Richard And Margaret Romano Charitable Tr
- Assets
- $5.3m
- Revenue
- $1.3m
- Investments
- $5.1m
- Employees
- 0
- Location
- Evanston, IL
- Founding
- 05/2006
- Data as of
- 12/2022
- EIN
- 68-6251318
Organization Overview
Richard And Margaret Romano Charitable Tr is located in Evanston, IL. The organization was established in 2006. 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. Richard And Margaret Romano Charitable Tr 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, Richard And Margaret Romano Charitable Tr generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 62.6% each year . All expenses for the organization totaled $516.7k during the year ending 12/2022. While expenses have increased by 31.6% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Richard And Margaret Romano Charitable Tr has awarded 73 individual grants totaling $512,949. 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 |
|---|---|---|---|
Richard C Romano Trustee | 0.5 | $0 | |
Natalie Romano Trustee | 0.5 | $0 | |
James D Romano Trustee | 0.5 | $0 | |
Kathryn R Mayer Trustee | 0.5 | $0 | |
Joseph Rv Romano Trustee | 0.5 | $0 | |
Robert S Mayer Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $551,044 |
| Interest on Savings | $27,624 |
| Dividends & Interest | $149,312 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $518,081 |
| Capital Gain Net Income | $9,760 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $20,513 |
| Total Revenue | $1,266,574 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $809 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,600 |
| Total operating and administrative expenses | $6,734 |
| Contributions, gifts, grants paid | $510,000 |
| Total expenses and disbursements | $516,734 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $187,805 |
| 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 | $5,272,729 |
| 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, Richard And Margaret Romano Charitable Tr has awarded $325,766 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
GANNON UNIVERSITY PURPOSE: EDUCATIONAL OPPORTUNITIES | $2,500 |
LEARN CHARTER SCHOOL NETWORK PURPOSE: EDUCATIONAL OPPORTUNITIES | $125,000 |
CANCER FOR COLLEGE PURPOSE: EDUCATIONAL OPPORTUNITIES | $2,500 |
COOK CO HEALTH FOUNDATION PURPOSE: HEALTH CARE FOR EVERYONE | $5,000 |
SHORE COMMUNITY SERVICES PURPOSE: ASSIST DISABLED | $55,100 |
PROJECT ZAWADI PURPOSE: EDUCATION OPPORTUNITIES IN TANZANIA | $5,000 |