Russo Family Foundation
- Assets
- $1.0m
- Revenue
- $226.9k
- Investments
- $828.3k
- Employees
- 0
- Location
- Palm Beach Gardens, FL
- Founding
- 06/2006
- Data as of
- 06/2022
- EIN
- 20-3950808
Organization Overview
Russo Family Foundation is located in Palm Beach Gardens, FL. The organization was established in 2006. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Russo 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 06/2022, Russo Family Foundation generated $226.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 29.0% each year . All expenses for the organization totaled $147.4k during the year ending 06/2022. While expenses have increased by 0.0% per year over the past 4 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 2021, Russo Family Foundation has awarded 43 individual grants totaling $280,360. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcy Russo Trustee | 0.25 | $0 | |
Thomas Russo Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $29,089 |
| Interest on Savings | $21,267 |
| Dividends & Interest | $21,046 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $154,806 |
| Capital Gain Net Income | $155,898 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $728 |
| Total Revenue | $226,936 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,541 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $657 |
| Total operating and administrative expenses | $5,153 |
| Contributions, gifts, grants paid | $142,211 |
| Total expenses and disbursements | $147,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $172,310 |
| Savings and temporary cash investments | $0 |
| 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 | $1,000,570 |
| 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, Russo Family Foundation has awarded $142,211 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
INSTITUTE FOR INTERNATIONAL ED PURPOSE: INTERNATIONAL EDUCATION | $97,573 |
Ithaca, NY PURPOSE: COLLEGE FUNDING | $10,000 |
FOOD BANK PURPOSE: FOOD FOR THOSE IN NEED | $10,000 |
UJA PURPOSE: JEWISH COMMUNITY SERVICES | $6,800 |
FUTURES IGNITE PURPOSE: EDUCATE UNDERSERVED HIGH SCHOOL STUDENTS | $5,000 |
THE TOLERANCE PROJECT PURPOSE: PROMOTE TOLERANCE | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Arthur M Blank Family Foundation Atlanta, GA | $365,187,486 | $84,889,977 |
The Frederick A Deluca Foundation Inc Pompano Beach, FL | $724,648,898 | $109,039,821 |
Ted Arison Family Found Aventura, FL | $489,424,665 | $63,628,275 |
Arison Arts Foundation Coral Gables, FL | $423,071,215 | $88,937,143 |
Poses Family Foundation Miami Beach, FL | $501,022,398 | $55,408,716 |
Jim Moran Foundation Inc Deerfield Beach, FL | $191,270,194 | $47,763,594 |
John Bulow Campbell Foundation Atlanta, GA | $793,659,742 | $103,345,098 |
Kovner Foundation Jupiter, FL | $0 | $19,441,586 |
Naples Children And Education Naples, FL | $64,560,487 | $12,642,425 |
Pentecost Foundation Bradenton, FL | $91,770,712 | $23,508,587 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
Micky And Madeleine Arison Family Foundation Coral Gables, FL | $232,510,515 | $23,555,348 |