Cabrini Mission Foundation
- Assets
- $17.0m
- Revenue
- $9.2m
- Investments
- $0.0
- Employees
- 3
- Location
- New York, NY
- Founding
- 05/1998
- Data as of
- 12/2021
- EIN
- 13-4000672
Organization Overview
Cabrini Mission Foundation is located in New York, NY. The organization was established in 1998. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Cabrini Mission Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cabrini Mission Foundation 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, Cabrini Mission Foundation generated $9.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 49.6% each year . All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 17.2% per year over the past 7 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 2014, Cabrini Mission Foundation has awarded 33 individual grants totaling $3,030,409. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
RESPOND WITH BOLDNESS, URGENCY AND COURAGE TO THE UNMET NEEDS OF THE MOST VULNERABLE AND THOSE ON THE MARGINS OF SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SUPPORTS PROGRAMS OF HEALING, TEACHING AND CARING THAT SHARE THE CHARISM OF THE MISSIONARY SISTERS OF THE SACRED HEART OF JESUS, FOUNDED BY ST. FRANCES XAVIER CABRINI. WITH EVERY RESPONSE, THE ORGANIZATION SEEKS TO FOSTER HOPE AS BEARERS OF THE LOVE OF CHRIST IN THE WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Labianco Executive Director | Officer | 40 | $206,931 |
Ellen Cunningham Secretary | OfficerTrustee | 40 | $86,656 |
Lawrence Ottaviano Vice Chair | OfficerTrustee | 2 | $0 |
Sister Pietrina Raccuglia Chair | OfficerTrustee | 2 | $0 |
Michael Lefante Treasurer | OfficerTrustee | 2 | $0 |
Frederick Scheetz Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $228,918 |
| Related organizations | $203,831 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,915,877 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,348,626 |
| Total Program Service Revenue | $0 |
| Investment income | $8,198 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $824,896 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,181,733 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,056,966 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $15,624 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $293,587 |
| Compensation of current officers, directors, key employees. | $88,076 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,607 |
| Pension plan accruals and contributions | $15,043 |
| Other employee benefits | $60,740 |
| Payroll taxes | $24,386 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $84,765 |
| Advertising and promotion | $0 |
| Office expenses | $40,334 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,056 |
| Travel | $2,735 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $589 |
| Insurance | $8,462 |
| All other expenses | $28,673 |
| Total functional expenses | $1,680,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,030,354 |
| Savings and temporary cash investments | $93,109 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,100 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,799 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $12,835,209 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,970,571 |
| Accounts payable and accrued expenses | $20,592 |
| Grants payable | $685,838 |
| 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 | $706,430 |
| Net assets without donor restrictions | $1,313,107 |
| Net assets with donor restrictions | $14,951,034 |
| 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 | $16,970,571 |
Grants Awarded
Over the last fiscal year, Cabrini Mission Foundation has awarded $919,788 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: GRANT TO EXPAND IMMIGRATION LEGAL SERVICES AND SOCIAL SERVICES PROGRAMS. | $687,773 |
ST FRANCIS CABRINI SHRINE PURPOSE: OPERATIONAL SUPPORT. | $129,982 |
CABRINI HIGH SCHOOL PURPOSE: TUITION ASSISTANCE FOR STUDENTS. | $50,000 |
CHARMA HOLDING COMPANY PURPOSE: RENT ASSISTANCE - COVID-19. | $17,033 |
THE DE LA SALLE SCHOOL PURPOSE: SCHOLARSHIP FOR BOYS. | $15,000 |
New York, NY PURPOSE: EARTHQUAKE VICTIMS SUPPORT. | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Cabrini Mission Foundation has recieved totaling $3,022,219.
| Awarding Organization | Amount |
|---|---|
Mother Cabrini Health Foundation New York, NY PURPOSE: BROADENING SOCIAL SERVICES, FINANCIAL ASSISTANCE, AND PASTORAL CARE | $3,000,000 |
Albert A Walters Foundation Tr 2513895197 Las Vegas, NV PURPOSE: GENERAL OPERATING | $17,636 |
Organization Name not Listed PURPOSE: GENERAL CHARITABLE PURPOSES | | $3,205 |
Hoffman Brothers Foundation Inc Thornwood, NY PURPOSE: EDUCATION IN LATIN AMERICA | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $378 |
Endowment Analysis
| Beg. Balance | $5,732,837 |
| Earnings | $1,179,429 |
| Net Contributions | $5,000,000 |
| Ending Balance | $11,912,266 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Partnership Schools New York, NY | $64,379,139 | $24,282,663 |
Feeding Pennsylvania Lemoyne, PA | $10,818,120 | $21,841,545 |
Royal College Of Art Usa Inc New York, NY | $1,933,182 | $14,916,047 |
Imago Dei Fund Boston, MA | $57,020,766 | $29,637,241 |
Boston Charitable Trust Fund Boston, MA | $1,173,216 | $4,494,143 |
Nfa Foundation Inc Norwich, CT | $77,129,817 | $5,415,738 |
American Friends Of B Nai Levy Foundation Brooklyn, NY | $493,786 | $13,431,000 |
Rf Catalytic Capital Inc New York, NY | $241,603,034 | $246,273,218 |
University Of Pittsburgh And Upmc Medical And Health Sciences Fdn Pittsburgh, PA | $0 | $12,874,250 |
Freedom Fund Brooklyn, NY | $51,719,352 | $51,201,158 |
American Friends Of Leket Israel Inc Teaneck, NJ | $3,165,709 | $12,922,662 |
Provision Ministry Inc Westborough, MA | $833,220 | $12,247,682 |