Pizzo & Pizzo Family Foundation Inc
- Assets
- $10.2m
- Revenue
- $433.3k
- Investments
- $9.5m
- Employees
- 0
- Location
- Bridgewater, NJ
- Founding
- Data as of
- 09/2023
- EIN
- 86-1238201
Organization Overview
Pizzo & Pizzo Family Foundation Inc is located in Bridgewater, NJ. 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. Pizzo & Pizzo Family 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 09/2023, Pizzo & Pizzo Family Foundation Inc generated $433.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (24.7%) each year. All expenses for the organization totaled $257.0k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Pizzo & Pizzo Family Foundation Inc has awarded 11 individual grants totaling $287,500. 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 |
|---|---|---|---|
Robert Hutchins Director | 1 | $0 | |
Kenneth S Pizzo Jr Director | 1 | $0 | |
Meaghan Pizzo Executive Director | 1 | $0 | |
Deborah Marsella Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $193,009 |
| Interest on Savings | $0 |
| Dividends & Interest | $197,047 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $43,197 |
| Capital Gain Net Income | $43,197 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $433,253 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,343 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $946 |
| Total operating and administrative expenses | $69,518 |
| Contributions, gifts, grants paid | $187,500 |
| Total expenses and disbursements | $257,018 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $632,058 |
| 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 | $6,557,184 |
| Net Land, buildings, and equipment | $12,295 |
| Other assets | $0 |
| Total assets | $10,182,973 |
| 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, Pizzo & Pizzo Family Foundation Inc has awarded $187,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
OPERATION BEACHHEAD PURPOSE: A NON PROFIT ORGANIZATON THAT OFFERS VETERANS, TROOPS AND DISABLED INDIVIDUALS ADAPTIVE RECREATIONAL SPORTS AND ACTIVITIES. | $5,000 |
THE GOOD SISTER FILIPPINI AT VILLA WALSH PURPOSE: TO PROMOTE CHRISTIAN EDUCATION OF YOUTH AND ADULTS. | $50,000 |
THE RELIGIOUS TEACHERS FILIPPINI PURPOSE: TO PROMOTE CHRISTIAN EDUCATION OF YOUTH AND ADULTS. | $50,000 |
ANTHONY RIZZO FAMILY FOUNDATION PURPOSE: TO PROVIDE DIRECT FINANCIAL AND EMOTIONAL SUPPORT TO CHILDREN AND THEIR FAMILIES WHO ARE BATTLING CANCER. | $25,000 |
DELBARTON FUND PURPOSE: TO TRANSFORM THE EDUCATIONAL EXPERIENCE FOR EVERY STUDENT EVERY DAY | $50,000 |
LAUREN'S KIDS PURPOSE: TO EDUCATE ADULTS AND CHILDREN ABOUT SEXUAL ABUSE AND TO HELP SURVIVORS HEAL WITH GUIDANCE AND SUPPORT | $7,500 |