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Danny Degennaro Memorial Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 471506949 ✦ Langhorne, PA ✦ Designated as a 501(c)(3)

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Overview

What is Danny Degennaro Memorial Foundation?

The Danny DeGennaro Memorial Foundation is a nonprofit organization, located undisclosed, that focuses on establishing and sustaining a scholarship program in the fields of music and arts for a local community college. Despite the challenges posed by the COVID-19 pandemic, the foundation managed to garner donations in 2020 and secured funding through the SBA EIDL program, acquiring 3500 dollars in long-term loans. Remaining committed to its mission, the foundation continued to raise awareness for its cause.


Official website here: www.dannydegennaro.com

Is Danny Degennaro Memorial Foundation legitimate?

Danny Degennaro Memorial Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Danny Degennaro Memorial Foundation submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Official website here: www.dannydegennaro.com

What is the mission statement of Danny Degennaro Memorial Foundation?

The Danny DeGennaro Memorial Foundation's mission is focused on establishing and sustaining a scholarship program in the fields of music and arts at a local community college. Despite the challenges posed by the COVID-19 pandemic, the foundation managed to secure donations in 2020 and was approved for the Small Business Administration's Economic Injury Disaster Loan Program, receiving a long-term loan of $3500. Despite the obstacles, the foundation continued its efforts to raise awareness for its cause.


Official website here: www.dannydegennaro.com

Who is the CEO of Danny Degennaro Memorial Foundation?

Edward Mero is the President of Danny Degennaro Memorial Foundation.


Official website here: www.dannydegennaro.com

What is the revenue of Danny Degennaro Memorial Foundation?

Danny Degennaro Memorial Foundation's revenue in 2022 was $11,663.


Official website here: www.dannydegennaro.com

Who are the executives of Danny Degennaro Memorial Foundation and what are their salaries?


Here are 3 key members and their salaries:


Edward Mero (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Hunter (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffery Pine (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.dannydegennaro.com

Where can I find the form 990EZ for Danny Degennaro Memorial Foundation?

Danny Degennaro Memorial Foundation's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.dannydegennaro.com

Learn more at the official website: www.dannydegennaro.com

Mission Statement of Danny Degennaro Memorial Foundation

The Danny DeGennaro Memorial Foundation is committed to realizing and sustaining a college scholarship program focusing on music and arts. This nonprofit organization strives to support a local community college, aiming to foster talent and creativity in these fields. Despite the challenges posed by the COVID-19 pandemic, the foundation managed to raise donations in 2020 and was granted 3,500 dollars in long-term borrowings through the SBA's EIDL program. Despite the adversity, the foundation remained dedicated to its mission and continued its efforts to raise awareness for its cause.

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Impact




August, 2024

The Danny DeGennaro Memorial Foundation has had a significant impact on the local community by establishing and maintaining a college scholarship program in music and arts to support a community college. Despite challenges posed by COVID-19, the foundation successfully raised donations in 2020 and secured funding through the SBA EIDL program, receiving $3500 in long-term borrowings. Additionally, the foundation has continued its efforts to raise awareness about its mission and the importance of arts education.




This information is meant to be a general summary of Danny Degennaro Memorial Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$11,663 (2022)
Expenses
$12,602 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $16,337

Assets and Liabilities:

  • Total Assets: $1,535
  • Total Liabilities: $3,485
  • Net Assets: -$1,950

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Organization Details

Principal Officer

Edward Mero

Main Address

1030 Buchanan Drive, Langhorne, PA, 19047

NTEE Category

Code: B82 - Education

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