Leo Lomangino Family Foundation Inc
- Assets
- $2.2m
- Revenue
- $156.3k
- Investments
- $1.6m
- Employees
- 0
- Location
- Davenport, NY
- Founding
- 11/2014
- Data as of
- 12/2021
- EIN
- 46-5138387
Organization Overview
Leo Lomangino Family Foundation Inc is located in Davenport, NY. The organization was established in 2014. 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. Leo Lomangino Family 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 12/2021, Leo Lomangino Family Foundation Inc generated $156.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 52.1% each year . All expenses for the organization totaled $150.2k during the year ending 12/2021. While expenses have increased by 43.8% per year over the past 6 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, Leo Lomangino Family Foundation Inc has awarded 33 individual grants totaling $177,894. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FINANCIAL RESOURCES TO CHARITABLE AND EDUCATIONAL ORGANIZATIONS AND TO INDIVIDUALS AND FAMILIES IN OTSEGO AND DELAWARE COUNTIES THAT ARE SUFFERING FINANCIAL HARDSHIP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leo F Lomangino President | 1 | $0 | |
Robert Lomangino Vice President | 1 | $0 | |
Leila Lomangino Secretary | 1 | $0 | |
Elysa Raschiatore Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $30,851 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $125,463 |
| Capital Gain Net Income | $125,463 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $156,314 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,268 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $101 |
| Total operating and administrative expenses | $33,188 |
| Contributions, gifts, grants paid | $117,000 |
| Total expenses and disbursements | $150,188 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $582,802 |
| Savings and temporary cash investments | $0 |
| 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 | $649,783 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,216,845 |
| 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, Leo Lomangino Family Foundation Inc has awarded $117,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
DAVENPORT FIRE DEPARTMENT PURPOSE: FOR FIRE EQUIPMENT, TRAINING, ETC. | $40,000 |
West Babylon, NY PURPOSE: FOR AUTISM RESEARCH AND SERVICES | $20,000 |
HELIOS CARE PURPOSE: FOR HOSPICE CARE | $10,000 |
New York, NY PURPOSE: FOR CANCER RESEARCH AND SERVICES | $10,000 |
FEED NC- MOORESVILLE SOUP KITCHEN INC PURPOSE: FOR MEALS AND OTHER SERVICES | $10,000 |
DEMENTIA SOCIETY OF AMERICA PURPOSE: FOR DEMENTIA RESEARCH AND SERVICES | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
S & G Foundation albany, NY | $1,180,089,159 | $294,936,683 |
Steven & Alexandra Cohen Foundation Inc Stamford, CT | $524,605,658 | $98,007,018 |
Starr Foundation New York, NY | $1,351,331,495 | $187,314,215 |
Robertson Foundation New York, NY | $308,129,047 | $104,540,927 |
William Randolph Hearst Foundation New York, NY | $0 | $92,096,829 |
Foundation For A Just Society New York, NY | $0 | $262,120,919 |
Surdna Foundation Inc New York, NY | $0 | $71,392,126 |
Johnson & Johnson Foundation United States Inc New Brunswick, NJ | $130,108,063 | $92,858,448 |
Carson Fam Charitable Tr New York, NY | $302,357,968 | $144,716,166 |
Blavatnik Family Foundation 2020 New York, NY | $0 | $14,146 |
Henry Luce Foundation Inc New York, NY | $1,226,277,880 | $84,818,070 |
Paul E Singer Foundation New York, NY | $412,018,579 | $19,273,091 |