The John C Fricano Foundation Inc
- Assets
- $1.6m
- Revenue
- $87.3k
- Investments
- $1.6m
- Employees
- 0
- Location
- Arlington, VA
- Founding
- 11/1995
- Data as of
- 12/2022
- EIN
- 54-1749715
Organization Overview
The John C Fricano Foundation Inc is located in Arlington, VA. The organization was established in 1995. 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. John C Fricano 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, John C Fricano Foundation Inc generated $87.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $120.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, John C Fricano Foundation Inc has awarded 77 individual grants totaling $968,774. 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
FOUNDATION MAKES GRANTS TO OTHER ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary E Fricano President | 1 | $0 | |
S J Dimeglio Vice Pres. | 1 | $0 | |
Mary Louise Rhodes Secretary | 1 | $0 | |
Jeffrey Dimeglio Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,253 |
| Interest on Savings | $195 |
| Dividends & Interest | $51,241 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $30,613 |
| Capital Gain Net Income | $3,699 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $87,302 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,300 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,761 |
| Total operating and administrative expenses | $21,211 |
| Contributions, gifts, grants paid | $98,890 |
| Total expenses and disbursements | $120,101 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,328 |
| 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 | $1,608,422 |
| 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, The John C Fricano Foundation Inc has awarded $98,890 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
SACRED HEART CENTER PURPOSE: TO SERVE PEOPLE IN CRISIS | $5,000 |
A BEST CHOICE MOBILE PURPOSE: TO SERVE PEOPLE IN CRISIS | $25,800 |
ST ANNS CATHOLIC CHURCH PURPOSE: TO SERVE PEOPLE IN CRISIS | $8,060 |
SOCIETY OF ST VIENCENT DEPAUL PURPOSE: TO SERVE PEOPLE IN CRISIS | $5,000 |
ST PAUL CATHOLIC CHURCH PURPOSE: TO SERVE PEOPLE IN CRISIS | $3,780 |
ST MICHAEL ARCHANGEL CATHOLIC PURPOSE: TO SERVE PEOPLE IN CRISIS | $7,500 |