A & C Dimarzo Family Foundation
- Assets
- $1.2m
- Revenue
- $51.2k
- Investments
- $1.1m
- Employees
- 0
- Location
- Amherst, NY
- Founding
- 03/1987
- Data as of
- 06/2023
- EIN
- 22-2781180
Organization Overview
A & C Dimarzo Family Foundation is located in Amherst, NY. The organization was established in 1987. 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. A & C Dimarzo Family 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 06/2023, A & C Dimarzo Family Foundation generated $51.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 50.9% each year . All expenses for the organization totaled $11.6k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mt Trust Company Trustee | 1 | $5,731 | |
Anthony Dimarzo Prinicipal | 1 | $0 | |
Carol Dimarzo Prinicipal | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $26,405 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $24,771 |
| Capital Gain Net Income | $24,771 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $51,176 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,731 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $605 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $295 |
| Total operating and administrative expenses | $6,631 |
| Contributions, gifts, grants paid | $5,000 |
| Total expenses and disbursements | $11,631 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $66,995 |
| 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 | $1,130,372 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,197,367 |
| 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, A & C Dimarzo Family Foundation has awarded $27,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
INTERVOL PURPOSE: SUPPORT | $10,000 |
ROCHESTER GENERAL HOSPITAL PURPOSE: SUPPORT | $10,000 |
NAZARETH COLLEGE PURPOSE: SUPPORT | $7,500 |