Patrick And Patricia Passarelle Foundation Inc
- Assets
- $2.1m
- Revenue
- -$167.5k
- Investments
- $1.8m
- Employees
- 0
- Location
- Hillsboro Beach, FL
- Founding
- 02/2016
- Data as of
- 12/2022
- EIN
- 47-4689024
Organization Overview
Patrick And Patricia Passarelle Foundation Inc is located in Hillsboro Beach, FL. The organization was established in 2016. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Patrick And Patricia Passarelle 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.
Since 2016, Patrick And Patricia Passarelle Foundation Inc has awarded 63 individual grants totaling $362,255. 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 |
|---|---|---|---|
Patrick Passarelle Director | 1 | $0 | |
Patricia Passarelle Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $23,804 |
| Interest on Savings | $1,371 |
| Dividends & Interest | $3,010 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$195,684 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$167,499 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $10 |
| Taxes | $6,217 |
| Depreciation | $0 |
| Occupancy | $30,000 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35 |
| Total operating and administrative expenses | $36,623 |
| Contributions, gifts, grants paid | $145,590 |
| Total expenses and disbursements | $182,213 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,582 |
| Savings and temporary cash investments | $300,010 |
| 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 | $2,137,874 |
| 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 | $3,197 |
| Total liabilities | $3,197 |
Grants Awarded
Over the last fiscal year, Patrick And Patricia Passarelle Foundation Inc has awarded $145,590 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
100PLUS ANIMAL RESCUE INC PURPOSE: RESCUE ANIMALS | $5,000 |
ASPCA PURPOSE: ANIMAL RESCUE | $4,000 |
ASSUMPTION CATHOLIC CHURCH PURPOSE: CHURCH SUPPORT | $8,490 |
BROTHERS WOLF ANIMAL RESCUE PURPOSE: ANIMAL RESCUE | $46,000 |
CARDINAL NEWMAN HIGH SCHOOL PURPOSE: COLLEGE PREPARATORY SCHOOL | $1,000 |
F C CANCER FOUNDATION PURPOSE: CANCER EDUCATION | $500 |