Theresa Alessandra Russo Foundation Inc
- Assets
- $2.5m
- Revenue
- $497.2k
- Investments
- $2.4m
- Employees
- 0
- Location
- Lido Beach, NY
- Founding
- 04/2015
- Data as of
- 12/2022
- EIN
- 11-3126316
Organization Overview
Theresa Alessandra Russo Foundation Inc is located in Lido Beach, NY. The organization was established in 2015. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Theresa Alessandra Russo 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 12/2022, Theresa Alessandra Russo Foundation Inc generated $497.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $392.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Theresa Alessandra Russo Foundation Inc has awarded 156 individual grants totaling $980,134. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION ACCOMPLISHES ITS CHARITABLE PURPOSES THROUGH A PROGRAM OF MAKING CHARITABLE GIFTS AND GRANTS.THE FOUNDATION DOES NOT CONDUCT ANY DIRECT CHARITABLE
ACTIVITIES. HENCE, THERE ARE NO EXPENSES IN CONNECTION WITH DIRECT CHARITABLE ACTIVITIES.
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 |
|---|---|---|---|
Susan S Russo President | 40 | $80,000 | |
Elizabeth Einhardt Vice President | 20 | $51,060 | |
Vincent J Russo Treasurer | 0 | $0 | |
Judy Murdaugh Jackson Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $418,893 |
| Interest on Savings | $0 |
| Dividends & Interest | $79,491 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,142 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $497,242 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $131,060 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,500 |
| Depreciation | $2,152 |
| Occupancy | $12,000 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $61,410 |
| Total operating and administrative expenses | $242,478 |
| Contributions, gifts, grants paid | $149,758 |
| Total expenses and disbursements | $392,236 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,992 |
| Savings and temporary cash investments | $0 |
| 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 | $14,049 |
| Other assets | $0 |
| Total assets | $2,492,132 |
| 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, Theresa Alessandra Russo Foundation Inc has awarded $148,348 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
ACDS PURPOSE: TO FUND VARIOUS PROGRAMS | $5,940 |
AIM SERVICES INC PURPOSE: TO FUND VARIOUS PROGRAMS | $5,000 |
ALVIN AILEY DANCE FOUNDATION INC PURPOSE: TO FUND VARIOUS PROGRAMS | $2,000 |
ASPIRING ATTITUDES PURPOSE: TO FUND VARIOUS PROGRAMS | $5,000 |
ATTACK THEATRE PURPOSE: TO FUND VARIOUS PROGRAMS | $8,000 |
ART SPARK TEXAS AND ROSENDALE SCHOOL PURPOSE: TO FUND VARIOUS PROGRAMS | $3,500 |