Russo Family Foundation Inc
- Assets
- $299.8k
- Revenue
- $16.7k
- Investments
- $206.4k
- Employees
- 0
- Location
- Fairfield, CT
- Founding
- 11/1999
- Data as of
- 12/2022
- EIN
- 06-1552407
Organization Overview
Russo Family Foundation Inc is located in Fairfield, CT. The organization was established in 1999. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Russo Family 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, Russo Family Foundation Inc generated $16.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $26.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Russo Family Foundation Inc has awarded 175 individual grants totaling $139,052. 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
ASSIST COLLEGES, UNIVERSITIES AND OTHER SCHOOLS BY PROVIDING EXPANDING EDUCATIONAL OPPORTUNITIES AND PROGRAMS.
SUPPORTS A COMPREHENSIVE BREAST HEALTH PROGRAM TO THE UNINSURED AND MEDICALLY UNASSISTED POPULATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert D Russo Jr MD President | 0 | $0 | |
Arlyne E Russo Vice President/secretary | 0 | $0 | |
Robert D Russo III Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,989 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,731 |
| Capital Gain Net Income | $6,731 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $16,720 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $416 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50 |
| Total operating and administrative expenses | $4,966 |
| Contributions, gifts, grants paid | $21,693 |
| Total expenses and disbursements | $26,659 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $291 |
| Savings and temporary cash investments | $93,089 |
| 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 | $206,445 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $299,825 |
| 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, Russo Family Foundation Inc has awarded $21,693 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
BURROUGHS COMMUNITY CENTER PURPOSE: VARIOUS PROGRAMS | $500 |
CAMP PINEHURST PURPOSE: VARIOUS PROGRAMS | $5,200 |
COLGATE UNIVERSITY PURPOSE: VARIOUS PROGRAMS | $200 |
CUNY GRADUATE CENTER PURPOSE: SCHOLARSHIP FUND | $500 |
CONNECTICUT FOOD BANK PURPOSE: VARIOUS PROGRAMS | $250 |
DIOCESE OF BRIDGEPORT PURPOSE: VARIOUS PROGRAMS | $150 |