Louis P Ciminelli Family Foundation
- Assets
- $10.4m
- Revenue
- $421.6k
- Investments
- $9.6m
- Employees
- 0
- Location
- Buffalo, NY
- Founding
- 04/2007
- Data as of
- 12/2022
- EIN
- 20-4411791
Organization Overview
Louis P Ciminelli Family Foundation is located in Buffalo, NY. The organization was established in 2007. 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. Louis P Ciminelli 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, Louis P Ciminelli Family Foundation generated $421.6k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $331.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (15.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Louis P Ciminelli Family Foundation has awarded 82 individual grants totaling $5,390,946. 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 |
|---|---|---|---|
Louis P Ciminelli President | 2 | $0 | |
Ann Louise Ciminelli Vice President | 2 | $0 | |
Christina M Ciminelli Hill Vice President | 2 | $0 | |
Matthew J Ciminelli Vice President | 2 | $0 | |
Frank L Ciminelli II Treasurer | 2 | $0 | |
Frank L Ciminelli II Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $339,960 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $81,593 |
| Capital Gain Net Income | $81,593 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $421,553 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,105 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,348 |
| Total operating and administrative expenses | $85,629 |
| Contributions, gifts, grants paid | $246,000 |
| Total expenses and disbursements | $331,629 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $727,759 |
| 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 | $9,632,744 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,360,503 |
| 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, Louis P Ciminelli Family Foundation has awarded $246,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
BPO PURPOSE: 2022 SEASON SUPPORT | $125,000 |
SPARK PURPOSE: UNRESTRICTED | $5,000 |
FORESTRY CRAB FEED PURPOSE: UNRESTRICTED | $25,000 |
TUNNEL TO TOWERS FOUNDATION PURPOSE: UNRESTRICTED | $20,000 |
RETIREMENT FUND FOR RELIGIOUS PURPOSE: UNRESTRICTED | $20,000 |
BURCHFIELD PENNEY ART CENTER PURPOSE: UNRESTRICTED | $10,000 |