Paul J Diamare Foundation
- Assets
- $57.9m
- Revenue
- $2.5m
- Investments
- $57.8m
- Employees
- 0
- Location
- Homestead, FL
- Founding
- 04/1996
- Data as of
- 12/2022
- EIN
- 65-0537843
Organization Overview
Paul J Diamare Foundation is located in Homestead, FL. The organization was established in 1996. 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. Paul J Diamare 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, Paul J Diamare Foundation generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (15.5%) each year. All expenses for the organization totaled $3.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Paul J Diamare Foundation has awarded 248 individual grants totaling $16,890,417. 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 |
|---|---|---|---|
Paul J Dimare Jr Trustee | 8 | $0 | |
Anthony Dimare President | 2 | $0 | |
Gino Dimare Trustee | 1.5 | $0 | |
Scott Dimare Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $217,036 |
| Interest on Savings | $603,213 |
| Dividends & Interest | $1,350,327 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $357,867 |
| Capital Gain Net Income | $357,867 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,528,443 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $197,883 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $202,514 |
| Contributions, gifts, grants paid | $2,958,400 |
| Total expenses and disbursements | $3,160,914 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,739 |
| 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 | $57,931,380 |
| 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, Paul J Diamare Foundation has awarded $2,958,400 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
BUONICONTI FUND PURPOSE: MEDICINE | $400,000 |
DIMARE MUSIC SCHOLAR FUND PURPOSE: EDUCATION | $45,455 |
DIMARE CHAIR IMMUNOTHERAPY PURPOSE: EDUCATION | $350,000 |
COLUMBUS HIGH SCHOOL PURPOSE: EDUCATION | $50,000 |
FAIRCHILD TROPICAL GARDENS PURPOSE: ARTS | $492,500 |
PBS SO FLORIDA PURPOSE: EDUCATION | $75,000 |