The Joseph And Winifred Amaturo Education Foundation Inc
- Assets
- $8.9m
- Revenue
- $325.0k
- Investments
- $4.6m
- Employees
- 0
- Location
- Ft Lauderdale, FL
- Founding
- 02/2007
- Data as of
- 02/2023
- EIN
- 20-1379562
Organization Overview
The Joseph And Winifred Amaturo Education Foundation Inc is located in Ft Lauderdale, FL. The organization was established in 2007. According to its NTEE Classification (B92) the organization is classified as: Remedial Reading & Encouragement, 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. Joseph And Winifred Amaturo Education 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 02/2023, Joseph And Winifred Amaturo Education Foundation Inc generated $325.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (27.3%) each year. All expenses for the organization totaled $188.3k during the year ending 02/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IMPLEMENTS AND SUPPORTS ACCELERATED READER TO SEVENTEEN CATHOLIC SCHOOLS IN SOUTH FLORIDA. THESE SCHOOLS RECEIVE FUNDS TO BENEFIT THE STUDENTS THROUGH RENAISSANCE LERNING READING, DIAGNOSTIC PROGRAMS AND PROVIDES PROFESSIONAL DEVELOPMENT TO THE TEACHERS USING THE PROGRAM.RENAISSANCE LEARNING FOR SOFTWARE SUBSCRIPTIONS.
JUNIOR ACHIEVEMENT FOR STUDENTS IN GRADE 5 AND 8 ON FINANCIAL LITERACY (1,300 STUDENTS). ONSITE VISITS AND FINANCE CURRICULUM.
ETC EDUCATION & TECHNOLOGY CONSULTANTS DO DELIVER WORKSHOPS AND MONITOR SCHOOL USAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Amaturo Director | 0 | $0 | |
Winifred J Amaturo President/director | 0 | $0 | |
Lawrence Amaturo Director | 0 | $0 | |
Amy M Preston Secretary/director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $185,000 |
| Interest on Savings | $29,035 |
| Dividends & Interest | $696 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $110,252 |
| Capital Gain Net Income | $110,252 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $324,983 |
| 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 | $143,896 |
| Total operating and administrative expenses | $153,276 |
| Contributions, gifts, grants paid | $35,000 |
| Total expenses and disbursements | $188,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,334,877 |
| 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 | $8,892,758 |
| 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 Joseph And Winifred Amaturo Education Foundation Inc has awarded $45,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
JUNIOR ACHIEVEMENT OF SOUTH FLORIDA PURPOSE: PLEDGE | $35,000 |
SAINT FRANCIS DE SALES PARISH SCHOOL PURPOSE: AR & STAR PROGRAMS | $10,000 |