Colatosti Family Foundation
- Assets
- $2.7m
- Revenue
- $106.1k
- Investments
- $820.9k
- Employees
- 0
- Location
- Lexington, MA
- Founding
- Data as of
- 12/2023
- EIN
- 88-3538584
Organization Overview
Colatosti Family Foundation is located in Lexington, MA. 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. Colatosti 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, Colatosti Family Foundation generated $106.1k in total revenue. All expenses for the organization totaled $274.7k during the year ending 12/2023.
Since 2022, Colatosti Family Foundation has awarded 22 individual grants totaling $519,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Colatosti Trustee | 1 | $0 | |
Nancy Colatosti Trustee | 1 | $0 | |
Thomas Colatosti Jr Trustee | 1 | $0 | |
Timothy Colatosti Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $673 |
| Interest on Savings | $0 |
| Dividends & Interest | $105,385 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $106,058 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $173 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $500 |
| Total operating and administrative expenses | $3,173 |
| Contributions, gifts, grants paid | $271,500 |
| Total expenses and disbursements | $274,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,891,650 |
| 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 | $2,712,536 |
| 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, Colatosti Family Foundation has awarded $271,500 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
BANGALI CHRISTIAN MINISTRY PURPOSE: GENERAL SUPPORT | $2,000 |
BOSTON HIGHER EDUCATION RESOURCE CENTER PURPOSE: GENERAL SUPPORT | $100,000 |
BOSTON TRINITY ACADEMY PURPOSE: GENERAL SUPPORT | $2,500 |
BRIGHAM & WOMEN'S HOSPITAL PURPOSE: GENERAL SUPPORT | $25,000 |
ELEVATE NEW ENGLAND PURPOSE: GENERAL SUPPORT | $75,000 |
GORDON CONWELL THEOLOGICAL SEMINARY INC PURPOSE: GENERAL SUPPORT | $10,000 |