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Thr Mary Russoniello Charitiable Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 462259047 ✦ Pennington, NJ ✦ Designated as a 501(c)(3)

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Overview

What is Thr Mary Russoniello Charitiable Foundation?

The THR Mary Russoniello Charitable Foundation is a nonprofit organization that annually distributes its entire earnings in equal portions to four beneficiaries: Missionaries of Charity Inc, ST. Joseph School for the Blind, Covenant House New Jersey, and Rutgers University Foundation. This philanthropic entity is deeply engaged in supporting these organizations through its financial contributions. Among its programs, the foundation plays a significant role in the operation of St. Joseph's School for the Blind and Covenant House New Jersey, two vital initiatives that cater to different communities in need.

Is Thr Mary Russoniello Charitiable Foundation legitimate?

Thr Mary Russoniello Charitiable Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Thr Mary Russoniello Charitiable 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: $16,711
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Thr Mary Russoniello Charitiable Foundation?

The Thr Mary Russoniello Charitable Foundation's mission is centered around the distribution of its annual net income. This foundation equally distributes its annual income to four notable organizations: Missionaries of Charity Inc, St. Joseph School for the Blind, Covenant House NJ, and Rutgers University Foundation. This charitable practice is a testament to the foundation's commitment to supporting these organizations and their respective initiatives. The foundation's activities also include supporting St. Joseph's School for the Blind and Covenant House New Jersey, contributing to their ongoing operations and programs.

Who is the CEO of Thr Mary Russoniello Charitiable Foundation?

Unavailable

What is the revenue of Thr Mary Russoniello Charitiable Foundation?

Thr Mary Russoniello Charitiable Foundation's revenue in 2022 was $79,315.

Who are the executives of Thr Mary Russoniello Charitiable Foundation and what are their salaries?


There is 1 key member and their salary:


Bank Of America Na (Trustee)
  • Compensation: $16,711
  • Related: $0
  • Other: $0
Where can I find the form 990 for Thr Mary Russoniello Charitiable Foundation?

Thr Mary Russoniello Charitiable Foundation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Thr Mary Russoniello Charitiable Foundation

The Thr Mary Russoniello Charitable Foundation, in its mission, annually distributes its net income in equal portions to four beneficiary organizations. Among these are the Missionaries of Charity Inc., St. Joseph School for the Blind, Covenant House New Jersey, and Rutgers University Foundation. By doing so, the foundation contributes to the ongoing operations and initiatives of these organizations, ensuring they can continue to provide essential services.

Specifically, the Missionaries of Charity Inc. and St. Joseph School for the Blind focus on providing support and education to individuals in need. The Missionaries of Charity Inc. dedicates its efforts to serving the poor, sick, and marginalized, both domestically and internationally. St. Joseph School for the Blind, on the other hand, offers specialized education and resources for visually impaired children, enabling them to reach their full potential.

Covenant House New Jersey and Rutgers University Foundation also play significant roles in their respective fields. Covenant House New Jersey provides shelter, education, and support services to homeless, runaway, and at-risk youth, helping them overcome challenges and rebuild their lives. Rutgers University Foundation, as part of Rutgers University, supports academic research, student programs, and facility development, fostering innovation and knowledge in various disciplines.

In summary, the Thr Mary Russoniello Charitable Foundation, through its mission, plays a crucial role in funding and sustaining the vital work of these four organizations. By distributing its net income annually, the foundation enables these entities to continue their efforts in serving the poor, educating the visually impaired, supporting homeless youth, and promoting academic excellence.

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Impact




October, 2024

The THR Mary Russoniello Charitable Foundation has a significant impact through its annual distribution of net income to key organizations dedicated to improving lives and providing essential services. By allocating equal shares to the Missionaries of Charity Inc, St. Joseph School for the Blind, Covenant House NJ, and Rutgers University Foundation, the foundation supports a diverse range of programs and initiatives aimed at enhancing education, providing shelter and care, and fostering community development.

Covenant House NJ, for instance, plays a vital role in offering support and resources to homeless youth, helping them transition into stable and productive lives. Meanwhile, St. Joseph School for the Blind focuses on empowering students with visual impairments through specialized education and resources. The foundation’s contributions to Rutgers University Foundation further promote academic advancement and research, benefiting students and the broader community.

Through these annual distributions, the foundation not only ensures a steady flow of support to these organizations but also amplifies their ability to impact the lives of those they serve, fostering a stronger, more compassionate community in Pennington, NJ, and beyond.




This information is meant to be a general summary of Thr Mary Russoniello Charitiable 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.

Revenue
$79,315 (2022)
Expenses
$42,731 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $79,315
  • Gross Receipts: $939,114

Assets and Liabilities:

  • Total Assets: $1,163,262
  • Total Liabilities: $0
  • Net Assets: $1,163,262

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Organization Details

Founding Year

2011

Main Address

PO BOX 1532, PENNINGTON, NJ, 08534

NTEE Category

Code: T22 - Philanthropy

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