Florian J Lombardi Foundation Inc
- Assets
- $5.2m
- Revenue
- $253.8k
- Investments
- $5.2m
- Employees
- 0
- Location
- Toms River, NJ
- Founding
- 02/1990
- Data as of
- 12/2023
- EIN
- 22-2994473
Organization Overview
Florian J Lombardi Foundation Inc is located in Toms River, NJ. The organization was established in 1990. 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. Florian J Lombardi 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, Florian J Lombardi Foundation Inc generated $253.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (36.3%) each year. All expenses for the organization totaled $453.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Florian J Lombardi Foundation Inc has awarded 84 individual grants totaling $1,387,750. 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 |
|---|---|---|---|
Ilve E Must Trustee | 5 | $40,000 | |
Casey Walko Trustee | 5 | $40,000 | |
Mark Walko Trustee | 5 | $40,000 | |
Carley Mccobb Trustee | 5 | $40,000 | |
Michelle Coringrato Trustee | 5 | $40,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $169,539 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $84,241 |
| Capital Gain Net Income | $84,241 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $253,780 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $200,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,435 |
| Printing and publications | $0 |
| Other expenses | $30,723 |
| Total operating and administrative expenses | $236,253 |
| Contributions, gifts, grants paid | $217,500 |
| Total expenses and disbursements | $453,753 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $5,177,074 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,177,074 |
| 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, Florian J Lombardi Foundation Inc has awarded $217,500 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
MOTHERS MILK BANK NORTHEAST PURPOSE: ANNUAL FUND | $5,000 |
DEBORAH HOSPITAL FOUNDATION PURPOSE: ANNUAL FUND | $10,000 |
EMBRACE KIDS FOUNDATION PURPOSE: ANNUAL FUND | $5,000 |
FULFILL FOOD BANK PURPOSE: ANNUAL FUND | $20,000 |
HOPE SHEDS LIGHT PURPOSE: ANNUAL FUND | $10,000 |
JERSEY SHORE MEDICAL CENTER PURPOSE: ANNUAL FUND | $50,000 |