Salvatore Family Foundation
- Assets
- $404.5k
- Revenue
- $10.5k
- Investments
- $251.2k
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/2002
- Data as of
- 12/2022
- EIN
- 13-4200627
Organization Overview
Salvatore Family Foundation is located in New York, NY. The organization was established in 2002. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Salvatore Family 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 12/2022, Salvatore Family Foundation generated $10.5k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $111.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis Salvatore Director/v.p. | 0 | $0 | |
Robert Salvatore Director/v.p. | 0 | $0 | |
Dawn Fay Director/v.p. | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $192 |
| Dividends & Interest | $9,910 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13 |
| Capital Gain Net Income | $13 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $418 |
| Total Revenue | $10,533 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $381 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $381 |
| Contributions, gifts, grants paid | $111,500 |
| Total expenses and disbursements | $111,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,881 |
| Savings and temporary cash investments | $120,445 |
| 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 | $404,514 |
| 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, Salvatore Family Foundation has awarded $111,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ROCK THE BLOCK LLC PURPOSE: GENERAL PURPOSE | $2,500 |
COLLEGE OF CHARLESTON ATHLETIC FUND PURPOSE: GENERAL PURPOSE | $100,000 |
THE CARDINAL'S APPEAL PURPOSE: GENERAL PURPOSE | $2,000 |
ST JEAN BAPITISTE CHURCH PURPOSE: GENERAL PURPOSE | $2,000 |
AMERICAN CANCER SOCIETY PURPOSE: GENERAL PURPOSE | $5,000 |