Theresa Alessandra Russo Foundation Inc
- Assets
- $2.4m
- Revenue
- $488.9k
- Investments
- $2.2m
- Employees
- 0
- Location
- Lido Beach, NY
- Founding
- 04/2015
- Data as of
- 12/2021
- 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 12/2021, Theresa Alessandra Russo Foundation Inc generated $488.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $323.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Theresa Alessandra Russo Foundation Inc has awarded 123 individual grants totaling $831,786. 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
2021
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan S Russo President | 40 | $36,125 | |
Elizabeth Einhart Vice-Pres | 20 | $20,125 | |
Vincent J Russo Treasurer | 0 | $0 | |
Judy Murdaugh Jackson Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $401,116 |
| Interest on Savings | $0 |
| Dividends & Interest | $92,490 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,687 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $488,919 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $56,250 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $915 |
| Depreciation | $3,436 |
| Occupancy | $12,000 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $87,898 |
| Total operating and administrative expenses | $160,499 |
| Contributions, gifts, grants paid | $162,994 |
| Total expenses and disbursements | $323,493 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $155,476 |
| 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 | $16,200 |
| Other assets | $0 |
| Total assets | $2,387,126 |
| 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 $162,994 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
SIDIKI CONDE PURPOSE: TO PROVIDE SUPPORT. | $29,678 |
GIGI'S PLAYHOUSE PURPOSE: TO FUND VARIOUS PROGRAMS. | $10,300 |
ADAPT ABILITY PURPOSE: TO FUND VARIOUS PROGRAMS. | $10,000 |
RICHARD M BRODSKY FOUNDATION PURPOSE: TO FUND VARIOUS PROGRAMS. | $8,431 |
DRAMA INTERACTION PURPOSE: TO FUND VARIOUS PROGRAMS. | $7,850 |
KIDS ENJOY EXERCISE NOW (KEEN) CHICAGO PURPOSE: TO FUND VARIOUS PROGRAMS. | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Theresa Alessandra Russo Foundation Inc has recieved totaling $215,620.
| Awarding Organization | Amount |
|---|---|
Center For Special Needs Tr Administration Inc Clearwater, FL PURPOSE: GENERAL SUPPORT | $215,620 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kimmel Center Inc Philadelphia, PA | $245,953,445 | $41,081,924 |
Brooklyn Academy Of Music Inc Brooklyn, NY | $168,013,887 | $29,572,079 |
South Street Theater Co Inc Morristown, NJ | $25,009,095 | $16,372,684 |
Bric Arts Media Bklyn Inc Brooklyn, NY | $22,086,824 | $12,315,164 |
The Apollo Theater Foundation Inc New York, NY | $69,978,827 | $33,324,849 |
New Haven Center For Performing Arts Inc Waterbury, CT | $12,801,705 | $9,109,828 |
Performing Arts Consultants Inc Brick, NJ | $2,328,922 | $7,486,685 |
Shen Yun Performing Arts Inc Cuddebackville, NY | $196,627,077 | $30,836,971 |
Foundation For Contemporary Arts Inc New York, NY | $44,020,214 | $7,582,108 |
National Comedy Center Operator Inc Jamestown, NY | $24,581,570 | $2,926,105 |
World Trade Center Performing Arts Center Inc New York, NY | $505,865,812 | $148,493,145 |
Associated Production Services Inc Trevose, PA | $3,216,743 | $4,781,597 |