THE HIGHWAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Varacallo President | 0 | $0 | |
Dominic Varacallo Treasurer/se | 0 | $0 | |
Albert Varacallo Director | 0 | $0 | |
Christopher Varacallo Director | 0 | $0 | |
Matthew Varacallo Director | 0 | $0 | |
Natalie Milliron V P | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $27,396 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $27,396 |
| 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 | $260 |
| Contributions, gifts, grants paid | $16,038 |
| Total expenses and disbursements | $16,298 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,736 |
| Savings and temporary cash investments | $0 |
| 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 | $82,736 |
| 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, Dr Albert Varacallo Foundation has awarded $16,038 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PENN STATE SCHOLARSHIP ENDOW PURPOSE: CHARITABLE CONTRIBUTION | $8,538 |
GRIFFITH FAMILY FOUNDATION PURPOSE: CHARITABLE CONTRIBUTION | $7,500 |