Salamone Family Foundation Inc
- Assets
- $2.5m
- Revenue
- $99.0k
- Investments
- $1.7m
- Employees
- 0
- Location
- Bonita Springs, FL
- Founding
- 03/2017
- Data as of
- 12/2023
- EIN
- 81-4199187
Organization Overview
Salamone Family Foundation Inc is located in Bonita Springs, FL. The organization was established in 2017. 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. Salamone Family 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 12/2023, Salamone Family Foundation Inc generated $99.0k 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 (19.8%) each year. All expenses for the organization totaled $239.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Salamone Family Foundation Inc has awarded 50 individual grants totaling $1,731,000. 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 |
|---|---|---|---|
Denis J Salamone President/treasurer | 1 | $0 | |
Joanne M Salamone Vice President/secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $45,855 |
| Dividends & Interest | $22,115 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $31,060 |
| Capital Gain Net Income | $31,060 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $99,030 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,564 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $22,293 |
| Contributions, gifts, grants paid | $217,500 |
| Total expenses and disbursements | $239,793 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $844,669 |
| 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 | $134 |
| Total assets | $2,529,827 |
| 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, Salamone Family Foundation Inc has awarded $217,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
RIDGEWOOD YMCA PURPOSE: THE ORGANIZATION OFFERS PROGRAMS AND COMMUNITY CONNECTIONS THAT POSITIVELY IMPACT LIVES THROUGH YOUTH DEVELOPMENT, HEALTHY LIVING AND SOCIAL RESPONSIBILITY, BUILDING SPIRIT, MIND AND BODY FOR ALL. | $15,000 |
ST FRANCIS COLLEGE PURPOSE: THE ORGANIZATION PROVIDES AN AFFORDABLE, QUALITY EDUCATION TO STUDENTS OF ALL RACIAL, ETHNIC, AND RELIGIOUS BACKGROUNDS | $200,000 |
TUNNEL TO TOWERS FOUNDATION PURPOSE: THE MISSION OF THE STEPHEN SILLER TUNNEL TO TOWERS FOUNDATION IS TO HONOR THE SACRIFICE OF FDNY FIREFIGHTER STEPHEN SILLER, AND ALL THOSE WHO LAID DOWN THEIR LIVES TO SAVE OTHERS ON SEPTEMBER 11, 2001. ALSO HONOR OUR MILITARY AND FIRST RESPONDERS WHO CONTINUE TO MAKE THE SUPREME SACRIFICE OF LIFE AND LIMB FOR OUR COUNTRY. | $2,500 |