Sansone Foundation Inc
- Assets
- $28.5m
- Revenue
- $579.0k
- Investments
- $7.5m
- Employees
- 0
- Location
- Avenel, NJ
- Founding
- 07/2015
- Data as of
- 12/2023
- EIN
- 36-4811396
Organization Overview
Sansone Foundation Inc is located in Avenel, NJ. The organization was established in 2015. 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. Sansone 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, Sansone Foundation Inc generated $579.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $344.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Sansone Foundation Inc has awarded 44 individual grants totaling $2,404,500. 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 |
|---|---|---|---|
Paul J Sansone Sr Trustee | 1 | $0 | |
Jeffrey Sansone Trustee | 1 | $0 | |
David Salsido Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $197,942 |
| Interest on Savings | $0 |
| Dividends & Interest | $181,124 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $199,909 |
| Capital Gain Net Income | $199,909 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $578,975 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,184 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $24,861 |
| Contributions, gifts, grants paid | $320,000 |
| Total expenses and disbursements | $344,861 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,319 |
| Savings and temporary cash investments | $338,147 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $20,735,432 |
| 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 | $28,547,797 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $1,292 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,292 |
Grants Awarded
Over the last fiscal year, Sansone Foundation Inc has awarded $722,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
AVENEL FIRE DEPARTMENT COMPANY 1 PURPOSE: GENERAL SUPPORT | $1,000 |
ST JUDE CHILDREN'S RESEARCH HOSPITAL PURPOSE: GENERAL SUPPORT | $100,000 |
LUNCH BREAK OF RED BANK PURPOSE: GENERAL SUPPORT | $19,000 |
THE WOMEN AWARE OF MIDDLESEX COUNTY PURPOSE: GENERAL SUPPORT | $20,000 |
WOODBRIDGE FOOD BANK PURPOSE: GENERAL SUPPORT | $50,000 |
TUNNEL 2 TOWERS FOUNDATION PURPOSE: GENERAL SUPPORT | $532,000 |