Lostritto Family Foundation
- Assets
- $84.6k
- Revenue
- $251.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Bethpage, NY
- Founding
- 05/2011
- Data as of
- 06/2023
- 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 06/2023, Lostritto Family Foundation generated $251.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $182.7k during the year ending 06/2023. While expenses have increased by 4.6% 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, Lostritto Family Foundation has awarded 443 individual grants totaling $1,881,116. 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
FOUNDATION GIVES CONTRIBUTIONS TO DIFFERENT CHARITABLE ORGANIZATIONS. THESE CONTRIBUTIONS WERE UNRESTRICTED.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Lostritto Director | 5 | $0 | |
Glenn Lostritto Director | 5 | $0 | |
Ashley Lostritto Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $250,000 |
| Interest on Savings | $1,026 |
| 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 | $251,026 |
| 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 | $1,710 |
| Total operating and administrative expenses | $2,960 |
| Contributions, gifts, grants paid | $179,750 |
| Total expenses and disbursements | $182,710 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,564 |
| 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 | $84,564 |
| 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 $179,750 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ASSOCIATION PURPOSE: PROVIDES EDUCATION AND SUPPORT TO INDIVIDUALS LIVING WITH ALZHEIMER'S. | $5,000 |
AMERICAN HEART ASSOCIATION PURPOSE: TO SUPPORT RESEARCH AND EDUCATION ON CARDIOVASCULAR DISEASE. | $2,500 |
CATHOLIC FOUNDATION FOR BROOKLYN & QUEENS PURPOSE: TO SUPPORT FINANCIALLY THE SPIRITUAL, EDUCATIONAL AND SOCIAL NEEDS OF THE CATHOLIC COMMUNITY. | $2,000 |
ERIC FELTMAN MEMORIAL FOUNDATION PURPOSE: TO SUPPORT PANCREATIC CANCER RESEARCH. | $2,000 |
CITY HARVEST INC PURPOSE: TO SUPPORT THE HUNGRY ACROSS NEW YORK CITY. | $2,500 |
FRANCISCAN BREAD FOR THE POOR PURPOSE: TO SUPPORT THE NEEDY AND HUNGRY. | $2,000 |