Frank And Rosalie Ambrosino Foundation Inc
- Assets
- $143.4k
- Revenue
- $79.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Howard Beach, NY
- Founding
- 06/2016
- Data as of
- 12/2022
- EIN
- 81-0857755
Organization Overview
Frank And Rosalie Ambrosino Foundation Inc is located in Howard Beach, NY. The organization was established in 2016. 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. Frank And Rosalie Ambrosino 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.
Since 2019, Frank And Rosalie Ambrosino Foundation Inc has awarded 23 individual grants totaling $218,200. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FUNDING TO CHARITABLE ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rosalie Ambrosino Director | 0 | $0 | |
Robert Eierman Vice Preside | 0 | $0 | |
Craig Schulken Secretary / | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $80,000 |
| Interest on Savings | $419 |
| Dividends & Interest | $89 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,060 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $79,448 |
| 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 | $149 |
| Total operating and administrative expenses | $1,249 |
| Contributions, gifts, grants paid | $67,700 |
| Total expenses and disbursements | $68,949 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $63,358 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $80,000 |
| 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 | $143,358 |
| 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, Frank And Rosalie Ambrosino Foundation Inc has awarded $67,700 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
QUEEN OF PEACE RESIDENCE PURPOSE: GENERAL | $1,000 |
FRANCISCAN BREAD FOR THE POOR INC PURPOSE: GENERAL | $1,500 |
OUR LADY OF GRACE CHURCH PURPOSE: GENERAL CHURCH ACTIVITIES | $50,000 |
ANNUAL CATHOLIC APPEAL PURPOSE: GENERAL | $9,200 |
BRIDGE TO LIFE PURPOSE: GENERAL | $1,000 |
OLG YOUTH MINISTRY PURPOSE: GENERAL YOUTH MINISTRY ACTIVITIES | $5,000 |