Sordoni Foundation Inc
- Assets
- $9.7m
- Revenue
- $970.3k
- Investments
- $9.6m
- Employees
- 0
- Location
- Forty Fort, PA
- Founding
- 11/2013
- Data as of
- 12/2022
- EIN
- 46-0728514
Organization Overview
Sordoni Foundation Inc is located in Forty Fort, PA. The organization was established in 2013. 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. Sordoni 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 12/2022, Sordoni Foundation Inc generated $970.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $478.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Sordoni Foundation Inc has awarded 185 individual grants totaling $3,352,166. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew J Sordoni III Chairman | 0 | $0 | |
Dina Orlando Secretary Asst Treasurer | 0 | $0 | |
Susan F Sordoni MD Director | 0 | $0 | |
John J Menapace Director | 0 | $0 | |
Maria Sordoni Hudacek President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $48,898 |
| Dividends & Interest | $156,063 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $764,959 |
| Capital Gain Net Income | $764,959 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $384 |
| Total Revenue | $970,304 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $26,790 |
| Contributions, gifts, grants paid | $451,959 |
| Total expenses and disbursements | $478,749 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $107,918 |
| 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 | $9,550,475 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,658,393 |
| 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, Sordoni Foundation Inc has awarded $451,959 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
KING'S COLLEGE PURPOSE: CHARITABLE | $43,459 |
FINE ARTS FIESTA PURPOSE: CHARITABLE | $1,000 |
DOMESTIC VIOLENCE SERVICE CTR PURPOSE: CHARITABLE | $1,000 |
COLLEGE OF THE HOLY CROSS PURPOSE: CHARITABLE | $1,000 |
ACTA PURPOSE: CHARITABLE | $1,000 |
CATO INSTITUTE PURPOSE: CHARITABLE | $1,000 |