Paul And June Rossetti Foundation
- Assets
- $9.5m
- Revenue
- $208.0k
- Investments
- $9.4m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 06/2019
- Data as of
- 12/2023
- EIN
- 83-2198543
Organization Overview
Paul And June Rossetti Foundation is located in Wilmington, DE. The organization was established in 2019. 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. Paul And June Rossetti 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 12/2023, Paul And June Rossetti Foundation generated $208.0k 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 (22.7%) each year. All expenses for the organization totaled $671.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Paul And June Rossetti Foundation has awarded 37 individual grants totaling $1,604,500. 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 |
|---|---|---|---|
Paige M Henchen VP | 2 | $0 | |
Elizabeth J Rossetti Dir, Sec | 5 | $0 | |
Paul Rossetti Dir, Pres, Treas | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $35,681 |
| Dividends & Interest | $190,510 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$99,152 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $80,939 |
| Total Revenue | $207,978 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,571 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $38,533 |
| Total operating and administrative expenses | $51,445 |
| Contributions, gifts, grants paid | $620,000 |
| Total expenses and disbursements | $671,445 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $128,254 |
| 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 | $2,065,737 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,503,568 |
| 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, Paul And June Rossetti Foundation has awarded $620,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BETTY FORD ALPINE GARDENS PURPOSE: GENERAL & UNRESTRICTED | $100,000 |
GEORGE MASON UNIVERSITY FOUNDATION INC PURPOSE: CENTER FOR CLIMATE CHANGE COMMUNICATION - REPUBLICEN.ORG - ENERGY & ENTERPRISE INITIATIVE | $50,000 |
LAND CORE PURPOSE: GENERAL & UNRESTRICTED | $100,000 |
ST CLARE OF ASSISI CATHOLIC PARISH IN EDWARDS PURPOSE: CAPITAL CAMPAIGN BUILDING FUND | $250,000 |
UNIVERSITY OF IDAHO FOUNDATION INC PURPOSE: COLLEGE OF NATURAL RESOURCES' STRENGTHENING REFORESTATION EXCELLENCE FUND | $50,000 |
UNIVERSITY OF IDAHO FOUNDATION INC PURPOSE: COLLEGE OF NATURAL RESOURCES, PITKIN NURSERY SUMMER INTERN PROGRAM | $40,000 |