Florence & Paul Derosa Memorial Fund For the Arts Inc
Only null% goes to programs Strong reserves Growing revenue
Florence & Paul Derosa Memorial Fund For the Arts Inc is a 501(c)(3) organization based in Tenafly, New Jersey, registered in 2003, with $338,337 in FY2024 revenue. CharityIndex grades it D.
71 Forest Rd, Tenafly, NJ, 07670 EIN 22-3113270 Since 2003
Revenue (FY2024)
$338K
▼ 1.4% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$461K
Net assets
$3.2M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Florence & Paul Derosa Memorial Fund For the Arts Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating83 mo reserves · -36% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Florence & Paul Derosa Memorial Fund For the Arts Inc: 83 mo reserves · -36% margin earns a D on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Florence & Paul Derosa Memorial Fund For the Arts Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Florence & Paul Derosa Memorial Fund For the Arts Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 71 Forest Rd, Tenafly, NJ, 07670
- City
- Tenafly
- State
- New Jersey
- Subcategory
- Private Foundations
Financial trends
Revenue grew from $150K (FY2013) to $338K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $3.2M
Operating margin
-36.4%
Spent more than it raised in the latest fiscal year.
Total assets
$3.2M
Total liabilities
$0
Net assets
$3.2M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $338,337▼1.4% | $461,397▲7.7% | $3,182,906▼3.7% | $3,182,906▼3.7% | 990PF |
| 2023 | $343,113▲69.7% | $428,455▼5.4% | $3,305,966▼2.5% | $3,305,966▼2.5% | 990PF |
| 2022 | $202,189▲2.3% | $452,740▲3.4% | $3,391,058▼6.9% | $3,391,058▼6.9% | 990PF |
| 2021 | $197,565▼43.3% | $437,810▲1.4% | $3,641,609▼6.2% | $3,641,609▼6.2% | 990PF |
| 2020 | $348,481▼30.4% | $431,736▲2.9% | $3,881,854▼2.1% | $3,881,854▼2.1% | 990PF |
| 2019 | $500,997▲165% | $419,729▼2.1% | $3,965,109▲2.1% | $3,965,109▲2.1% | 990PF |
| 2018 | $189,136▼33.0% | $428,531▲3.6% | $3,883,841▼6.7% | $3,883,841▼6.7% | 990PF |
| 2017 | $282,131▼17.9% | $413,685▲3.8% | $4,164,068▼3.1% | $4,164,068▼3.1% | 990PF |
| 2016 | $343,764▲49.2% | $398,496▲5.7% | $4,295,622▼1.3% | $4,295,622▼1.3% | 990PF |
| 2015 | $230,374▼44.5% | $376,949▲3.3% | $4,350,354▼3.3% | $4,350,354▼3.3% | 990PF |
| 2014 | $415,258▲178% | $364,936▲11.1% | $4,496,929▲1.1% | $4,496,929▲1.1% | 990PF |
| 2013 | $149,578 | $328,495▲1.8% | $4,446,607▼3.9% | $4,446,607▼3.9% | 990PF |
| 2012 | — | $322,604▲2.6% | $4,625,524▼0.9% | $4,625,524▼0.9% | 990PF |
| 2011 | — | $314,354 | $4,666,463 | $4,666,463 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Florence & Paul Derosa Memorial Fund For the Arts Inc a legitimate nonprofit?
- Yes. Florence & Paul Derosa Memorial Fund For the Arts Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 22-3113270, based in Tenafly, New Jersey. Donations are tax-deductible.
- What is Florence & Paul Derosa Memorial Fund For the Arts Inc's EIN?
- Florence & Paul Derosa Memorial Fund For the Arts Inc's Employer Identification Number (EIN) is 22-3113270.
- How much revenue does Florence & Paul Derosa Memorial Fund For the Arts Inc report?
- Florence & Paul Derosa Memorial Fund For the Arts Inc reported $338,337 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Florence & Paul Derosa Memorial Fund For the Arts Inc have?
- CharityIndex grades Florence & Paul Derosa Memorial Fund For the Arts Inc D, based on financial health (reserves and operating margin).
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Data for Florence & Paul Derosa Memorial Fund For the Arts Inc (EIN 22-3113270) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.