The Joseph F Umosella Family Foundation
- Assets
- $6.4m
- Revenue
- $214.5k
- Investments
- $6.3m
- Employees
- 0
- Location
- Hammonton, NJ
- Founding
- 11/2006
- Data as of
- 12/2022
- EIN
- 20-2041985
Organization Overview
The Joseph F Umosella Family Foundation is located in Hammonton, NJ. The organization was established in 2006. 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. Joseph F Umosella 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, Joseph F Umosella Family Foundation generated $214.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $406.4k during the year ending 12/2022. While expenses have increased by 2.6% 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, Joseph F Umosella Family Foundation has awarded 50 individual grants totaling $2,389,309. 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 |
|---|---|---|---|
Jeffrey Umosella President | 0 | $0 | |
Joseph F Umosella III Treasurer | 0 | $0 | |
John Umosella Secretary | 0 | $0 | |
Shiela Presti Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $175,799 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $38,750 |
| Capital Gain Net Income | $38,750 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $214,549 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,049 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,451 |
| Total operating and administrative expenses | $68,952 |
| Contributions, gifts, grants paid | $337,400 |
| Total expenses and disbursements | $406,352 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $92,353 |
| 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 | $6,294,632 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,748 |
| Total assets | $6,389,733 |
| 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, The Joseph F Umosella Family Foundation has awarded $337,400 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
VALLEY FORGE MILITARY ACADEMY & COLLEGE PURPOSE: PROVIDE FINANCIAL ASSISTANCE FOR STUDENTS ATTENDING MILITARY ACADEMY | $10,000 |
HAMMONTON HAWKS PURPOSE: TO PROVIDE ASSISTANCE TO YOUTH SPORTS | $5,000 |
ST JUDE CHILDRENS HOSPITAL PURPOSE: TO PROVIDE ASSISTANCE TO ILL CHILDREN | $30,000 |
GARY SINISE FOUNDATION PURPOSE: PROVIDE ASSISTANCE O VETERANS, FIRST RESPONDERS, THEIR FAMILIES AND THOSE IN NEED | $20,000 |
RONALD MCDONALD HOUSE PURPOSE: TO PROVIDING HOPE, HELP, AND HOME FOR FAMILIES OF SERIOUSLY ILL CHILDREN | $10,000 |
SUNRISE DAY CAMP PURPOSE: TO PROVIDE ASSISTANCE FOR CHILDREN WITH CANCER | $20,000 |