Sordoni Family Foundation
- Assets
- $12.7m
- Revenue
- $651.7k
- Investments
- $12.0m
- Employees
- 0
- Location
- Forty Fort, PA
- Founding
- 11/2013
- Data as of
- 12/2021
- EIN
- 46-0749551
Organization Overview
Sordoni Family Foundation 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 Family 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, Sordoni Family Foundation generated $651.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $371.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Sordoni Family Foundation has awarded 211 individual grants totaling $2,980,633. 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 |
|---|---|---|---|
Matthew R Sordoni Vice President/secretary/t | 0 | $0 | |
Margaret S Morris Director | 0 | $0 | |
William E Sordoni Director | 0 | $0 | |
Jonathan P Sordoni Director | 0 | $0 | |
Andrew J Sordoni III Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $41,135 |
| Dividends & Interest | $251,066 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $359,493 |
| Capital Gain Net Income | $359,493 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $651,694 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,520 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $55,286 |
| Contributions, gifts, grants paid | $315,900 |
| Total expenses and disbursements | $371,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $694,958 |
| 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 | $11,992,899 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,687,857 |
| Accounts payable and accrued expenses | $72 |
| 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 | $72 |
Grants Awarded
Over the last fiscal year, Sordoni Family Foundation has awarded $315,900 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
Wilkes Barre, PA PURPOSE: UNRESTRICTED USE OF RECIPIENT | $50,000 |
COMMONWEALTH FOUNDATION PURPOSE: MATCHING GRANT FOR TRAIL BUILDING IN WILKES-BARRE | $50,000 |
WYOMING SEMINARY PURPOSE: UNRESTRICTED USE OF RECIPIENT | $44,800 |
GREATER WILKES BARRE GROWTH PARTNERSHIP PURPOSE: GENERAL ECONOMIC DEVELOPMENT SUPPORT | $25,000 |
Wilkes Barre, PA PURPOSE: FUNDING OF MEDICAL ASSESSMENTS AND CHILD FORENSIC INTERVIEWS FOR VICTIMS OF ABUSE | $25,000 |
UNITED WAY OF LACKAWANNA COUNTY PURPOSE: UNRESTRICTED USE OF RECIPIENT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |