Salvaggio Family Foundation Tr 10011998
- Assets
- $29.2m
- Revenue
- $9.0m
- Investments
- $23.6m
- Employees
- 0
- Location
- Allentown, PA
- Founding
- 04/1999
- Data as of
- 12/2021
- EIN
- 25-6614812
The information for the Salvaggio Family Foundation Tr 10011998 is as of the organization's most recent filing in December 2019. This organization is located in Allentown, PA and has been in existence for 20 years, following its founding in 1999.
Organization Classification
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Salvaggio Family Foundation Tr 10011998's NTEE code is T20. The "T" tells us that the organization is classified along with Philanthropy, Voluntarism & Grantmaking Foundations. The "20" tells us that the organization is a Private Grantmaking Foundation. The NTEE describes Private Grantmaking Foundations as nongovernmental, nonprofit organizations with funds and programs managed by trustees or directors established to maintain charitable activities serving the common welfare, primarily through grantmaking. Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. However, there are actually 29 different types of organizations that are identified by the Internal Revenue Code. This organization happens to be a 501(c)(3) organization. The IRS describes these organizations as those engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.
Grant History
Our dataset has six years of grant history for the Salvaggio Family Foundation Tr 10011998. In that time, they have awarded 191 grants, with an average check size of $20,390. The grants have been awarded in a variety of sectors, the most frequent being Education (16), Human Services (12), and Public & Societal Benefit (7). Additionally, the organization most frequently awards grants in the state of Pennsylvania (146), followed by Virginia (4), Texas (1), Nebraska (6), and Florida (5).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony J Salvaggio Trustee | 1 | $0 | |
Thomas A Salvaggio Trustee | 1 | $0 | |
Suzie A Spinosa Trustee | 1 | $0 | |
Christy A Ghigiarelli Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $16,933 |
| Dividends & Interest | $231,487 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,632,629 |
| Capital Gain Net Income | $8,632,629 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $93,448 |
| Total Revenue | $8,974,497 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $37,427 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $52,030 |
| Total operating and administrative expenses | $97,857 |
| Contributions, gifts, grants paid | $1,730,045 |
| Total expenses and disbursements | $1,827,902 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,596,990 |
| Net Accounts receivable | $1,140 |
| 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 | $29,162,940 |
| 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, Salvaggio Family Foundation Tr 10011998 has awarded $1,730,045 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
Allentown, PA PURPOSE: CHARITABLE | $500,000 |
ST THOMAS MOORE SCHOOL PURPOSE: CHARITABLE | $355,000 |
PENN STATE UNIVERSITY PURPOSE: CHARITABLE | $221,000 |
Center Valley, PA PURPOSE: CHARITABLE | $200,000 |
VALLEY YOUTH HOUSE PURPOSE: CHARITABLE | $100,000 |
Chicago, IL PURPOSE: CHARITABLE | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |