Joseph Russo Foundation
- Assets
- $3.1m
- Revenue
- $61.0k
- Investments
- $3.0m
- Employees
- 0
- Location
- Boulder, CO
- Founding
- 07/2018
- Data as of
- 12/2021
- EIN
- 82-2665370
Organization Overview
Joseph Russo Foundation is located in Boulder, CO. The organization was established in 2018. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Joseph Russo 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 12/2021, Joseph Russo Foundation generated $61.0k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $188.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCIENTIFIC RESEARCH IN RELIEVING PAIN PRINCIPLE INVESTIGATOR RECEIVED TRAINING IN ANIMAL BRAIN SURGERY MONITORING NEUROLOGICAL ACTIVITY. PURCHASED EQUIPMENT
ESTABLISH ENDOSCOPY FACILITY IN LOW COST FAMILY CLINIC. PURCHASED EQUIPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeanne Guenther Treasurer | 1 | $0 | |
Paul Hartig Secretary | 1 | $0 | |
Marilyn Hartig Chairperson | 1 | $0 | |
Rodney Beard Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $61,002 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $61,002 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $706 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10 |
| Total operating and administrative expenses | $716 |
| Contributions, gifts, grants paid | $187,458 |
| Total expenses and disbursements | $188,174 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,053 |
| 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 | $0 |
| Total assets | $3,148,819 |
| Accounts payable and accrued expenses | $102,570 |
| 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 | $102,570 |
Grants Awarded
Over the last fiscal year, Joseph Russo Foundation has awarded $187,458 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SALUD FAMILY CLINIC PURPOSE: ESTABLISH ENDOSCOPE FACILITY | $155,150 |
UNIVERSITY OF CO PURPOSE: SCIENTIFIC PAIN RELIEVE RESEARCH | $32,308 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kirk Humanitarian Salt Lake City, UT | $3,740,895 | $18,227,954 |
Early Learning Ventures Englewood, CO | $2,919,748 | $7,396,606 |
Friends Of Football Inc Pueblo, CO | $0 | $209,272 |
Carl And Marilynn Thoma Art Foundation Santa Fe, NM | $0 | $36,422,281 |
Secure World Foundation Broomfield, CO | $14,993,930 | $1,932,804 |
Case Commons Inc Lawrence, KS | $6,148,091 | $1,952,183 |
The Harold James Family Trust Prescott, AZ | $66,905,399 | $283,174 |
Smith-Pettit Foundation Salt Lake City, UT | $17,077,346 | $1,780,934 |
Foundation For A Better Life Denver, CO | $1,182,191 | $2,044,000 |
International Spine Study Group Foundation Brighton, CO | $5,806,474 | $2,130,790 |
National Center On Shaken Baby Syndrome Farmington, UT | $942,258 | $989,551 |
The Clifton Foundation Omaha, NE | $834,669 | -$35,977 |