Pete Amato Foundation Inc
- Assets
- $189.4k
- Revenue
- $7.1k
- Investments
- $175.4k
- Employees
- 0
- Location
- East Liverpool, OH
- Founding
- 03/2001
- Data as of
- 12/2023
- EIN
- 34-1929735
Organization Overview
Pete Amato Foundation Inc is located in East Liverpool, OH. The organization was established in 2001. 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. Pete Amato 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 12/2023, Pete Amato Foundation Inc generated $7.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $6.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (23.0%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Pete Amato Foundation Inc has awarded 152 individual grants totaling $168,312. 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 |
|---|---|---|---|
Dr Jack Amato Trustee | 0.1 | $0 | |
Alfred S Fricano Trustee | 0.1 | $0 | |
Nicholas T Amato Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,056 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,026 |
| Capital Gain Net Income | $3,026 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,082 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $149 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,492 |
| Total operating and administrative expenses | $3,688 |
| Contributions, gifts, grants paid | $2,750 |
| Total expenses and disbursements | $6,438 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,995 |
| 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 | $69,236 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $189,396 |
| 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, Pete Amato Foundation Inc has awarded $2,750 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
COLUMBIANA COUNTY EDUCATIONAL SERVICE CENTER PURPOSE: FUND EDUCATION | $500 |
UNITED WAY OF SOUTHERN COLUMBIANA COUNTY PURPOSE: COMMUNITY SUPPORT | $1,000 |
WELLSVILLE AREA CHAMBER OF COMMERCE PURPOSE: CIVIC SUPPORT | $150 |
WELLSVILLE COMMUNITY FOUNDATION PURPOSE: COMMUNITY PROJECTS | $500 |
WELLSVILLE SONS OF ITALY 657 PURPOSE: SCHOLARSHIPS, MEDICAL RESEARCH | $500 |
WELLSVILLE VFD PURPOSE: FUNDS FOR FIRE EQUIPMENT | $100 |