The Sansone Foundation INC: Nonprofit Profile, Financials & Form 990 (EIN 23-7082544)

Revenue by fiscal year
FY2020	$72
FY2021	$121
FY2022	$10
FY2023	$979K
FY2024	$18K
FY2025	$10K

Expenses by fiscal year
FY2020	$34K
FY2021	$29K
FY2022	$36K
FY2023	$666K
FY2024	$121K
FY2025	$178K

Net assets by fiscal year
FY2020	$278K
FY2021	$249K
FY2022	$212K
FY2023	$526K
FY2024	$422K
FY2025	$254K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1968.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

96 cents of each dollar spent went to programs.

96%

Program services 96% · $171K Management & general 4% · $7K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation

Carmine Gibaldi

President

$0Pt VII · Sec A

Celia Iervasi

Vice-President

$0Pt VII · Sec A

Amy Bogin

Secretary

$0Pt VII · Sec A

Carmela Sansone

Director

$0Pt VII · Sec A

Zachary W Sansone

Director

$0Pt VII · Sec A

Salvatore Aspromonte

Director

$0Pt VII · Sec A

Louis Cosentino

Director

$0Pt VII · Sec A

Anthony Annucci

Director

$0Pt VII · Sec A

See The Sansone Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Fosters a loving, inclusive environment for children to embrace diversity, manage emotions, and succeed academically.

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Provided by the organization

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2 programs · $171K · in their own filed words · FY2025

01

Provide assistance to families and victims of sudden tragedies.

$150Kprogram expense

02

Granting of awards, scholarships and financial assistance to students enrolled or to be enrolled in accredited scholastic institutions.

$21Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking

Grants paid · 3 grants · $793K · 2023–2025

Robin Hood FoundationNY · FY2025$150,000

Brooklyn Law SchoolNY · FY2023$343,224

St Johns University New YorkNY · FY2023$300,000

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$10K

Ln 12

Investment incomeLn 3$10K

Money outPt IX

$178K

Ln 25

Programscol B$171K

Managementcol C$7K

Owns and owesPt X

$254K

net assets · Ln 32

Cash and savingsLn 1–2$258K

Total assetsLn 16$259K

LiabilitiesLn 26$4K

PeoplePt VI, VII

12

listed · VII A

PaidVII A0

Voting boardVI 1a12

IndependentVI 1b12

2In more detail

Revenue in detailPt VIII

Investment incomeLn 3$10K

Total revenueLn 12$10K

Assets in detailPt X, end of year

CashLn 1$69K

SavingsLn 2$189K

Cash and savings togetherLn 1–2$258K

Land, buildings, equipmentLn 10c$481

Other assetsLn 15$0

Total assetsLn 16$259K

LiabilitiesLn 26$4K

Net assetsLn 32$254K

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$426K	$258K
Land, buildings, equipmentLn 10c	$802	$481
Total assetsLn 16	$426K	$259K
LiabilitiesLn 26	$4K	$4K
Net assetsLn 32	$422K	$254K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$150K	$150K
Office expensesLn 13	$10	$0	$10	$0
Depreciation, depletion and amortizationLn 22	$321	$0	$321	$0
InsuranceLn 23	$873	$0	$873	$0
Other expenses (24a–d)Ln 24	$27K	$21K	$6K	$0
Total functional expensesLn 25	$178K	$171K	$7K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$10K	$178K	−$168K	$254K	990 PDF
FY2024	$18K	$121K	−$104K	$422K	990 PDF
FY2023	$979K	$666K	$314K	$526K	990 PDF
FY2022	$10	$36K	−$36K	$212K	990 PDF
FY2021	$121	$29K	−$29K	$249K	990 PDF
FY2020	$72	$34K	−$34K	$278K	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2025 990 (6 parts)

Part I · Summary $9,580 revenue, 12 lines filed

I-8 Contributions and grants$0

I-9 Program service revenue$0

I-10 Investment incomePrior year $17,565$9,580

I-11 Other revenue$0

I-12 Total revenuePrior year $17,565$9,580

I-13 Grants and similar amounts paidPrior year $102,000$150,000

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $19,248$27,714

I-18 Total expensesPrior year $121,248$177,714

I-19 Revenue less expensesPrior year −$103,683−$168,134

Part VI · Governance 12 of 12 board members independent, 3 to look at

VI-1a Voting members of the governing body12

VI-1b Independent voting members12

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

Part VIII · Statement of revenue $9,580 across 2 lines filed

VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$9,580

VIII-12 Total revenueRelated to mission $9,580 · Unrelated business $0 · Excluded from tax $0$9,580

Part IX · Statement of functional expenses $177,714 across 5 lines filed

IX-1 Grants to domestic organizationsPrograms $150,000$150,000

IX-13 Office expensesPrograms $0 · Management $10 · Fundraising $0$10

IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $321 · Fundraising $0$321

IX-23 InsurancePrograms $0 · Management $873 · Fundraising $0$873

IX-24 Other expenses (24a–d)Programs $21,000 · Management $5,510 · Fundraising $0$26,510

IX-25 Total functional expensesPrograms $171,000 · Management $6,714 · Fundraising $0$177,714

Part X · Balance sheet $258,718 assets, 11 lines filed

X-1 Cash, non-interest-bearingStart of year $80,500$68,889

X-2 Savings and temporary cash investmentsStart of year $345,050$189,348

X-10c Land, buildings and equipment, netStart of year $802$481

X-15 Other assetsStart of year $0$0

X-16 Total assetsStart of year $426,352$258,718

X-17 Accounts payable and accrued expensesStart of year $4,000$4,500

X-25 Other liabilitiesStart of year $0$0

X-26 Total liabilitiesStart of year $4,000$4,500

X-27 Net assets without donor restrictionsStart of year $422,352$254,218

X-32 Total net assets or fund balancesStart of year $422,352$254,218

X-33 Total liabilities and net assetsStart of year $426,352$258,718

Part XI · Reconciliation of net assets $254,218 net assets at year end

XI-1 Total revenue$9,580

XI-2 Total expenses$177,714

XI-3 Revenue less expenses−$168,134

XI-4 Net assets at start of year$422,352

XI-10 Net assets at end of year$254,218

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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The Sansone Foundation INC

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for The Sansone Foundation INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV