Scaramella Faith Foundation Inc
- Assets
- $2.2m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Rio Grande, PR
- Founding
- 08/2016
- Data as of
- 12/2021
- EIN
- 81-1123236
Organization Overview
Scaramella Faith Foundation Inc is located in Rio Grande, PR. The organization was established in 2016. 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. Scaramella Faith 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 12/2021, Scaramella Faith Foundation Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $300.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Scaramella Faith Foundation Inc has awarded 47 individual grants totaling $1,294,986. 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 |
|---|---|---|---|
Russell Scaramella Vice President | 1 | $0 | |
Lorianne Scaramella President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,021,385 |
| Interest on Savings | $230 |
| Dividends & Interest | $700 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$9,936 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,418 |
| Total Revenue | $2,013,797 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $202 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,242 |
| Total operating and administrative expenses | $21,309 |
| Contributions, gifts, grants paid | $279,308 |
| Total expenses and disbursements | $300,617 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,654,617 |
| 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 | $511,982 |
| Total assets | $2,166,599 |
| 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, Scaramella Faith Foundation Inc has awarded $279,308 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
Towson, MD PURPOSE: CHARITABLE GIVING | $65,440 |
BOYS GIRLS CLUB PURPOSE: CHARITABLE GIVING | $50,000 |
OUR LADY OF SOLITUDE PURPOSE: CHARITABLE GIVING | $45,000 |
Laveen, AZ PURPOSE: CHARITABLE GIVING | $27,000 |
E3 AFRICA PURPOSE: CHARITABLE GIVING | $25,000 |
TRACEY MARTIN PURPOSE: CHARITABLE GIVING | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Scaramella Faith Foundation Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Desert Community Foundation Palm Desert, CA PURPOSE: GENERAL SUPPORT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mcs Foundation Inc San Juan, PR | $999,846 | $1,418,336 |
James And Barbara Cimino Foundation Inc San Juan, PR | $21,951,743 | $613,538 |
Scaramella Faith Foundation Inc Rio Grande, PR | $2,166,599 | $2,013,797 |
Harvey Foundation Inc San Juan, PR | $3,288,172 | $95,600 |
Marie And Paul Napoli Foundation Dorado, PR | $444,705 | $39,003 |
Roca-Sanchez Charitable Foundation Inc San Juan, PR | $344,424 | $18,450 |
Miranda Foundation San Juan, PR | $0 | $2,028 |