Russell J Salvatore Foundation
- Assets
- $2.9m
- Revenue
- $672.8k
- Investments
- $690.6k
- Employees
- 0
- Location
- Williamsville, NY
- Founding
- 08/2012
- Data as of
- 01/2024
- 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 01/2024, Russell J Salvatore Foundation generated $672.8k 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 (5.3%) each year. All expenses for the organization totaled $1.3m during the year ending 01/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Russell J Salvatore Foundation has awarded 116 individual grants totaling $9,376,021. 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/trustee | 1 | $0 | |
Mark Jerge Trustee/treasurer | 1 | $0 | |
James Gallo Trustee | 0 | $0 | |
Neil Weinberg Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $549,157 |
| Interest on Savings | $123,685 |
| 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 | $672,842 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $897 |
| Depreciation | $48,571 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,690 |
| Total operating and administrative expenses | $68,158 |
| Contributions, gifts, grants paid | $1,198,429 |
| Total expenses and disbursements | $1,266,587 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $525,027 |
| 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 | $74,393 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $408,193 |
| Investments—mortgage loans | $0 |
| Investments—other | $690,552 |
| Net Land, buildings, and equipment | $1,200,000 |
| Other assets | $0 |
| Total assets | $2,898,166 |
| 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 $1,198,429 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
DEPEW-LANCASTER BOYS & GIRLS CLUB PURPOSE: YOUTH PROGRAM CONSTRUCTION PROJECT | $60,000 |
BROTHERS OF MERCY PURPOSE: MEDICAL SUPPORT | $100,000 |
KALEIDA HEALTH FOUNDATION PURPOSE: MEDICAL SUPPORT | $200,000 |
LANCASTER DEPEW BASEBALL PURPOSE: YOUTH BASEBALL | $30,000 |
ROSWELL PARK ALLIANCE FOUNDATION PURPOSE: CANCER RESEARCH | $10,000 |
11 DAY POWER PLAY PURPOSE: MEDICAL | $3,300 |