Overview
What is Albert E Farone & Angela T Farone Foundation?
The Albert E Farone & Angela T Farone Foundation, situated in Washington, D.C., is a nonprofit organization with a significant mission. Primarily, their purpose is to support charitable, scientific, educational, literary, and religious activities of the Catholic University of America. They achieve this through the allocation of funds and the awarding of scholarships to students from the Albany Diocese of the Roman Catholic Church who are enrolled at the Catholic University of America. In the fiscal year 2022, 80 scholarships were granted. The foundation's main activity is centered around scholarship programs, helping students financially during their academic journey.
Is Albert E Farone & Angela T Farone Foundation legitimate?
Albert E Farone & Angela T Farone Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Albert E Farone & Angela T Farone Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Albert E Farone & Angela T Farone Foundation?
The Albert E Farone & Angela T Farone Foundation primarily aims to support charitable, scientific, educational, literary, and religious purposes at the Catholic University of America. Additionally, the foundation offers scholarships to students from the Albany Diocese of the Roman Catholic Church who are attending the Catholic University of America. During fiscal year 2022, 80 scholarships were awarded. The foundation's mission is centered around providing financial assistance to further these purposes and support the education of eligible students.
Who is the CEO of Albert E Farone & Angela T Farone Foundation?
Unavailable
What is the revenue of Albert E Farone & Angela T Farone Foundation?
Albert E Farone & Angela T Farone Foundation's revenue in 2022 was $1,862,925.
Who are the executives of Albert E Farone & Angela T Farone Foundation and what are their salaries?
There 1 volunteer at Albert E Farone & Angela T Farone Foundation.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $649,153
- Other: $11,730
- Compensation: $0
- Related: $540,675
- Other: $12,797
- Compensation: $0
- Related: $294,784
- Other: $19,451
- Compensation: $0
- Related: $395,131
- Other: $16,648
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $296,091
- Other: $12,194
Where can I find the form 990 for Albert E Farone & Angela T Farone Foundation?
Albert E Farone & Angela T Farone Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Albert E Farone & Angela T Farone Foundation
The Albert E Farone & Angela T Farone Foundation is committed to providing financial support for various charitable, scientific, educational, literary, and religious purposes. One of its primary objectives is to award scholarships to students hailing from the Albany Diocese of the Roman Catholic Church, who are pursuing their studies at The Catholic University of America. The foundation's scholarship programs have been instrumental in supporting 80 students during the fiscal year 2022.
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Impact
October, 2024
The Albert E Farone & Angela T Farone Foundation significantly enhances educational opportunities and religious engagement through its dedicated support of the Catholic University of America. By awarding scholarships specifically to students from the Albany Diocese of the Roman Catholic Church, the foundation plays a crucial role in facilitating access to higher education for aspiring scholars. In fiscal year 2022 alone, it provided 80 scholarships, directly impacting the lives of students and contributing to their academic and personal growth.
In addition to scholarships, the foundation's financial support helps fund various charitable, scientific, educational, literary, and religious initiatives at the university. This multifaceted impact not only fosters a robust educational environment but also strengthens the community and church connections within the Albany Diocese, promoting a legacy of learning and service aligned with Catholic values.
This information is meant to be a general summary of Albert E Farone & Angela T Farone Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,862,925
- Gross Receipts: $7,542,288
Assets and Liabilities:
- Total Assets: $37,739,378
- Total Liabilities: $750
- Net Assets: $37,738,628
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Organization Details
Founding Year
1965
Phone
(202) 319-5606Main Address
620 Michigan Ave, Washington, DC, 20064
NTEE Category
Code: B820 - Education
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