Alfredo S Masullo Foundation Inc

HACKENSACK, NJ EIN: 22-2512380

Alfredo S Masullo Foundation Inc is a private foundation, based in HACKENSACK, NJ. IRS filing data is available from 2021 through 2023. In 2023, it awarded 1 grants totaling $38K. Net investment income was $811.

Financial Overview

From 2023 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$38K

+1983.7% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$38K

+1983.7% YoY

Under IRS private-foundation payout rules, Alfredo S Masullo Foundation Inc reported a distributable amount of $2K for 2023 — the minimum it must pay out in qualifying distributions.

About Alfredo S Masullo Foundation Inc

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New Jersey $42K (100%)

States

New Jersey

Cities

New Brunswick

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2023	2022	2021
Total Assets	—	$42,660	$43,893
Revenue	$986	$771	$741
Expenses	$38,286	$2,004	$2,106
Qualifying Distributions	$38,286	$1,829	—
Net Investment Income	$811	$596	$566
Distributable Amount	$1,702	$2,146	$2,400

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2023

Grant Size Distribution

3 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2023 grants, the largest include Rutgers University Foundation ($38,111).

Recipient	Purpose	Amount
Rutgers University Foundation New Brunswick, NJ	Scholarship	$38,111

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2023 IRS filing

From 2023 filing

Name	Title	Hours	Compensation
Alfredo S Masullo	Officer	—	—

Frequently Asked Questions

Where does Alfredo S Masullo Foundation Inc operate?

Alfredo S Masullo Foundation Inc has awarded grants in New Jersey.

What size grants does Alfredo S Masullo Foundation Inc award?

In 2023, Alfredo S Masullo Foundation Inc awarded 1 grants totaling $38K — an average of about $38K per grant, based on its IRS Form 990 filings.

How much is Alfredo S Masullo Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2023, Alfredo S Masullo Foundation Inc reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Alfredo S Masullo Foundation Inc's EIN?

Alfredo S Masullo Foundation Inc's EIN (Employer Identification Number) is 22-2512380. IRS Form 990 filing data is available on this page for 2021–2023.