Thomas V Guarino Family Foundation Inc
- Assets
- $605.2k
- Revenue
- $46.6k
- Investments
- $549.5k
- Employees
- 0
- Location
- Longboat Key, FL
- Founding
- 02/2002
- Data as of
- 12/2021
- EIN
- 06-1617207
Organization Overview
Thomas V Guarino Family Foundation Inc is located in Longboat Key, FL. The organization was established in 2002. 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. Thomas V Guarino Family Foundation Inc 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, Thomas V Guarino Family Foundation Inc generated $46.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $36.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Thomas V Guarino Family Foundation Inc has awarded 133 individual grants totaling $164,505. 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 |
|---|---|---|---|
Thomas V Guarino President | 1 | $0 | |
Gail Guarino Vice-Preside | 1 | $0 | |
John Michael Guarino Assistant Tr | 1 | $0 | |
Sandy Guarino Treasurer | 1 | $0 | |
Mary Jo Guarino Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,713 |
| Interest on Savings | $8,177 |
| Dividends & Interest | $18,674 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,341 |
| Capital Gain Net Income | $1,341 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,692 |
| Total Revenue | $46,597 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $655 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,805 |
| Contributions, gifts, grants paid | $34,323 |
| Total expenses and disbursements | $36,128 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $55,714 |
| 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 | $0 |
| Total assets | $605,238 |
| 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, Thomas V Guarino Family Foundation Inc has awarded $34,323 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
Cortland, NY PURPOSE: ACADEMIC SCHOLARSHIP | $11,000 |
GARNETT HEALTH FOUNDATION PURPOSE: SUPPORT HEALTHCARE | $5,275 |
LILLIAN MCDONALD PURPOSE: ACADEMIC SCHOLARSHIP | $5,000 |
SUNY BINGHAMTON PURPOSE: ACADEMIC SCHOLARSHIP | $3,000 |
WESTERN NEW ENGLAND UNIVERSITY PURPOSE: ACADEMIC SCHOLARSHIP | $2,000 |
SUNY NEW PALTZ PURPOSE: ACADEMIC SCHOLARSHIP | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Floridamakes Inc Orlando, FL | $1,478,174 | $9,967,367 |
Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |
Alef Fund Inc Atlanta, GA | $10,107,377 | $6,194,898 |
Broward Education Foundation Inc Fort Lauderdale, FL | $12,469,303 | $5,256,121 |
University Of West Georgia Foundation Inc Carrollton, GA | $86,140,941 | $10,389,838 |
Coca-Cola Scholars Foundation Inc Atlanta, GA | $71,605,468 | $31,599,185 |
Uab Research Foundation Birmingham, AL | $14,400,184 | $5,771,462 |
Eminent Scholars Foundation Huntsville, AL | $0 | $754,182 |
Arete Scholars Fund Dacula, GA | $8,445,771 | $4,355,145 |
The Fund For Theological Education Inc Decatur, GA | $34,735,752 | $8,780,727 |
Gwinnett County Public Schools Foundation Fund Inc Suwanee, GA | $3,101,670 | $4,575,972 |
Florida Education Fund Inc Tampa, FL | $23,479,749 | $5,657,591 |