Joseph D Ciatti Memorial Foundation
- Assets
- $376.6k
- Revenue
- $51.3k
- Investments
- $368.3k
- Employees
- 0
- Location
- Novato, CA
- Founding
- 04/1988
- Data as of
- 10/2023
- EIN
- 68-0113940
Organization Overview
Joseph D Ciatti Memorial Foundation is located in Novato, CA. The organization was established in 1988. 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. Joseph D Ciatti Memorial Foundation 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 10/2023, Joseph D Ciatti Memorial Foundation generated $51.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 20.9% each year . All expenses for the organization totaled $27.8k during the year ending 10/2023. While expenses have increased by 12.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Joseph D Ciatti Memorial Foundation has awarded 57 individual grants totaling $161,825. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SAN RAFAEL HIGH SCHOOL - THE FOUNDATION AWARDED SCHOLARSHIPS TO FIVE INDIVIDUALS WHO MET THE FOUNDATION'S SCHOLARSHIP REQUIREMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph W Ciatti Board Member | 1 | $0 | |
Richard B Weinstein Board Member | 1 | $0 | |
Corydon Ford Heard III Board Member | 1 | $0 | |
Gary D Finefrock Board Member | 1 | $0 | |
Cesare F Ciatti Board Member | 1 | $0 | |
Kathy Gallup Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $21,000 |
| Interest on Savings | $1 |
| Dividends & Interest | $10,748 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,505 |
| Capital Gain Net Income | $19,505 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $51,254 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $658 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $175 |
| Total operating and administrative expenses | $833 |
| Contributions, gifts, grants paid | $27,000 |
| Total expenses and disbursements | $27,833 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,338 |
| 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 | $376,590 |
| 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, Joseph D Ciatti Memorial Foundation has awarded $27,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
SAN RAFAEL HS - STUDENT PURPOSE: SCHOLARSHIP | $3,000 |
SAN RAFAEL HS - STUDENT PURPOSE: SCHOLARSHIP | $3,000 |
SAN RAFAEL HS - STUDENT PURPOSE: SCHOLARSHIP | $3,000 |
SAN RAFAEL HS - STUDENT PURPOSE: SCHOLARSHIP | $3,000 |
SAN RAFAEL HS - STUDENT PURPOSE: SCHOLARSHIP | $3,000 |
SAN RAFAEL HS - STUDENT PURPOSE: SCHOLARSHIP | $3,000 |