Scaramella Faith Foundation Inc
- Assets
- $1.2m
- Revenue
- $55.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Rio Grande, PR
- Founding
- 08/2016
- Data as of
- 12/2023
- EIN
- 81-1123236
Organization Overview
Scaramella Faith Foundation Inc is located in Rio Grande, PR. The organization was established in 2016. 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. Scaramella Faith 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, Scaramella Faith Foundation Inc generated $55.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (35.9%) each year. All expenses for the organization totaled $726.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Scaramella Faith Foundation Inc has awarded 83 individual grants totaling $2,113,259. 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 |
|---|---|---|---|
Lorianne Scaramella President | 1 | $0 | |
Russell Scaramella Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,062 |
| Interest on Savings | $4,835 |
| Dividends & Interest | $152 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$26,786 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $71,598 |
| Total Revenue | $55,861 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $71 |
| Taxes | $7,153 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $63,469 |
| Printing and publications | $0 |
| Other expenses | $24,667 |
| Total operating and administrative expenses | $98,965 |
| Contributions, gifts, grants paid | $627,281 |
| Total expenses and disbursements | $726,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $172,532 |
| Savings and temporary cash investments | $0 |
| 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 | $1,075,000 |
| Total assets | $1,247,532 |
| 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, Scaramella Faith Foundation Inc has awarded $627,281 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
ASU FOUNDATION PURPOSE: CHARITABLE GIVING | $15,000 |
DOMINICAN SISTERS PURPOSE: CHARITABLE GIVING | $1,000 |
FRANISCAN FRIARS OF THE HOLY SPIRIT PURPOSE: CHARITABLE GIVING | $16,746 |
LEGION OF CHRIST PURPOSE: CHARITABLE GIVING | $5,000 |
MT CLARET RETREAT CENTER PURPOSE: CHARITABLE GIVING | $6,200 |
OUR LADY OF SOLITUDE PURPOSE: CHARITABLE GIVING | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kinesis Inc Guaynabo, PR | $15,917,764 | $3,336,397 |
James And Barbara Cimino Foundation Inc San Juan, PR | $19,393,150 | $1,227,140 |
Mcs Foundation Inc San Juan, PR | $57,300 | $1,235,049 |
Scaramella Faith Foundation Inc Rio Grande, PR | $1,247,532 | $55,861 |
Marie And Paul Napoli Foundation Dorado, PR | $0 | $291,683 |
Harvey Foundation Inc San Juan, PR | $3,274,881 | $88,086 |
Roca-Sanchez Charitable Foundation Inc Dorado, PR | $388,775 | $25,394 |
Miranda Foundation San Juan, PR | $0 | $2,028 |
Rill Family Foundation Inc Dorado, PR | $1,107,532 | $1,098,465 |