The Petrillo Family Foundation Trust
- Assets
- $162.6k
- Revenue
- $215.1k
- Investments
- $142.9k
- Employees
- 0
- Location
- Mamaroneck, NY
- Founding
- 11/2001
- Data as of
- 12/2022
- EIN
- 13-7305106
Organization Overview
The Petrillo Family Foundation Trust is located in Mamaroneck, NY. The organization was established in 2001. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Petrillo Family Foundation Trust 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, Petrillo Family Foundation Trust generated $215.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $436.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Petrillo Family Foundation Trust has awarded 31 individual grants totaling $1,652,337. 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 |
|---|---|---|---|
Carol Petrillo Trustee | 0.2 | $0 | |
Elizabeth Petrillo Trustee | 0.1 | $0 | |
Felix J Petrillo Trustee | 0.1 | $0 | |
Felix M Petrillo Trustee | 0.1 | $0 | |
Laura C Petrillo Trustee | 0.1 | $0 | |
Michael V Petrillo Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $122,651 |
| Interest on Savings | $99 |
| Dividends & Interest | $4,142 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $88,172 |
| Capital Gain Net Income | $88,172 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $215,064 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,352 |
| Total operating and administrative expenses | $5,352 |
| Contributions, gifts, grants paid | $430,769 |
| Total expenses and disbursements | $436,121 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $19,711 |
| 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 | $162,587 |
| 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, The Petrillo Family Foundation Trust has awarded $430,769 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST ESTATE FUNDING CORP YOUTH FOUNDATION PURPOSE: TO PROMOTE THE WELFARE OF CHILDREN | $59,777 |
IONA PREPATORY SCHOOL PURPOSE: TO PROMOTE EDUCATION AND WELFARE OF CHILDREN | $360,992 |
WAGGING TAIL RESCUE INC PURPOSE: TO HELP DOGS FIND A NEW HOME | $10,000 |