Betagole Family Foundation Inc
- Assets
- $2.5m
- Revenue
- $147.8k
- Investments
- $2.5m
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 02/2016
- Data as of
- 12/2022
- EIN
- 47-5625163
Organization Overview
Betagole Family Foundation Inc is located in Cincinnati, OH. The organization was established in 2016. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Betagole Family 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 12/2022, Betagole Family Foundation Inc generated $147.8k 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 (12.0%) each year. All expenses for the organization totaled $182.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Betagole Family Foundation Inc has awarded 450 individual grants totaling $991,719. 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 |
|---|---|---|---|
Robert Betagole Director/president/chairma | 0 | $0 | |
Marty Betagole Director | 0 | $0 | |
Richard Betagole Director | 0 | $0 | |
John Betagole Director | 0 | $0 | |
W Patrick Stull Secretary/treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $12,101 |
| Interest on Savings | $0 |
| Dividends & Interest | $83,960 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $51,730 |
| Capital Gain Net Income | $51,730 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $147,791 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,147 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $41 |
| Total operating and administrative expenses | $2,188 |
| Contributions, gifts, grants paid | $179,780 |
| Total expenses and disbursements | $181,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $29,306 |
| 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 | $2,492,647 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,521,953 |
| 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, Betagole Family Foundation Inc has awarded $179,780 in support to 82 organizations.
| Grant Recipient | Amount |
|---|---|
ALS ASSOCIATION PURPOSE: GENERAL SUPPORT | $350 |
ALL FAITH FOOD BANK PURPOSE: GENERAL SUPPORT | $100 |
ARTHRITIS FOUNDATION PURPOSE: GENERAL SUPPORT | $100 |
AMER SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS PURPOSE: GENERAL SUPPORT | $100 |
AMERICAN DIABETES ASSOCIATION PURPOSE: GENERAL SUPPORT | $100 |
AMERICAN JEWISH COMMITTEE PURPOSE: GENERAL SUPPORT | $1,000 |