James And Barbara Cimino Foundation Inc
- Assets
- $22.0m
- Revenue
- $613.5k
- Investments
- $21.0m
- Employees
- 0
- Location
- San Juan, PR
- Founding
- 06/1995
- Data as of
- 12/2020
- EIN
- 82-0474867
Organization Overview
James And Barbara Cimino Foundation Inc is located in San Juan, PR. The organization was established in 1995. 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. James And Barbara Cimino 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 12/2020, James And Barbara Cimino Foundation Inc generated $613.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 30.7% each year . All expenses for the organization totaled $306.8k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, James And Barbara Cimino Foundation Inc has awarded 72 individual grants totaling $636,806. 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 |
|---|---|---|---|
David Cimino Director | 0 | $0 | |
James A Cimino Director | 0 | $0 | |
Robert A Cimino Director/pres. | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $79,220 |
| Interest on Savings | $7,356 |
| Dividends & Interest | $235,279 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $291,683 |
| Capital Gain Net Income | $291,683 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $613,538 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,950 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $89,039 |
| Total operating and administrative expenses | $100,831 |
| Contributions, gifts, grants paid | $205,924 |
| Total expenses and disbursements | $306,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $570,979 |
| 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 | $425,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $20,955,764 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $21,951,743 |
| 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, James And Barbara Cimino Foundation Inc has awarded $205,924 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
SCHOLARSHIP PAYMENTS TO VARIOUS UNI PURPOSE: EDUCATIONAL | $50,000 |
IDAHO PUBLIC TELEVISION PURPOSE: EDUCATIONAL | $25,000 |
KETCHUM COMMUNITY LIBRARY PURPOSE: EDUCATIONAL | $25,000 |
CITY OF KETCHUM PURPOSE: ENVIRONMENTAL | $22,974 |
SUN VALLEY WRITERS PURPOSE: EDUCATIONAL | $12,950 |
SENIOR CONNECTION PURPOSE: CHARITABLE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mcs Foundation Inc San Juan, PR | $999,846 | $1,418,336 |
James And Barbara Cimino Foundation Inc San Juan, PR | $21,951,743 | $613,538 |
Scaramella Faith Foundation Inc Rio Grande, PR | $2,166,599 | $2,013,797 |
Harvey Foundation Inc San Juan, PR | $3,288,172 | $95,600 |
Marie And Paul Napoli Foundation Dorado, PR | $444,705 | $39,003 |
Roca-Sanchez Charitable Foundation Inc San Juan, PR | $344,424 | $18,450 |
Miranda Foundation San Juan, PR | $0 | $2,028 |