Nicolosi Foundation For Animal Welfare
- Assets
- $1.0m
- Revenue
- $64.3k
- Investments
- $882.2k
- Employees
- 0
- Location
- Charlestown, RI
- Founding
- 05/2018
- Data as of
- 12/2021
- EIN
- 82-3705600
Organization Overview
Nicolosi Foundation For Animal Welfare is located in Charlestown, RI. The organization was established in 2018. According to its NTEE Classification (D20) the organization is classified as: Animal Protection & Welfare, under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nicolosi Foundation For Animal Welfare 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 12/2021, Nicolosi Foundation For Animal Welfare generated $64.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (42.2%) each year. All expenses for the organization totaled $25.2k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE ANIMAL WELFARE THROUGH VARIED PROGRAMS PERTAINING TO ANIMAL RESCUE, RESPONSIBLE ANIMAL PLACEMENT, HUMANE POPULATION CONTRAL TECHNIQUES, PROMOTION OF HUMANELY RAISED ANIMALS, AND TO CARRY ON ANY OTHER LAWFUL ACTIVITY IN SUPPORT OF THE FOREGOING STATED PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louise Anderson President | 10 | $0 | |
John Nicolosi Director | 1 | $0 | |
Paul Filippetti Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,298 |
| Interest on Savings | $19 |
| Dividends & Interest | $37,426 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $25,294 |
| Capital Gain Net Income | $25,294 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $272 |
| Total Revenue | $64,309 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $599 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,125 |
| Total operating and administrative expenses | $18,563 |
| Contributions, gifts, grants paid | $6,600 |
| Total expenses and disbursements | $25,163 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,187 |
| 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 | $1,747 |
| Other assets | $0 |
| Total assets | $1,012,115 |
| Accounts payable and accrued expenses | $2,293 |
| 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 | $2,293 |
Grants Awarded
Over the last fiscal year, Nicolosi Foundation For Animal Welfare has awarded $6,600 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Foster, RI PURPOSE: GENERAL DONATION | $3,000 |
RHODES HOME RESCUE PURPOSE: GENERAL DONATION | $2,000 |
Ponte Vedra, FL PURPOSE: GENERAL DONATION | $1,000 |
SAVELABRESC PURPOSE: GENERAL DONATION | $500 |
THE ARAFAT ASSOCIATION PURPOSE: GENERAL DONATION | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Connecticut Humane Society Newington, CT | $117,921,081 | $21,690,019 |
Northeast Animal Shelter Inc Salem, MA | $19,710,543 | $7,679,415 |
Second Chance Animal Services Inc East Brookfield, MA | $5,053,487 | $5,702,079 |
Robert Potter League For Animals Inc Middletown, RI | $12,474,633 | $5,762,873 |
Dakin Pioneer Valley Humane Societyinc Springfield, MA | $7,050,359 | $3,964,658 |
Rhode Island Society For The Prevention Of Cruelty To Animals East Providence, RI | $18,328,582 | $3,720,914 |
New England Anti-Vivisection Society Boston, MA | $5,119,200 | $965,019 |
Our Companions Domestic Animal Sanctuary Inc Manchester, CT | $6,899,497 | $2,404,768 |
Vested Interest In K9s Inc East Taunton, MA | $2,983,677 | $2,462,726 |
Berkshire Humane Society Inc Pittsfield, MA | $4,482,278 | $2,585,448 |
Four Paws International Inc Boston, MA | $491,675 | $1,828,856 |
American Fondouk Maintenance Committee Inc Boston, MA | $19,351,571 | $1,727,974 |