Rosso Family Foundation
- Assets
- $1.4m
- Revenue
- $32.5k
- Investments
- $1.4m
- Employees
- 0
- Location
- Troy, MI
- Founding
- 07/1987
- Data as of
- 12/2022
- EIN
- 38-6510662
Organization Overview
Rosso Family Foundation is located in Troy, MI. The organization was established in 1987. 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. Rosso Family 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 12/2022, Rosso Family Foundation generated $32.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $72.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Rosso Family Foundation has awarded 76 individual grants totaling $308,975. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John H Rosso II Trustee | 5 | $0 | |
Sarah Rosso Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $111 |
| Dividends & Interest | $47,415 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$14,995 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $32,531 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $672 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $672 |
| Contributions, gifts, grants paid | $72,000 |
| Total expenses and disbursements | $72,672 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $22,823 |
| 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 | $828 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,248,882 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,415,300 |
| 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 | $1,124 |
| Total liabilities | $1,124 |
Grants Awarded
Over the last fiscal year, Rosso Family Foundation has awarded $72,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BIRMINGHAM COMMUNITY HOUS PURPOSE: OUTREACH EDUCATION | $30,000 |
BIRMINGHAM HIST MUSEUM PURPOSE: DISPLAY OF HISTORICAL ITEM | $7,150 |
COLORADO OUTDOOR EDUCATION CENTER PURPOSE: SCHOLARSHIPS FOR DISADVANTAGED YOUTH | $15,000 |
FRIENDS OF FLATHEAD AVALANCHE CENTE PURPOSE: SAFETY EDUCATION | $1,000 |
OREGON NATURAL DESERT ASSOCIATION PURPOSE: NATURE PRESERVATION | $1,100 |
NATIONAL PKU ALLIANCE PURPOSE: IMPROVE LIVES OF INDIVIDUALS W/ PKU | $5,000 |