R & R Family Foundation Inc
- Assets
- $1.9m
- Revenue
- $118.2k
- Investments
- $1.8m
- Employees
- 0
- Location
- Ledgewood, NJ
- Founding
- 10/2008
- Data as of
- 05/2023
- EIN
- 32-0217970
Organization Overview
R & R Family Foundation Inc is located in Ledgewood, NJ. The organization was established in 2008. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. R & R 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 05/2023, R & R Family Foundation Inc generated $118.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (25.5%) each year. All expenses for the organization totaled $176.2k during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by (21.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, R & R Family Foundation Inc has awarded 66 individual grants totaling $4,894,709. 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 |
|---|---|---|---|
Kathryn P Romano Secretary/trustee | 0.5 | $0 | |
Dominick J Romano Co-President/trustee | 0.5 | $0 | |
David P Romano Co-President/trustee | 0.5 | $0 | |
Nina A Romano Vice President/trustee | 0.5 | $0 | |
Joe Cavaleri Treasurer/trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $110,940 |
| Interest on Savings | $0 |
| Dividends & Interest | $48,157 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$40,876 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $118,221 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,830 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $13,178 |
| Contributions, gifts, grants paid | $163,000 |
| Total expenses and disbursements | $176,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,290 |
| Savings and temporary cash investments | $0 |
| 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 | $81,279 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $485 |
| Total assets | $1,948,771 |
| 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, R & R Family Foundation Inc has awarded $163,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SCARC PURPOSE: SUPPORT OF INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES | $60,000 |
THE GROWING STAGE PURPOSE: SUPPORTING THEATER FOR CHILDREN IN NJ | $93,000 |
NEWTON MEDICAL CENTER FOUNDATION PURPOSE: MEDICAL AND RESEARCH ASSISTANCE | $5,000 |
UNIVERSITY OF PENNSYLVANIA PURPOSE: EDUCATION | $5,000 |