Remondi Family Foundation
- Assets
- $27.6m
- Revenue
- $101.5k
- Investments
- $24.5m
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/2007
- Data as of
- 12/2022
- EIN
- 20-8037556
Organization Overview
Remondi Family Foundation is located in New York, 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. Remondi 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, Remondi Family Foundation generated $101.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (40.1%) each year. All expenses for the organization totaled $6.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Remondi Family Foundation has awarded 169 individual grants totaling $27,426,441. 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 |
|---|---|---|---|
Diane Defalco Trustee | 1 | $0 | |
Joseph Mitchell Trustee | 1 | $0 | |
Christopher C Remondi Trustee | 1 | $0 | |
Dorothy A Remondi Trustee | 1 | $0 | |
John F Remondi Trustee | 1 | $0 | |
John J Remondi Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Foundation Source | 12/30/21 | $84,287 |
Brown Brothers Harriman | 12/30/21 | $27,325 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $652,940 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$544,163 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$7,309 |
| Total Revenue | $101,468 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $154,076 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $103,212 |
| Total operating and administrative expenses | $353,727 |
| Contributions, gifts, grants paid | $5,805,000 |
| Total expenses and disbursements | $6,158,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $508,830 |
| 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 | $2,633,346 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $15,672,034 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $27,609,282 |
| 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, Remondi Family Foundation has awarded $5,805,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ADOPT-A-STUDENT FOUNDATION PURPOSE: GENERAL | $5,185,000 |
CAMP HARBOR VIEW FOUNDATION INC PURPOSE: GENERAL | $150,000 |
CATHEDRAL HIGH SCHOOL INC PURPOSE: GENERAL | $120,000 |
LAWRENCE CATHOLIC ACADEMY PURPOSE: GENERAL | $250,000 |
WOMEN & INFANTS HOSPITAL PURPOSE: GENERAL | $100,000 |