The Dimenna Foundation Inc
- Assets
- $12.0m
- Revenue
- $3.2m
- Investments
- $11.9m
- Employees
- 0
- Location
- New York, NY
- Founding
- 07/2000
- Data as of
- 12/2022
- EIN
- 06-1534269
Organization Overview
The Dimenna Foundation Inc is located in New York, NY. The organization was established in 2000. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Dimenna 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 12/2022, Dimenna Foundation Inc generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 28.4% each year . All expenses for the organization totaled $3.3m during the year ending 12/2022. While expenses have increased by 28.0% per year over the past 4 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 2019, Dimenna Foundation Inc has awarded 164 individual grants totaling $13,278,500. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph A Dimenna President | 0.25 | $0 | |
Diana Dimenna Director | 0.25 | $0 | |
Kevin P Cannon Secretary | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,215,000 |
| Interest on Savings | $11 |
| Dividends & Interest | $23,132 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$21,181 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,216,962 |
| 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 | $0 |
| Printing and publications | $0 |
| Other expenses | $5,215 |
| Total operating and administrative expenses | $20,545 |
| Contributions, gifts, grants paid | $3,250,000 |
| Total expenses and disbursements | $3,270,545 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,306 |
| Savings and temporary cash investments | $69,228 |
| 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 | $11,883,074 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,395 |
| Total assets | $11,978,265 |
| 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, The Dimenna Foundation Inc has awarded $3,250,000 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: GENERAL OPERATING PURPOSE | $10,000 |
AMERICAN RED CROSS PURPOSE: GENERAL OPERATING PURPOSE | $5,000 |
ARS NOVA PURPOSE: GENERAL OPERATING PURPOSE | $50,000 |
BALLET HISPANICO PURPOSE: GENERAL OPERATING PURPOSE | $10,000 |
BARUCH COLLEGE FUND PURPOSE: GENERAL OPERATING PURPOSE | $25,000 |
CARNEGIE HALL PURPOSE: GENERAL OPERATING PURPOSE | $5,000 |