Santomero Family Foundation Inc
- Assets
- $6.3m
- Revenue
- $206.1k
- Investments
- $5.9m
- Employees
- 0
- Location
- Bedford, NY
- Founding
- 06/2006
- Data as of
- 12/2023
- EIN
- 72-1606508
Organization Overview
Santomero Family Foundation Inc is located in Bedford, NY. 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. Santomero Family 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 12/2023, Santomero Family Foundation Inc generated $206.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 48.2% each year . All expenses for the organization totaled $181.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Santomero Family Foundation Inc has awarded 386 individual grants totaling $1,903,697. 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 |
|---|---|---|---|
Camillo M Santomero III Vice President | 2 | $0 | |
Denise C R Santomero President | 2 | $0 | |
Camillo M Santomero III Treasurer | 2 | $0 | |
Camillo M Santomero III Secretary | 2 | $0 | |
Charlotte Young Santomero Director | 2 | $7,788 | |
Camillo M Santomero IV Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $13,044 |
| Dividends & Interest | $197,852 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,842 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $206,054 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,788 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $556 |
| Taxes | $2,015 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,622 |
| Total operating and administrative expenses | $25,106 |
| Contributions, gifts, grants paid | $156,571 |
| Total expenses and disbursements | $181,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $380,419 |
| 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 | $423,140 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,322,130 |
| Accounts payable and accrued expenses | $470 |
| 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 | $470 |
Grants Awarded
Over the last fiscal year, Santomero Family Foundation Inc has awarded $156,571 in support to 57 organizations.
| Grant Recipient | Amount |
|---|---|
ST PAULS SCHOOL PURPOSE: EDUCATION | $500 |
ANDREW K DWYER FOUNDATION PURPOSE: CHARITABLE | $1,000 |
ST MATTHEWS CHURCH PURPOSE: OPERATIONS | $20,970 |
HUDSON INSTITUTE PURPOSE: CHARITABLE | $16,000 |
UNTERMYER GARDENS CONSERVATORY PURPOSE: ENVIROMENTAL | $65 |
NORTHERN WESTCHESTER HOSPITAL PURPOSE: CHARITABLE | $100 |