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Jimmy Martello Foundation C/O Alex Martello

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

EIN: 550788789 ✦ Towaco, NJ ✦ Designated as a 501(c)(3)

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Overview

What is Jimmy Martello Foundation C/O Alex Martello?

The Jimmy Martello Foundation, overseen by Alex Martello, is a nonprofit organization that offers scholarships to college students hailing from Kinnelon High School, a school that Jimmy Martello himself attended. This charitable entity provides financial aid to talented and deserving students, contributing to their higher education and future prospects. The foundation's mission lies in supporting local youth, thereby giving back to the community that played a significant role in Jimmy Martello's life.

Is Jimmy Martello Foundation C/O Alex Martello legitimate?

Jimmy Martello Foundation C/O Alex Martello is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jimmy Martello Foundation C/O Alex Martello 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.

What is the mission statement of Jimmy Martello Foundation C/O Alex Martello?

The Jimmy Martello Foundation, under the leadership of Alex Martello, focuses on providing scholarships to college students who have attended Kinnelon High School. This initiative is aimed at supporting the educational aspirations of deserving individuals, honoring the legacy of Jimmy Martello. The foundation does not have a publicly stated mission beyond this specific scholarship program.

Who is the CEO of Jimmy Martello Foundation C/O Alex Martello?

Alex Martello Iii is the Trustee of Jimmy Martello Foundation C/O Alex Martello.

What is the revenue of Jimmy Martello Foundation C/O Alex Martello?

Jimmy Martello Foundation C/O Alex Martello's revenue in 2022 was $3,212.

Who are the executives of Jimmy Martello Foundation C/O Alex Martello and what are their salaries?


Here are 2 key members and their salaries:


Alex Martello Iii (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
W Allan Meytrott Jr Cpa (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Jimmy Martello Foundation C/O Alex Martello?

Jimmy Martello Foundation C/O Alex Martello's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Jimmy Martello Foundation C/O Alex Martello

The Jimmy Martello Foundation, led by Alex Martello, is committed to providing scholarships for college students who hail from Kinnelon High School, the same educational institution that Jimmy Martello himself attended. The foundation's mission is to offer financial assistance to these students, enabling them to pursue higher education and fulfill their academic aspirations. The aim is to honor and uphold the legacy of Jimmy Martello by supporting the educational growth of his fellow alumni. The foundation's primary activity lies in granting scholarships, thereby making a meaningful impact on the lives of deserving students.

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Impact




August, 2024

The Jimmy Martello Foundation, managed by Alex Martello, has made a significant impact by providing scholarships to college students from Kinnelon High School, where Jimmy Martello attended. These scholarships have helped students pursue their higher education goals and alleviate financial barriers they may face. By investing in the education of young individuals, the foundation is making a positive contribution to the community and empowering the next generation to achieve their academic dreams.




This information is meant to be a general summary of Jimmy Martello Foundation C/O Alex Martello. 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
$3,212 (2022)
201120122013201420152016201720182019202020212022$-25,000$0$25,000$50,000$75,000
Expenses
$7,500 (2022)
201120122013201420152016201720182019202020212022$0$25,000$50,000$75,000$100k
Efficiency
2011201220132014201520162017201820192020202120220%0.2%0.4%0.6%0.8%1%

Other financial information:

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

  • Gross Receipts: $26,496

Assets and Liabilities:

  • Total Assets: $33,921
  • Total Liabilities: $0
  • Net Assets: $33,921

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Organization Details

Principal Officer

Alex Martello Iii

Main Address

5 Hillcrest Road, Towaco, NJ, 07082

NTEE Category

Code: T30 - Philanthropy

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