George And Mary Agostini Family Foundation Inc
- Assets
- $2.4m
- Revenue
- $2.1m
- Investments
- $415.6k
- Employees
- 0
- Location
- Rumford, RI
- Founding
- 05/2011
- Data as of
- 12/2021
- EIN
- 27-4385276
Organization Overview
George And Mary Agostini Family Foundation Inc is located in Rumford, RI. The organization was established in 2011. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. George And Mary Agostini Family Foundation Inc 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 12/2021, George And Mary Agostini Family Foundation Inc generated $2.1m in total revenue. All expenses for the organization totaled $94.8k during the year ending 12/2021. While expenses have increased by 1.0% per year over the past 6 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 2017, George And Mary Agostini Family Foundation Inc has awarded 103 individual grants totaling $830,421. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George L Agostini President-Director | 0 | $0 | |
Paula J Bizier Director | 0 | $0 | |
Mary J Agostini Vice President-Director | 0 | $0 | |
Steven J Agostini Secretary-Treasurer-Direct | 0 | $0 | |
David G Agostini Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,072,424 |
| Interest on Savings | $1 |
| Dividends & Interest | $14,913 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,144 |
| Capital Gain Net Income | $21,144 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,108,482 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $138 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,364 |
| Total operating and administrative expenses | $5,502 |
| Contributions, gifts, grants paid | $89,343 |
| Total expenses and disbursements | $94,845 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,027,383 |
| 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 | $315,078 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,443,008 |
| 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, George And Mary Agostini Family Foundation Inc has awarded $89,343 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC CHARITY APPEAL PURPOSE: TO SUPPORT THE WORK OF THE CHURCH THROUGHOUT THE DIOCESE OF FALL RIVER. | $20,000 |
MARYKNOLL FATHERS PURPOSE: TO SUPPORT THE MISSIONARIES OF THE ORGANIZATION STATIONED IN THE WORLD'S POOREST COUNTRIES. | $16,150 |
MEDICAL MISSIONARIES OF MARY PURPOSE: TO SUPPORT THE MISSIONARIES OF THE ORGANIZATION WORKING WITH THOSE IN NEED THROUGHOUT THE WORLD. | $8,800 |
COLUMBIAN FATHERS PURPOSE: TO PROVIDE FINANCIAL SUPPORTS AND ASSISTANCE WITH DAY TO DAY EXPENSES. | $8,400 |
MISSIONARIES OF CHARITY PURPOSE: TO SUPPORT THE MISSIONARIES OF THE ORGANIZATION WORKING WITH THOSE IN DIRE NEED. | $6,600 |
SISTERS OF MERCY PURPOSE: TO SUPPORT ACTIVE SISTERS OF MERCY CARRYING OUT THEIR SPIRITUAL AND CORPORAL WORKS OF MERCY. | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hunt Street Fund Inc Needham, MA | $102,244,956 | $9,516,120 |
James L Vincent Foundation Boston, MA | $11,098,257 | $1,513,039 |
The Grossman Family Foundation Cos Cob, CT | $140,113,231 | $7,972,359 |
Rose Foundation Boston, MA | $41,865 | $2,354,068 |
Irene E And George A Davis Foundation Springfield, MA | $74,799,666 | $13,067,801 |
Mccall Foundation Inc Torrington, CT | $4,589,378 | $6,967,747 |
Chorus Inc Boston, MA | $2,341,319 | $7,400,301 |
New North Citizens Council Springfield, MA | $3,852,208 | $8,039,203 |
Leslie B Barrett Foundation Stamford, CT | $0 | $391,427 |
Shaich Family Foundation Brookline, MA | $82,077,495 | $6,635,871 |
Cardinal Brook Trust Boston, MA | $0 | $3,583,411 |
Azcat Foundation Greenwich, CT | $63,379,859 | $15,943,989 |