George And Mary Agostini Family Foundation Inc
- Assets
- $3.6m
- Revenue
- $628.3k
- Investments
- $1.3m
- Employees
- 0
- Location
- Rumford, RI
- Founding
- 05/2011
- Data as of
- 12/2023
- EIN
- 27-4385276
Organization Overview
George And Mary Agostini Family Foundation Inc is located in Rumford, RI. The organization was established in 2011. 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. George And Mary Agostini Family 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 12/2023, George And Mary Agostini Family Foundation Inc generated $628.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $79.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, George And Mary Agostini Family Foundation Inc has awarded 147 individual grants totaling $974,021. 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 |
|---|---|---|---|
Paula J Bizier Director | 0 | $0 | |
Steven J Agostini Director | 0 | $0 | |
David G Agostini Vice President-Director | 0 | $0 | |
Joshua Agostini President-Director-Treasurer-Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $128,343 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $628,343 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $759 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,587 |
| Total operating and administrative expenses | $10,301 |
| Contributions, gifts, grants paid | $69,500 |
| Total expenses and disbursements | $79,801 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,319,444 |
| 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 | $1,090,581 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,609,241 |
| 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, George And Mary Agostini Family Foundation Inc has awarded $69,500 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
BISHOP FEEHAN HIGH SCHOOL PURPOSE: TO SUPPORT THE HIGH SCHOOLS ANNUAL FUNDRAISING CAMPAIGN | $200 |
COLUMBIAN FATHERS PURPOSE: TO PROVIDE FINANCIAL SUPPORTS AND ASSISTANCE WITH DAY TO DAY EXPENSES. | $7,700 |
CROSSROADS RHODE ISLAND PURPOSE: TO PROVIDE MONETARY SUPPORT DURING THE HOLIDAY SEASON | $1,000 |
DORCAS INT'L INSTITUTE PURPOSE: FINANCIAL SUPPORT FOR LOCAL IMMIGRANT FAMILIES OF RHODE ISLAND. | $3,000 |
GLORIA GEMMA BREAST CANCER RESOURCE FOUNDATION PURPOSE: TO SUPPORT TEAM 306 PARTICIPATING IN THE WALK 44 PROGRAM | $500 |
HEBRON FOOD PANTRY PURPOSE: TO ASSIST WITH REPLENISHING THE FREEZER WHEN ITEMS THAWED OUT FROM POWER SURGE AND WERE UNSAFE TO EAT | $500 |