Posillico Group Foundation Inc
- Assets
- $24.2k
- Revenue
- $392.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Farmingdale, NY
- Founding
- 02/2006
- Data as of
- 12/2022
- EIN
- 20-2143917
Organization Overview
Posillico Group Foundation Inc is located in Farmingdale, NY. The organization was established in 2006. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Posillico Group 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 12/2022, Posillico Group Foundation Inc generated $392.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.2% each year . All expenses for the organization totaled $369.7k during the year ending 12/2022. While expenses have increased by 8.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Posillico Group Foundation Inc has awarded 717 individual grants totaling $2,052,312. 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 |
|---|---|---|---|
Joseph K Posillico President | 1 | $0 | |
Michael J Posillico Vice President | 1 | $0 | |
Joseph D Posillico III Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $390,660 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $1,964 |
| Other Income | $0 |
| Total Revenue | $392,624 |
| 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 | $1,172 |
| Total operating and administrative expenses | $1,172 |
| Contributions, gifts, grants paid | $368,556 |
| Total expenses and disbursements | $369,728 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,206 |
| 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 | $24,206 |
| 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, Posillico Group Foundation Inc has awarded $368,556 in support to 87 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HEART ASSOCIATION PURPOSE: ORGANIZATION | $564 |
AMERICAN CANCER SOCIETY PURPOSE: ORGANIZATION | $5,615 |
BROOKLYN CHILDREN'S MUSEUM PURPOSE: ORGANIZATION | $500 |
CITIZENS CAMPAIGN FOR THE ENVIRONMENT PURPOSE: ORGANIZATION | $500 |
CLEMSON UNIVERSITY FONDATION PURPOSE: ORGANIZATION | $5,000 |
CONTRACTORS FOR KIDS PURPOSE: ORGANIZATION | $3,550 |