D Addario Foundation Inc
- Assets
- $958.1k
- Revenue
- $1.0m
- Investments
- $649.8k
- Employees
- 0
- Location
- Farmingdale, NY
- Founding
- 10/1983
- Data as of
- 12/2021
- 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 12/2021, D Addario Foundation Inc generated $1.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $724.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, D Addario Foundation Inc has awarded 1,538 individual grants totaling $3,662,323. 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 |
|---|---|---|---|
Suzanne D'addario Brouder Executive Director | 32 | $120,492 | |
John D'addario Jr Director | 5 | $0 | |
Jonathan Turitz Officer | 2 | $0 | |
Josh Lohrius Officer | 3 | $0 | |
Margaret Martin Officer | 2 | $0 | |
Sherry Perley Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,002,536 |
| Interest on Savings | $1 |
| Dividends & Interest | $12,047 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,813 |
| Capital Gain Net Income | $16,813 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,031,397 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $120,492 |
| Other employee salaries and wages | $50,272 |
| Pension plans, employee benefits | $52,231 |
| Interest | $0 |
| Taxes | $12,257 |
| Depreciation | $1,073 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $282 |
| Printing and publications | $0 |
| Other expenses | $50,199 |
| Total operating and administrative expenses | $342,137 |
| Contributions, gifts, grants paid | $382,631 |
| Total expenses and disbursements | $724,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,178 |
| Savings and temporary cash investments | $23,645 |
| 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 | $28,363 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $5,605 |
| Other assets | $161,551 |
| Total assets | $958,143 |
| Accounts payable and accrued expenses | $21,906 |
| Grants payable | $21,787 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $160,000 |
| Total liabilities | $203,693 |
Grants Awarded
Over the last fiscal year, D Addario Foundation Inc has awarded $382,631 in support to 143 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED SOUND INC PURPOSE: TO SUPPORT GROWTH AND APPRECIATION OF MUSIC | $10,000 |
MERIT SCHOOL OF MUSIC- SCHOLARSHIP PURPOSE: THE SCHOLARSHIP WILL ENCOURAGE GROWTH IN PARTICIPATION OF THE MUSIC EDUCATION PROGRAMS | $7,000 |
NEW CITY KIDS- SCHOLARSHIP PURPOSE: THE SCHOLARSHIP WILL ENCOURAGE GROWTH IN PARTICIPATION OF THE MUSIC EDUCATION PROGRAMS | $7,000 |
LEAD GUITAR- SCHOLARSHIP PURPOSE: THE SCHOLARSHIP WILL ENCOURAGE GROWTH IN PARTICIPATION OF THE MUSIC EDUCATION PROGRAMS | $7,000 |
ORCHKIDS- SCHOLARSHIP PURPOSE: THE SCHOLARSHIP WILL ENCOURAGE GROWTH IN PARTICIPATION OF THE MUSIC EDUCATION PROGRAMS | $7,000 |
AUSTIN CLASSICAL GUITAR- SCHOLARSHIP PURPOSE: THE SCHOLARSHIP WILL ENCOURAGE GROWTH IN PARTICIPATION OF THE MUSIC EDUCATION PROGRAMS | $7,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that D Addario Foundation Inc has recieved totaling $119,000.
| Awarding Organization | Amount |
|---|---|
Rita & Herbert Z Gold Charitable Tr Dunedin, FL PURPOSE: SCHOLARSHIP FUND | $100,000 |
Act Foundation Inc Atlanta, GA PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Matricaria Fam Foundation Scottsdale, AZ PURPOSE: MUSIC EDUCATION | $5,000 |
The Central National-Gottesman Foundation Purchase, NY PURPOSE: GENERAL PURPOSE | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
S & G Foundation albany, NY | $1,180,089,159 | $294,936,683 |
Steven & Alexandra Cohen Foundation Inc Stamford, CT | $524,605,658 | $98,007,018 |
Starr Foundation New York, NY | $1,351,331,495 | $187,314,215 |
Robertson Foundation New York, NY | $308,129,047 | $104,540,927 |
William Randolph Hearst Foundation New York, NY | $0 | $92,096,829 |
Foundation For A Just Society New York, NY | $0 | $262,120,919 |
Surdna Foundation Inc New York, NY | $0 | $71,392,126 |
Johnson & Johnson Foundation United States Inc New Brunswick, NJ | $130,108,063 | $92,858,448 |
Carson Fam Charitable Tr New York, NY | $302,357,968 | $144,716,166 |
Blavatnik Family Foundation 2020 New York, NY | $0 | $14,146 |
Henry Luce Foundation Inc New York, NY | $1,226,277,880 | $84,818,070 |
Paul E Singer Foundation New York, NY | $412,018,579 | $19,273,091 |