Russell J Salvatore Foundation
- Assets
- $4.7m
- Revenue
- $287.5k
- Investments
- $1.6m
- Employees
- 0
- Location
- Williamsville, NY
- Founding
- 08/2012
- Data as of
- 01/2022
- EIN
- 36-7595997
Organization Overview
Russell J Salvatore Foundation is located in Williamsville, NY. The organization was established in 2012. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Russell J Salvatore 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 01/2022, Russell J Salvatore Foundation generated $287.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $1.2m during the year ending 01/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Russell J Salvatore Foundation has awarded 82 individual grants totaling $6,857,762. 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 |
|---|---|---|---|
Russell J Salvatore President | 1 | $0 | |
Mark Jerge Trustee/treasurer | 1 | $0 | |
Fred Hanania Sr Trustee | 0 | $0 | |
Sergio Fornasiero Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $287,517 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $287,517 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,332 |
| Depreciation | $44,134 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,100 |
| Total operating and administrative expenses | $63,566 |
| Contributions, gifts, grants paid | $1,174,660 |
| Total expenses and disbursements | $1,238,226 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,268,376 |
| 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 | $187,271 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $383,661 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,613,674 |
| Net Land, buildings, and equipment | $1,200,000 |
| Other assets | $0 |
| Total assets | $4,652,982 |
| 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, Russell J Salvatore Foundation has awarded $1,174,660 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
KALEIDA HEALTH FOUNDATION PURPOSE: MEDICAL SUPPORT | $200,000 |
Buffalo, NY PURPOSE: HOSPITAL CONSTRUCTION PROJECT | $200,000 |
Buffalo, NY PURPOSE: CANCER RESEARCH | $106,000 |
MERCY HOSPITAL FOUNDATION PURPOSE: MEDICAL SUPPORT | $100,000 |
BROTHERS OF MERCY PURPOSE: MEDICAL SUPPORT | $100,000 |
BUFFALO CITY MISSION PURPOSE: HOMELESS CAPITAL PROJECT | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Economic Opportunity Council Of Suffolk Inc Patchogue, NY | $6,210,341 | $18,971,000 |
Usw District 10 Local 286 Welfare Trust Fund Philadelphia, PA | $8,668,111 | $17,307,586 |
Integrated Community Alternatives Network Inc Utica, NY | $14,279,832 | $19,265,883 |
Northern Manhattan Improvement Corp New York, NY | $8,451,430 | $18,004,122 |
Veterans Inc Worcester, MA | $18,236,837 | $18,440,204 |
Pennreach Allentown, NJ | $5,187,786 | $15,924,501 |
Chautauqua Opportunities Inc Dunkirk, NY | $6,065,142 | $15,802,051 |
Commission On Economic Opportunity For The Rensselaer County Area Inc Troy, NY | $18,234,515 | $14,616,169 |
Phipps Neighborhoods Inc New York, NY | $46,342,034 | $30,198,997 |
Delaware Opportunities Inc Hamden, NY | $6,012,612 | $14,102,184 |
Liberty Lutheran Housing Development Corporation State College, PA | $52,974,358 | $15,701,429 |
Painters District Council No 4 S U B Fund Cheektowaga, NY | $33,742,384 | $15,066,465 |