American Foundation Of Savoy Orders Incorporated
- Assets
- $1.0m
- Revenue
- $595.2k
- Investments
- $0.0
- Employees
- 1
- Location
- New York, NY
- Founding
- 05/1995
- Data as of
- 07/2023
- EIN
- 13-3749981
Organization Overview
American Foundation Of Savoy Orders Incorporated is located in New York, NY. The organization was established in 1995. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Foundation Of Savoy Orders Incorporated 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 07/2023, American Foundation Of Savoy Orders Incorporated generated $595.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $322.2k during the year ending 07/2023. While expenses have increased by 11.1% per year over the past 8 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 2015, American Foundation Of Savoy Orders Incorporated has awarded 22 individual grants totaling $915,305. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S MISSION IS TO PROVIDE SUPPORT FOR HUMANITARIAN AND CHARITABLE PROJECTS AND INITIATIVES ACROSS NORTH AMERICA AND ABROAD, PARTICULARLY IN AREAS OF HEALTHCARE, DISASTER RELIEF AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HUMANITARIAN INITIATIVES: THE ORGANIZATION PROVIDES GRANTS IN SUPPORT OF HUMANITARIAN AID, DISASTER RELIEF AND PUBLIC HEALTH. THE ORGANIZATION'S GRANTS FOCUS ON SUPPORTING HOSPITALS, RELIEF AGENCIES AND TO PROVIDE ASSISTANCE FOR THE POOR, SICK AND ELDERLY. THE ORGANIZATION ALSO SUPPORTS INITIATIVES THAT PROVIDE VITAL SERVICES TO CHILDREN IN NEED. EDUCATION INITIATIVES: THE ORGANIZATION PROVIDES GRANTS THAT PROVIDE STUDENTS WITH OPPORTUNITIES TO PREPARE FOR FULFILLING CAREERS THROUGH ACCESS TO HIGH QUALITY EDUCATION AND SUPPORT FOR THEIR ACADEMIC SUCCESS. THROUGH THE SAVOY ORDERS PIGOTT SCHOLARSHIPS, THE ORGANIZATION ANNUALLY GIVES SCHOLARSHIPS, BASED ON ACADEMIC EXCELLENCE AND FINANCIAL NEED, FOCUSING ON THE DISCIPLINE AREAS OF HUMANITIES & FINE ARTS AND INTERNATIONAL STUDIES. THE ORGANIZATION ALSO HOLDS AN ANNUAL EDUCATIONAL LECTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carl J Morelli Chairman | OfficerTrustee | 15 | $0 |
Joseph Sciame President | OfficerTrustee | 2 | $0 |
Thomas Pecora Treasurer | OfficerTrustee | 1 | $0 |
John Fiorilla Vice President | OfficerTrustee | 1 | $0 |
Jeffrey A Ryan Secretary | OfficerTrustee | 1 | $0 |
Marco Grassi President Emeritus | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $720,698 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $29,534 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $750,232 |
| Total Program Service Revenue | $0 |
| Investment income | $31,215 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,118 |
| Net Income from Fundraising Events | -$185,755 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $635 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $595,209 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $155,305 |
| Grants and other assistance to domestic individuals. | $7,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $54,841 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,985 |
| Fees for services: Management | $40,800 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,211 |
| Advertising and promotion | $0 |
| Office expenses | $4,051 |
| Information technology | $5,819 |
| Royalties | $0 |
| Occupancy | $25,329 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,277 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,258 |
| All other expenses | $0 |
| Total functional expenses | $322,198 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $330,188 |
| Savings and temporary cash investments | $4,427 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $911 |
| Prepaid expenses and deferred charges | $37,838 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $656,581 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,609 |
| Total assets | $1,035,554 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $853,015 |
| Net assets with donor restrictions | $182,539 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,035,554 |
Grants Awarded
Over the last fiscal year, American Foundation Of Savoy Orders Incorporated has awarded $151,305 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
A CHANCE IN LIFE INC PURPOSE: Humanitarian | $52,100 |
JOE DIMAGGIO CHILDRENS HOSPITAL FD INC PURPOSE: Humanitarian | $6,000 |
COOLEYS ANEMIA FOUNDATION INC PURPOSE: Humanitarian | $50,000 |
BOOKER T WASHINGTON HIGH SCHOOL PURPOSE: Educational | $34,000 |
ST MARYS MEDICAL CENTER FOUNDATION PURPOSE: Humanitarian | $9,205 |