Frascella Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HACKETTSTOWN, NJ. IRS filing data is available from 2021 through 2023. As of 2023, the organization holds $58K in total assets. Net investment income was $2K.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
$58K
-10.1% YoY
Revenue
$-1,556
-272.5% YoY
Net Investment Income
$2K
-14.0% YoY
Expenses
$821
-1.9% YoY
Under IRS private-foundation payout rules, Frascella Foundation Inc reported a distributable amount of $4K for 2023 — the minimum it must pay out in qualifying distributions.
About Frascella Foundation Inc
Based on IRS filings
Frascella Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HACKETTSTOWN, NJ. IRS filing data is available from 2021 through 2023. As of 2023, the organization holds $58K in total assets. Net investment income was $2K.
Focus Areas
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Financial History
Multi-year comparison from IRS filings
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $57,923 | $64,440 | $63,709 |
| Revenue | $-1,556 | $902 | $2,514 |
| Expenses | $821 | $837 | $1,053 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $1,797 | $2,089 | $2,514 |
| Distributable Amount | $3,941 | $5,768 | $3,775 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2023
Grant Size Distribution
0 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2023.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL FRASCELLA | PRESIDENT | 10 | — |
| PAUL FRASCELLA | VICE-PRESIDE | — | — |
| SUSAN QUARTARARO | TRUSTEE | — | — |
| STEPHEN MCGARRY | TRUSTEE | — | — |
| WAYNE T SCHWARTZ | TRUSTEE | — | — |
| THOMAS BROWN | TRUSTEE | — | — |
| MICHAEL DENICOLA | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Frascella Foundation Inc?
Frascella Foundation Inc is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in HACKETTSTOWN, NJ. It holds $58K in total assets as of 2023.
How large is Frascella Foundation Inc?
As of 2023, Frascella Foundation Inc holds $58K in total assets with $-1,556 in annual revenue.
How much is Frascella Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, Frascella Foundation Inc reported a distributable amount of $4K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Frascella Foundation Inc's EIN?
Frascella Foundation Inc's EIN (Employer Identification Number) is 27-1382920. IRS Form 990 filing data is available on this page for 2021–2023.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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