The Joseph F Umosella Family Foundation
- Assets
- $6.6m
- Revenue
- $393.9k
- Investments
- $6.5m
- Employees
- 0
- Location
- Hammonton, NJ
- Founding
- 11/2006
- Data as of
- 12/2021
- EIN
- 20-2041985
The information for The Joseph F Umosella Family Foundation is as of the organization's most recent filing in December '21. This organization is located in Hammonton, NJ. It has been in existence for 15 years, following its founding in 2006.
Organization Classification
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Joseph F Umosella Family Foundation is a Private Grantmaking Foundation classified under Philanthropy, Voluntarism & Grantmaking Foundations with an NTEE code of T20. As a nongovernmental, nonprofit organization, it manages funds and programs through its own trustees or directors to support social, educational, religious, and other charitable activities that serve the common welfare primarily through grantmaking. Additionally, the foundation is governed by Section Code 3, which encompasses organizations engaged in Religious, Educational, Charitable, Scientific, Literary, Testing for Public Safety, to Foster National or International Amateur Sports Competition, or Prevention of Cruelty to Children or Animals work.
Grant History
Our dataset includes six years of grant history for The Joseph F Umosella Family Foundation. Over the course of those six years, they have awarded a total of 34 grants, with an average check size of $52,850. The foundation awards grants in a variety of sectors, including Education (3), Medical Research (1), and Public & Societal Benefit (1). The majority of their grants have been awarded in Pennsylvania (17) and New Jersey (15), with smaller numbers in Virginia (1) and Georgia (1).
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph F Umosella III Treasurer | 0 | $0 | |
Jeffrey Umosella President | 0 | $0 | |
John Umosella Secretary | 0 | $0 | |
Shiela Presti Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $168,659 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $225,196 |
| Capital Gain Net Income | $225,196 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $393,855 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,590 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $69,526 |
| Contributions, gifts, grants paid | $331,000 |
| Total expenses and disbursements | $400,526 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1 |
| Savings and temporary cash investments | $108,028 |
| 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 | $6,472,881 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $628 |
| Total assets | $6,581,536 |
| 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 F Umosella Family Foundation has awarded $331,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
HABITAT FOR HUMANITY PURPOSE: TO PROVE ASSITANCE IN BUILDING COMMUNITIES | $150,000 |
PENN MEDICINE DEVELOPMENT & ALUMNI RELATIONS PURPOSE: TO PROVIDE FINANCIAL AND SOCIAL ASSISTANCE | $100,000 |
Hammonton, NJ PURPOSE: PROVIDE FINANCIAL ASSISTANCE FOR STUDENTS TO ATTEND ST. JOESEPH ACADEMY | $20,000 |
VALLEY FORGE MILITARY ACADEMY & COLLEGE PURPOSE: PROVIDE FINANCIAL ASSISTANCE FOR STUDENTS ATTENDING MILITARY ACADEMY | $20,000 |
CYSTIC FIBROSIS FOUNDATION PURPOSE: TO ADVANCE SCIENTIFIC RESEARCH, ENHANCE RENOWNED EDUCATION PROGRAMS AND HELP SUSTAIN SOCIAL WELL-BEING | $20,000 |
COMMUNITY FOOD BANK OF NEW JERSEY PURPOSE: TO PROVIDE ASSISTANCE TO VETERANS AND THEIR FAMILIES | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |
Bristol-Myers Squibb Foundation Inc New York, NY | $146,629,708 | $46,784 |