Lewis J And Clelia M Serventi Family Foundation
- Assets
- $12.9m
- Revenue
- $449.5k
- Investments
- $12.9m
- Employees
- 0
- Location
- Perry, NY
- Founding
- 03/1998
- Data as of
- 12/2023
- EIN
- 31-1585491
Organization Overview
Lewis J And Clelia M Serventi Family Foundation is located in Perry, NY. The organization was established in 1998. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Lewis J And Clelia M Serventi 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 12/2023, Lewis J And Clelia M Serventi Family Foundation generated $449.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $652.9k during the year ending 12/2023. While expenses have increased by 22.5% 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 2016, Lewis J And Clelia M Serventi Family Foundation has awarded 189 individual grants totaling $2,697,550. 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 |
|---|---|---|---|
Mary Michele Rechberger President | 0.1 | $0 | |
Edward H Rechberger IV V.p./ Treasurer | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $25,667 |
| Dividends & Interest | $137,060 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $286,736 |
| Capital Gain Net Income | $286,736 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $449,463 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,456 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $74,742 |
| Total operating and administrative expenses | $81,898 |
| Contributions, gifts, grants paid | $571,000 |
| Total expenses and disbursements | $652,898 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $64,593 |
| 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 | $356,088 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,915,967 |
| 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, Lewis J And Clelia M Serventi Family Foundation has awarded $571,000 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
HOVER GREEN HOUSE-LONGMONT COMM FND PURPOSE: GENERAL FUNDS DONATION | $20,000 |
ARTS COUNCIL OF WYCO PURPOSE: GENERAL FUNDS DONATION | $5,000 |
DELEWARE GREENWAYS TRAIL PURPOSE: GENERAL FUNDS DONATION | $500 |
EQUICENTER INC PURPOSE: GENERAL FUNDS DONATION | $4,000 |
DARE TO CARE FOOD BANK PURPOSE: GENERAL FUNDS DONATION | $5,000 |
FREEDOM SERVICE DOGS OF AMERICA PURPOSE: GENERAL FUNDS DONATION | $10,000 |