St Philip The Apostle Foundation Inc
- Assets
- $37.7m
- Revenue
- $2.4m
- Investments
- $2.7m
- Employees
- 0
- Location
- Ramsey, NJ
- Founding
- 07/2001
- Data as of
- 09/2023
- EIN
- 22-3652434
Organization Overview
St Philip The Apostle Foundation Inc is located in Ramsey, NJ. The organization was established in 2001. According to its NTEE Classification (X22) the organization is classified as: Roman Catholic, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Philip The Apostle 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 09/2023, St Philip The Apostle Foundation Inc generated $2.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $1.7m during the year ending 09/2023. While expenses have increased by 3.6% 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, St Philip The Apostle Foundation Inc has awarded 99 individual grants totaling $15,307,189. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FINANCIAL ASSISTANCE TO THE SALESIAN ORGANIATIONS WITHIN THE SALESIAN SOCIETY, INC (THE PROVINCE OF ST. PHILIP THE APOSTLE OF NEW ROCHELLE, NY) AND THE TERRITORY IT SERVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES FINANCIAL ASSISTANCE TO THE VARIOUS SALESIAN ORGANIZATIONS WITHIN THE SALESIAN SOCIETY INC. (THE PROVINCE OF ST. PHILIP THE APOSTLE OF NEW ROCHELLE, NY) AND IN THE TERRITORY IT SERVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Ruhl President | OfficerTrustee | 1 | $0 |
Michael Sasso VP Advancement | OfficerTrustee | 1 | $0 |
Angelo Marino VP Board Development | OfficerTrustee | 1 | $0 |
David Moreno Recording Secretary | OfficerTrustee | 1 | $0 |
Sam Pallotta Treasurer | OfficerTrustee | 1 | $0 |
Kevin C Heppes Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,211,995 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,211,995 |
| Total Program Service Revenue | $0 |
| Investment income | $948,016 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $247,215 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,407,226 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,523,654 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,890 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $137,142 |
| Fees for services: Other | $50,000 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $7,858 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $282 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,410 |
| All other expenses | $165 |
| Total functional expenses | $1,726,401 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $526,038 |
| Savings and temporary cash investments | $1,714,858 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $72,669 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $32,635,589 |
| Investments—other securities | $2,715,669 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $37,664,823 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $37,664,823 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $37,664,823 |
Grants Awarded
Over the last fiscal year, St Philip The Apostle Foundation Inc has awarded $1,520,869 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
SALESIAN SOCIETY PURPOSE: GENERAL SUPPORT, SENIOR CARE, SCHOLARSHIPS | $1,061,628 |
SALESIANS OF DON BOSCO PURPOSE: SUPPORT OF HOUSE OF FORMATION, ARCHBISHOP SHAW HIGH SCHOOL, AND GENERAL OPERATIONS | $173,322 |
SALESIAN HIGH SCHOOL PURPOSE: SCHOLARSHIPS | $60,731 |
DON BOSCO COMMUNITY CENTER PURPOSE: YOUTH MINISTRY PROGRAMS | $69,207 |
SALESIAN COMMUNITY OF PORT CHESTER PURPOSE: TO SUPPORT ORGANIZATION | $21,310 |
MARY HELP OF CHRISTIANS TAMPA PURPOSE: SCHOLARSHIPS | $6,117 |