Nigro Family Foundation
- Assets
- $320.1k
- Revenue
- $88.3k
- Investments
- $26.8k
- Employees
- 0
- Location
- Kiawah Island, SC
- Founding
- 04/2001
- Data as of
- 12/2021
- EIN
- 06-1569222
Organization Overview
Nigro Family Foundation is located in Kiawah Island, SC. The organization was established in 2001. 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. Nigro Family 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, Nigro Family Foundation generated $88.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 44.4% each year . All expenses for the organization totaled $4.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Nigro Family Foundation has awarded 77 individual grants totaling $110,250. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert A Nigro Trustee | 0 | $0 | |
Sanford B Prater Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $105 |
| Dividends & Interest | $3,678 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $84,490 |
| Capital Gain Net Income | $84,490 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $88,273 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,989 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,189 |
| Contributions, gifts, grants paid | $50 |
| Total expenses and disbursements | $4,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $293,276 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $320,098 |
| 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, Nigro Family Foundation has awarded $19,600 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
North Charleston, SC PURPOSE: UNRESTRICTED | $4,300 |
North Charleston, SC PURPOSE: UNRESTRICTED | $4,300 |
MUSC FOUNDATION PURPOSE: UNRESTRICTED | $2,000 |
MEMORIAL SLOAN KETTERING CANCER CTR PURPOSE: UNRESTRICTED | $2,000 |
MUSC FOUNDATION PURPOSE: UNRESTRICTED | $2,000 |
MEMORIAL SLOAN KETTERING CANCER CTR PURPOSE: UNRESTRICTED | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goodnight Educational Foundation Cary, NC | $149,468,750 | $4,782,379 |
Foundation For A Better World Inc Marietta, GA | $167,606,554 | $6,349,362 |
Skeebo Foundation Charlotte, NC | $58,827,572 | $60,108,534 |
Darnall W Boyd Foundation Inc Columbia, SC | $0 | $6,239,520 |
Grizzard Family Foundation Inc Stone Mountain, GA | $7,597,688 | $166,630 |
Spring Foundation Inc Atlanta, GA | $104,160,284 | -$7,184,259 |
The Williams Brice Edwards Charitable Trust Sumter, SC | $57,951,375 | $6,028,487 |
The Scott Hudgens Family Foundation Inc Duluth, GA | $0 | $7,703,530 |
The Gift Of Hope Foundation Inc Roswell, GA | $66,505,995 | $8,440,568 |
Edus H & Harriet H Warren Foundation Inc Atlanta, GA | $0 | $46,804 |
William Howard Flowers Jr Thomasville, GA | $119,914,251 | $6,796,177 |
Wade L Layton Charitable Trust Savannah, GA | $6,847,787 | $1,861,389 |