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← JOE AND KAY CALVANESE FOUNDATION INCORPORATED

Form 990 for tax year 2022

Filed by JOE AND KAY CALVANESE FOUNDATION INCORPORATED.

Totals

Total revenue
$78,854
Total expenses
$76,970
Contributions and grants received
$18,113
Grants paid
$73,841
Program service revenue
$0
Investment income
$24,961
Other revenue
$35,780
Total assets, end of year
$610,704
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$610,704
Program services expenses (Part IX)
$73,841
Management and general expenses
$3,129
Fundraising expenses
$0
Program service expenses (Part III)
$73,841

Program services were 95.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $15,180

  • 1f · All other contributions, gifts and grants

    $2,933

  • 3 · Investment income

    total $17,521 · excluded $17,521

  • 7a · Gross sales of assets other than inventory

    securities $58,290

  • 7b · Less cost or other basis and sales expenses

    securities $50,850

  • 7c · Gain or loss

    securities $7,440

  • 7d · Net gain or loss

    total $7,440 · excluded $7,440

  • 8a · Fundraising events: gross income

    $82,571

  • 8a · Fundraising events: contributions included on line 1c

    $15,180

  • 8b · Fundraising events: direct expenses

    $46,791

  • 8c · Net income from fundraising events

    total $35,780

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $63,341 · program services $63,341

  • 2 · Grants to domestic individuals

    total $10,500 · program services $10,500

  • 13 · Office expenses

    total $944 · management and general $944

  • 24a · Other expenses: PROGRAM EXPENSES

    total $1,514 · management and general $1,514

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $325 · management and general $325

  • 24c · Other expenses: ANNUAL FILING FEES

    total $160 · management and general $160

  • 24d · Other expenses: INVESTMENT EXPENSES

    total $150 · management and general $150

  • 24e · All other expenses

    total $36 · management and general $36

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $127,438 · end of year $170,820

  • 2 · Savings and temporary cash investments

    beginning of year $65,884

  • 10a · Land, buildings and equipment: cost or other basis

    $1,112

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,112

  • 11 · Investments: publicly traded securities

    beginning of year $502,454 · end of year $439,884

  • 27 · Net assets without donor restrictions

    beginning of year $695,776 · end of year $610,704

Mission and programs · 2022

Mission

THE ORGANIZATION SPONSORS COLLEGE SCHOLARSHIPS TO GRADUATES OF SOUTHINGTON HIGH SCHOOL AND ALSO CONTRIBUTES TO OTHER CHARITABLE ORGANIZATIONS.

  • AWARDS COLLEGE SCHOLARSHIPS TO GRADUATES OF SOUTHINGTON HIGH SCHOOL.

    Expenses $7,000 · Grants $7,000

  • IMPROVES THE SOUTHINGTON COMMUNITY BY AWARDING ALLOCATIONS TO VARIOUS ORGANIZATIONS IN THE COMMUNITY THAT WILL IMPROVE THE OVERALL WELFARE OF THE COMMUNITY BY INCREASING BENEFITS AND SERVICES TO MEMBERS OF THE COMMUNITY.

    Expenses $66,841 · Grants $66,841

As filed on the 2022 return.

Listed in Part VII

  • Alyssa Calvanese

    SECRETARY

    Total calculated
    $0
  • Christopher P Calvanese

    DIRECTOR

    Total calculated
    $0
  • Heather Calvanese

    DIRECTOR

    Total calculated
    $0
  • Mary C Celella

    DIRECTOR

    Total calculated
    $0
  • Lauren Forgione

    VICE PRESIDE

    Total calculated
    $0
  • Margaret C Forgione

    DIRECTOR

    Total calculated
    $0
  • Joseph J Calvanese Jr

    PRESIDENT

    Total calculated
    $0
  • Kathryn C Reinhard

    TREASURER

    Total calculated
    $0
  • Anthony J Urillo

    DIRECTOR

    Total calculated
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
11 November 2023
IRS schema version
2022v5.0
Source object
202343189349305159

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