Gerbino Family Foundation
- Assets
- $817.9k
- Revenue
- $49.7k
- Investments
- $744.7k
- Employees
- 0
- Location
- Mount Kisco, NY
- Founding
- 03/2010
- Data as of
- 12/2023
- EIN
- 01-0939901
Organization Overview
Gerbino Family Foundation is located in Mount Kisco, NY. The organization was established in 2010. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Gerbino Family 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, Gerbino Family Foundation generated $49.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $97.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Gerbino Family Foundation has awarded 76 individual grants totaling $652,654. 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 Gerbino Director/president/treasurer | 2 | $0 | |
Donna Pellicano Director/asst. Secretary | 2 | $0 | |
Lisa Gerbino Director/vp/secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $17,000 |
| Interest on Savings | $1,047 |
| Dividends & Interest | $25,361 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,341 |
| Capital Gain Net Income | $6,341 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $49,749 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $951 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $141 |
| Total operating and administrative expenses | $10,184 |
| Contributions, gifts, grants paid | $86,977 |
| Total expenses and disbursements | $97,161 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $73,246 |
| 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 | $817,919 |
| 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, Gerbino Family Foundation has awarded $86,977 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
ALEX CASARELLA PURPOSE: SCHOLARSHIP TO FORDHAM UNIVERSITY | $5,000 |
ADAM CAMPBELL PURPOSE: SCHOLARSHIP TO THE ACADEMY OF ART UNIVERSITY | $5,617 |
ALEXANDRA CATALANELLO PURPOSE: SCHOLARSHIP TO THE GEORGE WASHINGTON UNIVERSITY | $5,000 |
ASPCA PURPOSE: TO PROVIDE EFFECTIVE MEANS FOR THE PREVENTION OF CRUELTY TO ANIMALS THROUGHOUT THE UNITED STATES. | $500 |
CANCER CARE PURPOSE: FUND RAISING FOR CANCER RESEARCH | $17,840 |
CHRISTOPHER ADANECH PURPOSE: SCHOLARSHIP TO SYRACUSE UNIVERSITY | $15,000 |