Marrazzo Family Foundation
- Assets
- $6.0m
- Revenue
- $247.7k
- Investments
- $5.9m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- Data as of
- 12/2023
- EIN
- 83-3817278
Organization Overview
Marrazzo Family Foundation is located in Philadelphia, PA. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marrazzo 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 12/2023, Marrazzo Family Foundation generated $247.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (45.2%) each year.
Since 2020, Marrazzo Family Foundation has awarded 32 individual grants totaling $1,099,753. 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 |
|---|---|---|---|
Elinor M Marrazzo President | 5 | $0 | |
Jeffrey D Marrazzo Secretary And Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $629 |
| Dividends & Interest | $125,789 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $121,256 |
| Capital Gain Net Income | $121,300 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $247,674 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,974 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $150 |
| Total operating and administrative expenses | $82,911 |
| Contributions, gifts, grants paid | $482,365 |
| Total expenses and disbursements | $565,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $69,407 |
| 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 | $0 |
| Total assets | $6,005,905 |
| 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, Marrazzo Family Foundation has awarded $482,365 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
ROCKEFELLER PHILANTHROPY ADVISORS PURPOSE: TO SUPPORT THE UPSTART CO-LAB SPONSORED PROJECT, AN INITIATIVE THAT FRAMES THE CREATIVE ECONOMY AS AN IMPACT INVESTING PRIORITY. | $25,000 |
GERMANTOWN FRIENDS SCHOOL PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
TILT INSTITUTE PURPOSE: TO SUPPORT THE TEEN PHOTO PROGRAM AT TILT, A FREE AFTER-SCHOOL PROGRAM FOCUSED ON VISUAL LITERACY, PHOTOGRAPHY AND USING THE IMAGE AS MATERIAL TO PROMOTE CRITICAL THINKING, SOCIO-POLITICAL AWARENESS AND COMMUNITY BUILDING. | $15,000 |
DA VINCI ART ALLIANCE PURPOSE: TO SUPPORT THE STEAM EXPLORERS PROGRAM, A FREE PROGRAM OFFERED IN PARTNERSHIP WITH SCHOOLS IN THE KENSINGTON NEIGHBORHOOD OF PHILADELPHIA TO INTEGRATE ART INTO THE SCIENCE CURRICULUM. | $5,000 |
GREATER PHILADELPHIA YMCA PURPOSE: TO SUPPORT THE TEEN TECH CENTER (A PARTNERSHIP WITH THE COMPUTER CLUBHOUSE) AND/OR ITS EXPANSION INTO OTHER BRANCHES, A PROGRAM THAT PROVIDES TEENS WITH ACCESS TO CUTTING-EDGE TECHNOLOGY, RESOURCES AND TRAINING TO MAKE, CREATE, AND INNOVATE. | $25,000 |
THE PHILADELPHIA SCHOOL PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |