Richmond County Savings Foundation
- Assets
- $63.1m
- Revenue
- $3.8m
- Investments
- $58.9m
- Employees
- 0
- Location
- Staten Island, NY
- Founding
- 11/1998
- Data as of
- 12/2021
- 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 12/2021, Richmond County Savings Foundation generated $3.8m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $5.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Richmond County Savings Foundation has awarded 272 individual grants totaling $6,126,340. 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 |
|---|---|---|---|
Cesar J Claro Exe. Director | 30 | $220,899 | |
Kim Seggio Sr. Prog. Officer | 27 | $96,680 | |
Maryann Desapio Grants Admin | 40 | $55,863 | |
Thomas R Cangemi Treasurer | 4 | $0 | |
Dominick Ciampa Director | 1 | $0 | |
Hanif Dahya Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,221 |
| Dividends & Interest | $3,175,821 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $603,970 |
| Capital Gain Net Income | $603,970 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,788,012 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $220,899 |
| Other employee salaries and wages | $173,682 |
| Pension plans, employee benefits | $42,433 |
| Interest | $0 |
| Taxes | $158,516 |
| Depreciation | $0 |
| Occupancy | $30,780 |
| Travel, conferences, and meetings | $1,367 |
| Printing and publications | $565 |
| Other expenses | $71,777 |
| Total operating and administrative expenses | $791,106 |
| Contributions, gifts, grants paid | $4,717,926 |
| Total expenses and disbursements | $5,509,032 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,255,815 |
| 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 | $9,715 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $15,377 |
| Total assets | $63,146,704 |
| Accounts payable and accrued expenses | $83,164 |
| Grants payable | $1,985,707 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $531,750 |
| Total liabilities | $2,600,621 |
Grants Awarded
Over the last fiscal year, Richmond County Savings Foundation has awarded $4,747,458 in support to 140 organizations.
| Grant Recipient | Amount |
|---|---|
STATEN ISLAND UNIVERSITY HOSPITAL PURPOSE: STATEN ISLAND UNIVERSITY HOSPITAL'S PRINCES BAY CAMPUS TRANSFORMATION | $992,854 |
BAY CAMPUS TRANSFORMATION FOUNDATION PURPOSE: RENOVATION TO MOTHER/BABY/NICU UNIT | $992,854 |
RICHMOND UNIVERSITY MEDICAL CENTER FOUNDATION PURPOSE: RENOVATION TO MOTHER/BABY/NICU UNIT | $500,000 |
STATEN ISLAND UNIVERSITY HOSPITAL PURPOSE: STATEN ISLAND UNIVERSITY HOSPITAL'S PRINCES BAY CAMPUS TRANSFORMATION | $500,000 |
Staten Island, NY PURPOSE: PH FOOD PANTRY AND SOUP KITCHEN RELOCATION AND EXPANSION | $200,000 |
Jamaica, NY PURPOSE: QUEEN'S PUBLIC LIBRARY'S JOB & BUSINESS ACADEMY | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |