Lois & Richard Nicotra Foundation
- Assets
- $30.6k
- Revenue
- $140.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Staten Island, NY
- Founding
- 05/2011
- Data as of
- 10/2023
- 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 10/2023, Lois & Richard Nicotra Foundation generated $140.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $113.0k during the year ending 10/2023. While expenses have increased by 6.4% 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 2015, Lois & Richard Nicotra Foundation has awarded 753 individual grants totaling $621,784. 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
2023
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 | |
Nick Nocerino Director | 3.3 | $0 | |
Kathy Stapleton Director | 3.3 | $0 | |
Corinne Arena Director | 3.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $140,341 |
| Interest on Savings | $320 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $140,661 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $793 |
| Total operating and administrative expenses | $793 |
| Contributions, gifts, grants paid | $112,179 |
| Total expenses and disbursements | $112,972 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,634 |
| Savings and temporary cash investments | $0 |
| 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 | $30,634 |
| 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, Lois & Richard Nicotra Foundation has awarded $112,179 in support to 110 organizations.
| Grant Recipient | Amount |
|---|---|
ALPHA BETA FOUNDATION PURPOSE: FOR TEACHER'S PURCHASES AND SCHOLARSHIPS FOR COLLEGE | $1,000 |
AMAZING GRACE INTERFAITH MINISTRY PURPOSE: FOR COMMUNITY RESOURCES | $1,500 |
AUSTISM SPEAKS STATEN ISLAND PURPOSE: FOR AUTISM COMMUNITY EVENT | $1,000 |
BOY SCOUTS OF AMERICA TROOP 26 PURPOSE: TO PURCHASE NEW EQUIPMENT | $500 |
BOY SCOUTS OF AMERICA POST 2122 EXPLORERS PURPOSE: FOR EDUCATIONAL PROGRAM | $500 |
COLLEGE OF STATEN ISLAND PURPOSE: FOR PROGRAM SUPPORT | $3,000 |