Edward D Cammarota Foundation Inc
- Assets
- $5.7m
- Revenue
- $252.0k
- Investments
- $5.6m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 04/2005
- Data as of
- 12/2022
- EIN
- 20-1262503
Organization Overview
Edward D Cammarota Foundation Inc is located in Wilmington, DE. The organization was established in 2005. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Edward D Cammarota 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, Edward D Cammarota Foundation Inc generated $252.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $324.6k during the year ending 12/2022. While expenses have increased by 2.5% 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, Edward D Cammarota Foundation Inc has awarded 51 individual grants totaling $2,110,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Hutchinson Dir, VP | 1 | $0 | |
Sandra L Hutchinson Pres, Dir, Sec | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $741 |
| Dividends & Interest | $165,820 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $84,836 |
| Capital Gain Net Income | $84,836 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $564 |
| Total Revenue | $251,961 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,100 |
| Depreciation | $0 |
| Occupancy | $99 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $30,581 |
| Total operating and administrative expenses | $59,581 |
| Contributions, gifts, grants paid | $265,000 |
| Total expenses and disbursements | $324,581 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $35,419 |
| 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 | $14,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,673,831 |
| 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, Edward D Cammarota Foundation Inc has awarded $265,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
BETHESDA HOUSE OF SCHENECTADY INC PURPOSE: GENERAL & UNRESTRICTED | $45,000 |
518 ELEVATED INC PURPOSE: GENERAL & UNRESTRICTED | $30,000 |
GIRLS INCORPORATED OF THE GREATER CAPITAL REGION PURPOSE: GENERAL & UNRESTRICTED | $15,000 |
CONCERNED FOR THE HUNGRY INC PURPOSE: GENERAL & UNRESTRICTED | $15,000 |
BOYS AND GIRLS CLUBS OF SCHENECTADY INC PURPOSE: GENERAL & UNRESTRICTED | $35,000 |
HABITAT FOR HUMANITY INTERNATIONAL INC - SCHENECTA PURPOSE: VETERANS PROGRAM | $45,000 |