Tony Derosa Foundation
- Assets
- $255.7k
- Revenue
- $11.5k
- Investments
- $210.2k
- Employees
- 0
- Location
- Wilmette, IL
- Founding
- 05/2001
- Data as of
- 12/2022
- EIN
- 36-4394507
Organization Overview
Tony Derosa Foundation is located in Wilmette, IL. The organization was established in 2001. According to its NTEE Classification (G12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tony Derosa Foundation 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 12/2022, Tony Derosa Foundation generated $11.5k 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 (4.7%) each year. All expenses for the organization totaled $16.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Derosa-Ostrom Director/president | 0 | $0 | |
John Derosa Director/vice President | 0 | $0 | |
Richard Ostrom Director/treasurer | 0 | $0 | |
Richard Ostrom Secretary | 0 | $0 | |
Rockney Hudson Assistant Secretary | 0 | $0 | |
Kevin J Sugrue Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,500 |
| Interest on Savings | $676 |
| Dividends & Interest | $5,587 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,255 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $11,508 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $364 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,876 |
| Contributions, gifts, grants paid | $11,750 |
| Total expenses and disbursements | $16,626 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,532 |
| Savings and temporary cash investments | $29,884 |
| 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 | $255,658 |
| 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, Tony Derosa Foundation has awarded $11,750 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
AID FOR WOMEN PURPOSE: GENERAL FUND | $250 |
CARDINAL JOSEPH BERNARDIN SCHOOL PURPOSE: GENERAL FUND | $1,000 |
COMMUNITY FOOD BANK OF SOUTHERN ARIZONA PURPOSE: GENERAL FUND | $250 |
CRISIS ASSISTANCE MINISTRY PURPOSE: GENERAL FUND | $1,500 |
LOYOLA ACADEMY PURPOSE: GENERAL FUND | $1,250 |
MORNINGSTAR MISSION MINISTRIES PURPOSE: GENERAL FUND | $500 |