Jerold J & Marjorie N Principato Foundation Inc
- Assets
- $3.0m
- Revenue
- $154.6k
- Investments
- $3.0m
- Employees
- 0
- Location
- Chevy Chase, MD
- Founding
- 03/1996
- Data as of
- 12/2023
- EIN
- 52-1960863
Organization Overview
Jerold J & Marjorie N Principato Foundation Inc is located in Chevy Chase, MD. The organization was established in 1996. 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. Jerold J & Marjorie N Principato 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 12/2023, Jerold J & Marjorie N Principato Foundation Inc generated $154.6k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $169.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jerold J & Marjorie N Principato Foundation Inc has awarded 420 individual grants totaling $923,002. 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 |
|---|---|---|---|
Jerold Principato Director | 0 | $0 | |
Deborah Jessiman Director | 15 | $40,000 | |
Matthew Lindsey Director | 0 | $0 | |
Michael Lindsey Director | 0 | $0 | |
John Lindsey Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $81,393 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $73,188 |
| Capital Gain Net Income | $73,188 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $154,581 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,145 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25,034 |
| Total operating and administrative expenses | $68,179 |
| Contributions, gifts, grants paid | $101,290 |
| Total expenses and disbursements | $169,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,183 |
| 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 | $2,975,055 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,040,238 |
| 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, Jerold J & Marjorie N Principato Foundation Inc has awarded $101,290 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
BETHESDA CHEVY CHASE RESCUE SQUAD PURPOSE: GENERAL GRANT | $1,000 |
CONSULTING AMERICA PURPOSE: GENERAL GRANT | $500 |
BLAIR HOUSE RESTORATION FUND PURPOSE: GENERAL GRANT | $3,250 |
COSMOS CLUB HISTORIC PRESERVATION FUND PURPOSE: GENERAL GRANT | $250 |
ENDOWMENT OF DIPLOMATIC RECEPTION ROOMS PURPOSE: GENERAL GRANT | $1,340 |
GEORGETOWN UNIVERSITY MEDICAL CENTER PURPOSE: GENERAL GRANT | $100 |