John P Salamone Memorial Foundation
- Assets
- $375.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Basking Ridge, NJ
- Founding
- 07/2002
- Data as of
- 12/2022
- EIN
- 02-0577343
Organization Overview
John P Salamone Memorial Foundation is located in Basking Ridge, NJ. The organization was established in 2002. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. John P Salamone Memorial 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, John P Salamone Memorial Foundation generated $87.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $517.0 during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THREE$3,000SCHOLARSHIPFORATHLETESATWESTESSEXHIGHSCHOOLINNORTHCALDWELL,NJ
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Sauer President President | 3 | $0 | |
Gregory Vassallo Treasurer | 2 | $0 | |
Kenneth Turnbull Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,492 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $72,293 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $87,785 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $517 |
| Total expenses | $517 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $375,675 |
| Other assets | $0 |
| Total assets | $375,675 |
| Total liabilities | $0 |
| Net assets or fund balances | $375,675 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that John P Salamone Memorial Foundation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Richmond County Savings Foundation Staten Island, NY PURPOSE: JOHN P. SALAMONE SCHOLARSHIPS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Institute For Citizens And Scholars Princeton, NJ | $17,317,706 | $10,248,308 |
The Teagle Foundation Incorporated New York, NY | $172,379,349 | $12,655,674 |
Jackie Robinson Foundation Inc New York, NY | $30,161,175 | $8,662,334 |
Gilder Lehrman Institute Of American History New York, NY | $67,600,972 | $8,993,543 |
Siemens Foundation Iselin, NJ | $75,710,306 | $10,400,455 |
East Side Charter School Of Wilmington Inc Wilmington, DE | $9,042,787 | $7,810,738 |
Target Als Foundation Inc New York, NY | $26,527,264 | $6,977,665 |
Pursuit Transformation Company Inc Long Island City, NY | $13,294,970 | $6,856,404 |
Firemens Association Of The State New York Foundation Inc Albany, NY | $161,398,482 | $10,617,589 |
Morgan Stanley Foundation Inc New York, NY | $117,614,938 | $39,846,453 |
Brooklyn College Foundation Inc Brooklyn, NY | $101,301,645 | $6,939,639 |
The One Love Foundation In Honor Of Yeardley Love Inc Bronxville, NY | $10,162,225 | $8,418,764 |