Rocco A And Mary Abessinio Foundation Inc
- Assets
- $15.5m
- Revenue
- $2.6m
- Investments
- $15.4m
- Employees
- 0
- Location
- Concordville, PA
- Founding
- 02/2002
- Data as of
- 12/2021
- EIN
- 51-0413298
Organization Overview
Rocco A And Mary Abessinio Foundation Inc is located in Concordville, PA. The organization was established in 2002. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Rocco A And Mary Abessinio 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, Rocco A And Mary Abessinio Foundation Inc generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 23.4% each year . All expenses for the organization totaled $51.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Rocco A And Mary Abessinio Foundation Inc has awarded 41 individual grants totaling $11,829,321. 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 |
|---|---|---|---|
Vincent T Abessinio Director | 0 | $0 | |
Mary D Cool Director | 0 | $0 | |
Joanne F Fabrizio Director | 0 | $0 | |
Rocco A Abessinio Director | 0 | $0 | |
Peter G Abessinio Director | 0 | $0 | |
Mary F Abessinio Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $980,801 |
| Interest on Savings | $0 |
| Dividends & Interest | $275,058 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,315,029 |
| Capital Gain Net Income | $1,915,813 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,570,888 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,604 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,820 |
| Total operating and administrative expenses | $19,962 |
| Contributions, gifts, grants paid | $31,850 |
| Total expenses and disbursements | $51,812 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $124,251 |
| 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 | $15,519,103 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $8,520,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | -$5,981 |
| Total liabilities | $8,514,019 |
Grants Awarded
Over the last fiscal year, Rocco A And Mary Abessinio Foundation Inc has awarded $3,311,850 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
Wilmington, DE PURPOSE: STADIUM RECONSTRUCTION PROJECT | $2,000,000 |
Boca Raton, FL PURPOSE: ATHLETIC ARENA RENOVATIONS CAMPAIGN | $1,000,000 |
ARCHMERE ACADEMY PURPOSE: SCHOLARSHIP FINANCIAL ASSISTANCE | $100,000 |
CHRISTIANA CARE HEALTH SYSTEM INC PURPOSE: WILMINGTON CAMPUS CAMPAIGN | $100,000 |
Wilmington, DE PURPOSE: TO HELP FUND THE ORGANIZATION'S OPERATING BUDGET. | $60,000 |
CATHOLIC CHARITIES INC PURPOSE: TO HELP FUND THE ORGANIZATION'S OPERATING BUDGET. | $24,550 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nora Roberts Foundation Inc Glenn Dale, MD | $90,657,767 | $17,263,079 |
Healthcare Foundation Of New Jersey Inc Millburn, NJ | $201,281,752 | $11,925,991 |
Tr Ua 06162003 New York, NY | $24,153,189 | $17,543,623 |
Linlundh Foundation Huntingdon Valley, PA | $26,974,319 | $5,576,892 |
Hamilton Family Charitable Trust Wayne, PA | $141,914,105 | $43,786,350 |
Hillier Family Foundation Akron, OH | $0 | $3,603,112 |
Daniel B And Florence E Green Foundation Conshohocken, PA | $179,390,509 | $18,946,870 |
Price Family Foundation Inc New York, NY | $4,922,654 | $6,599,359 |
Seed The Dream Foundation Gladwyne, PA | $47,208,358 | $1,088,502 |
Hazel Ruby Mcquain Charitable Tr Morgantown, WV | $103,286,088 | $9,092,496 |
Vf Foundation Wilmington, DE | $28,556,217 | $960,441 |
Ruth Lilly Philanthropic Foundation Wilmington, DE | $89,481,864 | $12,222,478 |