Napolitano Family Foundation Inc
- Assets
- $536.7k
- Revenue
- $202.6k
- Investments
- $60.1k
- Employees
- 0
- Location
- Virginia Beach, VA
- Founding
- 10/1985
- Data as of
- 12/2022
- EIN
- 54-1310946
Organization Overview
Napolitano Family Foundation Inc is located in Virginia Beach, VA. The organization was established in 1985. 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. Napolitano 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, Napolitano Family Foundation Inc generated $202.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $67.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Napolitano Family Foundation Inc has awarded 126 individual grants totaling $343,132. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $200,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $300 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,320 |
| Capital Gain Net Income | $2,320 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $202,620 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $72 |
| Total operating and administrative expenses | $322 |
| Contributions, gifts, grants paid | $66,984 |
| Total expenses and disbursements | $67,306 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $403,558 |
| Savings and temporary cash investments | $73,010 |
| 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 | $536,680 |
| 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, Napolitano Family Foundation Inc has awarded $66,984 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMERS ASSOCIATION PURPOSE: MEDICAL | $100 |
CATHOLIC DIOCESE OF RICHMOND PURPOSE: GENERAL | $5,000 |
CONGRESSIONAL PRAYER CAUCUS FDN PURPOSE: GENERAL | $250 |
AMERICAN CANCER SOCIETY PURPOSE: MEDICAL | $100 |
EDMARC PURPOSE: MEDICAL | $500 |
SENTARA FOUNDATION HAMPTON ROADS PURPOSE: MEDICAL | $250 |