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Romete Private Family Foundation Inc. is a private corporation based in PENNINGTON, NJ. The foundation received its IRS ruling in 2008. The principal officer is Michael J Romersa. It holds total assets of $2.9M. Annual income is reported at $1.9M. Total assets have grown from $1.1M in 2011 to $3.2M in 2023. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2024. According to available records, Romete Private Family Foundation Inc. has made 3 grants totaling $375K, with a median grant of $110K. Annual giving has decreased from $330K in 2023 to $45K in 2024. Individual grants have ranged from $45K to $220K, with an average award of $125K. The foundation has supported 3 unique organizations. Grant recipients are concentrated in New York. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Romete Private Family Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 3 grants. Its grantmaking reaches organizations primarily in NY.
Romete Private Family Foundation Inc. has distributed a total of $375K across 3 grants. The median grant size is $110K, with an average of $125K. Individual grants have ranged from $45K to $220K.
Romete Private Family Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Romete Private Family Foundation Inc. is headquartered in PENNINGTON, NJ.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Michael J Romersa | PRESIDENT | $0 | $0 | N/A |
| Martin Festa | VICE PRESIDENT | $0 | $0 | N/A |
Total Giving
$80K
Total Assets
$3.2M
Fair Market Value
$4.4M
Net Worth
$3.2M
Grants Paid
$45K
Contributions
N/A
Net Investment Income
$75K
Distribution Amount
$197K
Total: $3.1M
Total Grants
3
Total Giving
$375K
Average Grant
$125K
Median Grant
$110K
Unique Recipients
3
Most Common Grant
$110K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| The Shrine Church Of Our Lady OfUNRESTRICTED GENERAL | Brooklyn, NY | $45K | 2024 |
| Futures In Education EndowmentUNRESTRICTED GENERAL | Brooklyn, NY | $220K | 2023 |
| St Athanasius Roman CatholicUNRESTRICTED GENERAL | Brooklyn, NY | $110K | 2023 |