Smarelli Charitable Tr
- Assets
- $1.9m
- Revenue
- $114.4k
- Investments
- $1.9m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 02/2019
- Data as of
- 12/2023
- EIN
- 81-6924530
Organization Overview
Smarelli Charitable Tr is located in Milwaukee, WI. The organization was established in 2019. 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. Smarelli Charitable Tr 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 12/2023, Smarelli Charitable Tr generated $114.4k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $188.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Smarelli Charitable Tr has awarded 31 individual grants totaling $1,426,666. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary J Smarelli Trustee | 1 | $0 | |
John V Doherty Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $171 |
| Dividends & Interest | $55,758 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $58,476 |
| Capital Gain Net Income | $58,476 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $114,405 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,525 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20 |
| Total operating and administrative expenses | $4,836 |
| Contributions, gifts, grants paid | $183,200 |
| Total expenses and disbursements | $188,036 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,073 |
| 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 | $76,243 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,882,602 |
| 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, Smarelli Charitable Tr has awarded $183,200 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
EISENHOWER CENTER INC PURPOSE: CHARITABLE | $100,000 |
TWIN BRIDGE RESCUE SQUAD PURPOSE: MEDICAL | $2,000 |
PIUS XI HIGH SCHOOL PURPOSE: EDUCATIONAL | $79,200 |
NPHY HOMELESS PROGRAM PURPOSE: CHARITABLE | $2,000 |