Anthony And Catherine Fusco Foundation
- Assets
- $6.4m
- Revenue
- $524.6k
- Investments
- $6.2m
- Employees
- 0
- Location
- New Castle, DE
- Founding
- 04/2003
- Data as of
- 06/2023
- EIN
- 82-0576303
Organization Overview
Anthony And Catherine Fusco Foundation is located in New Castle, DE. The organization was established in 2003. 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. Anthony And Catherine Fusco 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 06/2023, Anthony And Catherine Fusco Foundation generated $524.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $451.0k during the year ending 06/2023. While expenses have increased by 6.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Anthony And Catherine Fusco Foundation has awarded 302 individual grants totaling $2,017,175. 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 |
|---|---|---|---|
Anthony N Fusco President | 0 | $0 | |
Josephine R Vassallo Treasurer/secretary | 0 | $0 | |
Anthony N Fusco Jr Vice President | 0 | $0 | |
Cheryl A Staffieri Vice President | 0 | $0 | |
Frank J Vassallo III Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $209,839 |
| Interest on Savings | $0 |
| Dividends & Interest | $174,862 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $136,441 |
| Capital Gain Net Income | $136,441 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,459 |
| Total Revenue | $524,601 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,727 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $84,660 |
| Total operating and administrative expenses | $102,537 |
| Contributions, gifts, grants paid | $348,500 |
| Total expenses and disbursements | $451,037 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,764 |
| Savings and temporary cash investments | $146,911 |
| 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 | $3,908,382 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,369,814 |
| 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, Anthony And Catherine Fusco Foundation has awarded $340,900 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL ALOPECIA AREATA FOUNDATION PURPOSE: TO FUND MEDICAL RESEARCH TO FIND A CURE OR ACCEPTABLE TREATMENT, SUPPORT THOSE WITH THE DISEASE, AND EDUCATE THE PUBLIC ABOUT ALOPECIA AREATA. | $3,000 |
AMERICAN HEART ASSOCIATION PURPOSE: TO BUILD HEALTHIER LIVES FREE OF CARDIOVASCULAR DISEASE AND STROKE | $1,000 |
DELAWARE ART MUSEUM PURPOSE: TO CONNECT PEOPLE TO ART | $5,000 |
PADUA ACADEMY PURPOSE: TO FUND EDUCATIONAL SCHOLARSHIPS | $31,400 |
SALESIANUM SCHOOL PURPOSE: TO FUND EDUCATIONAL SCHOLARSHIPS | $35,000 |
URSULINE ACADEMY PURPOSE: TO FUND EDUCATIONAL SCHOLARSHIPS | $150,000 |