Frank L Ciminelli Family Foundation Inc
- Assets
- $1.8m
- Revenue
- $136.3k
- Investments
- $1.7m
- Employees
- 0
- Location
- Buffalo, NY
- Founding
- 10/1998
- Data as of
- 05/2024
- EIN
- 16-1552205
Organization Overview
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
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Board, Officers & Key Employees
| 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 |
Financial Statements
| 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 |
Grants Awarded
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 |