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Filing year 2024

Russo Foundation Inc

Middletown, Connecticut·EIN 06-1641951·NTEE T22 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$4.4M
Total assets
$12.1M
Total expenses
$553k
Reported officers
3

Reported officers (all unpaid)

No paid executives reported in 2024. Russo Foundation Inc reported 3 unpaid officers and board members on its 990-PF.

Treasurer
Member of Nonstock Corporation
Director and Secretary

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$484k

Itemized grants

2

Median grant

$242k

RecipientLocationPurposeAmount
ChrISTIANS ALLIANCE INCMiDDLETOWN, CTPROGRAM SUPPORT, OPERATIONAL SUPPORT, EQUIPMENT$459k
CHRISTIANS ALLIANCE INCMIDDLETOWN, CTPROGRAM SUPPORT, OPERATIONAL SUPPORT, EQUIPMENT$25k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

Russo Foundation Inc reported revenue and expenses across 4 filing years.

RevenueExpenses
$541k
$344k
2021
$255k
$116k
2022
$713k
$1.5M
2023
$4.4M
$553k
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($10M - $25M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Connecticut

Russo Foundation Inc reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Connecticut earns a median of $31,500.

25th percentile
$8k
Median
$31,500
75th percentile
$95k
90th percentile
$218k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 377 organizations across 377 filings (2021 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Connecticut
FAQ

Common questions about Russo Foundation Inc

What are Russo Foundation Inc's revenue and expenses?

In 2024, Russo Foundation Inc reported $4.4M in total revenue and $553k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($10M - $25M), because foundation pay scales with assets under management, not revenue.