The Citta Foundation
- Assets
- $7.3m
- Revenue
- $440.0k
- Investments
- $6.3m
- Employees
- 0
- Location
- Toms River, NJ
- Founding
- 02/1987
- Data as of
- 12/2022
- EIN
- 59-2635738
Organization Overview
The Citta Foundation is located in Toms River, NJ. The organization was established in 1987. 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. Citta 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 12/2022, Citta Foundation generated $440.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $562.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Citta Foundation has awarded 354 individual grants totaling $2,668,139. 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 |
|---|---|---|---|
Kristin Farfalla President | 0 | $0 | |
Joseph A Citta Jr Trustee | 0 | $0 | |
Marie Roselli Secretary-Treas | 0 | $0 | |
Loriann Erbe Vice President | 0 | $0 | |
Heather Moffitt Vice President | 0 | $0 | |
Cheryl Zahn Administrator | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $240,560 |
| Interest on Savings | $8,694 |
| Dividends & Interest | $110,050 |
| Net Rental Income | $14,174 |
| Net Gain on Sale of Assets | $33,365 |
| Capital Gain Net Income | $33,365 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,103 |
| Total Revenue | $439,987 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,213 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $36,235 |
| Total operating and administrative expenses | $89,742 |
| Contributions, gifts, grants paid | $472,500 |
| Total expenses and disbursements | $562,242 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $69,045 |
| 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 | $880,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $61,948 |
| Total assets | $7,278,977 |
| 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, The Citta Foundation has awarded $472,500 in support to 56 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: GENERAL CHARITABLE PURPOSES | $1,000 |
ANNA MARIE WESTEN SCHOLARSHIP FUND PURPOSE: GENERAL CHARITABLE PURPOSES | $500 |
CASEY COYLE MEMORIAL FUND PURPOSE: GENERAL CHARITABLE PURPOSES | $1,000 |
CONTACT OF OCEAN COUNTY PURPOSE: GENERAL CHARITABLE PURPOSES | $2,000 |
COMMUNITY MEDICAL CENTER PURPOSE: GENERAL CHARITABLE PURPOSES | $75,000 |
FOOD FOR THE POOR PURPOSE: GENERAL CHARITABLE PURPOSES | $500 |