Frank V Sica and Colleen is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MARLBORO, NJ. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $181K in total assets. In 2024, it awarded 6 grants totaling $735K. Net investment income was $150K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$181K
-72.1% YoY
Annual Giving
$735K
+144.2% YoY
Grant Count
6
+100.0% YoY
Avg Grant Size
$123K
+22.1% YoY
Under IRS private-foundation payout rules, Frank V Sica and Colleen reported a distributable amount of $20K for 2024 — the minimum it must pay out in qualifying distributions.
About Frank V Sica and Colleen
Based on IRS filings
Frank V Sica and Colleen is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MARLBORO, NJ. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $181K in total assets. In 2024, it awarded 6 grants totaling $735K. Net investment income was $150K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $180,626 | $646,763 | $130,225 |
| Revenue | $282,709 | $841,650 | $1,411,900 |
| Expenses | $735,050 | $304,300 | $1,373,250 |
| Qualifying Distributions | $735,000 | $301,000 | $1,370,000 |
| Net Investment Income | $150,059 | $254,988 | $118,208 |
| Distributable Amount | $20,430 | $7,781 | $13,301 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
35 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Ohio State University ($250,000), Center for Employment Opp-ceo ($250,000), concern worldwide ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| OHIO STATE UNIVERSITY COLUMBUS, OH | COLLEEN MCMAHON FACULTY EXCELLENCE FUND IN MUSIC | $250,000 |
| FAIRFIELD COLLEGE PREPARATORY SCHOO FAIRFIELD, CT | FAIRFILED PREP FUND | $20,000 |
| CATHOLIC ACADEMY OF BRIDGEPORT BRIDGEPORT, CT | ST JOAN MAGNETTI SCHLORSHIP FUND | $90,000 |
| CENTER FOR EMPLOYMENT OPP-CEO NEW YORK, NY | UNRESTRICTED | $250,000 |
| concern worldwide NEW YORK, NY | UNRESTRICTED | $100,000 |
| THE NATIONAL ITALIAN AMERICAN FOUND WASHINGTON, DC | UNRESTIRCTED | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| FRANK V SICA | Trustee | — | — |
| COLLEEN MCMAHON | Trustee | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Frank V Sica and Colleen?
Frank V Sica and Colleen is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MARLBORO, NJ. It holds $181K in total assets as of 2024.
How large is Frank V Sica and Colleen?
As of 2024, Frank V Sica and Colleen holds $181K in total assets with $283K in annual revenue. It awarded 6 grants totaling $735K in 2024.
Where does Frank V Sica and Colleen operate?
Frank V Sica and Colleen has awarded grants in Connecticut, District of Columbia, Florida, Massachusetts, New Jersey, New York, Ohio, Wisconsin.
What size grants does Frank V Sica and Colleen award?
In 2024, Frank V Sica and Colleen awarded 6 grants totaling $735K — an average of about $123K per grant, based on its IRS Form 990 filings.
How much is Frank V Sica and Colleen required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Frank V Sica and Colleen reported a distributable amount of $20K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Frank V Sica and Colleen's EIN?
Frank V Sica and Colleen's EIN (Employer Identification Number) is 31-6651857. IRS Form 990 filing data is available on this page for 2019–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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