Angelo Donghia Foundation Inc
- Assets
- $16.5m
- Revenue
- $612.3k
- Investments
- $14.5m
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/2001
- Data as of
- 12/2022
- EIN
- 13-3523056
Organization Overview
Angelo Donghia Foundation Inc is located in New York, NY. The organization was established in 2001. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Angelo Donghia 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, Angelo Donghia Foundation Inc generated $612.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (15.7%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Angelo Donghia Foundation Inc has awarded 49 individual grants totaling $2,717,021. 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
DUE TO THE COVID-19 PANDEMIC, THE FOUNDATION WAS UNABLE TO CONDUCT ITS SENIOR INTERIOR DESIGN STUDENT SCHOLARSHIP COMPETITION PROGRAM. IN LIEU OF THE COMPETITION PROGRAM, THE FOUNDATION INVITED OVER FIFTY NATIONALLY ACCREDITED SCHOOLS, COLLEGES AND UNIVERSITIES OF INTERIOR DESIGN LOCATED THROUGHOUT THE UNITED STATES ("ID SCHOOLS") TO SUBMIT GRANT REQUESTS FOR PROGRAMS THAT SEEK TO ADVANCE INTERIOR DESIGN EDUCATION OR OTHERWISE MEET THE FOUNDATION'S STATED PURPOSES. THE FOUNDATION FUNDED GRANT REQUEST PROPOSALS MADE BY ELEVEN OF THE ID SCHOOLS, AMOUNTING TO $514,365 AWARDED (IN LIEU OF THE COMPETITION PROGRAM).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven G Sonet ESQ President & Trustee | 5 | $60,000 | |
James T Nerangis ESQ Secretary & Trustee | 5 | $50,000 | |
Alan M Siegel Treasurer & Trustee | 3 | $40,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $362 |
| Dividends & Interest | $554,216 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $57,496 |
| Capital Gain Net Income | $57,496 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $192 |
| Total Revenue | $612,266 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $150,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $34,571 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,387 |
| Total operating and administrative expenses | $395,181 |
| Contributions, gifts, grants paid | $999,365 |
| Total expenses and disbursements | $1,394,546 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,878 |
| Savings and temporary cash investments | $2,004,969 |
| 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 | $5,923,346 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $16,477,307 |
| 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, Angelo Donghia Foundation Inc has awarded $999,365 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
ALPHA WORKSHOPS PURPOSE: GRANT TO SUPPORT ADVANCED DESIGN TRAINING PROGRAMS FOR HIV POSITIVE INDIVIDUALS | $75,000 |
CALIFORNIA COLLEGE OF THE ARTS PURPOSE: GRANT TO SUPPORT INTERIOR DESIGN MATERIALITY & SPACE CURRICULUM | $25,000 |
DIFFA - DESIGN INDUSTRIES FOUNDATION FIGHTING AIDS PURPOSE: GRANT TO SUPPORT DBD STUDENT DESIGN INITIATIVE | $50,000 |
MARYVILLE UNIVERSITY PURPOSE: GRANT TO SUPPORT THE INTERIOR DESIGN DESIGN AMBASSADORS PROGRAM | $25,000 |
NEW YORK-WEILL CORNELL MEDICAL CENTER PURPOSE: UNRESTRICTED GIFT TO LABORATORY FOR AIDS RESEARCH | $160,000 |
OTIS COLLEGE OF ART & DESIGN PURPOSE: GRANT TO SUPPORT DONGHIA IN RESIDENCE LECTURE, COURSE AND STUDENT COMPETITION | $50,000 |