Alfred N Sanzari Family Foundationinc
- Assets
- $1.9m
- Revenue
- $246.0k
- Investments
- $1.8m
- Employees
- 0
- Location
- South Hackensack, NJ
- Founding
- 02/2008
- Data as of
- 12/2022
- EIN
- 20-4215473
Organization Overview
Alfred N Sanzari Family Foundationinc is located in South Hackensack, NJ. The organization was established in 2008. 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. Alfred N Sanzari Family Foundationinc 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, Alfred N Sanzari Family Foundationinc generated $246.0k 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 (5.9%) each year. All expenses for the organization totaled $219.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Alfred N Sanzari Family Foundationinc has awarded 83 individual grants totaling $1,723,999. 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 |
|---|---|---|---|
David Sanzari Trustee | 0 | $0 | |
Ben F Sanzari Trustee | 0 | $0 | |
Joni Sanzari Trustee | 0 | $0 | |
Frank Huttle III Trustee | 0 | $0 | |
Benita Raia President | 40 | $26,000 | |
Lisa Britt Vice President | 40 | $26,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $300,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $39,782 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$94,314 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $495 |
| Total Revenue | $245,963 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $78,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,996 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,674 |
| Total operating and administrative expenses | $117,849 |
| Contributions, gifts, grants paid | $101,920 |
| Total expenses and disbursements | $219,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,169 |
| Savings and temporary cash investments | $46,588 |
| 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 | $1,145,234 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,909,593 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $37,191 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $37,191 |
Grants Awarded
Over the last fiscal year, Alfred N Sanzari Family Foundationinc has awarded $101,920 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
BERGEN NEW BRIDGE MEDICAL PURPOSE: GENERAL | $5,000 |
BERGEN VOLUNTEER MEDICAL INITIATIVE PURPOSE: GENERAL | $5,000 |
BOYS & GIRLS CLUB OF PATERSON AND PASSAIC PURPOSE: GENERAL | $2,000 |
COMMON GRANT APPLICATION PURPOSE: GENERAL | $170 |
COMMUNITY HOPE INC PURPOSE: GENERAL | $2,000 |
COOLEY'S ANEMIA FOUNDATION PURPOSE: GENERAL | $1,000 |