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The Margaret Foti Foundation

  • Wilmington, DE
  • Tax-exempt since April 2015
  • EIN: 47-2400869

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 / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$571k (2024)

Expenses
$64.6k (2024)

Total Assets
$1.58M (2024)

Total Liabilities
$0 (2024)

Source: Form 990 tax filings from 2014 to 2024

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 Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$571,333
Expenses
$64,607
Net Income
$506,726
Net Assets
$1,576,187
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $489,201
85.6%
Interest Revenue $569
0.1%
Dividends $41,002
7.2%
Sales of Assets $40,485
7.1%
Other Income $76
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $47,700
73.8%
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 $1,576,187
Total Liabilities $0
Net Assets $1,576,187
Compensation
Key Employees and Officers Compensation Other
Peter A Certo Jr (Vp) $0 $0
Donna Certo Mirabelli (Vp) $0 $0
Margaret Foti (Pres, Dir, Sec, Treas) $0 $0

Document Links

990-PF
Filed on Sept. 25, 2025

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

View Filing
XML

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$180,305
Expenses
$52,669
Net Income
$127,636
Net Assets
$1,069,461
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $152,184
84.4%
Interest Revenue $572
0.3%
Dividends $28,647
15.9%
Sales of Assets -$1,095
Other Income -$3
Notable Expenses Percent of Total Expenses
Charitable Disbursements $42,550
80.8%
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 $1,069,461
Total Liabilities $0
Net Assets $1,069,461
Compensation
Key Employees and Officers Compensation Other
Peter A Certo Jr (Vp) $0 $0
Donna Certo Mirabelli (Vp) $0 $0
Margaret Foti (Pres, Dir, Sec, Treas) $0 $0

Document Links

990-PF
Filed on April 18, 2024

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$154,572
Expenses
$48,768
Net Income
$105,804
Net Assets
$941,819
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $103,309
66.8%
Interest Revenue $273
0.2%
Dividends $21,430
13.9%
Sales of Assets $29,560
19.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $37,514
76.9%
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 $941,819
Total Liabilities $0
Net Assets $941,819
Compensation
Key Employees and Officers Compensation Other
Peter A Certo Jr (Vp) $0 $0
Donna Certo Mirabelli (Vp) $0 $0
Margaret Foti (Pres, Dir, Sec, Treas) $0 $0

Document Links

990-PF
Filed on May 5, 2023

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$332,925
Expenses
$35,999
Net Income
$296,926
Net Assets
$836,015
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $307,214
92.3%
Interest Revenue $13
0.0%
Dividends $13,810
4.1%
Sales of Assets $11,888
3.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $26,716
74.2%
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 $836,015
Total Liabilities $0
Net Assets $836,015
Compensation
Key Employees and Officers Compensation Other
Peter A Certo Jr (Vp) $0 $0
Donna Certo Mirabelli (Vp) $0 $0
Margaret Foti (Pres, Dir, Sec, Treas) $0 $0

Document Links

990-PF
Filed on Aug. 30, 2022

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$72,624
Expenses
$33,001
Net Income
$39,623
Net Assets
$539,088
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $49,897
68.7%
Interest Revenue $28
0.0%
Dividends $11,060
15.2%
Sales of Assets $11,639
16.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $27,034
81.9%
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 $539,089
Total Liabilities $1
Net Assets $539,088
Compensation
Key Employees and Officers Compensation Other
Peter A Certo Jr (Vp) $0 $0
Donna Certo Mirabelli (Vp) $0 $0
Margaret Foti (Pres, Dir, Sec, Treas) $0 $0

Document Links

990-PF
Filed on Aug. 24, 2021

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

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$63,428
Expenses
$28,087
Net Income
$35,341
Net Assets
$499,465
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $39,672
62.5%
Interest Revenue $211
0.3%
Dividends $12,139
19.1%
Sales of Assets $11,406
18.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $22,707
80.8%
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 $499,466
Total Liabilities $1
Net Assets $499,465
Compensation
Key Employees and Officers Compensation Other
Peter A Certo Jr (Vp) $0 $0
Donna Certo Mirabelli (Vp) $0 $0
Margaret Foti (Pres / Dir / Sec / Treas) $0 $0

Document Links

990-PF
Filed on April 17, 2020

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$65,637
Expenses
$25,901
Net Income
$39,736
Net Assets
$464,125
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $37,395
57.0%
Interest Revenue $291
0.4%
Dividends $10,472
16.0%
Sales of Assets $17,479
26.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $20,910
80.7%
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 $464,125
Total Liabilities $0
Net Assets $464,125
Compensation
Key Employees and Officers Compensation Other
Peter A Certo Jr (Vp) $0 $0
Donna Certo Mirabelli (Vp) $0 $0
Margaret Foti (Pres / Dir / Sec / Treas) $0 $0

Document Links

990-PF
Filed on May 8, 2019

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$57,654
Expenses
$23,233
Net Income
$34,421
Net Assets
$424,389
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $30,000
52.0%
Interest Revenue $32
0.1%
Dividends $11,167
19.4%
Sales of Assets $16,455
28.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $18,853
81.1%
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 $424,389
Total Liabilities $0
Net Assets $424,389
Compensation
Key Employees and Officers Compensation Other
Peter A Certo Jr (Vp) $0 $0
Donna Certo Mirabelli (Vp) $0 $0
Margaret Foti (Pres, Dir, Sec, Treas) $0 $0

Document Links

990-PF
Filed on June 11, 2018

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$3,543
Expenses
$14,509
Net Income
-$18,052
Net Assets
$389,968
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $22
Dividends $11,316
Sales of Assets -$14,881
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $10,153
70.0%
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 $389,968
Total Liabilities $0
Net Assets $389,968
Compensation
Key Employees and Officers Compensation Other
Peter A Certo Jr (Vp) $0 $0
Donna Certo Mirabelli (Vp) $0 $0
Margaret Foti (Pres / Dir / Sec / Treas) $0 $0

Document Links

990-PF
Filed on April 21, 2017

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$60,858
Expenses
$12,838
Net Income
$48,020
Net Assets
$408,020
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $55,082
90.5%
Interest Revenue $28
0.0%
Dividends $8,630
14.2%
Sales of Assets -$2,882
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $9,685
75.4%
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 $408,020
Total Liabilities $0
Net Assets $408,020
Compensation
Key Employees and Officers Compensation Other
Peter A Certo Jr (Vp) $0 $0
Donna Certo Mirabelli (Vp) $0 $0
Margaret Foti (Pres / Dir / Sec / Treas) $0 $0

Document Links

990-PF
Filed on April 21, 2016

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$360,000
Expenses
$0
Net Income
$360,000
Net Assets
$360,000
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $360,000
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 $360,000
Total Liabilities $0
Net Assets $360,000

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 »

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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.
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  • 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.
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  • 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.

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