Richmond County Savings Foundation
- Assets
- $46.9m
- Revenue
- $3.5m
- Investments
- $42.5m
- Employees
- 0
- Location
- Staten Island, NY
- Founding
- 11/1998
- Data as of
- 12/2022
- EIN
- 06-1503051
Organization Overview
Richmond County Savings Foundation is located in Staten Island, NY. The organization was established in 1998. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richmond County Savings Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Richmond County Savings Foundation generated $3.5m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $2.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Richmond County Savings Foundation has awarded 438 individual grants totaling $8,261,090. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gail Donovan Director | 1 | $0 | |
Thomas R Cangemi Treasurer | 4 | $0 | |
Godfrey H Carstens Director | 1 | $0 | |
Dominick Ciampa Director | 1 | $0 | |
Alfred B Curtis Jr Director | 1 | $0 | |
Caroline Harrison Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $13,164 |
| Dividends & Interest | $3,043,761 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $293,135 |
| Capital Gain Net Income | $293,135 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $186,391 |
| Total Revenue | $3,536,451 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $222,550 |
| Other employee salaries and wages | $223,190 |
| Pension plans, employee benefits | $56,953 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $30,780 |
| Travel, conferences, and meetings | $2,568 |
| Printing and publications | $918 |
| Other expenses | $82,761 |
| Total operating and administrative expenses | $703,186 |
| Contributions, gifts, grants paid | $1,591,471 |
| Total expenses and disbursements | $2,294,657 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,332,633 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,340 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $13,544 |
| Total assets | $46,871,044 |
| Accounts payable and accrued expenses | $84,928 |
| Grants payable | $1,457,428 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $299,644 |
| Total liabilities | $1,842,000 |
Grants Awarded
Over the last fiscal year, Richmond County Savings Foundation has awarded $2,134,750 in support to 166 organizations.
| Grant Recipient | Amount |
|---|---|
A VERY SPECIAL PLACE PURPOSE: SENSORY ROOM FOR DAY HAB PROGRAMS | $5,000 |
ALZHEIMER'S DISEASE AND RELATED DISORDERS ASSOCIATION PURPOSE: STATEN ISLAND WALK TO END ALZHEIMER'S DISEASE. | $1,500 |
AMERICAN CANCER SOCIETY PURPOSE: BACK TO SCREENING | $25,000 |
ALL SAINTS EPISCOPAL CHURCH PURPOSE: RCSF FOOD PANTRY PROGRAM | $5,000 |
ART LAB INC PURPOSE: SUMMER STUDIO SCHOLARSHIP PROGRAM | $2,500 |
AMERICAN MUSEUM OF THE MOVING IMAGE PURPOSE: EXHIBITION REDESIGN PLANNING AND FUNDRAISING PROGRAM | $25,000 |