Donato J Tramuto Foundation
- Assets
- $1.1m
- Revenue
- $792.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Ogunquit, ME
- Founding
- 06/2005
- Data as of
- 12/2021
- 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 12/2021, Donato J Tramuto Foundation generated $792.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.6% each year . All expenses for the organization totaled $775.4k during the year ending 12/2021. While expenses have increased by 24.9% per year over the past 7 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 262 individual grants totaling $3,828,103. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMPASSIONATE LEADERSHIP - THE TRAMUTOPORTER 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 TRAMUTOPORTER FOUNDATION WILL ESTABLISH A COMPASSIONATE LEADERSHIP ENDOWED SCHOLARSHIPS WITH UNIVERSITIES AND COLLEGES WHO COMMIT TO CREATING A SUSTAINABLE LEADERSHIP PROGRAM AROUND THE BOOK. LASTLY, GRANTS WILL BE AWARDED TO ORGANIZATIONS WHO ARE ADDRESSING IN A COMPASSIONATE MANNER THE SOCIAL DETE
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.
THE STATE OF MAINE HAS THE HIGHEST RATE OF FOOD INSECURITY (NEARLY 25%) IN THE COUNTRY. COVID-19 HAS HAD A DISPROPORTIONATE IMPACT ON THE VULNERABLE POPULATION ACROSS THE UNITED STATES AND ESPECIALLY IN THE STATE OF MAINE. THE COVID 19 RELIEF FUND HAS BEEN ESTABLISHED TO HELP FAMILIES AFTER THEY HAVE EXHAUSTED ALL OTHER FUNDS TO PURCHASE FOOD THAT WOULD BE DIFFICULT FOR THEM TO BUY DUE TO LACK OF FUNDS. APPLICANTS MUST APPLY TO THE DIRECTOR OF THE TRAMUTOPORTER GRANT PROGRAM AND SUCH FUNDS WILL BE APPROVED ONCE THE NEED HAS BEEN VALIDATED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donato J Tramuto Advisory Board | 1 | $0 | |
Jeffrey Clark Advisory Board | 1 | $0 | |
Mary Jane England Advisory Board | 1 | $0 | |
Anthony Pacillo Advisory Board | 1 | $0 | |
Jeffrey Porter Advisory Board | 1 | $0 | |
Mary Kelleher Advisory Board | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $777,026 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,945 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,052 |
| Capital Gain Net Income | $42,469 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $792,023 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $30,916 |
| Printing and publications | $0 |
| Other expenses | $358,652 |
| Total operating and administrative expenses | $406,943 |
| Contributions, gifts, grants paid | $368,466 |
| Total expenses and disbursements | $775,409 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $140,178 |
| Savings and temporary cash investments | $972,251 |
| 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 | $35,114 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,147,543 |
| 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 | $8,966 |
| Total liabilities | $8,966 |
Grants Awarded
Over the last fiscal year, Donato J Tramuto Foundation has awarded $368,466 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
RFK USA - HUMAN RIGHTS PURPOSE: GENERAL PURPOSE CONTRIBUTION | $42,500 |
RFK CHILDREN ACTION CORP PURPOSE: GENERAL PURPOSE CONTRIBUTION | $42,500 |
BOSTON UNIVERSITY SCHOOL OF PUBLIC HEALTH PURPOSE: GENERAL PURPOSE CONTRIBUTION | $35,000 |
ST JOSEPH'S COLLEGE PURPOSE: GENERAL PURPOSE CONTRIBUTION | $35,000 |
LWALA COMMUNITY HEALTH ALLIANCE PURPOSE: GENERAL PURPOSE CONTRIBUTION | $32,614 |
THOMAS JEFFESON COLLEGE PURPOSE: GENERAL PURPOSE CONTRIBUTION | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Donato J Tramuto Foundation has recieved totaling $5,102.
| Awarding Organization | Amount |
|---|---|
Robert F Kennedy Center For Justice And Human Rights Washington, DC PURPOSE: GRANT ASSISTANCE | $5,102 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
N H Higher Education Loan Corporation Concord, NH | $928,313,847 | $60,034,018 |
Alfond Scholarship Foundation Portland, ME | $2,013,971 | $7,474,819 |
Island Institute Rockland, ME | $34,942,404 | $7,827,911 |
Senator George J Mitchell Scholarship Research Institute Portland, ME | $52,911,391 | $4,164,591 |
Dartmouth Educational Loan Corp Hanover, NH | $0 | $769,004 |
Maine Huts & Trails Kingfield, ME | $4,908,401 | $661,493 |
Donato J Tramuto Foundation Ogunquit, ME | $1,147,543 | $792,023 |
Lakes Region Scholarship Foundation Gilford, NH | $13,202,377 | $2,617,531 |
Harambe Endeavor Alliance Concord, NH | $2,789,573 | $314,506 |
Robert B Bunker Medical School Scholarship Trust Laconia, NH | $10,035,402 | $504,867 |
The Sukeforth Family Foundation South China, ME | $12,098,841 | $1,239,260 |
Service Credit Union Impact Foundation Portsmouth, NH | $153,778 | $370,899 |