Skip to content
ProPublica Donate

Leonard C Grasso Charitable Foundation

Organization summary

Organization summary might be incomplete or out of date

This organization is not listed in the IRS's most recent list of tax exempt organizations, but we have data associated with this Employer Identification Number.

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Summary charts: organization finances over time

Revenue
$440 (2025)

Expenses
$30.1k (2025)

Total Assets
$0 (2025)

Total Liabilities
$0 (2025)

Source: Form 990 tax filings from 2011 to 2025

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2025

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$440
Expenses
$30,055
Net Income
-$29,615
Net Assets
$0
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $1,198
> 100%
Sales of Assets -$758
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $19,000
63.2%
Compensation of Officers* $2,919
9.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $0
Total Liabilities $0
Net Assets $0
Compensation
Key Employees and Officers Compensation Other
Kimberly J Gallagher (Vice President) $2,919 $0
Alice E Grasso (President) $0 $0
Kemper Arnold Co Vantage Financial (Secretary / Treasurer) $0 $0
Jessica Grasso (Vice President/Director) $0 $0
Rachel A Grasso (Vice President/Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$4,334
Expenses
$33,087
Net Income
-$28,753
Net Assets
$29,615
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $793
18.3%
Sales of Assets $3,541
81.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $29,750
89.9%
Compensation of Officers* $1,050
3.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $29,615
Total Liabilities $0
Net Assets $29,615
Compensation
Key Employees and Officers Compensation Other
Kimberly J Gallagher (Vice President) $1,050 $0
Alice E Grasso (President) $0 $0
Kemper Arnold Co Vantage Financial (Secretary / Treasurer) $0 $0
Jessica Grasso (Vice President/Director) $0 $0
Rachel A Grasso (Vice President/Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,057
Expenses
$29,354
Net Income
-$27,297
Net Assets
$59,118
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $5
0.2%
Dividends $1,735
84.3%
Sales of Assets $317
15.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $26,000
88.6%
Compensation of Officers* $1,050
3.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $59,118
Total Liabilities $0
Net Assets $59,118
Compensation
Key Employees and Officers Compensation Other
Kimberly J Gallagher (Vice President) $1,050 $0
Alice E Grasso (President) $0 $0
Kemper Arnold Co Vantage Financial (Secretary / Treasurer) $0 $0
Jessica Grasso (Vice President/Director) $0 $0
Rachel A Grasso (Vice President/Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$5,139
Expenses
$29,498
Net Income
-$24,359
Net Assets
$80,589
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $2,254
43.9%
Sales of Assets $2,885
56.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $26,000
88.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $80,589
Total Liabilities $0
Net Assets $80,589
Compensation
Key Employees and Officers Compensation Other
Alice E Grasso (President) $0 $0
Kimberly J Gallagher (Vice President) $0 $0
Kemper Arnold Co Vantage Financial (Secretary / Treasurer) $0 $0
Jessica Grasso (Vice President/Director) $0 $0
Rachel A Grasso (Vice President/Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$17,682
Expenses
$29,377
Net Income
-$11,695
Net Assets
$119,482
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $5,977
33.8%
Sales of Assets $11,705
66.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $26,000
88.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $119,482
Total Liabilities $0
Net Assets $119,482
Compensation
Key Employees and Officers Compensation Other
Alice E Grasso (President) $0 $0
Kimberly J Gallagher (Vice President) $0 $0
Kemper Arnold Co Vantage Financial (Secretary / Treasurer) $0 $0
Jessica Grasso (Vice President/Director) $0 $0
Rachel A Grasso (Vice President/Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$8,606
Expenses
$27,733
Net Income
-$19,127
Net Assets
$136,135
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $5,463
63.5%
Sales of Assets $3,042
35.3%
Other Income $101
1.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $25,000
90.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $136,136
Total Liabilities $1
Net Assets $136,135
Compensation
Key Employees and Officers Compensation Other
Alice E Grasso (President) $0 $0
Kimberly J Gallagher (Vice President) $0 $0
Kemper Arnold Co Vantage Financial (Secretary / Treasurer) $0 $0
Jessica Grasso (Vice President/Director) $0 $0
Rachel A Grasso (Vice President/Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$7,950
Expenses
$17,938
Net Income
-$9,988
Net Assets
$145,520
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $5,971
75.1%
Sales of Assets $1,974
24.8%
Other Income $5
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $15,000
83.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $145,521
Total Liabilities $1
Net Assets $145,520
