The Donofrio Foundation
- Assets
- $1.4m
- Revenue
- $108.5k
- Investments
- $690.8k
- Employees
- 0
- Location
- Forked River, NJ
- Founding
- 10/2001
- Data as of
- 12/2022
- EIN
- 91-2151046
Organization Overview
The Donofrio Foundation is located in Forked River, NJ. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Donofrio 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, Donofrio Foundation generated $108.5k 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 (6.4%) each year. All expenses for the organization totaled $104.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Donofrio Foundation has awarded 429 individual grants totaling $769,767. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED CONTRIBUTIONS TO VARIOUS HOSPITALS TO SUPPORT TREATMENT AND RESEARCH FOR NEW ADVANCES IN MEDICINE NO. OF ORGANIZATIONS: 2
PROVIDED FUNDING TO UNITED WAY FOR LOCAL TRANSPORTATION PROGRAM FOR HONORABLY DISCHARGED VETERANS; ALSO SUPPORT SERVICES FOR CHILDREN WITH EPILEPSY AND THEIR FAMILIES ALSO TRAINING FOR LOCAL SAFETY AND FIRST AID VOLUNTEERS. NO OF ORG: 1
PROVIDED CONTRIBUTIONS FOR STUDENT SCHOLARSHIPS NO. OF ORGANIZATIONS: 7
PROVIDED FUNDING TO VARIOUS ORGANIZATIONS THAT PROVIDE FOOD SERVICES TO OCEAN COUNTY RESIDENTS IN NEED NO. OF ORGANIZATIONS: 2
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | 3 | $0 | |
Linda D'onofrio Trustee | 1 | $0 | |
Stephen D'onofrio Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $58,333 |
| Interest on Savings | $2,779 |
| Dividends & Interest | $50,592 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,134 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $957 |
| Total Revenue | $108,527 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,516 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $142 |
| Total operating and administrative expenses | $5,658 |
| Contributions, gifts, grants paid | $98,425 |
| Total expenses and disbursements | $104,083 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,052 |
| Savings and temporary cash investments | $703,510 |
| 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 | $1,397,376 |
| 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, The Donofrio Foundation has awarded $98,425 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
21 PLUS FOUNDATION INC PURPOSE: SUPPORT AND ENHANCE THEQUALITY OF LIFE FORADULTS WITH DISABILITIES | $2,000 |
ASSOCIATED HUMANE SOCIETY POPCORN PARK ZOO PURPOSE: ANIMAL SANCTUARYAND ANIMAL SHELTER | $5,500 |
BIG BROTHERS BIG SISTERS OF COASTAL & NORTHERN NEW JERSEY PURPOSE: ONE-ON-ONE MENTORINGRELATIONSHIPS THAT IGNITETHE POWER & PROMISE OF YOUTH | $1,000 |
CENTRAL REGIONAL SCHOOL DISTRICT PURPOSE: 2021/2022 ACADEMICSCHOLARSHIP | $1,000 |