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Nonprofiteer
← PANEBIANCO FAMILY FOUNDATION

Form 990 for tax year 2024

Filed by PANEBIANCO FAMILY FOUNDATION.

Totals

Total revenue
$326,846
Total expenses
$122,362
Contributions and grants received
$41,707
Grants paid
$75,000
Program service revenue
$0
Investment income
$302,798
Other revenue
-$17,659
Total assets, end of year
$1,843,632
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,843,632
Program services expenses (Part IX)
$85,500
Management and general expenses
$36,862
Fundraising expenses
$0
Program service expenses (Part III)
$85,500

Program services were 69.9% 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

    $41,707

  • 1g · Noncash contributions included above

    $8,035

  • 3 · Investment income

    total $6,145 · excluded $6,145

  • 7a · Gross sales of assets other than inventory

    securities $4,125,399

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

    securities $3,828,746

  • 7c · Gain or loss

    securities $296,653

  • 7d · Net gain or loss

    total $296,653 · excluded $296,653

  • 8a · Fundraising events: gross income

    $26,201

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

    $41,707

  • 8b · Fundraising events: direct expenses

    $43,860

  • 8c · Net income from fundraising events

    total -$17,659 · excluded -$17,659

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $75,000 · program services $75,000

  • 11a · Fees: management

    total $21,000 · program services $10,500 · management and general $10,500

  • 23 · Insurance

    total $1,812 · management and general $1,812

  • 24a · Other expenses: BANK FEES

    total $24,274 · management and general $24,274

  • 24b · Other expenses: FOREIGN TAXES

    total $251 · management and general $251

  • 24c · Other expenses: REGISTRATION FEES

    total $25 · management and general $25

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,312 · end of year $1,709

  • 2 · Savings and temporary cash investments

    beginning of year $573,152 · end of year $13,425

  • 11 · Investments: publicly traded securities

    beginning of year $1,064,684 · end of year $1,828,498

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,639,148 · end of year $1,843,632

Mission and programs · 2024

Mission

ASSIST OTHER ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) AND SECTION 509(A)(1) OR SECTION 509(A)(2) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION WILL ACCOMPLISH ITS GOALS BY PROVIDING GRANTS TO OTHER NONPROFIT ORGANIZATIONS AS DETERMINED BY ITS BOARD OF DIRECTORS.

  • ASSIST OTHER ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) AND SECTION 509(A)(1) OR SECTION 509(A)(2) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION WILL ACCOMPLISH ITS GOALS BY PROVIDING GRANTS TO OTHER NONPROFIT ORGANIZATIONS AS DETERMINED BY ITS BOARD OF DIRECTORS.

    Expenses $85,500 · Grants $75,000

As filed on the 2024 return.

Listed in Part VII

  • JOSEPH PANEBIANCO

    PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MORGAN GRACE PANEBIANCO

    SECRETARY/DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MADELYN ROSE PANEBIANCO

    TREASURER/DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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
2024
Filed
14 May 2025
IRS schema version
2024v5.1
Source object
202511489349300136

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