Romete Private Family Foundation

PENNINGTON, NJ EIN: 26-2381369

Romete Private Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PENNINGTON, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.2M in total assets. In 2024, it awarded 1 grants totaling $45K. Net investment income was $75K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$3.2M

+0.6% YoY

Annual Giving

$45K

-86.4% YoY

Grant Count

-50.0% YoY

Avg Grant Size

$45K

-72.7% YoY

Under IRS private-foundation payout rules, Romete Private Family Foundation reported a distributable amount of $197K for 2024 — the minimum it must pay out in qualifying distributions.

About Romete Private Family Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $2.2M (99%)

Connecticut $20K (1%)

States

Connecticut New York

Cities

BrooklynNorwalk

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$3,247,426	$3,228,700	$3,359,806
Revenue	$94,604	$236,948	$293,754
Expenses	$80,246	$365,207	$482,044
Qualifying Distributions	$58,182	$344,042	$451,576
Net Investment Income	$74,603	$217,435	$270,462
Distributable Amount	$196,708	$179,253	$216,288

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

11 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include The Shrine Church of Our Lady of ($45,000).

Recipient	Purpose	Amount
THE SHRINE CHURCH OF OUR LADY OF BROOKLYN, NY	UNRESTRICTED GENERAL	$45,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
MICHAEL J ROMERSA	PRESIDENT	2	—
MARTIN FESTA	VICE PRESIDENT	2	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Romete Private Family Foundation?

Romete Private Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PENNINGTON, NJ. It holds $3.2M in total assets as of 2024.

How large is Romete Private Family Foundation?

As of 2024, Romete Private Family Foundation holds $3.2M in total assets with $95K in annual revenue. It awarded 1 grants totaling $45K in 2024.

Where does Romete Private Family Foundation operate?

Romete Private Family Foundation has awarded grants in Connecticut, New York.

What size grants does Romete Private Family Foundation award?

In 2024, Romete Private Family Foundation awarded 1 grants totaling $45K — an average of about $45K per grant, based on its IRS Form 990 filings.

How much is Romete Private Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Romete Private Family Foundation reported a distributable amount of $197K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Romete Private Family Foundation's EIN?

Romete Private Family Foundation's EIN (Employer Identification Number) is 26-2381369. IRS Form 990 filing data is available on this page for 2020–2024.