Keith Cerrato Charitable Fund Inc
- Assets
- $90.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Garden City, NY
- Founding
- 07/2011
- Data as of
- 12/2021
- EIN
- 80-0725407
Organization Overview
Keith Cerrato Charitable Fund Inc is located in Garden City, NY. The organization was established in 2011. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Keith Cerrato Charitable Fund 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, Keith Cerrato Charitable Fund Inc generated $5.1k 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 (15.9%) each year. All expenses for the organization totaled $3.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (20.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION WAS ESTABLISHED TO RAISE MONEY TO PROVIDE SCHOLARSHIP MONEY FOR CADDIES IN MEMORY OF KEITH R. CERRATO. THE ORGANIZATION HOSTS AN ANNUAL SCHOLARSHIP FUNDRAISER WHERE CLUBS SEND THEIR CADDIES TO PLAY IN THE KEITH R. CERRATO MEMORIAL TOURNAMENT.CLUBS SPONSOR THEIR CADDIES, WITH PROCEEDS GOING TO SCHOLARSHIP FUNDS AND HOFSTRA UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John A Cerrato President | 10 | $0 | |
Gregory Cerrato Treasurer | 10 | $0 | |
Corey Cerrato Secretary | 10 | $0 | |
Mary Lou Cerrato Vice President | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $300 |
| Membership dues | $0 |
| Investment income | $4,817 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $5,117 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,050 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $3,050 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $3,953 |
| Other assets | $0 |
| Total assets | $90,252 |
| Total liabilities | $0 |
| Net assets or fund balances | $90,252 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Keith Cerrato Charitable Fund Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Doscas Family Foundation Inc Sands Point, NY PURPOSE: GENERAL FUND | $1,000 |
Peer Organizations
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|---|---|---|
Five Colleges Incorporated Amherst, MA | $34,378,872 | $10,361,692 |
Suny Impact Foundation Inc New York, NY | $1,805,430 | $8,847,404 |
Poughkeepsie Public School Teachers Asso Trust Fund Poughkeepsie, NY | $14,239,734 | $11,580,276 |
Elevate 215 Philadelphia, PA | $9,991,857 | $10,518,985 |
Meged Shomayim Airmont, NY | $573,750 | $8,461,954 |
Nli Usa Inc New York, NY | $11,341,396 | $10,639,057 |
Excellence Community Schools Inc Bronx, NY | $14,097,138 | $10,250,785 |
Futures In Education Brooklyn, NY | $11,663,497 | $8,970,011 |
National Center For Hebrew Language Charter School Excellence New York, NY | $4,301,333 | $7,260,290 |
Mastery Charter Schools Foundation Philadelphia, PA | $112,317,090 | $8,533,885 |
Research Collections And Preservation Consortium Inc Princeton, NJ | $56,454,726 | $4,069,858 |
Mccarton Foundation For Developmental Disabilities Inc Bronx, NY | $2,852,729 | $6,603,484 |