R & R Family Foundation Inc
- Assets
- $2.1m
- Revenue
- $318.1k
- Investments
- $1.9m
- Employees
- 0
- Location
- Ledgewood, NJ
- Founding
- 10/2008
- Data as of
- 05/2022
- EIN
- 32-0217970
Organization Overview
R & R Family Foundation Inc is located in Ledgewood, NJ. The organization was established in 2008. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. R & R 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 05/2022, R & R Family Foundation Inc generated $318.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.8%) each year. All expenses for the organization totaled $323.5k during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (16.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, R & R Family Foundation Inc has awarded 62 individual grants totaling $4,731,709. 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 |
|---|---|---|---|
Dominick J Romano Co-President/trustee | 0.5 | $0 | |
Kathryn P Romano Secretary/trustee | 0.5 | $0 | |
David P Romano Co-President/trustee | 0.5 | $0 | |
Joe Cavaleri Treasurer/trustee | 0.5 | $0 | |
Nina A Romano Vice President/trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,986 |
| Interest on Savings | $0 |
| Dividends & Interest | $51,253 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $165,871 |
| Capital Gain Net Income | $191,493 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $318,110 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,681 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,323 |
| Total operating and administrative expenses | $15,004 |
| Contributions, gifts, grants paid | $308,500 |
| Total expenses and disbursements | $323,504 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $134,005 |
| 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 | $162,782 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,061,872 |
| 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, R & R Family Foundation Inc has awarded $308,500 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
THE GROWING STAGE PURPOSE: SUPPORTING THEATER FOR CHILDREN IN NJ | $130,000 |
SCARC PURPOSE: SUPPORT OF INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES | $77,000 |
NEWTON MEMORIAL HOSPITAL PURPOSE: MEDICAL AND RESEARCH ASSISTANCE | $27,000 |
POPE JOHN HIGH SCHOOL PURPOSE: SUPPORT OF EDUCATION | $25,000 |
ST VINCENT CATHOLIC CHURCH PURPOSE: RELIGIOUS SUPPORT | $20,000 |
PROJECT SELF SUFFICIENCY PURPOSE: ASSISTANCE TO SINGLE PARENTS, TEEN PARENTS AND PARENTS IN NEED | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fund For Public Schools Inc New York, NY | $69,123,846 | $27,701,638 |
Ernst & Young Foundation New York, NY | $39,971,970 | $27,635,064 |
Kipp New York Inc New York, NY | $134,718,837 | $36,118,873 |
Say Yes Buffalo Scholarship Inc Buffalo, NY | $26,879,466 | $14,014,941 |
The Heckscher Foundation For Children New York, NY | $236,760,119 | $11,760,357 |
United Federation Of Teachers Educational Foundation Inc New York, NY | $18,651,586 | $11,866,585 |
Vista Foundation Hershey, PA | $12,658,681 | $12,905,128 |
Caroline & Joseph S Gruss Life Monument Funds Inc New York, NY | $48,124,527 | $2,679,769 |
Storehouse For Teachers Pittsburgh, PA | $4,365,823 | $11,202,988 |
Suny Impact Foundation Inc New York, NY | $1,805,430 | $8,847,404 |
Poughkeepsie Public School Teachers Asso Trust Fund Poughkeepsie, NY | $14,239,734 | $11,580,276 |
Elevate 215 Philadelphia, PA | $9,991,857 | $10,518,985 |