The Mario & Theresa Spola Family Foundation
The Mario & Theresa Spola Family Foundation is a private foundation focused on Education, based in Hohokus, NJ. IRS filing data is available from 2020 through 2024. In 2024, it awarded 6 grants totaling $353K. Net investment income was $76K.
The Mario & Theresa Spola Family Foundation at a glance
In short: The Mario & Theresa Spola Family Foundation gave $353K across 6 grants in 2024 (avg $59K), mostly in New Jersey. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $353,145
- +213.9% vs 2023
- Grants made (2024)
- 6
- -14.3% vs 2023
- Average grant
- $58,858
- +266.2% vs 2023
- Median grant
- $13,000
- Primary geography
- New Jersey (94% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Mario & Theresa Spola Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
The largest 2024 recipient was Academy of Holy Angels ($236K). Together the top 6 received $353K.
Grant Size Distribution
30 grants across all recorded years
The most common grant size was under $50K: 24 grants of 30 (80%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 6 itemized grants.
Cities
How The Mario & Theresa Spola Family Foundation gives
- Giving grew 124% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $113K (2023) to $353K (2024). In 2024 it made 6 grants totaling $353K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Academy of Holy Angels Demarest, NJ | To Further the Purpose of the 501(C)(3) Organization | $236,000 |
| St Therese of Lisieux Church Cresskill, NJ | To Further the Purpose of the 501(C)(3) Organization | $84,145 |
| School Sisters of Notre Dame Baltimore, MD | To Further the Purpose of the 501(C)(3) Organization | $20,000 |
| Valley Hospital Foundation Ridgewood, NJ | To Further the Purpose of the 501(C)(3) Organization | $6,000 |
| Holy Name Foundation Teaneck, NJ | To Further the Purpose of the 501(C)(3) Organization | $4,000 |
| Carmelite Mission Engelwood, NJ | To Further the Purpose of the 501(C)(3) Organization | $3,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | — | $77,406 | $372,958 | $353,145 | 6 | $371,205 | $75,653 | $14,990 |
| 2023 | $295,762 | $49,676 | $123,466 | $112,500 | 7 | $120,530 | $46,740 | $19,010 |
| 2022 | $369,522 | $84,401 | $181,931 | $170,000 | 6 | $178,030 | $80,500 | $24,860 |
| 2021 | $467,022 | $98,781 | $169,975 | $157,650 | 5 | $165,180 | $93,986 | $34,105 |
| 2020 | $538,186 | $106,392 | $288,075 | $276,200 | 6 | — | $94,517 | $43,076 |
Under IRS private-foundation payout rules, The Mario & Theresa Spola Family Foundation reported a distributable amount of $15K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Mario & Theresa Spola Family Foundation's 2024 filing lists 7 officers; none of the 7 officers listed in 2024 report compensation.
Officers on the 2024 filing
Andrea Spola Lupo
Manager
On filings since 2020
No compensation reported
Andrew Lupo
Manager
On filings since 2020
No compensation reported
John Spola
Manager
On filings since 2020
No compensation reported
Kathleen Naddeo Spola
Manager
On filings since 2020
No compensation reported
Maria Spola Mueller
Manager
On filings since 2020
No compensation reported
Robert Mueller
Manager
On filings since 2020
No compensation reported
Theresa Spola Doyle
Manager
On filings since 2020
No compensation reported
Former officers (1)
- Former: Theresa Spola (2020–2023) — Manager
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Mario & Theresa Spola Family Foundation
How much does The Mario & Theresa Spola Family Foundation give each year?
The Mario & Theresa Spola Family Foundation gave $353K across 6 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $113K across 7 grants.
What is The Mario & Theresa Spola Family Foundation's typical grant size?
The Mario & Theresa Spola Family Foundation's median grant in 2024 was $13,000, and its average grant was $58,858, across 6 grants on its 2024 IRS Form 990-PF.
Where does The Mario & Theresa Spola Family Foundation give grants?
The Mario & Theresa Spola Family Foundation gives mostly in New Jersey: 94% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Maryland (6%).
Does The Mario & Theresa Spola Family Foundation give general operating support?
Not in 2024: none of the 6 grants with a stated purpose on The Mario & Theresa Spola Family Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "To Further the Purpose of the 501(C)(3) Organization" (6 grants).
Who are The Mario & Theresa Spola Family Foundation's largest grantees?
The Mario & Theresa Spola Family Foundation's largest 2024 grantees include Academy of Holy Angels ($236,000), St Therese of Lisieux Church ($84,145) and School Sisters of Notre Dame ($20,000), according to its 2024 IRS Form 990-PF. Together they received 96% of its itemized 2024 grant dollars.
What is The Mario & Theresa Spola Family Foundation?
The Mario & Theresa Spola Family Foundation is a private foundation focused on Education, based in Hohokus, NJ.
How much is The Mario & Theresa Spola Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Mario & Theresa Spola Family Foundation reported a distributable amount of $15K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Mario & Theresa Spola Family Foundation's EIN?
The Mario & Theresa Spola Family Foundation's EIN (Employer Identification Number) is 22-3632964. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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