Norelli Family Foundation Inc

The Norelli Family Foundation Inc. is a nonprofit organization established in December 2013 and based in Central Florida. It operates as a private grantmaking foundation under section 501(c)(3) of the Internal Revenue Code, allowing donations to the organization to be tax deductible.

Mission

The foundation's primary focus is "All About Kids," indicating a commitment to supporting children's welfare and related charitable causes.

Financial Overview

As of the fiscal year ending in 2023, the Norelli Family Foundation reported a revenue of $1.75 million and expenses of $1.76 million. Its total assets were valued at approximately $5.55 million, with minimal liabilities of $1,630[3]. Historically, the foundation's revenue has primarily been sourced from contributions, with charitable disbursements being the major expense[3].

Activities and Sponsorships

While specific details about the foundation's activities are limited, it is noted to be involved in various community and charitable initiatives. The foundation also supports the "Rock Recovery Podcast"[2].

Classification

The Norelli Family Foundation Inc. falls under the category of philanthropy, voluntarism, and grantmaking foundations as classified by the National Taxonomy of Exempt Entities (NTEE)[3].