Gibbons Scattone Family Foundation
- Assets
- $11.2m
- Revenue
- $2.3m
- Investments
- $11.2m
- Employees
- 0
- Location
- Jericho, NY
- Founding
- 09/2018
- Data as of
- 12/2022
- EIN
- 82-3761185
Organization Overview
Gibbons Scattone Family Foundation is located in Jericho, NY. The organization was established in 2018. 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. Gibbons Scattone Family 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 12/2022, Gibbons Scattone Family Foundation generated $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Gibbons Scattone Family Foundation has awarded 24 individual grants totaling $3,260,000. 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 |
|---|---|---|---|
Francesco Scattone Treasurer | 1 | $0 | |
Judith Gibbons President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000,000 |
| Interest on Savings | $942 |
| Dividends & Interest | $282,264 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$27,681 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,495 |
| Total Revenue | $2,259,020 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,270 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $37,696 |
| Total operating and administrative expenses | $44,474 |
| Contributions, gifts, grants paid | $980,000 |
| Total expenses and disbursements | $1,024,474 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,882 |
| Savings and temporary cash investments | $78,833 |
| 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 | $1,749,874 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,245,391 |
| 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, Gibbons Scattone Family Foundation has awarded $980,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CITY MEALS ON WHEELS PURPOSE: UNRESTRICTED | $30,000 |
COALITION FOR HOMELESS PURPOSE: UNRESTRICTED | $70,000 |
EAST HARLEM TUTORIAL PROGRAM PURPOSE: UNRESTRICTED | $500,000 |
FOOD BANK FOR NEW YORK CITY PURPOSE: UNRESTRICTED | $30,000 |
HENRY STREET SETTLEMENT PURPOSE: UNRESTRICTED | $25,000 |
ROBINHOOD FOUNDATION PURPOSE: ASSIST THE POOR | $100,000 |