Sg Schimenti Foundation Inc
- Assets
- $40.8m
- Revenue
- $1.8m
- Investments
- $31.7m
- Employees
- 0
- Location
- Naples, FL
- Founding
- 10/2012
- Data as of
- 12/2023
- EIN
- 45-4076946
Organization Overview
Sg Schimenti Foundation Inc is located in Naples, FL. The organization was established in 2012. 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. Sg Schimenti 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, Sg Schimenti Foundation Inc generated $1.8m in total revenue. All expenses for the organization totaled $1.1m during the year ending 12/2023. While expenses have increased by 83.5% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Sg Schimenti Foundation Inc has awarded 17 individual grants totaling $1,400,264. 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 |
|---|---|---|---|
Glenn Angiolillo Director, President, Secretary | 12.5 | $0 | |
Gian Angiolillo Director | 2 | $0 | |
Charles Murphy Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $675,418 |
| Interest on Savings | $703,340 |
| Dividends & Interest | $372,032 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,115 |
| Capital Gain Net Income | $20,115 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $120 |
| Total Revenue | $1,771,025 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,061 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,721 |
| Total operating and administrative expenses | $63,395 |
| Contributions, gifts, grants paid | $1,006,264 |
| Total expenses and disbursements | $1,069,659 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,147,623 |
| 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 | $19,161,962 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $40,803,482 |
| 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, Sg Schimenti Foundation Inc has awarded $1,006,264 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ABILIS INC PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
BOYS AND GIRLS CLUB OF GREENWICH PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
CHURCH OF OUR LADY OF THE ROSARY PURPOSE: FOOD PANTRY | $801,264 |
FAIRFIELD COLLEGE PREPARATORY SCHOOL PURPOSE: GENERAL OPERATING SUPPORT | $75,000 |
SALESIAN HIGH SCHOOL PURPOSE: GENERAL OPERATING SUPPORT | $40,000 |
WATERSIDE SCHOOL INC PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |