Louis J And Fannie Roncoli Foundation Inc
- Assets
- $1.9m
- Revenue
- $117.5k
- Investments
- $1.9m
- Employees
- 0
- Location
- Cranford, NJ
- Founding
- 03/1977
- Data as of
- 12/2023
- EIN
- 22-2141748
Organization Overview
Louis J And Fannie Roncoli Foundation Inc is located in Cranford, NJ. The organization was established in 1977. 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. Louis J And Fannie Roncoli 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 12/2023, Louis J And Fannie Roncoli Foundation Inc generated $117.5k 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 (3.5%) each year. All expenses for the organization totaled $148.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Louis J And Fannie Roncoli Foundation Inc has awarded 167 individual grants totaling $1,199,300. 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 P Depa Jr President | 1 | $0 | |
John E Pappas Trustee | 0 | $0 | |
Daniel G Black Secretary | 0 | $0 | |
Lizanne Ceconi Trustee | 0 | $0 | |
James M Sosinski Treasurer | 2 | $0 | |
Chris Brogan Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $50,664 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $66,878 |
| Capital Gain Net Income | $66,878 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $117,542 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,385 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,768 |
| Total operating and administrative expenses | $10,183 |
| Contributions, gifts, grants paid | $137,800 |
| Total expenses and disbursements | $147,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,968 |
| Savings and temporary cash investments | $14,434 |
| 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 | $3,146 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,886,725 |
| 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, Louis J And Fannie Roncoli Foundation Inc has awarded $137,800 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN FUN IN THE SUN FOUNDATION PURPOSE: GENERAL PROGRAM ASSISTANCE | $2,000 |
COVENANT HOUSE PURPOSE: TEEN PREGANCY PROGRAMS | $4,000 |
THE CONNECTION FOR WOMEN & FAMILIES PURPOSE: GENERAL PROGRAM ASSISTANCE | $1,000 |
CASA OF NJ PURPOSE: CHILDREN ASSITANCE PROGRAMS | $1,000 |
CATHOLIC CHARITIES OF THE ARCHDIOCESE OF NEWARK PURPOSE: ONE-TO-ONE NEEDY FAMILY SUPPORT | $60,000 |
HOLY TRINITY SCHOOL PURPOSE: TUITION ASSISTANCE | $8,500 |