Samuel A Donio Foundation For Education Inc
- Assets
- $398.1k
- Revenue
- $25.1k
- Investments
- $385.3k
- Employees
- 0
- Location
- Hammonton, NJ
- Founding
- 06/2000
- Data as of
- 06/2024
- EIN
- 22-3662926
Organization Overview
Samuel A Donio Foundation For Education Inc is located in Hammonton, NJ. The organization was established in 2000. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Samuel A Donio Foundation For Education 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 06/2024, Samuel A Donio Foundation For Education Inc generated $25.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $55.9k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Samuel A Donio Foundation For Education Inc has awarded 71 individual grants totaling $225,500. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE CHARITABLE PURPOSE OF THE FOUNDATION IS FOR THE IMPROVEMENT OF THE COMMUNITY BY PROVIDING SUPPORT FOR EDUCATION AND EDUCATIONAL METHODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION WAS ORGANIZED IN JULY 1999. AS OF THE END OF THE FISCAL YEAR, IT HAS IDENTIFIED PROJECTS RELATED TO ITS PERPETUAL EXEMPT PURPOSE AND HAS AWARDED SCHOLARSHIPS TO VARIOUS STUDENTS DURING THE CURRENT FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicholas Continisio President | 2 | $0 | |
Joseph Continisio Vice President | 2 | $0 | |
Diane Donio Emeritus | 2 | $0 | |
Loretta Rehmann Trustee | 2 | $0 | |
Warren Benedetto Trustee | 1 | $0 | |
William S Donio Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $21,193 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,635 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$5,701 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $25,127 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $153 |
| Total operating and administrative expenses | $5,896 |
| Contributions, gifts, grants paid | $50,000 |
| Total expenses and disbursements | $55,896 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,728 |
| 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 | $385,349 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $398,077 |
| 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, Samuel A Donio Foundation For Education Inc has awarded $50,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
ANGELINA G CATANIA PURPOSE: SCHOLARSHIP AWARD | $5,000 |
ABIGAIL L GOBLIRSCH PURPOSE: SCHOLARSHIP AWARD | $5,000 |
LUKE S GRISCOM PURPOSE: SCHOLARSHIP AWARD | $5,000 |
GRACE J HACKETT PURPOSE: SCHOLARSHIP AWARD | $2,000 |
ANGELINA D CORTELLESSA PURPOSE: SCHOLARSHIP AWARD | $2,000 |
LAWRENCE S BAYLOCK IV PURPOSE: SCHOLARSHIP AWARD | $2,000 |