Molinini Family Foundation
- Assets
- $997.7k
- Revenue
- $50.5k
- Investments
- $979.4k
- Employees
- 0
- Location
- Apex, NC
- Founding
- 03/2017
- Data as of
- 12/2022
- EIN
- 81-4110308
Organization Overview
Molinini Family Foundation is located in Apex, NC. The organization was established in 2017. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Molinini Family 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, Molinini Family Foundation generated $50.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.0%) each year. All expenses for the organization totaled $79.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Molinini Family Foundation has awarded 61 individual grants totaling $325,000. 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
THE FOUNDATION DISTRIBUTED $66,000 TO 6 ORGANIZATIONS DURING 2022 FOR VARIOUS CHARITABLE PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lillian M Molinini President | 2 | $0 | |
Michael L Molinini Director | 2 | $0 | |
Louis J Molinini Director | 2 | $0 | |
Meaghan F Molinini Director | 2 | $0 | |
Jennifer A Schick Director | 2 | $0 | |
Julia M Molinini Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $17,548 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $32,917 |
| Capital Gain Net Income | $32,917 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $50,465 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,852 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,192 |
| Total operating and administrative expenses | $13,916 |
| Contributions, gifts, grants paid | $66,000 |
| Total expenses and disbursements | $79,916 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,394 |
| 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 | $912 |
| Total assets | $997,716 |
| 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, Molinini Family Foundation has awarded $66,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ARROWHEAD BIBLE CAMP PURPOSE: SUPPORT RELIGIOUS ACTIVITIES | $8,000 |
CELEBRATE RVA PURPOSE: SOCIAL SERVICES | $3,000 |
LITTLE LIGHTS URBAN MINISTRIES PURPOSE: SOCIAL SERVICES | $5,000 |
MOTHER TERESA CATHOLIC MISSION PURPOSE: SUPPORT RELIGIOUS ACTIVITIES | $40,000 |
SAMARITAN'S PURSE PURPOSE: SOCIAL SERVIES | $5,000 |
THE BARN AT SPRING BROOK FARM INC PURPOSE: SOCIAL SERVICES | $5,000 |