Little Tower Foundation
- Assets
- $2.3m
- Revenue
- $467.3k
- Investments
- $2.2m
- Employees
- 0
- Location
- Plymouth Meeting, PA
- Founding
- 12/2002
- Data as of
- 12/2021
- 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 12/2021, Little Tower Foundation generated $467.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 42.8% each year . All expenses for the organization totaled $131.7k during the year ending 12/2021. While expenses have increased by 14.2% per year over the past 7 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 2016, Little Tower Foundation has awarded 196 individual grants totaling $480,500. 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 | |
Carolyn Carluccio Treasurer And Director | 0.25 | $0 | |
Kathleen Petrone Secretary And Director | 0.25 | $0 | |
Dorothy S Tornetta V. President And Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $273,239 |
| Interest on Savings | $25 |
| Dividends & Interest | $80,580 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $113,417 |
| Capital Gain Net Income | $113,417 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $467,261 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,541 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $23,239 |
| Contributions, gifts, grants paid | $108,500 |
| Total expenses and disbursements | $131,739 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $98,958 |
| 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 | $1,616,558 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,256,149 |
| 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 $108,500 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
Wynnewood, PA PURPOSE: FUND MEDICAL RESEARCH, EDUCATION AND PATIENT CARE ACTIVITIES | $25,000 |
HOLY SAVIOUR CHURCH PURPOSE: FUND SOCIAL, EDUCATIONAL & RELIGIOUS PROGRAMS | $11,000 |
AIM ACADEMY PURPOSE: FUND EDUCATIONAL PROGRAMS AND SCHOLARSHIPS | $5,000 |
Exton, PA PURPOSE: FINANCIAL ASSISTANCE FOR THE DISABLED & HOMELESS | $5,000 |
CECIL & GRACE BEAN SOUP KITCHEN INC PURPOSE: SUPPORT SOUP KITCHEN TO FEED THE POOR AND HOMELESS | $5,000 |
GERMANTOWN ACADEMY PURPOSE: EDUCATIONAL PROGRAMS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Longwood Gardens Inc Kennett Square, PA | $1,437,882,296 | $93,650,257 |
Goldman Sachs Foundation New York, NY | $0 | $131,861,636 |
Commonwealth Fund New York, NY | $0 | $69,444,117 |
Longwood Foundation Inc Wilmington, DE | $0 | $53,076,926 |
The Comcast Nbcuniversal Foundation Philadelphia, PA | $16,720,236 | $25,679,760 |
Sherman Fairchild Foundation Inc Chevy Chase, MD | $608,781,139 | $70,437,193 |
Clark Foundation New York, NY | $443,485,871 | $14,281,811 |
John A Hartford Foundation New York, NY | $722,012,839 | $47,164,108 |
Blackstone Charitable Foundation New York, NY | $141,651,293 | $22,568,243 |
Progressive Insurance Foundation Cleveland, OH | $7,804,354 | $47,823,383 |
Interlaken Foundation Inc NEW YORk, NY | $351,082,390 | $62,213,890 |
Verizon Foundation Basking Ridge, NJ | $26,429,657 | $21,584,016 |