Bianco Foundation Inc
- Assets
- $1.3m
- Revenue
- $18.9k
- Investments
- $889.5k
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/2007
- Data as of
- 08/2023
- EIN
- 26-0636572
Organization Overview
Bianco Foundation Inc is located in New York, NY. The organization was established in 2007. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Bianco 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 08/2023, Bianco Foundation Inc generated $18.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (11.6%) each year. All expenses for the organization totaled $105.1k during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Bianco Foundation Inc has awarded 16 individual grants totaling $267,900. 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 |
|---|---|---|---|
Richard Bianco Sr President | 2 | $0 | |
Richard Bianco Jr Treasurer | 0.5 | $0 | |
Joann Bianco Vice President | 0 | $0 | |
Christiana Bianco Vice President | 0 | $0 | |
Alessandra Bianco Secrtary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $400 |
| Interest on Savings | $19,523 |
| Dividends & Interest | $24,512 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$25,551 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $18,884 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $658 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $660 |
| Contributions, gifts, grants paid | $104,400 |
| Total expenses and disbursements | $105,060 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $421,283 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,310,757 |
| 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, Bianco Foundation Inc has awarded $104,400 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ST JOAN OF ARC CATHOLIC SCHOOL PURPOSE: GENERAL | $5,000 |
MEMORIAL SLOAN KETTEING CANCER CENTER PURPOSE: GENERAL | $89,400 |
ST MCHAEL THE ARCHANGEL CHURCH PURPOSE: GENERAL | $10,000 |