Rudolph J Torello Foundation Inc

Organization Overview

Rudolph J Torello Foundation Inc is located in Oakhurst, NJ. The organization was established in 2001. 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. Rudolph J Torello 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 12/2022, Rudolph J Torello Foundation Inc generated $170.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $209.3k during the year ending 12/2022. While expenses have increased by 8.1% 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 2017, Rudolph J Torello Foundation Inc has awarded 70 individual grants totaling $725,245. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2022

Describe the Organization's Program Activity:

Part 3 - Line 4a

NONE


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Board, Officers & Key Employees

Name (title)Compensation
Claudio Innocenti
President
$0
Douglas M Duritza
Secretary
$0
Frank J Collette
Treasurer
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $0
Dividends & Interest $70,781
Net Rental Income$0
Net Gain on Sale of Assets $99,757
Capital Gain Net Income $99,757
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $170,538

Grants Awarded

Over the last fiscal year, Rudolph J Torello Foundation Inc has awarded $176,675 in support to 12 organizations.

Grant RecipientAmount

BOSTON ANTHENAEUM

PURPOSE: GENERAL

$2,000

EASTERN MONMOUTH AREA CHAMBER OF COMMERCE EDUCATIONAL FOUNDATION

PURPOSE: GENERAL

$7,000

CHENOA MANOR

PURPOSE: GENERAL

$2,000

DWIGHT-ENGLEWOOD SCHOOL

PURPOSE: GENERAL

$85,000

JAJJAS KIDS INC

PURPOSE: GENERAL

$10,000

MONMOUTH COUNTY CHILD ADVOCACY CENTER

PURPOSE: GENERAL

$10,000
View Grant Profile

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