John And Helen Timo Foundation
- Assets
- $4.5m
- Revenue
- $1.5m
- Investments
- $4.5m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 45-5288194
Organization Overview
John And Helen Timo Foundation is located in Wilmington, DE. The organization was established in 2014. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. John And Helen Timo 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 12/2021, John And Helen Timo Foundation generated $1.5m in total revenue. All expenses for the organization totaled $197.1k during the year ending 12/2021. While expenses have increased by 6.8% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, John And Helen Timo Foundation has awarded 46 individual grants totaling $233,125. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE ATTACHMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Silvestri Dir, Pres | 25 | $26,000 | |
Mary Catherine Silvestri Dir, Sec | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $249 |
| Interest on Savings | $75 |
| Dividends & Interest | $108,589 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,425,303 |
| Capital Gain Net Income | $1,425,303 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,534,216 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $26,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $5,051 |
| Interest | $0 |
| Taxes | $900 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $8,191 |
| Printing and publications | $277 |
| Other expenses | $27,251 |
| Total operating and administrative expenses | $95,744 |
| Contributions, gifts, grants paid | $101,350 |
| Total expenses and disbursements | $197,094 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $30,237 |
| 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 | $4,513,608 |
| 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, John And Helen Timo Foundation has awarded $101,350 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
Grand Isle, VT PURPOSE: GENERAL & UNRESTRICTED | $33,000 |
Alexandria, VA PURPOSE: GENERAL & UNRESTRICTED | $21,000 |
SISTERS OF THE ORDER OF SAINT BASIL THE GREAT PURPOSE: GENERAL & UNRESTRICTED | $7,600 |
Grand Isle, VT PURPOSE: LEMKO STUDIES HANDBOOK FUND | $6,000 |
SLAVJANE FOLK ENSEMBLE PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
SISTERS OF THE ORDER OF SAINT BASIL THE GREAT PURPOSE: THE MOUNT SAINT MACRINA CEMETERY FUND | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Business Leadership Organized For Catholic Schools King Of Prussia, PA | $82,544,630 | $55,644,917 |
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Foundation For Advanced Education In The Sciences Inc Bethesda, MD | $54,757,501 | $41,367,941 |
Somerset Community Services Inc Marion Station, MD | $23,511,474 | $20,221,070 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |
Children Scholarship Fund Philadelphia Philadelphia, PA | $24,817,690 | $13,351,193 |
Foundation For Jewish Day Schools Of Greater Philadelphia Philadelphia, PA | $5,671,351 | $11,978,701 |
James Annenberg La Vea Charitable Foundation Philadelphia, PA | $176,224,277 | $5,500,392 |
Institute For Citizens And Scholars Princeton, NJ | $17,317,706 | $10,248,308 |
Siemens Foundation Iselin, NJ | $75,710,306 | $10,400,455 |
East Side Charter School Of Wilmington Inc Wilmington, DE | $9,042,787 | $7,810,738 |
Enoch Trust Pennington, NJ | $132,750,633 | $20,236,013 |