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Frascella Foundation Inc

  • Hackettstown, NJ
  • Tax-exempt since Oct. 2010
  • EIN: 27-1382920

Organization summary

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 / Corporate Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
−$1.56k (2023)

Expenses
$821 (2023)

Total Assets
$57.9k (2023)

Total Liabilities
$3.5k (2023)

Source: Form 990 tax filings from 2011 to 2023

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 Aug.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$1,556
Expenses
$821
Net Income
-$2,377
Net Assets
$54,419
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $3
Dividends $1,794
Sales of Assets -$3,353
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $0
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 $57,923
Total Liabilities $3,504
Net Assets $54,419
Compensation
Key Employees and Officers Compensation Other
Michael Frascella (President) $0 $0
Paul Frascella (Vice Preside) $0 $0
Susan Quartararo (Trustee) $0 $0
Stephen Mcgarry (Trustee) $0 $0
Wayne T Schwartz (Trustee) $0 $0
Thomas Brown (Trustee) $0 $0
Michael Denicola (Trustee) $0 $0
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Document Links

990-PF
Filed on Oct. 20, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Aug.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$902
Expenses
$837
Net Income
$65
Net Assets
$61,551
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $3
0.3%
Dividends $2,086
> 100%
Sales of Assets -$1,187
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $0
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 $64,440
Total Liabilities $2,889
Net Assets $61,551
Compensation
Key Employees and Officers Compensation Other
Michael Frascella (President) $0 $0
Paul Frascella (Vice President) $0 $0
Susan Quartararo (Trustee) $0 $0
Stephen Mcgarry (Trustee) $0 $0
Wayne T Schwartz (Trustee) $0 $0
Thomas Brown (Trustee) $0 $0
Michael Denicola (Trustee) $0 $0
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Document Links

990-PF
Filed on Dec. 7, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Aug.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,514
Expenses
$1,053
Net Income
$1,461
Net Assets
$61,486
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1
0.0%
Dividends $2,513
100.0%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $0
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 $63,709
Total Liabilities $2,223
Net Assets $61,486
Compensation
Key Employees and Officers Compensation Other
Michael Frascella (President) $0 $0
Paul Frascella (Vice President) $0 $0
Susan Quartararo (Trustee) $0 $0
Stephen Mcgarry (Trustee) $0 $0
Wayne T Schwartz (Trustee) $0 $0
Thomas Brown (Trustee) $0 $0
Michael Denicola (Trustee) $0 $0
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Document Links

990-PF
Filed on Sept. 21, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Aug.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,910
Expenses
$801
Net Income
$2,109
Net Assets
$60,025
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $2
0.1%
Dividends $2,908
99.9%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $0
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 $61,572
Total Liabilities $1,547
Net Assets $60,025
Compensation
Key Employees and Officers Compensation Other
Michael Frascella (President) $0 $0
Paul Frascella (Vice President) $0 $0
Susan Quartararo (Trustee) $0 $0
Stephen Mcgarry (Trustee) $0 $0
Wayne T Schwartz (Trustee) $0 $0
Thomas Brown (Trustee) $0 $0
Michael Denicola (Trustee) $0 $0
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Document Links

990-PF
Filed on Oct. 6, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Aug.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,028
Expenses
$801
Net Income
$2,227
Net Assets
$57,916
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $8
0.3%
Dividends $3,020
99.7%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $0
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 $58,837
Total Liabilities $921
Net Assets $57,916
Compensation
Key Employees and Officers Compensation Other
Michael Frascella (President) $0 $0
Paul Frascella (Vice President) $0 $0
Susan Quartararo (Trustee) $0 $0
Stephen Mcgarry (Trustee) $0 $0
Wayne T Schwartz (Trustee) $0 $0
Thomas Brown (Trustee) $0 $0
Michael Denicola (Trustee) $0 $0
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Document Links

