Salvitti Family Foundation
- Assets
- $4.9m
- Revenue
- $478.6k
- Investments
- $4.9m
- Employees
- 0
- Location
- Washington, PA
- Founding
- 01/1995
- Data as of
- 12/2023
- EIN
- 25-1755617
Organization Overview
Salvitti Family Foundation is located in Washington, PA. The organization was established in 1995. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Salvitti Family Foundation 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, Salvitti Family Foundation generated $478.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (13.5%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (18.1%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Salvitti Family Foundation has awarded 347 individual grants totaling $8,681,050. 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 |
|---|---|---|---|
Diane C Gardner Secretary | 1 | $0 | |
E Ronald Salvitti II Vice President | 1 | $0 | |
E Ronald Salvitti MD President | 1 | $0 | |
John M Salvitti Trustee | 1 | $0 | |
Kara Salvitti Conomikes Trustee | 1 | $0 | |
Jennifer Salvitti Davis Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $308,482 |
| Interest on Savings | $0 |
| Dividends & Interest | $167,776 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,954 |
| Capital Gain Net Income | $1,954 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $403 |
| Total Revenue | $478,615 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,733 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4 |
| Total operating and administrative expenses | $60,399 |
| Contributions, gifts, grants paid | $954,500 |
| Total expenses and disbursements | $1,014,899 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $30,837 |
| 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 | $379,658 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,894,716 |
| 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, Salvitti Family Foundation has awarded $954,500 in support to 59 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN SOCIETY OF CATARACT PURPOSE: GENERAL SUPPORT | $2,500 |
WASHINGTON CHRISTIAN OUTREACH PURPOSE: GENERAL SUPPORT | $2,500 |
SOUTH STRABANE FIRE DEPARTMENT PURPOSE: GENERAL SUPPORT | $5,000 |
ST BENEDICT THE ABBOT CHURCH PURPOSE: GENERAL SUPPORT | $10,000 |
EYE AND EAR FOUNDATION PURPOSE: GENERAL SUPPORT | $505,000 |
BRONSON HOUSE-THE NEIGHBORHOOD PURPOSE: GENERAL SUPPORT | $5,000 |