Lois & Richard Nicotra Foundation
- Assets
- $0.0
- Revenue
- $13.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Staten Island, NY
- Founding
- 05/2011
- Data as of
- 10/2020
- EIN
- 27-1578342
Organization Overview
Lois & Richard Nicotra Foundation is located in Staten Island, NY. The organization was established in 2011. 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. Lois & Richard Nicotra 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 10/2020, Lois & Richard Nicotra Foundation generated $13.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (23.8%) each year. All expenses for the organization totaled $7.7k during the year ending 10/2020. As we would expect to see with falling revenues, expenses have declined by (30.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lois & Richard Nicotra Foundation has awarded 614 individual grants totaling $465,081. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allyson Ward Director | 3.3 | $0 | |
Richard Nicotra Director | 3.3 | $0 | |
Lois Nicotra Director | 3.3 | $0 | |
Rev Sam Argenziano Director | 3.3 | $0 | |
Nick Nocerino Director | 3.3 | $0 | |
Corinne Arena Director | 3.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $13,626 |
| Interest on Savings | $84 |
| Dividends & Interest | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $13,710 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $977 |
| Contributions, gifts, grants paid | $6,756 |
| Total expenses and disbursements | $7,733 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,929 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Lois & Richard Nicotra Foundation has awarded $6,756 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
OUR LADY OF PITY - ST ANTHONY OF PADUA CHURCH PURPOSE: FOR REPAIRS | $2,000 |
PS 78 PURPOSE: FOR EDUCATIONAL PROGRAMS | $1,000 |
Albany, NY PURPOSE: FOR EDUCATIONAL PROGRAMS | $1,000 |
PROJECT HOSPITALITY INC PURPOSE: TO SUPPORT MOBILE FOOD PANTRY | $850 |
RICHMOND VALLEY CIVIC ASSOCIATION PURPOSE: FOR PROGRAM SUPPORT | $500 |
FRIENDS OF OLMSTED-BIEL HOUSE PARK PURPOSE: FOR PROGRAM SUPPORT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vermont Student Development Fund Inc Winooski, VT | $17,468,961 | $10,359,436 |
Institute For Citizens And Scholars Princeton, NJ | $17,317,706 | $10,248,308 |
The Teagle Foundation Incorporated New York, NY | $172,379,349 | $12,655,674 |
Jackie Robinson Foundation Inc New York, NY | $30,161,175 | $8,662,334 |
The Cape Cod Community College Educational Foundation Inc West Barnstable, MA | $15,428,827 | $3,042,413 |
Cape Cod Foundation Inc South Yarmouth, MA | $88,834,376 | $21,531,654 |
Gilder Lehrman Institute Of American History New York, NY | $67,600,972 | $8,993,543 |
Siemens Foundation Iselin, NJ | $75,710,306 | $10,400,455 |
Uaspire Inc Boston, MA | $8,161,176 | $8,929,537 |
Target Als Foundation Inc New York, NY | $26,527,264 | $6,977,665 |
Pursuit Transformation Company Inc Long Island City, NY | $13,294,970 | $6,856,404 |
Firemens Association Of The State New York Foundation Inc Albany, NY | $161,398,482 | $10,617,589 |