PLATINUM2024

Theresa Alessandra Russo Foundation Inc

aka Theresa Foundation   |   Lido Beach, NY   |  https://theresafoundation.org

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Mission

The Foundation fosters each child’s unique abilities by supporting programs focusing on Art, Music, Dance, Drama and Recreation.

Ruling year info

2015

President

Susan Russo

Executive Director; Vice President

Elizabeth Einhart

Main address

250 Lido Blvd

Lido Beach, NY 11561 USA

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EIN

11-3126316

NTEE code info

Arts Education/Schools (A25)

IRS filing requirement

This organization is required to file an IRS Form 990-PF.

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Communication

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

There is a significant shortage of opportunities in the arts and recreation for children with special needs. The few available programs across the nation often lack quality, and their participation costs are prohibitively high. However, the Theresa Foundation is committed to enhancing the availability and improving the quality of programs in art, music, dance, drama, and recreation for these children. The foundation firmly believes in nourishing each child's growth and upholding their undeniable rights to express themselves artistically and engage in physical activities.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Theresa Pooled Trust

The Theresa Foundation Pooled Trust of New York is a special type of trust that allows a beneficiary of any age to become financially eligible for public assistance benefits, such as Medicaid home care, while preserving their monthly income in trust for living expenses and supplemental needs. The Center for Special Needs Trust Administration, Inc. (The Center) is the trustee that administers The Theresa Pooled Trust (Trust).

Upon the beneficiary’s death, any remaining assets in the pooled trust must either be retained in the Trust or used to reimburse the state of New York for all medical benefits provided by the beneficiary. As part of their charitable mission, the Theresa Foundation and the Center have partnered to provide comprehensive services to the entire community of people with disabilities in New York.

Population(s) Served
Adults

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of grants and research funding awarded to the institution

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

The Theresa Foundation funded 22 grants to different organizations in 2023.

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Our mission is to foster each child's unique abilities by providing direct services and creating spaces where they can express themselves creatively. We aim to accomplish this by offering grants to organizations that focus on these areas, allowing them to develop and implement programs tailored to the needs and abilities of these children. In addition, the foundation also provides adaptive recreational equipment for families who cannot afford it, ensuring that every child has access to enjoyable and therapeutic recreational activities. Through these initiatives, the Theresa Foundation continues to enrich the lives of children with special needs, helping them to thrive and reach their full potential.

1) Program Support: The Theresa Foundation backs programs that specialize in art, music, dance, drama, and recreation for children with special needs. By funding these programs, the foundation ensures that a diverse range of creative and recreational opportunities are available for these children.


2) Grant Program: The Theresa Foundation runs a grant program that offers financial assistance to organizations that align with their vision. These grants enable these organizations to develop and implement programs that cater to the needs and abilities of children with special needs.


3) Community Building and Inspiration: The foundation's work goes beyond direct support. It aims to inspire the community and enrich the world with various events throughout the year including bowling parties, comedy nights, and taking part in 5ks, nurturing each child's unique abilities and contributing to building strong families.

1) Financial Support: The Theresa Foundation has the ability to provide financial assistance through grants to organizations that align with our mission. This funding is used to develop and implement programs that cater to the unique needs and abilities of children with special needs.


2) Network and Partnerships: The Theresa Foundation has a network of partnerships with various organizations that focus on art, music, dance, drama, and recreation. These partnerships allow the foundation to reach a wider national and international audience.


3) Community Engagement: The Theresa Foundation actively engages with the community, inspiring them to recognize and appreciate the unique abilities of all children, regardless of their abilities. This community involvement helps in the acceptance and inclusion of children with special needs.


4) Expertise and Experience: The Theresa Foundation was established in 1992 by a team of experienced professionals who are skilled in identifying the best programs that can cater to the unique needs of children with special needs. We ensure that the funds are directed towards the most impactful initiatives.

The Theresa Foundation has made significant strides in supporting over 200 organizations (and counting). As of 2022, the foundation has provided over $2.6 million in grant funding to 202 programs across 29 states throughout the U.S., as well as four international grants.
The foundation also presents an annual Theresa Award, honoring a National Academy of Elder Law Attorney (NAELA) in recognition of their outstanding efforts. Additionally, we have supported numerous projects aimed at improving health and overall care in various communities.
Furthermore, the foundation has successfully established "Theresa's Fun Place," a state-of-the-art, fully adaptive playground that serves 240 children daily.
What's next for The Theresa Foundation? We aim to continue expanding our reach, supporting more programs, and providing more opportunities for artistic expression and physical recreation for children with special needs.

Financials

Theresa Alessandra Russo Foundation Inc
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

Want to see how you can enhance your nonprofit research and unlock more insights? Learn More about GuideStar Pro.

Theresa Alessandra Russo Foundation Inc

Board of directors
as of 02/12/2024
SOURCE: Self-reported by organization
Board chair

Susan Russo

The Theresa Foundation

Dante Russo

Robert Russo

Susan Russo

Vincent Russo

Elizabeth Einhart

Judy Murdaugh Jackson

Jane James

Laury Adsit Gelardi

Beth Meyers

Organizational demographics

SOURCE: Self-reported; last updated 3/10/2023

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

The organization's co-leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

Disability

No data