St Philip The Apostle Foundation Inc
- Assets
- $42.2m
- Revenue
- $3.4m
- Investments
- $16.2m
- Employees
- 0
- Location
- Ramsey, NJ
- Founding
- 07/2001
- Data as of
- 09/2021
- EIN
- 22-3652434
Organization Overview
St Philip The Apostle Foundation Inc is located in Ramsey, NJ. The organization was established in 2001. According to its NTEE Classification (X22) the organization is classified as: Roman Catholic, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Philip The Apostle 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 09/2021, St Philip The Apostle Foundation Inc generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $2.2m during the year ending 09/2021. While expenses have increased by 9.0% per year over the past 6 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, St Philip The Apostle Foundation Inc has awarded 78 individual grants totaling $11,855,468. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSES OF THE FOUNDATION IS TO PROVIDE FINANCIAL ASSISTANCE TO THE SALESIAN ORGANIZATIONS WITHIN THE SALESIAN SOCIETY, INC AND THE TERRITORY SERVED BY THE PROVINCE. THE PROVINCE IS A RELIGIOUS ORDER, AND PART OF THE ROMAN CATHOLIC CHURCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL ASSISTANCE TO THE SALESIAN SOCIETY, INC. WHICH SUPPORTS THE TERRITORIES SERVED BY THE PROVINCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Dennis Donovan Sdb Treasurer | OfficerTrustee | 0 | $0 |
David Moreno Record Secretar | OfficerTrustee | 0 | $0 |
Sam Pallota Asst Treasurer | OfficerTrustee | 0 | $0 |
Michael Niedzwiecki VP Board Dev. | OfficerTrustee | 0 | $0 |
Michael Sasso VP Advance. | OfficerTrustee | 0 | $0 |
Angelo Marino Secretary | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,358,210 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,358,210 |
| Total Program Service Revenue | $0 |
| Investment income | $756,141 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,253,255 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,367,781 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,872,556 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $229,735 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,173,810 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,331,281 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,438 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $24,690,911 |
| Investments—other securities | $16,207,960 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $42,234,590 |
| Accounts payable and accrued expenses | $10,000 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,000 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $42,224,590 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $42,234,590 |
Grants Awarded
Over the last fiscal year, St Philip The Apostle Foundation Inc has awarded $1,875,556 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
SALESIAN SOCIETY PURPOSE: Charitable | $1,357,864 |
SBD COMMUNITY PURPOSE: Charitable | $162,776 |
SALESIAN HIGH SCHOOL PURPOSE: Charitable | $96,008 |
SALESIAN BOYS AND GIRLS CLUB PURPOSE: Charitable | $94,332 |
CRISTO REY TAMPA HIGHSCHOOL PURPOSE: Charitable | $75,311 |
DON BOSCO RETREAT PURPOSE: Charitable | $54,388 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that St Philip The Apostle Foundation Inc has recieved totaling $10.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $10 |
Endowment Analysis
| Beg. Balance | $35,958,946 |
| Earnings | $6,851,509 |
| Admin Expense | $71,519 |
| Net Contributions | $1,358,210 |
| Grants | $1,872,556 |
| Ending Balance | $42,224,590 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Woodlawn Foundation New Rochelle, NY | $58,943,273 | $25,049,674 |
Raskob Foundation For Catholic Activities Incorporated Wilmington, DE | $222,202,600 | $26,821,611 |
Community Association Of Progressive Dominicans Inc New York, NY | $3,345,960 | $6,118,311 |
Murray Hill Place Inc New York, NY | $43,211,368 | $5,022,335 |
Catholic Migration Services Inc Brooklyn, NY | $5,700,505 | $6,076,447 |
Villa St Joseph Of Baden Inc Baden, PA | $11,517,142 | $339,761 |
Riverside Study Center Inc New York, NY | $14,243,524 | $2,424,338 |
Hrh Management Corporation Huntingdon Valley, PA | $24,532,221 | $3,996,088 |
Blue Army Of Our Lady Of Fatima Usa Inc Washington, NJ | $5,683,960 | $2,629,820 |
St Elizabeth Child Care Center Jersey City, NJ | $1,155,375 | $1,799,045 |
St Philip The Apostle Foundation Inc Ramsey, NJ | $42,234,590 | $3,367,781 |
Independent Catholic Foundation Altoona, PA | $35,931,954 | $2,096,997 |