Rommel Wilson Memorial Fund Inc
- Assets
- $3.9m
- Revenue
- $35.9k
- Investments
- $3.8m
- Employees
- 0
- Location
- Setauket, NY
- Founding
- 00/0000
- Data as of
- 12/2023
- EIN
- 11-2109773
Organization Overview
Rommel Wilson Memorial Fund Inc is located in Setauket, NY. The organization was established in 0000. 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. Rommel Wilson Memorial Fund 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 12/2023, Rommel Wilson Memorial Fund Inc generated $35.9k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 45.7% each year . All expenses for the organization totaled $482.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Rommel Wilson Memorial Fund Inc has awarded 80 individual grants totaling $1,484,570. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin J Lockerbie Director/vicechairman | 2 | $30,000 | |
Edward L Vitale Treasurer/secretary | 2 | $40,000 | |
Michael E Russell Director | 2 | $30,000 | |
Albert Brayson II Director/chairman | 2 | $30,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $100,581 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$117,008 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $52,334 |
| Total Revenue | $35,907 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $130,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,508 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $602 |
| Printing and publications | $0 |
| Other expenses | $40,853 |
| Total operating and administrative expenses | $184,913 |
| Contributions, gifts, grants paid | $298,000 |
| Total expenses and disbursements | $482,913 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,993 |
| Savings and temporary cash investments | $2,340 |
| 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 | $3,909,875 |
| 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, Rommel Wilson Memorial Fund Inc has awarded $298,000 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
CAROLINE CHURCH PURPOSE: GIFT | $7,500 |
HEALING THE CHILDREN PURPOSE: GIFT | $50,000 |
MARY'S HOME OF THE TREASURE COAST PURPOSE: GIFT | $25,000 |
WELCOME FRIENDS SOUP KITCHEN PURPOSE: GIFT | $5,000 |
ALTERNATIVES FOR CHILDREN PURPOSE: GIFT | $60,000 |
ALS RIDE FOR LIFE PURPOSE: GIFT | $30,000 |