Donato J Tramuto Foundation
- Assets
- $942.4k
- Revenue
- $306.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Ogunquit, ME
- Founding
- 06/2005
- Data as of
- 12/2023
- EIN
- 03-0373845
Organization Overview
Donato J Tramuto Foundation is located in Ogunquit, ME. The organization was established in 2005. 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. Donato J Tramuto 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, Donato J Tramuto Foundation generated $306.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $309.6k during the year ending 12/2023. While expenses have increased by 7.4% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Donato J Tramuto Foundation has awarded 284 individual grants totaling $4,096,303. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
COMPASSIONATE LEADERSHIP - THE FOUNDATION, RECOGNIZING THAT EVERY SOCIAL ISSUE BEFORE OUR SOCIETY - WHETHER IT BE FOOD INSECURITY, LONELINESS, HEALTHCARE ACCESS, SOCIAL AND FINANCIAL INEQUALITIES, FINDS IT ROOTS IN A MORE COMPASSIONATE AND KINDER SOCIETY. THEREFORE, A BOOK HAS BEEN PUBLISHED BY THE FOUNDATION (THE DOUBLE BOTTOM LINE: HOW COMPASSIONATE LEADERS CAPTIVATE HEARTS AND DELIVER RESULTS) WITH THE GOAL OF EDUCATING CURRENT AND FUTURE LEADERS AROUND HOW TO LEAD WITH COMPASSION. ADDITIONALLY, AND RECOGNIZING THAT LEARNING ABOUT COMPASSION MUST BEGIN AT THE UNIVERSITY AND COLLEGE SYSTEM, THE FOUNDATION WILL ESTABLISH A COMPASSIONATE LEADERSHIP ENDOWED SCHOLARSHIPS WITH UNIVERSITIES AND COLLEGES WHO COMMIT TO CREATING A SUSTAINABLE LEADERSHIP PROGRAM AROUND THE BOOK. RECOGNIZING THAT A MORE COMPASSIONATE AND KINDER WORLD IS NOT LIMITED TO THE UNITED STATES, THE HEALTH EVILLAGES PROGRAM WILL HELP TO PROVIDE EDUCATION ASSISTANCE AND HEALTH CARE ACCESS ON A GLOBAL BASIS.
SCHOLARSHIPS - FINANCIAL GRANTS AND MENTORSHIP FOR GRADUATING HIGH SCHOOL SENIORS WHO HAVE FACED SPECIAL CHALLENGES. STUDENTS ARE CHOSEN BASED ON THEIR ACADEMIC SUCCESS, AS WELL AS THE EFFORT AND DETERMINATION THEY HAVE SHOWN FACING THESE CHALLENGES. SCHOLARSHIP, INVOLVEMENT IN SCHOOL AND COMMUNITY ACTIVITIES, PERSONAL CHARACTER, LEADERSHIP QUALITIES AND DEMONSTRATED FINANCIAL NEED ARE CONSIDERED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donato J Tramuto Advisory Board | 10 | $0 | |
Jeffrey Porter Advisory Board | 10 | $0 | |
Mary Jane England Advisory Board | 1 | $0 | |
Jeffrey Clark Advisory Board | 1 | $0 | |
Anthony Pacillo Advisory Board | 1 | $0 | |
Earle Rugg Advisory Board | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $258,174 |
| Interest on Savings | $0 |
| Dividends & Interest | $21,667 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,619 |
| Capital Gain Net Income | $2,619 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $23,676 |
| Total Revenue | $306,136 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $582 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $11,302 |
| Printing and publications | $0 |
| Other expenses | $71,428 |
| Total operating and administrative expenses | $146,041 |
| Contributions, gifts, grants paid | $163,543 |
| Total expenses and disbursements | $309,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $398,135 |
| Savings and temporary cash investments | $523,854 |
| 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 | $20,425 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $942,414 |
| 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 | $1,035 |
| Total liabilities | $1,035 |
Grants Awarded
Over the last fiscal year, Donato J Tramuto Foundation has awarded $163,543 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
ABBY MACDONALD PURPOSE: SCHOLARSHIP | $2,500 |
ALYSSA WHEELER PURPOSE: COMPASSIONATE LEADERSHIP GRANT - HEALTH PROGRAM | $2,500 |
AFRICAN CHILDRENS AID EDUCATION & DEVELOPMENT FOUNDATION PURPOSE: COMPASSIONATE LEADERSHIP GRANT - HEALTH PROGRAM | $10,000 |
AQUINO FAMILY FOUNDATION PURPOSE: COMPASSIONATE LEADERSHIP GRANT - HEALTH PROGRAM | $500 |
ALZEHEIMER'S ASSOCIATION PURPOSE: COMPASSIONATE LEADERSHIP GRANT - HEALTH PROGRAM | $1,000 |
BOSTON UNIVERSITY PURPOSE: SCHOLARSHIP | $1,000 |