Daniele Agostino Derossi Foundation Inc
- Assets
- $8.7m
- Revenue
- $368.5k
- Investments
- $8.5m
- Employees
- 0
- Location
- Lexington, MA
- Founding
- 11/1991
- Data as of
- 06/2023
- EIN
- 13-3636541
Organization Overview
Daniele Agostino Derossi Foundation Inc is located in Lexington, MA. The organization was established in 1991. 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. Daniele Agostino Derossi 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 06/2023, Daniele Agostino Derossi Foundation Inc generated $368.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 35.0% each year . All expenses for the organization totaled $895.9k during the year ending 06/2023. While expenses have increased by 21.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Daniele Agostino Derossi Foundation Inc has awarded 72 individual grants totaling $3,933,239. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO HOST CHILDREN WHO HAVE BEEN EXPOSED TO DOMESTIC VIOLENCE AND THEIR MOTHERS IN A COMFORTABLE SHELTER, AND PROVIDE SUPPORT FOR THEIR POST-TRAUMA REHABILITATION, INCLUDING HOUSING ACCOMMODATIONS, IN PONDERANO, ITALY.
EDUCATION AND HEALTH PROJECTS IN LATIN AMERICA.
PROJECTS IN THE UNITED STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Armando J Alfonzo Vice President | 10 | $42,000 | |
Ottavia Derossi Director | 2 | $0 | |
Daniele Carlo Derossi President | 2 | $0 | |
David J Pollack ESQ Treasurer | 4 | $5,000 | |
Sarah M Saalfield Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100 |
| Interest on Savings | $635 |
| Dividends & Interest | $193,038 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $159,882 |
| Capital Gain Net Income | $159,882 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14,883 |
| Total Revenue | $368,538 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $47,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,363 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $21,002 |
| Printing and publications | $0 |
| Other expenses | $42,349 |
| Total operating and administrative expenses | $130,840 |
| Contributions, gifts, grants paid | $765,057 |
| Total expenses and disbursements | $895,897 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $191,618 |
| 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 | $8,668,975 |
| Accounts payable and accrued expenses | $29,000 |
| 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 | $10,000 |
| Total liabilities | $39,000 |
Grants Awarded
Over the last fiscal year, Daniele Agostino Derossi Foundation Inc has awarded $765,057 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
AMIGOS DE SAN CRISTOBAL PURPOSE: REPRODUCTIVEHEALTH EDUCATIONAND SERVICES | $45,000 |
AID AND EDUCATION PROJECT INC PURPOSE: GUATEMALA / EDUCATIONOXLAJUUJ WINAB SUMMER SCHOOL | $19,825 |
CONNECTED PURPOSE: 5 EDUCATIONFELLOW PROJECTS | $19,075 |
FRIENDS OF TRANSITIONS GUATEMALA PURPOSE: FUNDING FOR WHEELCHAIRS ANDPROSTHETICS | $29,225 |
FUNDACION NUEVA ESPERANZA PURPOSE: RABINAL CLINICGUATEMALA / HEALTHMEDICAL CENTER SALARIES AND SUPPLIES | $60,110 |
MAYA EDUCATIONAL FOUNDATION PURPOSE: SUPPORT IN CREATING A PRIVATE VOCATIONALHIGH SCHOOL AND PROVIDING STUDENT HOUSINGIN THE PETEN AREA IN GUATEMALA | $124,497 |