Sons Of Italy New Jersey Foundation Inc
- Assets
- $392.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cherry Hill, NJ
- Founding
- 10/1991
- Data as of
- 12/2021
- EIN
- 22-3062402
Organization Overview
Sons Of Italy New Jersey Foundation Inc is located in Cherry Hill, NJ. The organization was established in 1991. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Sons Of Italy New Jersey 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 12/2021, Sons Of Italy New Jersey Foundation Inc generated $42.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $17.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (16.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
SCHOLARSHIP AWARDS - $9,500; ALICIA ROSE VICTORIOUS FOUNDATION - $150; OTHER DONATIONS - $1,000
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Daloisio Chairman | 1 | $0 | |
Stephen Camiscioli Committee Member | 1 | $0 | |
Diane Santoro President | 1 | $0 | |
Anthony Cipriano Committee Member | 1 | $0 | |
Albert Olizi Orator | 1 | $0 | |
Nick Burzichelli Committee Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,370 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $5,744 |
| Gain or Loss | -$1,072 |
| Net Income from Gaming & Fundraising | $12,017 |
| Other Revenue | $355 |
| Total Revenue | $42,414 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $3,072 |
| Occupancy, rent, utilities, and maintenance | $3,415 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $374 |
| Total expenses | $17,511 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $391,964 |
| Other assets | $0 |
| Total assets | $391,964 |
| Total liabilities | $785 |
| Net assets or fund balances | $391,179 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sons Of Italy New Jersey Foundation Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bam Endowment Trust Brooklyn, NY | $106,959,115 | $5,566,840 |
John R Oishei Consolidated Tr 01091998 Buffalo, NY | $21,967,662 | $5,743,689 |
Goldstein Family Foundation Spring Valley, NY | $15,534,248 | $10,502,547 |
Sol Goldman Charitable Trust New York, NY | $0 | $3,639,060 |
Schwartz Fam Foundation Tr New York, NY | $15,701,646 | $4,641,500 |
J M Lockhart Lockhart J M Ally Herc Pittsburgh, PA | $71,861,137 | $5,661,653 |
John R Mccune Char Trust No 9721 Pittsburgh, PA | $72,660,293 | $3,170,444 |
Donald P And Mary E Moriarty Charitable Foundation Chatham, NJ | $28,351,035 | $10,104,907 |
Reitmeier Charitable Trust U-W Fund Pittsburgh, PA | $0 | $783,026 |
The Daniel E And Joyce G Straus Family Foundation Fort Lee, NJ | $70,788,886 | $23,200,737 |
Stephanie And Lawrence Flinn Jr Charitable Trust Rye, NY | $38,008,610 | $1,545,118 |
Sunshine Foundation Woodbury, NY | $26,794,175 | $2,071,620 |