DeNicola Family Foundation
EIN 873103605 Private FoundationAbout
We respectfully request that the Foundation's quarterly estimated tax payments be treated as timely and request that no underpayment penalties be assessed because the payment delay was due to reasonable cause. Treasury Regulations SEC. 301.6651-1(c)(1) defines reasonable cause by asking whether the taxpayer exercised ordinary business care and prudence. The Foundation exercised care and prudence in seeking a reputable firm knowledgeable about exempt organizations to submit a payment in a timely fashion for Form 990-PF. Unbeknownst to the Foundation, its administrator inadvertently did not enroll the Foundation in EFTPS in time to make timely quarterly payments. Once this error was discovered, the Foundation was enrolled in EFTPS and the required payment was made. Form 2220 reports the quarterly estimated tax payment as made timely as if the error did not occur, since this was through no fault of the Foundation. The administrator has updated its policies and procedures to ensure that this will not occur in the future. According to the standards set forth in Rev. Proc. 92-85, we believe the Foundation's and its administrator's actions were reasonable and in good faith. The delay in submitting the quarterly estimate was not in any way due to an intentional disregard of IRS rules but rather a clerical error. Therefore, we believe the Foundation is entitled to abatement of any penalty.
Focus Areas
Application Information
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2021 | N/A | $5.0M | $5.2M | N/A |
| 2022 | $111K | $4.1M | $-513K | 9 |
| 2023 | $89K | $4.3M | $13K | 14 |
| 2024 | $85K | $4.6M | $307K | 20 |
Grant Size Distribution
Based on 43 grants on record
Geographic Distribution
Officers & Directors
Grants Awarded (43 total)
| Purpose | ||||
|---|---|---|---|---|
| A Meaningful Purpose | Egg Harbor Township, NJ | $50,000 | General Fund, Kitchen fund, and environment enrichment programs | 2022 |
| Giving Back Fund Inc | Boston, MA | $25,000 | General & Unrestricted | 2022 |
| Temple University | New York, NY | $25,000 | DeNicola Family Foundation COPD and Emphysema Research Fund | 2023 |
| Temple University | New York, NY | $25,000 | Rome campus | 2024 |
| Thomas Jefferson University | Philadelphia, PA | $20,000 | General & Unrestricted | 2024 |
| Norristown Zoological Society | Norristown, PA | $15,000 | Charles L. Blockson Exhibition for the Underground Railroad fund | 2022 |
| Thomas Jefferson University | Philadelphia, PA | $15,000 | General & Unrestricted | 2023 |
| Robert W Maxwell Memorial Football Club | Ambler, PA | $15,000 | General & Unrestricted | 2023 |
| Johns Hopkins University | Baltimore, MD | $10,000 | Summer Intern Fund Before Medical School | 2023 |
| Norristown Zoological Society | Norristown, PA | $10,000 | Charitable Event | 2024 |
| God Feeds | Norristown, PA | $5,500 | Thanksgiving dinners | 2024 |
| Runway of Dreams Foundation | Livingston, NJ | $5,000 | General & Unrestricted | 2022 |
| United Charitable | Ashburn, VA | $5,000 | Change Our Future fund | 2022 |
| Able Body Christian Men | Philadelphia, PA | $5,000 | GENERAL & UNRESTRICTED | 2022 |
| A Meaningful Purpose | Egg Harbor Township, NJ | $5,000 | Installation of a farm to table teaching garden at the Boys & Girls Club in Atlantic City | 2023 |
| Giving Back Fund Inc | Boston, MA | $5,000 | From The Depths fund | 2023 |
| A Meaningful Purpose | Egg Harbor Township, NJ | $5,000 | General & Unrestricted | 2024 |
| Norristown Zoological Society | Norristown, PA | $5,000 | Charitable Event | 2024 |
| Ronald McDonald House Charities of Central and Nor | Phoenix, AZ | $4,300 | General & Unrestricted (see general explanation) | 2023 |
| Team Overtime | Bear, DE | $3,000 | support center remote programs | 2022 |
| Animal Welfare Association Incorporated | Voorhees, NJ | $2,500 | General & Unrestricted | 2023 |
| Norristown Zoological Society | Norristown, PA | $2,500 | Charitable Event | 2023 |
| Ronald McDonald House Charities -Greater Las Vegas | Las Vegas, NV | $2,265 | Super bowl event (see in-kind grant general explanation) | 2024 |
| Police Athletic League of Philadelphia | Philadelphia, PA | $1,633 | For backpacks for Back to School event | 2024 |
| Mercy Neighborhood Ministries Inc | Philadelphia, PA | $1,500 | Chase Books fund | 2022 |
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