Frank L Ciminelli Family Foundation Inc is located in Buffalo, NY. The organization was established in 1998. 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. Frank L Ciminelli Family 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 05/2024, Frank L Ciminelli Family Foundation Inc generated $136.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (24.2%) each year. All expenses for the organization totaled $347.5k during the year ending 05/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Frank L Ciminelli Family Foundation Inc has awarded 84 individual grants totaling $1,535,452. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Paul F Ciminelli Director | 1 | $2,000 | |
John A Ciminelli Director | 1 | $7,000 | |
William B Stark Jr Director | 1 | $2,000 | |
Susan Ciminelli Director | 1 | $3,000 | |
Mary Ciminelli Director | 1 | $5,000 | |
Gary Ciminelli Director | 1 | $4,000 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $0 |
Dividends & Interest | $91,741 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $44,528 |
Capital Gain Net Income | $44,528 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $136,269 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $23,000 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $5,408 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $17,260 |
Total operating and administrative expenses | $49,986 |
Contributions, gifts, grants paid | $297,500 |
Total expenses and disbursements | $347,486 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $32,493 |
Savings and temporary cash investments | $57,060 |
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 | $206,486 |
Net Land, buildings, and equipment | $0 |
Other assets | $0 |
Total assets | $1,802,158 |
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 |
Over the last fiscal year, Frank L Ciminelli Family Foundation Inc has awarded $297,500 in support to 11 organizations.
Grant Recipient | Amount |
---|---|
HILBERT COLLEGE PURPOSE: GENERAL PURPOSE | $10,000 |
BUILD PROMISE INC PURPOSE: GENERAL PURPOSE | $100,000 |
MOUNTAIN TOWN MUSIC PURPOSE: GENERAL PURPOSE | $3,000 |
MOUNTAIN TRAILS FOUNDATION PURPOSE: GENERAL PURPOSE | $3,000 |
PARK CITY PERFORMANCES PURPOSE: GENERAL PURPOSE | $1,000 |
SYDA FOUNDATION PURPOSE: GENERAL PURPOSE | $10,000 |