Rocco A And Mary Abessinio Foundation Inc
- Assets
- $43.8m
- Revenue
- $32.5m
- Investments
- $15.7m
- Employees
- 0
- Location
- Concordville, PA
- Founding
- 02/2002
- Data as of
- 12/2022
- EIN
- 51-0413298
Organization Overview
Rocco A And Mary Abessinio Foundation Inc is located in Concordville, PA. The organization was established in 2002. 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. Rocco A And Mary Abessinio 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, Rocco A And Mary Abessinio Foundation Inc generated $32.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 33.1% each year . All expenses for the organization totaled $128.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Rocco A And Mary Abessinio Foundation Inc has awarded 58 individual grants totaling $13,054,636. 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 |
|---|---|---|---|
Rocco A Abessinio Director | 0 | $0 | |
Mary F Abessinio Director | 0 | $0 | |
Mary D Cool Director | 0 | $0 | |
Peter G Abessinio Director | 0 | $0 | |
Vincent T Abessinio Director | 0 | $0 | |
Joanne F Fabrizio Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $32,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $514,780 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,939 |
| Capital Gain Net Income | $7,939 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $32,522,719 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $67,752 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,569 |
| Total operating and administrative expenses | $83,053 |
| Contributions, gifts, grants paid | $45,315 |
| Total expenses and disbursements | $128,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $27,991,829 |
| 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 | $94,584 |
| Total assets | $43,818,667 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $7,340,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,530 |
| Total liabilities | $7,341,530 |
Grants Awarded
Over the last fiscal year, Rocco A And Mary Abessinio Foundation Inc has awarded $1,225,315 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
ARCHMERE ACADEMY PURPOSE: SCHOLARSHIP FINANCIAL ASSISTANCE | $100,000 |
ASSUMPTION ACADEMY PURPOSE: TO HELP FUND THE ORGANIZATION'S OPERATING BUDGET. | $250 |
CATHOLIC ACTION FOR FAITH AND FAMILY PURPOSE: DENY HOLY COMMUNION? PHASE I PROGRAM | $25,000 |
CATHOLIC CHARITIES INC PURPOSE: TO HELP FUND THE ORGANIZATION'S OPERATING BUDGET. | $10,000 |
FILITALIA FOUNDATION PURPOSE: TO HELP FUND THE ORGANIZATION'S OPERATING BUDGET. | $500 |
JUNIOR BOARD OF CHRISTIANA CARE INC PURPOSE: NURSING INNOVATION 2022 PROGRAM | $500 |