Romano Children Foundation

Overview

The Romano Children Foundation is a U.S. nonprofit organization registered under the EIN 834556646. It operates as a private foundation, overseeing charitable activities and contributions primarily focused on children.

Financial Operations

As of the latest available financial data, the foundation derives 100% of its revenue from contributions received. In 2022, it reported revenues amounting to approximately $1,775, and in the same year, charitable disbursements were about $1,801[1][2]. In previous years, such as 2020 and 2019, contributions varied, with significant revenue recorded in 2019 but no charitable disbursements reported that year[1].

Leadership

Key individuals involved in the foundation include:

• Christopher Romano, who serves as the Chair.
• Jennifer Romano, the Vice Chair.
• Madison Toomey, acting as the Treasurer[1][2].

None of these officers receive compensation for their roles[1].

Assets

As of 2022, the Romano Children Foundation held total assets valued at approximately $28,067 and reported no liabilities[1][2]. The foundation is headquartered in Maineville, Ohio[2].

Philanthropic Activities

In 2022, the foundation reported giving a total of $500 in grants, although it does not specify the number of grants made due to the minimal amount[2]. This suggests that the organization's charitable efforts are targeted but limited in scale.

Tax Deductibility and Compliance

Donations to the Romano Children Foundation are tax-deductible, as it is recognized as a tax-exempt organization by the IRS[1].

Regulation and Reporting

Like all private foundations, the Romano Children Foundation is required to file Form 990-PF annually with the IRS, detailing its financial activities, governance structure, and compliance with tax regulations[5].

[1] https://projects.propublica.org/nonprofits/organizations/834556646 [2] https://www.theshareway.com/funder/romano-children-51195 [3] https://www.causeiq.com/organizations/the-romano-family-foundation,341909468/ [4] https://www.guidestar.org/profile/27-0032167 [5] https://projects.propublica.org/nonprofits/organizations/834556646/202111549349100101/full/