Compensation
Key Employees and Officers Compensation Other
Alice E Grasso (President) $0 $0
Kimberly J Gallagher (Vice President) $0 $0
Kemper Arnold Co Vantage Financial (Secretary / Treasurer) $0 $0
Jessica Grasso (Vice President/Director) $0 $0
Rachel A Grasso (Vice President/Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$8,681
Expenses
$10,580
Net Income
-$1,899
Net Assets
$158,033
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $5,653
65.1%
Sales of Assets $3,028
34.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $8,000
75.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $158,033
Total Liabilities $0
Net Assets $158,033
Compensation
Key Employees and Officers Compensation Other
Alice E Grasso (President) $0 $0
Kimberly J Gallagher (Vice President) $0 $0
Kemper Arnold Co Vantage Financial (Secretary / Treasurer) $0 $0
Jessica Grasso (Vice President/Director) $0 $0
Rachel A Grasso (Vice President/Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$8,742
Expenses
$9,738
Net Income
-$996
Net Assets
$166,810
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $6,247
71.5%
Sales of Assets $2,495
28.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $7,000
71.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $166,810
Total Liabilities $0
Net Assets $166,810
Compensation
Key Employees and Officers Compensation Other
Alice E Grasso (President) $0 $0
Kimberly J Gallagher (Vice President) $0 $0
Kemper Arnold Co Vantage Financial (Secretary / Treasurer) $0 $0
Jessica Grasso (Vice President/Director) $0 $0
Rachel A Grasso (Vice President/Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$6,090
Expenses
$12,717
Net Income
-$6,627
Net Assets
$165,181
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $5,548
91.1%
Sales of Assets $542
8.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $10,000
78.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $165,181
Total Liabilities $0
Net Assets $165,181
Compensation
Key Employees and Officers Compensation Other
Alice E Grasso (President) $0 $0
Kimberly J Gallagher (Vice President) $0 $0
Kemper Arnold Co Vantage Financial (Secretary / Treasurer) $0 $0
Jessica Grasso (Vice President/Director) $0 $0
Rachel A Grasso (Vice President/Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$11,733
Expenses
$12,872
Net Income
-$1,139
Net Assets
$175,162
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $500
4.3%
Interest Revenue $0
Dividends $5,658
48.2%
Sales of Assets $5,575
47.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $10,000
77.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $175,162
Total Liabilities $0
Net Assets $175,162
Compensation
Key Employees and Officers Compensation Other
Alice E Grasso (President) $0 $0
Kimberly J Gallagher (Vice President) $0 $0
Kemper Arnold Co Vantage Financial (Secretary / Treasurer) $0 $0
Jessica Grasso (Vice President/Director) $0 $0
Rachel A Grasso (Vice President/Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$9,912
Expenses
$8,705
Net Income
$1,207
Net Assets
$177,314
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $5,591
56.4%
Sales of Assets $4,321
43.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $6,000
68.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $177,314
Total Liabilities $0
Net Assets $177,314
Compensation
Key Employees and Officers Compensation Other
Alice E Grasso (President) $0 $0
Kimberly J Gallagher (Vice President) $0 $0
Kemper Arnold Co Vantage Financial (Secretary / Treasurer) $0 $0
Jessica Grasso (Vice President/Director) $0 $0
Rachel A Grasso (Vice President/Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$4,497
Expenses
$7,438
Net Income
-$2,941
Net Assets
$115,444
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $2,679
59.6%
Sales of Assets $1,818
40.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $5,100
68.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $115,444
Total Liabilities $0
Net Assets $115,444
Compensation
Key Employees and Officers Compensation Other
Alice E Grasso (President) $0 $0
Kimberly J Gallagher (Vice President) $0 $0
Kemper Arnold Co Vantage Financial (Secretary / Treasurer) $0 $0
Jessica Grasso (Vice President) $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,341
Expenses
$8,569
Net Income
-$6,228
Net Assets
$118,384
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1
0.0%
Dividends $604
25.8%
Sales of Assets $1,736
74.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $5,980
69.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $118,385
Total Liabilities $1
Net Assets $118,384

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,057
Expenses
$6,991
Net Income
-$3,934
Net Assets
$124,612
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $107
3.5%
Dividends $1,018
33.3%
Sales of Assets $1,932
63.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $4,500
64.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $124,613
Total Liabilities $1
Net Assets $124,612

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

See an issue with the data?

Contact Us