Overview
What is John T Paolella Family Charitable Foundation?
The John T Paolella Family Charitable Foundation is a philanthropic entity, situated in Burr Ridge, Illinois. Its primary mission is to offer aid and contribute funds to various charitable organizations, as well as those that are scientific, educational, or serve other noble purposes. This is in line with the guidelines set forth in IRS Code Section 501(c)(3). In addition to this, the foundation extends its benevolence towards assisting children, veterans, and the elderly, demonstrating a wide-ranging commitment to supporting diverse communities.
Is John T Paolella Family Charitable Foundation legitimate?
John T Paolella Family Charitable Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. John T Paolella Family Charitable Foundation submitted a form 990, 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of John T Paolella Family Charitable Foundation?
The John T Paolella Family Charitable Foundation is committed to offering aid to children, veterans, and the elderly. Additionally, it extends grants to various charitable, scientific, educational, or other organizations categorized under Section 501(c)(3) of the U.S. tax code. The foundation's primary objective is to contribute to the betterment of these groups, ensuring they receive necessary assistance and support. By making donations to eligible organizations, the foundation aims to contribute to a wider range of social causes and improve the lives of those in need.
Who is the CEO of John T Paolella Family Charitable Foundation?
John Paolella is the President & Ceo of John T Paolella Family Charitable Foundation. The CEO's salary of John T Paolella Family Charitable Foundation is $0 and their total compensation is $0.
What is the revenue of John T Paolella Family Charitable Foundation?
John T Paolella Family Charitable Foundation's revenue in 2022 was $908,194.
Who are the executives of John T Paolella Family Charitable Foundation and what are their salaries?
Here are 4 key members and their salaries (John T Paolella Family Charitable Foundation's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for John T Paolella Family Charitable Foundation?
John T Paolella Family Charitable Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of John T Paolella Family Charitable Foundation
The John T Paolella Family Charitable Foundation is dedicated to offering aid and support to various vulnerable populations. Its primary mission is to extend assistance to children, veterans, and the elderly. Beyond this, the foundation also extends grants to a diverse array of charitable, scientific, educational, or other organizations that fall under the 501(c)(3) category of the Internal Revenue Code. By doing so, the foundation seeks to contribute to the betterment of society in multiple capacities.
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Impact
July, 2024
The John T Paolella Family Charitable Foundation aims to provide assistance to children, veterans, and the elderly, as well as make grants to other charitable, scientific, educational, or other organizations described in code section 501(c)(3). This foundation was organized in October 2020 and received its determination letter on March 15, 2021. While no activity was incurred during 2020 and 2021, the foundation's impact is expected to be significant once it becomes fully operational in fulfilling its mission of supporting those in need and contributing to various charitable causes.
This information is meant to be a general summary of John T Paolella Family Charitable 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $8,194
- Gross Receipts: $908,194
Assets and Liabilities:
- Total Assets: $918,694
- Total Liabilities: $5,000
- Net Assets: $913,694
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Organization Details
Founding Year
2020
Phone
(630) 865-6164Principal Officer
John Paolella
Main Address
C/O JPaolella 6130 Elm Street, Burr Ridge, IL, 60527
NTEE Category
Code: T30 - Philanthropy
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