The James & Loretta Colotto Foundation
The James & Loretta Colotto Foundation is a private independent foundation based in Hackensack, New Jersey. Designated as a 501(c)(3) organization, the foundation operates as a grantmaking entity focused on supporting charitable causes through philanthropic contributions to other tax-exempt organizations.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.3M
-4.2% YoY
Annual Giving
$272K
-8.9% YoY
Grant Count
39
-2.5% YoY
Avg Grant Size
$7K
-6.6% YoY
Mission & Focus Areas
The foundation's primary funding priorities include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Community Health
- Health and Medical Services
- Health and Wellness
Grantmaking
The foundation does not currently maintain active grant opportunities for prospective applicants.
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Geographic Focus
Where this funder awards grants
The foundation primarily directs its grantmaking toward organizations in:
- New Jersey
- New York
- Maryland
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Total Assets: $2,324,258 (most recent filing)
Total Assets (2023): $2.43 million
Total Liabilities (2023): $85,100
Annual Revenue (2023): $194,000
Annual Expenses (2023): $390,000
Tax-Exempt Status: The foundation has maintained tax-exempt status since April 2001.
EIN: 22-3769926
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,324,258 | $2,426,500 | $2,620,081 |
| Revenue | $270,702 | $193,627 | $304,144 |
| Expenses | $366,881 | $390,340 | $389,152 |
| Qualifying Distributions | $317,330 | $342,810 | $338,905 |
| Net Investment Income | $241,300 | $164,880 | $273,950 |
| Distributable Amount | $183,640 | $183,981 | $213,471 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
192 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL GILMARTIN | Secretary | 3 | $24,502 |
| PETER G BOWEN | President | 3 | $24,502 |
| MICHAEL SCICUTELLA | Vice President | 3 | $24,502 |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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