Damico Family Foundation Inc
- Assets
- $12.2k
- Revenue
- $9.0
- Investments
- $0.0
- Employees
- 0
- Location
- Newtown, CT
- Founding
- 04/2015
- Data as of
- 12/2022
- EIN
- 47-3577422
Organization Overview
Damico Family Foundation Inc is located in Newtown, CT. The organization was established in 2015. 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. Damico 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 12/2022, Damico Family Foundation Inc generated $9.0 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 (4.0%) each year. All expenses for the organization totaled $100.0 during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (40.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter E D'amico Director | 0 | $0 | |
Marie D'amico Director | 0 | $0 | |
Peter J D'amico Director | 0 | $0 | |
Christopher D'amico Director | 0 | $0 | |
Matthew D'amico Director | 0 | $0 | |
Thomas J D'amico Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9 |
| 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 | $9 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $100 |
| Total expenses and disbursements | $100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,177 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,177 |
| 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, Damico Family Foundation Inc has awarded $4,600 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CATHERINE VIOLET HUBBARD FOUNDATION PURPOSE: GENERAL PURPOSE | $1,500 |
NHS PTSA PURPOSE: GENERAL SUPPORT | $150 |
RESILIENCY CENTER OF NEWTOWN PURPOSE: GENERAL PURPOSE | $1,050 |
CH BOOTH NEWTOWN TURKEY TROT PURPOSE: GENERAL PURPOSE | $500 |
CATHERINE VIOLET HUBBARD ANIMAL SAN PURPOSE: GENERAL SUPPORT | $1,400 |