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← AMERICAN FOUNDATION OF SAVOY ORDERS INCORPORATED

Form 990 for tax year 2022

Filed by AMERICAN FOUNDATION OF SAVOY ORDERS INCORPORATED.

Totals

Total revenue
$595,209
Total expenses
$322,198
Contributions and grants received
$750,232
Grants paid
$162,805
Program service revenue
$0
Investment income
$30,097
Other revenue
-$185,120
Total assets, end of year
$1,035,554
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,035,554
Program services expenses (Part IX)
$250,835
Management and general expenses
$51,480
Fundraising expenses
$19,883
Program service expenses (Part III)
$250,835

Program services were 77.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $720,698

  • 1f · All other contributions, gifts and grants

    $29,534

  • 3 · Investment income

    total $31,215 · unrelated business $0 · excluded $31,215

  • 7a · Gross sales of assets other than inventory

    securities $23,263

  • 7b · Less cost or other basis and sales expenses

    securities $24,381

  • 7c · Gain or loss

    securities -$1,118

  • 7d · Net gain or loss

    total -$1,118 · related or exempt $0 · unrelated business $0 · excluded -$1,118

  • 8a · Fundraising events: gross income

    $187,642

  • 8a · Fundraising events: contributions included on line 1c

    $720,698

  • 8b · Fundraising events: direct expenses

    $373,397

  • 8c · Net income from fundraising events

    total -$185,755 · unrelated business $0 · excluded -$185,755

  • 10a · Gross sales of inventory

    $1,235

  • 10b · Cost of goods sold

    $600

  • 10c · Net income from sales of inventory

    total $635 · related or exempt $635

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $155,305 · program services $155,305

  • 2 · Grants to domestic individuals

    total $7,500 · program services $7,500

  • 7 · Other salaries and wages

    total $54,841 · program services $41,131 · management and general $8,226 · fundraising $5,484

  • 10 · Payroll taxes

    total $4,985 · program services $3,739 · management and general $747 · fundraising $499

  • 11a · Fees: management

    total $40,800 · program services $20,400 · management and general $20,400 · fundraising $0

  • 11c · Fees: accounting

    total $6,300 · program services $0 · management and general $6,300 · fundraising $0

  • 11g · Fees: other

    total $2,211 · program services $0 · management and general $2,211 · fundraising $0

  • 13 · Office expenses

    total $4,051 · program services $795 · management and general $2,454 · fundraising $802

  • 14 · Information technology

    total $5,819 · program services $1,207 · management and general $4,370 · fundraising $242

  • 16 · Occupancy

    total $25,329 · program services $18,997 · management and general $3,799 · fundraising $2,533

  • 19 · Conferences, conventions and meetings

    total $1,277 · program services $632 · management and general $645 · fundraising $0

  • 23 · Insurance

    total $2,258 · program services $1,129 · management and general $1,129 · fundraising $0

  • 24a · Other expenses: License, dues, and fees

    total $613 · program services $0 · management and general $613 · fundraising $0

  • 24b · Other expenses: Processing & Other Fees

    total $10,909 · program services $0 · management and general $586 · fundraising $10,323

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $121,895 · end of year $330,188

  • 2 · Savings and temporary cash investments

    beginning of year $94,417 · end of year $4,427

  • 8 · Inventories for sale or use

    beginning of year $1,511 · end of year $911

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,959 · end of year $37,838

  • 11 · Investments: publicly traded securities

    beginning of year $543,304 · end of year $656,581

  • 15 · Other assets

    beginning of year $3,511 · end of year $5,609

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $549,834 · end of year $853,015

  • 28 · Net assets with donor restrictions

    beginning of year $217,763 · end of year $182,539

Mission and programs · 2022

Mission

The Foundation's mission is to provide support for humanitarian and charitable projects and initiatives across North America and abroad, particularly in areas of healthcare, disaster relief and education.

  • Humanitarian Initiatives: The organization provides grants in support of humanitarian aid, disaster relief and public health. The organization's grants focus on supporting hospitals, relief agencies and to provide assistance for the poor, sick and elderly. The organization also supports initiatives that provide vital services to children in need. Education Initiatives: The organization provides grants that provide students with opportunities to prepare for fulfilling careers through access to high quality education and support for their academic success. Through the Savoy Orders Pigott Scholarships, the organization annually gives scholarships, based on academic excellence and financial need, focusing on the discipline areas of Humanities & Fine Arts and International Studies. The organization also holds an annual educational lecture.

    Expenses $250,835 · Grants $162,805

As filed on the 2022 return.

Listed in Part VII

  • Carl J Morelli

    Chairman

    Total calculated
    $0
    Hours/week
    15

  • Joseph Sciame

    President

    Total calculated
    $0
    Hours/week
    2

  • Thomas Pecora

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • John Fiorilla

    Vice President

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey A Ryan

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Marco Grassi

    President Emeritus

    Total calculated
    $0
    Hours/week
    0.5

  • Frank Desiderio

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Vivian Cardia

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • John Gelati

    Director

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • George White

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Daniel McClory

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Anthony Viscogliosi

    Director

    Total calculated
    $0
    Hours/week
    0.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
7 June 2024
IRS schema version
2022v5.0
Source object
202421649349300127

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