R J Salerno Foundation
- Assets
- $3.4m
- Revenue
- $426.7k
- Investments
- $2.7m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 04/2014
- Data as of
- 12/2023
- EIN
- 46-1509260
Organization Overview
R J Salerno Foundation is located in Wilmington, DE. The organization was established in 2014. 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. R J Salerno 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 12/2023, R J Salerno Foundation generated $426.7k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $207.2k during the year ending 12/2023. While expenses have increased by 6.7% per year over the past 9 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 2015, R J Salerno Foundation has awarded 69 individual grants totaling $1,015,000. 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 |
|---|---|---|---|
Robert J Salerno Dir, Pres, Sec | 1 | $0 | |
Robyn Anne Salerno Dir, Treas, VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $161,122 |
| Interest on Savings | $28,165 |
| Dividends & Interest | $82,354 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $155,078 |
| Capital Gain Net Income | $274,970 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $426,719 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,992 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,596 |
| Total operating and administrative expenses | $42,178 |
| Contributions, gifts, grants paid | $165,000 |
| Total expenses and disbursements | $207,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $754,841 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,407,209 |
| 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, R J Salerno Foundation has awarded $165,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
APPALACHIAN TRAIL CONSERVANCY PURPOSE: GENERAL & UNRESTRICTED | $20,000 |
APPALACHIAN MOUNTAIN CLUB PURPOSE: GENERAL & UNRESTRICTED | $20,000 |
BOYS & GIRLS CLUB OF NEWBURGH INC PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
DIRECT RELIEF PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
HEAL RAISING OUR WORLD FOUNDATION INC PURPOSE: GENERAL & UNRESTRICTED | $40,000 |
NATURAL RESOURCES DEFENSE COUNCIL INC PURPOSE: GENERAL & UNRESTRICTED | $10,000 |