Thomas A And Georgina T Russofoundation
- Assets
- $15.0m
- Revenue
- $1.5m
- Investments
- $12.9m
- Employees
- 0
- Location
- Lancaster, PA
- Founding
- 01/2007
- Data as of
- 12/2022
- EIN
- 20-3980555
Organization Overview
Thomas A And Georgina T Russofoundation is located in Lancaster, PA. The organization was established in 2007. 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. Thomas A And Georgina T Russofoundation 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, Thomas A And Georgina T Russofoundation generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $947.4k during the year ending 12/2022. While expenses have increased by 2.4% 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 2014, Thomas A And Georgina T Russofoundation has awarded 171 individual grants totaling $8,313,906. 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 |
|---|---|---|---|
Thomas A Russo Trustee | 2 | $0 | |
Georgina T Russo Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,113,555 |
| Interest on Savings | $8,515 |
| Dividends & Interest | $309,909 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $51,958 |
| Capital Gain Net Income | $51,958 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$10,069 |
| Total Revenue | $1,473,868 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $2,160 |
| Taxes | $26,858 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $91,109 |
| Contributions, gifts, grants paid | $856,253 |
| Total expenses and disbursements | $947,362 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,643 |
| Savings and temporary cash investments | $2,032,009 |
| 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 | $3,424,564 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $15,018,448 |
| 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, Thomas A And Georgina T Russofoundation has awarded $856,253 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ACHILLES NYC PURPOSE: CHARITABLE DISTRIBUTION | $15,000 |
FRANKLIN AND MARSHALL COLLEGE PURPOSE: CHARITABLE DISTRIBUTION | $98,011 |
LANCASTER CLEFT PALATE CLINIC PURPOSE: CHARITABLE DISTRIBUTION | $23,922 |
KEYSTONE HUMAN SERVICES - SUSQUEHANNA SERVICE DOGS PURPOSE: CHARITABLE DISTRIBUTION | $25,000 |
LANCASTER COUNTRY DAY SCHOOL PURPOSE: CHARITABLE DISTRIBUTION | $527,614 |
LANCASTER SCIENCE FACTORY PURPOSE: CHARITABLE DISTRIBUTION | $50,466 |