Lombardo Foundation Inc Cummings & Lockwood J Musicaro
- Assets
- $6.1m
- Revenue
- $390.4k
- Investments
- $4.4m
- Employees
- 0
- Location
- Stamford, CT
- Founding
- 05/1998
- Data as of
- 12/2021
- EIN
- 06-1512354
Organization Overview
Lombardo Foundation Inc Cummings & Lockwood J Musicaro is located in Stamford, CT. The organization was established in 1998. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lombardo Foundation Inc Cummings & Lockwood J Musicaro 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, Lombardo Foundation Inc Cummings & Lockwood J Musicaro generated $390.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 35.2% each year . All expenses for the organization totaled $313.7k during the year ending 12/2021. While expenses have increased by 18.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Lombardo Foundation Inc Cummings & Lockwood J Musicaro has awarded 83 individual grants totaling $787,970. 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 |
|---|---|---|---|
Marilyn A Lombardo Director | 1 | $0 | |
Jeffrey J Lombardo Director | 1 | $0 | |
Philip J Lombardo Chairman | 1 | $0 | |
Dean P Lombardo Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $93,712 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $270,904 |
| Capital Gain Net Income | $270,904 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $25,820 |
| Total Revenue | $390,436 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,217 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,993 |
| Total operating and administrative expenses | $29,059 |
| Contributions, gifts, grants paid | $284,650 |
| Total expenses and disbursements | $313,709 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,735 |
| Savings and temporary cash investments | $1,635,901 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,070 |
| Total assets | $6,125,964 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Lombardo Foundation Inc Cummings & Lockwood J Musicaro has awarded $284,650 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
SARASOTA BALLET PURPOSE: GENERAL CONTRIBUTION, UNRESTRICTED TO PURPOSE | $95,000 |
BROADCASTERS FOUNDATION INC PURPOSE: GENERAL CONTRIBUTION, UNRESTRICTED TO PURPOSE | $93,300 |
THE MICHAEL J FOX FOUNDATION PURPOSE: GENERAL CONTRIBUTION, UNRESTRICTED TO PURPOSE | $12,000 |
Fairfield, CT PURPOSE: GENERAL CONTRIBUTION, UNRESTRICTED TO PURPOSE | $11,000 |
SARASOTA OPERA PURPOSE: GENERAL CONTRIBUTION, UNRESTRICTED TO PURPOSE | $10,000 |
Sarasota, FL PURPOSE: GENERAL CONTRIBUTION, UNRESTRICTED TO PURPOSE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Massachusetts Higher Education Assistance Corporation Boston, MA | $1,090,709,677 | $124,087,298 |
Mastercard Impact Fund Purchase, NY | $207,268,769 | $96,050,288 |
Arcus Foundation New York, NY | $264,733,626 | $35,703,685 |
Edward P Evans Andover, MA | $242,161,195 | $13,916,833 |
The Childrens Scholarship Fund New York, NY | $36,136,002 | $24,710,520 |
Math For America Inc New York, NY | $15,709,494 | $20,036,646 |
Ja Worldwide Inc Boston, MA | $14,229,210 | $21,801,943 |
The Posse Foundation Inc New York, NY | $120,660,725 | $44,739,225 |
Inner-City Scholarship Fund Inc New York, NY | $115,829,957 | $24,751,034 |
Joan And Irwin Jacobs Technion-Cornell Innovation Instit New York, NY | $205,040,861 | $18,316,542 |
Tikvah Fund New York, NY | $103,047,859 | $6,270,985 |