Joseph Russo Foundation
- Assets
- $2.4m
- Revenue
- $51.2k
- Investments
- $2.3m
- Employees
- 0
- Location
- Boulder, CO
- Founding
- 07/2018
- Data as of
- 12/2022
- EIN
- 82-2665370
Organization Overview
Joseph Russo Foundation is located in Boulder, CO. The organization was established in 2018. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Joseph Russo Foundation 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, Joseph Russo Foundation generated $51.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $141.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCIENTIFIC RESEARCH IN RELIEVING PAIN. PRINCIPAL INVESTIGATOR AND ASSISTANT PERFORMING ANIMAL BRAIN SURGERY AND MONITORING NEUROLOGICAL ACTIVITY. PURCHASED EQUIPMENT.
SCIENTIFIC RESEARCH TO DEVELOP ORGANIC MATS FOR PLACEMENT IN FIELDS TO INHIBIT WEED GROWTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marilyn Hartig Chairperson | 1 | $0 | |
Jeanne Guenther Treasurer | 1 | $0 | |
Paul Hartig Secretary | 1 | $0 | |
Rodney Beard Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $51,194 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $51,194 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $848 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10 |
| Total operating and administrative expenses | $858 |
| Contributions, gifts, grants paid | $140,382 |
| Total expenses and disbursements | $141,240 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,437 |
| 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 | $0 |
| Total assets | $2,395,784 |
| 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, Joseph Russo Foundation has awarded $140,382 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SCHULZ INVESTMENTS LLC PURPOSE: RESEARCH TO DEVELOP ORGANIC MAT TO INHIBIT WEED GROWTH IN FIELDS | $41,992 |
UNIVERSITY OF CO PURPOSE: SCIENTIFIC RESEARCH ON PAIN SENSATION PATHWAYS MECHANISMS IN THE BRAIN | $98,390 |