Francesco And Mary Giambelli Foundation Inc
- Assets
- $0.0
- Revenue
- $2.9m
- Investments
- $30.2m
- Employees
- 0
- Location
- Woodbury, NY
- Founding
- 10/2014
- Data as of
- 12/2021
- EIN
- 46-3230605
Organization Overview
Francesco And Mary Giambelli Foundation Inc is located in Woodbury, NY. The organization was established in 2014. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Francesco And Mary Giambelli 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 12/2021, Francesco And Mary Giambelli Foundation Inc generated $2.9m 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 (37.7%) each year. All expenses for the organization totaled $2.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Francesco And Mary Giambelli Foundation Inc has awarded 169 individual grants totaling $6,458,758. 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 |
|---|---|---|---|
Angelo Vivolo Director / President | 5 | $50,000 | |
Justine Devito Tenney Director / Treasurer | 6 | $50,000 | |
Claudio Devellis Director / Secretary | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tiedmann Abp | 12/30/22 | $207,094 |
Beacon Investment Advisory Svc | 12/30/22 | $123,089 |
Mazars Usa Llp | 12/30/22 | $58,665 |
Regent Atlantic Capital Llc | 12/30/22 | $52,032 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $509,213 |
| Profit on Inventory Sales | $0 |
| Other Income | $71,530 |
| Total Revenue | $2,860,138 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $100,000 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $712,962 |
| Contributions, gifts, grants paid | $1,767,750 |
| Total expenses and disbursements | $2,480,712 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $625,747 |
| Investments—mortgage loans | $0 |
| Investments—other | $18,959,003 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Francesco And Mary Giambelli Foundation Inc has awarded $2,116,023 in support to 67 organizations.
| Grant Recipient | Amount |
|---|---|
ARCHBISHOP MOLLOY HIGH SCHOOL PURPOSE: EDUCATION | $50,000 |
BISHOP LOUGHLIN MEMORIAL HIGH SCHOOL PURPOSE: EDUCATION | $50,000 |
CATHOLIC CHARITIES PURPOSE: CHARITABLE | $90,000 |
CATHOLIC FAITH NETWORK PURPOSE: RELIGIOUS | $165,000 |
CITY HARVEST INC PURPOSE: CHARITABLE | $20,000 |
EMOTIONS MATTER PURPOSE: MEDICAL | $20,000 |