James & Florence Depolo Foundation
- Assets
- $292.5k
- Revenue
- $16.2k
- Investments
- $275.7k
- Employees
- 0
- Location
- Falls, PA
- Founding
- 01/1998
- Data as of
- 12/2022
- EIN
- 83-0320187
Organization Overview
James & Florence Depolo Foundation is located in Falls, PA. The organization was established in 1998. 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. James & Florence Depolo 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, James & Florence Depolo Foundation generated $16.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $39.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, James & Florence Depolo Foundation has awarded 178 individual grants totaling $237,660. 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
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Florence Depolo Director | 1 | $0 | |
James Depolo Director | 1 | $0 | |
David Depolo Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $5,857 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,298 |
| Capital Gain Net Income | $10,298 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $16,156 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $511 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $7,288 |
| Contributions, gifts, grants paid | $31,980 |
| Total expenses and disbursements | $39,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,782 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $3,015 |
| 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 | $275,714 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $292,511 |
| 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, James & Florence Depolo Foundation has awarded $31,980 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
ALLONE FOUNDATION & CHARITIES PURPOSE: CHARITABLE, GENERAL FUND | $200 |
BOY SCOUTS OF AMERICA NORTHEASTERN PENNSYLVANIA COUNCIL PURPOSE: CHARITABLE, GENERAL FUND | $1,500 |
CATHERINE MCAULEY CENTER PURPOSE: EDUCATION, GENERAL FUND | $100 |
CASA OF LUZERNE COUNTY PURPOSE: EDUCATION, GENERAL FUND | $4,800 |
CHILD FUND INTERNATIONAL PURPOSE: CHARITABLE, GENERAL FUND | $1,000 |
CORPUS CHRISTI PARISH PURPOSE: RELIGIOUS, GENERAL FUND | $2,000 |