Louis E Silvi Foundation
- Assets
- $2.8m
- Revenue
- $172.3k
- Investments
- $2.8m
- Employees
- 0
- Location
- State College, PA
- Founding
- 12/2000
- Data as of
- 12/2022
- EIN
- 25-1865517
Organization Overview
Louis E Silvi Foundation is located in State College, PA. The organization was established in 2000. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Louis E Silvi 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 12/2022, Louis E Silvi Foundation generated $172.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $198.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Louis E Silvi Foundation has awarded 32 individual grants totaling $886,040. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
AID CHARITIES AND ORGANIZATIONS WHICH PROMOTE THE DEVELOPMENT AND EDUCATION OF CHILDREN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David G Dix Director | 0 | $0 | |
Thomas J Taricani Director | 2 | $0 | |
John Conroy Director | 0 | $0 | |
James J Raytek Director | 0 | $0 | |
Spyro Degleris Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $65,941 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $106,353 |
| Capital Gain Net Income | $106,353 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $172,296 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,532 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $796 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $31,628 |
| Contributions, gifts, grants paid | $167,282 |
| Total expenses and disbursements | $198,910 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,049 |
| Savings and temporary cash investments | $16,159 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,846,998 |
| 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, Louis E Silvi Foundation has awarded $167,282 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ST JOSEPH'S CATHOLIC ACADEMY PURPOSE: UNRESTRICTED GIFT FOR THEIR NEEDS TO EDUCATE CHILDREN | $20,000 |
CENTRE VOLUNTEERS IN MEDICINE PURPOSE: TO HELP WITH A BUILDING THAT PROVIDES MEDICAL SERVICES TO UNINSURED CHILDREN | $50,000 |
ALS FOUNDATION PURPOSE: UNRESTRICTED GIFT TO ASSIST ORGANIZATION WITH THEIR CHARITABLE PURPOSE | $1,000 |
MOUNT NITTANY HEALTH FOUNDATION PURPOSE: UNRESTRICTED GIFT TO ASSIST WITH THEIR CHARITABLE PURPOSE | $1,282 |
OUR LADY OF VICTORY CHURCH PURPOSE: TO FOSTER DEVELOPMENT AND EDUCATION OF CHILDREN | $20,000 |
YMCA OF CENTRE COUNTY PURPOSE: TO FOSTER GROWTH AND DEVELOPMENT OF CHILDREN AND CONSTRUCTION OF PLAYGROUND EXPANSION | $50,000 |