Thomas & Mary Ann Tizzo Foundation
- Assets
- $4.1m
- Revenue
- $342.4k
- Investments
- $4.0m
- Employees
- 0
- Location
- East Brunswick, NJ
- Founding
- 03/2012
- Data as of
- 12/2022
- EIN
- 20-8076647
Organization Overview
Thomas & Mary Ann Tizzo Foundation is located in East Brunswick, NJ. The organization was established in 2012. According to its NTEE Classification (T21) the organization is classified as: Corporate 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 & Mary Ann Tizzo Foundation 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 & Mary Ann Tizzo Foundation generated $342.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $266.4k during the year ending 12/2022. While expenses have increased by 4.1% 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, Thomas & Mary Ann Tizzo Foundation has awarded 84 individual grants totaling $1,405,460. 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 |
|---|---|---|---|
Mary Ann Tizzio Trustee | 1 | $0 | |
Thomas Tizzio Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,250 |
| Interest on Savings | $140 |
| Dividends & Interest | $89,166 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $243,578 |
| Capital Gain Net Income | $243,578 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,251 |
| Total Revenue | $342,385 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,013 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,852 |
| Total operating and administrative expenses | $58,908 |
| Contributions, gifts, grants paid | $207,500 |
| Total expenses and disbursements | $266,408 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $75,370 |
| 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 | $350,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,121,525 |
| 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 & Mary Ann Tizzo Foundation has awarded $207,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ST JOSEPH'S UNIVERSITY PURPOSE: RISK MANAGEMENT PROGRAM-DIVERSITY AND INCLUSION EFFORTS | $15,000 |
VISITING NURSE ASSOCIATION OF CENTRAL JERSEY PURPOSE: GENERAL SUPPORT | $40,000 |
MONMOUTH MEDICAL CENTER PURPOSE: GENERAL SUPPORT | $90,000 |
THE LEUKEMIA & LYMPHOMA SOCIETY PURPOSE: GENERAL SUPPORT | $10,000 |
GOALS ATHLETIC LEAGUE INC PURPOSE: GENERAL SUPPORT | $1,000 |
POSTGRADUATE CENTER FOR MENTAL HEALTH PURPOSE: GENERAL SUPPORT | $25,000 |