990-PF
Filed on Sept. 14, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Aug.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,823
Expenses
$773
Net Income
$2,050
Net Assets
$55,689
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $2
0.1%
Dividends $2,821
99.9%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $0
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 $56,439
Total Liabilities $750
Net Assets $55,689
Compensation
Key Employees and Officers Compensation Other
Michael Frascella (President) $0 $0
Paul Frascella (Vice President) $0 $0
Susan Quartararo (Trustee) $0 $0
Stephen Mcgarry (Trustee) $0 $0
Wayne T Schwartz (Trustee) $0 $0
Thomas Brown (Trustee) $0 $0
Michael Denicola (Trustee) $0 $0
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Document Links

990-PF
Filed on Dec. 22, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Aug.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,282
Expenses
$0
Net Income
$2,282
Net Assets
$54,874
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1
0.0%
Dividends $2,281
100.0%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $0
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 $55,474
Total Liabilities $600
Net Assets $54,874
Compensation
Key Employees and Officers Compensation Other
Michael Frascella (President) $0 $0
Paul Frascella (Vice President) $0 $0
Susan Quartararo (Trustee) $0 $0
Stephen Mcgarry (Trustee) $0 $0
Wayne T Schwartz (Trustee) $0 $0
Thomas Brown (Trustee) $0 $0
Michael Denicola (Trustee) $0 $0
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Document Links

990-PF
Filed on Dec. 7, 2017

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Aug.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$4,605
Expenses
$0
Net Income
-$4,605
Net Assets
$53,662
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1
Dividends $1,198
Sales of Assets -$5,804
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $0
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 $53,662
Total Liabilities $0
Net Assets $53,662
Compensation
Key Employees and Officers Compensation Other
Michael Frascella (President) $0 $0
Paul Frascella (Vice President) $0 $0
Susan Quartararo (Trustee) $0 $0
Stephen Mcgarry (Trustee) $0 $0
Wayne T Schwartz (Trustee) $0 $0
Thomas Brown (Trustee) $0 $0
Michael Denicola (Trustee) $0 $0
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Document Links

990-PF
Filed on Oct. 7, 2016

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML
PDF (2 of 2)

Fiscal Year Ending Aug.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$6,317
Expenses
$0
Net Income
$6,317
Net Assets
$59,236
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1
0.0%
Dividends $1,116
17.7%
Sales of Assets $5,200
82.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $0
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 $59,236
Total Liabilities $0
Net Assets $59,236
Compensation
Key Employees and Officers Compensation Other
Michael Frascella (President) $0 $0
Paul Frascella (Vice President) $0 $0
Susan Quartararo (Trustee) $0 $0
Stephen Mcgarry (Trustee) $0 $0
Wayne T Schwartz (Trustee) $0 $0
Thomas Brown (Trustee) $0 $0
Michael Denicola (Trustee) $0 $0
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Document Links

990-PF
Filed on Jan. 28, 2016

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Aug.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,027
Expenses
$387
Net Income
$640
Net Assets
$67,743
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $1,027
100%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $0
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 $67,743
Total Liabilities $0
Net Assets $67,743
Compensation
Key Employees and Officers Compensation Other
Michael Frascella (President) $0 $0
Paul Frascella (Vice President) $0 $0
Susan Quartararo (Trustee) $0 $0
Stephen Mcgarry (Treasurer) $0 $0
Wayne T Schwartz (Trustee) $0 $0
Thomas Brown (Trustee) $0 $0
Michael Denicola (Trustee) $0 $0
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Document Links

990-PF
Filed on March 14, 2015

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Aug.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$6,166
Expenses
$688
Net Income
$5,478
Net Assets
$59,110
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,200
19.5%
Interest Revenue $0
Dividends $922
15.0%
Sales of Assets $4,044
65.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $0
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 $59,111
Total Liabilities $1
Net Assets $59,110

Document Links

990-PF
Filed on March 10, 2014

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Aug.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$40,440
Expenses
$0
Net Income
$40,440
Net Assets
$49,788
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $40,000
98.9%
Interest Revenue $0
Dividends $440
1.1%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $0
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 $49,789
Total Liabilities $1
Net Assets $49,788

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Aug.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$7,000
Expenses
$87
Net Income
$6,913
Net Assets
$6,912
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $7,000
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $0
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 $6,913
Total Liabilities $1
Net Assets $6,912

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Aug.
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

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

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.

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Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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