Citrone Foundation Inc
- Assets
- $181.7k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Norwalk, CT
- Founding
- 06/2015
- Data as of
- 12/2021
- EIN
- 47-3375379
Organization Overview
Citrone Foundation Inc is located in Norwalk, CT. The organization was established in 2015. 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. Citrone 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, Citrone Foundation Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.7% each year . All expenses for the organization totaled $1.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Citrone Foundation Inc has awarded 215 individual grants totaling $4,328,800. 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
TO SUPPORT EMBRACE PITTSBURGH IN ITS MISSION TO CHAMPION MENTAL STRENGTH THROUGHOUT THE PITTSBURGH REGION TO HELP PEOPLE LIVE HAPPIER AND HEALTHIER LIVES.
UNPACK U FOSTERS A CULTURE OF PHYSICAL AND VIRTUAL CAMPUS COMMUNITY EMPHASIZING THE IMPORTANCE OF MENTAL WELL-BEING THROUGH COMMUNITY AND A STRATEGIC NETWORK OF PARTNERS. LAUNCHING IN PITTSBURGH, UNPACK U LEVERAGES THE COMMITMENT OF 11 LOCAL UNIVERSITIES TO INCUBATE IMPLEMENT INNOVATIVE PROGRAMMING AND EDUCATIONAL OPPORTUNITIES, WHILE SIMULTANEOUSLY SERVING AS A BRIDGE TO EXISTING PROVEN RESOURCES.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,003,016 |
| Interest on Savings | $15 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,003,031 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $137,420 |
| Pension plans, employee benefits | $27,473 |
| Interest | $0 |
| Taxes | $11,826 |
| Depreciation | $3,569 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,732 |
| Printing and publications | $0 |
| Other expenses | $587,382 |
| Total operating and administrative expenses | $814,221 |
| Contributions, gifts, grants paid | $194,254 |
| Total expenses and disbursements | $1,008,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $164,563 |
| 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 | $750 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $16,357 |
| Total assets | $181,670 |
| Accounts payable and accrued expenses | $19,184 |
| 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 | $19,184 |
Grants Awarded
Over the last fiscal year, Citrone Foundation Inc has awarded $194,254 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: TO SUPPORT ARTS-CENTERED PROGRAMS FOR GIRLS FROM URBAN COMMUNITIES | $32,740 |
KIDS BEATING CANCER PURPOSE: TO SUPPORT CANCER RESEARCH, CHILDREN AND THEIR FAMILIES THROUGHOUT THE JOURNEY TO A CURE | $25,000 |
Westport, CT PURPOSE: TO SUPPORT BREAST CANCER PATIENTS AND TO PROVIDE SCREENING AND FINANCIAL ASSISTANCE TO THOSE IN NEED | $25,000 |
ST ANTHONY CHURCH PURPOSE: TO SUPPORT THE MISSION OF THE CATHOLIC CHURCH THROUGH SERVICE TO THOSE IN NEED | $20,000 |
Mission Viejo, CA PURPOSE: TO SUPPORT DUCHENNE MUSCULAR DYSTROPHY RESEARCH AND CARE | $15,000 |
New York, NY PURPOSE: TO SUPPORT THE MENTAL HEALTH OF YOUNG PEOPLE AND WORK WITH THEM TO BUILD A KINDER AND BRAVER WORLD | $10,644 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Eastern Bank Charitable Foundation Lynn, MA | $286,575,476 | $18,352,628 |
G Harold And Leila Mathers Charitable Foundation Rye Brook, NY | $96,045,942 | $16,941,265 |
Elms Foundation Providence, RI | $0 | -$22,907 |
Thomas L Kempner Jr Foundation Inc Southampton, NY | $328,355,645 | $44,754,721 |