Mario P & Bianca C Borini Foundation Inc
- Assets
- $4.2m
- Revenue
- $237.0k
- Investments
- $4.2m
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 02/1996
- Data as of
- 05/2024
- EIN
- 88-0343561
Organization Overview
Mario P & Bianca C Borini Foundation Inc is located in Las Vegas, NV. The organization was established in 1996. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Mario P & Bianca C Borini Foundation Inc 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 05/2024, Mario P & Bianca C Borini Foundation Inc generated $237.0k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 17.8% each year . All expenses for the organization totaled $294.5k during the year ending 05/2024. While expenses have increased by 16.8% per year over the past 9 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, Mario P & Bianca C Borini Foundation Inc has awarded 119 individual grants totaling $1,351,795. 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 |
|---|---|---|---|
Joseph C Borini President/trustee | 3 | $0 | |
Joanne S Borini Secretary/treasurer/truste | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $214 |
| Dividends & Interest | $232,098 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,703 |
| Capital Gain Net Income | $4,703 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $237,015 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,839 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,200 |
| Total operating and administrative expenses | $13,039 |
| Contributions, gifts, grants paid | $281,500 |
| Total expenses and disbursements | $294,539 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $51,200 |
| 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 | $4,221,301 |
| 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, Mario P & Bianca C Borini Foundation Inc has awarded $281,500 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
BILLION OYSTER PROJECT PURPOSE: TO RESTORE OYSTER REEFS TO NEW YORK HARBOR THROUGH PUBLIC EDUCATION INITIATIVES. | $1,000 |
BREAKING GROUND PURPOSE: TO PROVIDE AFFORDABLE HOUSING AND SUPPORT PROGRAMS FOR HOMELESS AND VULNERABLE NEW YORKERS. | $1,000 |
CALVARY HOSPITAL BRONX CAMPUS PURPOSE: ADDRESSING THE PHYSICAL, EMOTIONAL, AND SPIRITUAL NEEDS OF TERMINALLY ILL PATIENTS AND THEIR LOVED ONES. | $2,500 |
CATHOLIC CHARITIES OF SOUTHERN NEVADA PURPOSE: PROVIDES FOOD, SHELTER AND COMPREHENSIVE SERVICES AND INSPIRES OUR COMMUNITY THROUGH COLLABORATION, RECOGNIZING THAT EACH PERSON IS CREATED IN THE IMAGE AND LIKENESS OF GOD, AND THAT GOD'S COMPASSION TRANSFORMS LIVES. | $10,000 |
CAMP SOUSLEY SCHOLARSHIP FUND PURPOSE: CAMP SOUSLEY IS AN IDEAL CHOICE FOR FOREIGN STUDENTS LOOKING TO ENGAGE WITH A PREMIER SUMMER MILITARY PREPARATORY PROGRAM. MOST SKILLS TAUGHT AT THE MILITARY ADVENTURE CAMP ARE NOT US SPECIFIC AND CAN BE UTILIZED AT MILITARIES AND SECURITY COMPANIES AROUND THE WORLD. | $10,000 |
CHESTER COUNTY FOOD BANK - MCNEIL FOOD BANK PURPOSE: TO ADDRESS THE ESCALATING HUNGER PROBLEM IN CHESTER COUNTY, PA BY HAVING A VIABLE, SUSTAINABLE ORGANIZATION THAT SECURES, MANAGES, AND DISTRIBUTES FOOD TO THOSE IN NEED. | $5,000 |