D Addario Foundation Inc
- Assets
- $718.7k
- Revenue
- $852.1k
- Investments
- $458.1k
- Employees
- 0
- Location
- Farmingdale, NY
- Founding
- 10/1983
- Data as of
- 12/2023
- EIN
- 11-2637844
Organization Overview
D Addario Foundation Inc is located in Farmingdale, NY. The organization was established in 1983. 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. D Addario 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 12/2023, D Addario Foundation Inc generated $852.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $913.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, D Addario Foundation Inc has awarded 1,921 individual grants totaling $4,605,107. 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 |
|---|---|---|---|
John D'addario Jr Director | 5 | $0 | |
Suzanne D'addario Brouder Executive Director | 32 | $132,524 | |
Jonathan Turitz Officer | 2 | $0 | |
Josh Lohrius Officer | 3 | $0 | |
Margaret Martin Officer | 2 | $0 | |
Tom Cilmi Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $839,670 |
| Interest on Savings | $123 |
| Dividends & Interest | $12,317 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14 |
| Capital Gain Net Income | $14 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $852,124 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $132,524 |
| Other employee salaries and wages | $58,646 |
| Pension plans, employee benefits | $61,459 |
| Interest | $0 |
| Taxes | $13,909 |
| Depreciation | $1,868 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,205 |
| Printing and publications | $0 |
| Other expenses | $54,498 |
| Total operating and administrative expenses | $429,928 |
| Contributions, gifts, grants paid | $483,459 |
| Total expenses and disbursements | $913,387 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,508 |
| Savings and temporary cash investments | $24,461 |
| 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 | $5,991 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,555 |
| Other assets | $174,138 |
| Total assets | $718,735 |
| Accounts payable and accrued expenses | $50,132 |
| Grants payable | $7,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $210,000 |
| Total liabilities | $267,132 |
Grants Awarded
Over the last fiscal year, D Addario Foundation Inc has awarded $483,459 in support to 206 organizations.
| Grant Recipient | Amount |
|---|---|
DYNAMO STUDIOS PURPOSE: TO SUPPORT GROWTH AND APPRECIATION OF MUSIC | $2,220 |
EAST LAKE EXPRESSION ENGINE PURPOSE: TO SUPPORT GROWTH AND APPRECIATION OF MUSIC | $3,220 |
18 DEGREES PURPOSE: TO SUPPORT GROWTH AND APPRECIATION OF MUSIC | $2,500 |
ADVENTUROUS MIND PRODUCE EXTRAORDINARY DREAMS (AMPED) PURPOSE: TO SUPPORT GROWTH AND APPRECIATION OF MUSIC | $2,000 |
52ND ESTATE MUSICALE FRENTANA - 11TH LANCIANO INTERNATIONAL GUITAR SEMINAR PURPOSE: TO SUPPORT GROWTH AND APPRECIATION OF MUSIC | $2,720 |
ALLEGHANY JAM PURPOSE: TO SUPPORT GROWTH AND APPRECIATION OF MUSIC | $1,720 |