Matthew C Sellitto Foundation Inc
- Assets
- $75.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New Vernon, NJ
- Founding
- 09/2003
- Data as of
- 04/2022
- EIN
- 03-0436958
Organization Overview
Matthew C Sellitto Foundation Inc is located in New Vernon, NJ. The organization was established in 2003. 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. Matthew C Sellitto 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 04/2022, Matthew C Sellitto Foundation Inc generated $35.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $46.2k during the year ending 04/2022. 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 Mission:
Part 3 - Line 1
FINANCIAL AID FOR EDUCATION AND OTHER CAUSES THAT WERE IMPORTANT TO MATTHEW C. SELLITTO
Describe the Organization's Program Activity:
Part 3
AWARD TO THE GARGIULO EDUCATION FOUNDATION IN NAPLES, FLORIDA.
DIRECT STUDENT FINANCIAL AID TO 1 DESERVING STUDENT AT SETON HALL PREP
AWARD TO ENDOWED SCHOLARSHIPS AT WESLEY COLLEGE AND PROVIDENCE COLLEGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew T Sellitto Treasurer | 5 | $0 | |
Loreen D Sellitto President | 5 | $0 | |
James Rhatican Vice President | 5 | $0 | |
William Haemmerle Vice President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,422 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $23 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $27,145 |
| Other Revenue | $0 |
| Total Revenue | $35,590 |
| 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 | $1,325 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $88 |
| Other expenses | $2,098 |
| Total expenses | $46,244 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $75,278 |
| Other assets | $0 |
| Total assets | $75,278 |
| Total liabilities | $0 |
| Net assets or fund balances | $75,278 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Matthew C Sellitto Foundation Inc has recieved totaling $11,685.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $5,185 |
Bay State Federal Savings Charitable Foundation Sagamore Beach, MA PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
Sandy Hill Foundation Morristown, NJ PURPOSE: GENERAL FUND | $1,000 |
Healey Family Foundation Morristown, NJ PURPOSE: GENERAL SUPPORT | $500 |
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 |