Cento Amici Inc

Organization Overview

Cento Amici Inc is located in Lebanon, NJ. The organization was established in 2002. 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. Cento Amici 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, Cento Amici Inc generated $246.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $168.3k during the year ending 12/2023. While expenses have increased by 3.3% 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 2020, Cento Amici Inc has awarded 29 individual grants totaling $486,000. 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 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

RAISING FUNDS FOR COLLEGE SCHOLARSHIPS FOR NEEDY AND DESERVING CHILDREN.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIP GRANTS TO SCHOOLS/COLLEGES IN THE STATE OF NEW JERSEY.


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Board, Officers & Key Employees

Name (title)Compensation
Robert T Zito
Chair
$0
Jerry Galgano
President
$0
Ashley Maloof
Vice-Preside
$0
Paul Gabbianelli
Treasurer
$0
Antonio Froio
Secretary
$0
Brian Robinson
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$10,900
Fundraising events$49,171
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$102,504
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$162,575
Total Program Service Revenue$0
Investment income $12,121
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $19,488
Net Income from Fundraising Events $52,561
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $246,745

Grants Awarded

Over the last fiscal year, Cento Amici Inc has awarded $155,500 in support to 10 organizations.

Grant RecipientAmount

ST PETER'S PREP SCHOOL

PURPOSE: SCHOLARSHIP

$23,500

MONTCLAIR STATE UNIVERSITY

PURPOSE: SCHOLARSHIP

$17,500

RUTGERS UNIVERSITY

PURPOSE: SCHOLARSHIP

$22,500

ROSELLE CATHOLIC HIGH SCHOOL

PURPOSE: SCHOLARSHIP

$18,500

UNION COUNTY COLLEGE

PURPOSE: SCHOLARSHIP

$15,000

RARITAN VALLEY COMMUNITY COLLEGE

PURPOSE: SCHOLARSHIP

$7,500
View Grant Profile

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