Little Tower Foundation
- Assets
- $2.3m
- Revenue
- $297.3k
- Investments
- $2.3m
- Employees
- 0
- Location
- Plymouth Meeting, PA
- Founding
- 12/2002
- Data as of
- 12/2022
- EIN
- 68-0518612
Organization Overview
Little Tower Foundation is located in Plymouth Meeting, PA. The organization was established in 2002. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Little Tower 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 12/2022, Little Tower Foundation generated $297.3k 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 (3.8%) each year. All expenses for the organization totaled $215.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Little Tower Foundation has awarded 228 individual grants totaling $636,900. 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 |
|---|---|---|---|
Charles J Tornetta President And Director | 0.25 | $0 | |
Dorothy S Tornetta V. President And Director | 0.25 | $0 | |
Kathleen Petrone Secretary And Director | 0.25 | $0 | |
Carolyn Carluccio Treasurer And Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,000 |
| Interest on Savings | $6,346 |
| Dividends & Interest | $6,623 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $259,371 |
| Capital Gain Net Income | $259,371 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $297,340 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,785 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $21,291 |
| Contributions, gifts, grants paid | $194,600 |
| Total expenses and disbursements | $215,891 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $74,195 |
| 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 | $123,350 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,337,598 |
| 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, Little Tower Foundation has awarded $194,600 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
A BABYS BREATH PURPOSE: PRENATAL & PARENTING COUNSELING SERVICES | $5,000 |
AIM ACADEMY PURPOSE: FUND EDUCATIONAL PROGRAMS AND SCHOLARSHIPS | $7,500 |
ANGEL FLIGHT EAST PURPOSE: FLY SICK TO HOSPITALS | $5,000 |
CATHOLIC CHARITIES APPEAL PURPOSE: FUND SOCIAL, EDUCATIONAL AND RELIGIOUS PROGRAMS | $2,000 |
CECIL & GRACE BEAN SOUP KITCHEN INC PURPOSE: SUPPORT SOUP KITCHEN TO FEED THE POOR AND HOMELESS | $5,000 |
CIRCLE OF MIRACLES PURPOSE: ASSIST IN DELIVERING FLOWERS TO THE ELDERLY | $2,000 |