Lostritto Family Foundation
- Assets
- $16.3k
- Revenue
- $200.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Bethpage, NY
- Founding
- 05/2011
- Data as of
- 06/2022
- EIN
- 27-1615342
Organization Overview
Lostritto Family Foundation is located in Bethpage, NY. The organization was established in 2011. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Lostritto 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 06/2022, Lostritto Family Foundation generated $200.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $201.8k during the year ending 06/2022. While expenses have increased by 6.8% per year over the past 7 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, Lostritto Family Foundation has awarded 360 individual grants totaling $1,472,716. 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
FOUNDATION GAVE CONTRIBUTIONS TO DIFFERENT CHARITABLE ORGANIZATIONS. THESE CONTRIBUTIONS WERE UNRESTRICTED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glenn Lostritto Director | 5 | $0 | |
Joseph Lostritto Director | 5 | $0 | |
Ashley Lostritto Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $200,000 |
| Interest on Savings | $113 |
| 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 | $200,113 |
| 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 | $1,018 |
| Total operating and administrative expenses | $2,268 |
| Contributions, gifts, grants paid | $199,550 |
| Total expenses and disbursements | $201,818 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,250 |
| 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 | $16,250 |
| 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, Lostritto Family Foundation has awarded $199,550 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
ALLEGHENY HEALTH NETWORK PURPOSE: TO SUPPORT THE NETWORK OF HOSPITALS AND COMMUNITIES CONNECTED TO AHN. | $40,000 |
Fresh Meadows, NY PURPOSE: TO PROVIDE TUITION ASSISTANCE FOR DESERVING STUDENTS FACING FINANCIAL HARDSHIP. | $26,000 |
NORTHWELL HEALTH FOUNDATION PURPOSE: TO ADVANCE THE HEALTH CARE GOALS OF THE COMMUNITY. | $20,000 |
Locust Valley, NY PURPOSE: TO SUPPORT THE STUDENTS THAT ATTEND FRIENDS ACADEMY. | $15,000 |
ST PAUL THE APOSTLE PURPOSE: TO SUPPORT LOCAL CHURCH. | $13,000 |
CIBS PURPOSE: TO SUPPORT VARIOUS LONG ISLAND NON-PROFIT ORGANIZATIONS. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |