Polini Family Foundation
- Assets
- $474.8k
- Revenue
- $21.0k
- Investments
- $471.8k
- Employees
- 0
- Location
- Sacramento, CA
- Founding
- 05/2004
- Data as of
- 12/2022
- EIN
- 91-2088798
Organization Overview
Polini Family Foundation is located in Sacramento, CA. The organization was established in 2004. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Polini 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 12/2022, Polini Family Foundation generated $21.0k 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 (11.4%) each year. All expenses for the organization totaled $35.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Polini Family Foundation has awarded 27 individual grants totaling $116,300. 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 |
|---|---|---|---|
Jeffrey J Polini President | 0 | $0 | |
Veronica G Polini Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,521 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,493 |
| Capital Gain Net Income | $11,493 |
| Net ST Capital Gain | $9,396 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $21,014 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,723 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $33 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,138 |
| Contributions, gifts, grants paid | $26,800 |
| Total expenses and disbursements | $35,938 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,000 |
| Savings and temporary cash investments | $0 |
| 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 | $474,791 |
| 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, Polini Family Foundation has awarded $26,800 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BREAKTHROUGH SILICON VALLEY PURPOSE: PROGRAM OPERATIONS | $12,500 |
BE A LEADER PURPOSE: PROGRAM OPERATIONS | $5,000 |
SAINT FRANCIS HIGH SCHOOL PURPOSE: SCHOLARSHIP PROGRAM | $1,500 |
BELLARMINE COLLEGE PREP PURPOSE: FINANCIAL AID SCHOLARSHIP | $1,500 |
SCHOLARSHIP FOUNDATION OF SANTA BARBARA PURPOSE: SCHOLARSHIP PROGRAM | $4,000 |
GOLF FORE AFRICA PURPOSE: PROGRAM OPERATIONS | $2,300 |