Enrico Fermi Educational Fund Of Yonkers Inc
- Assets
- $348.8k
- Revenue
- $68.5k
- Investments
- $277.1k
- Employees
- 0
- Location
- Tuckahoe, NY
- Founding
- 05/1964
- Data as of
- 06/2022
- EIN
- 13-6159001
Organization Overview
Enrico Fermi Educational Fund Of Yonkers Inc is located in Tuckahoe, NY. The organization was established in 1964. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Enrico Fermi Educational Fund Of Yonkers 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 06/2022, Enrico Fermi Educational Fund Of Yonkers Inc generated $68.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $62.3k during the year ending 06/2022. While expenses have increased by 7.2% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PAYS OUT SCHOLARSHIPS TO STUDENTS WITH EXCEPTIONAL MARKS IN EDUCATION MUSIC AND ARTS WITH 18-2500 SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Giovanna Deangelis Secretary | 10 | $0 | |
Sean Zimmer Treasurer | 10 | $0 | |
Ronald Salvatore Vice President | 10 | $0 | |
Maria Elena Liotta President | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $30,000 |
| Interest on Savings | $44 |
| Dividends & Interest | $15,010 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,150 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $19,266 |
| Total Revenue | $68,470 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $233 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,071 |
| Total operating and administrative expenses | $17,304 |
| Contributions, gifts, grants paid | $45,000 |
| Total expenses and disbursements | $62,304 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,432 |
| Savings and temporary cash investments | $26,324 |
| 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 | $2,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $348,830 |
| 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 | $75,000 |
| Total liabilities | $75,000 |
Grants Awarded
Over the last fiscal year, Enrico Fermi Educational Fund Of Yonkers Inc has awarded $30,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
4 SCHOLARSHIPS 2500 PURPOSE: SCHOLARSHIP | $10,000 |
2 SCHOLARSHIPS 5000 PURPOSE: SCHOLARSHIP | $10,000 |
1 SCHOLARSHIPS 10000 PURPOSE: SCHOLARSHIP | $10,000 |
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|---|---|---|
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Queens College Foundation Inc Flushing, NY | $103,882,868 | $13,972,395 |
Threefold Educational Foundation & School Chestnut Ridge, NY | $15,163,557 | $9,817,859 |
New Jersey Institute Of Technology Foundation Newark, NJ | $177,817,526 | $21,630,945 |
Global Community Charter School New York, NY | $4,753,919 | $12,397,044 |
Doctors Center Management Corporation Oceanport, NJ | $41,567 | $8,892,194 |
English-Bonter-Mitchell Foundation Pittsburgh, PA | $150,419,755 | $42,613,149 |
Mit International Inc Cambridge, MA | $42,886,000 | $6,428,000 |
Friends Of Team Academy Charter School A New Jersey Non-Profit Org Newark, NJ | $241,241,974 | $11,734,420 |
Montclair State University Foundation Inc Montclair, NJ | $109,561,235 | $13,284,004 |