Two Red Roses Foundation Inc

St Petersburg, FL
Tax-exempt since July 2005
EIN: 33-1093993

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Arts, Culture and Humanities / Visual Arts Organizations (NTEE)

Donations to this organization are tax deductible.

Revenue

$1.93M (2024)

Expenses

$228k (2024)

Total Assets

$97.7M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$1,928,169

Expenses

$228,298

Net Income

$1,699,871

Net Assets

$97,723,713

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,144	0.1%
Interest Revenue	$0
Dividends	$1,830,509	94.9%
Sales of Assets	$122,916	6.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$111,933	49.0%
Compensation of Officers*	$22,000	9.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$97,723,713
Total Liabilities	$0
Net Assets	$97,723,713

Compensation

Key Employees and Officers	Compensation	Other
Thomas Magoulis (Executive)	$22,000	$0
Rodolfo Ciccarello (President)	$0	$0

990-PF

Filed on Nov. 7, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2023

Revenue

$2,350,971

Expenses

$246,911

Net Income

$2,104,060

Net Assets

$86,629,480

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,221,026	51.9%
Sales of Assets	$1,065,889	45.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$181,772	73.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$86,629,574
Total Liabilities	$94
Net Assets	$86,629,480

Compensation

Key Employees and Officers	Compensation	Other
Rodolfo Ciccarello (President)	$0	$0
Thomas Magoulis (Executive)	$0	$0

990-PF

Filed on April 11, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2022

Revenue

$1,316,207

Expenses

$95,971

Net Income

$1,220,236

Net Assets

$84,711,073

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,176,440	89.4%
Sales of Assets	$139,746	10.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$71,585	74.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$84,711,263
Total Liabilities	$190
Net Assets	$84,711,073

Compensation

Key Employees and Officers	Compensation	Other
Rodolfo Ciccarello (President)	$0	$0
Thomas Magoulis (Executive)	$0	$0

990-PF

Filed on Feb. 15, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2021

Revenue

$5,214,247

Expenses

$2,074,713

Net Income

$3,139,534

Net Assets

$81,825,419

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$757,303	14.5%
Sales of Assets	$4,433,887	85.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,006,941	96.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$81,826,203
Total Liabilities	$784
Net Assets	$81,825,419

Compensation

Key Employees and Officers	Compensation	Other
Rodolfo Ciccarello (President)	$0	$0
Thomas Magoulis (Executive)	$0	$0

990-PF

Filed on Feb. 2, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2020

Revenue

$25,287,582

Expenses

$142,806

Net Income

$25,144,776

Net Assets

$78,685,885

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$23,831,313	94.2%
Interest Revenue	$0
Dividends	$119,075	0.5%
Sales of Assets	$1,349,398	5.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$118,944	83.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$80,133,303
Total Liabilities	$1,447,418
Net Assets	$78,685,885

Compensation

Key Employees and Officers	Compensation	Other
Rodolfo Ciccarello (President)	$0	$0
Thomas Magoulis (Executive)	$0	$0

990-PF

Filed on Nov. 15, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2019

Revenue

$274,025

Expenses

$4,134,592

Net Income

-$3,860,567

Net Assets

$53,541,108

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$59,235	21.6%
Interest Revenue	$0
Dividends	$143,577	52.4%
Sales of Assets	$0
Other Income	$73,335	26.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,099,832	99.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$53,541,109
Total Liabilities	$1
Net Assets	$53,541,108

Compensation

Key Employees and Officers	Compensation	Other
Rodolfo Ciccarello (President)	$0	$0
Thomas Magoulis (Executive)	$0	$0

990-PF

Filed on Nov. 16, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$499,480

Expenses

$12,311,160

Net Income

-$11,811,680

Net Assets

$57,401,675

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$125,980	25.2%
Interest Revenue	$0
Dividends	$317,310	63.5%
Sales of Assets	$46,623	9.3%
Other Income	$1,224	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$12,265,711	99.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$57,401,675
Total Liabilities	$0
Net Assets	$57,401,675

Compensation

Key Employees and Officers	Compensation	Other
Rodolfo Ciccarello (President)	$0	$0
Thomas Magoulis (Executive)	$0	$0

990-PF

Filed on Nov. 15, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$549,516

Expenses

$1,135,843

Net Income

-$586,327

Net Assets

$69,213,355

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,500	0.5%
Interest Revenue	$0
Dividends	$157,105	28.6%
Sales of Assets	$319,110	58.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$937,890	82.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$69,213,355
Total Liabilities	$0
Net Assets	$69,213,355

Compensation

Key Employees and Officers	Compensation	Other
Rodolfo Ciccarello (President)	$0	$0
Thomas Magoulis (Executive)	$0	$0

990-PF

Filed on Nov. 5, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$2,924,022

Expenses

$257,289

Net Income

$2,666,733

Net Assets

$68,795,969

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,000,000	34.2%
Interest Revenue	$0
Dividends	$233,359	8.0%
Sales of Assets	$1,673,033	57.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$130,127	50.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$68,795,969
Total Liabilities	$0
Net Assets	$68,795,969

Compensation

Key Employees and Officers	Compensation	Other
Rodolfo Ciccarello (President)	$0	$0
Jeffrey Sicilio (Director Cis)	$0	$0
Tom Magoulis (Executive)	$0	$0

990-PF

Filed on Oct. 3, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$15,116,776

Expenses

$216,504

Net Income

$14,900,272

Net Assets

$66,129,236

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$13,131,931	86.9%
Interest Revenue	$0
Dividends	$226,154	1.5%
Sales of Assets	$1,801,300	11.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$193,183	89.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$66,129,236
Total Liabilities	$0
Net Assets	$66,129,236

Compensation

Key Employees and Officers	Compensation	Other
Rodolfo Ciccarello (President)	$0	$0
Jeffrey Sicilio (Director Cis)	$0	$0
Tom Magoulis (Executive)	$0	$0

990-PF

Filed on July 22, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$919,796

Expenses

$8,841,093

Net Income

-$7,921,297

Net Assets

$51,228,964

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$570,000	62.0%
Interest Revenue	$0
Dividends	$94,952	10.3%
Sales of Assets	$307,306	33.4%
Other Income	-$33,191

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$8,819,313	99.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$51,228,964
Total Liabilities	$0
Net Assets	$51,228,964

Compensation

Key Employees and Officers	Compensation	Other
Rudy Ciccarello (President)	$0	$0
Jeffrey Sicilio (Director Cis)	$0	$0
Tom Magoulis (Executive)	$0	$0
Anne Bomhardt (Finance Director)	$0	$0

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990-PF

Filed on July 30, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$3,994,280

Expenses

$1,288,006

Net Income

$2,706,274

Net Assets

$59,077,929

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$54,000	1.4%
Interest Revenue	$0
Dividends	$38,072	1.0%
Sales of Assets	$3,672,968	92.0%
Other Income	$1,000	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$169,604	13.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$62,777,929
Total Liabilities	$3,700,000
Net Assets	$59,077,929

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2012

Revenue

$2,264,644

Expenses

$95,670

Net Income

$2,168,974

Net Assets

$54,961,583

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,959,929	86.5%
Interest Revenue	$51	0.0%
Dividends	$88,592	3.9%
Sales of Assets	$0
Other Income	$455	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$198,886	> 100%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$55,014,708
Total Liabilities	$53,125
Net Assets	$54,961,583

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2011

Revenue

$4,707,759

Expenses

$752,400

Net Income

$3,955,359

Net Assets

$47,417,839

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,686,900	35.8%
Interest Revenue	$821	0.0%
Dividends	$166,500	3.5%
Sales of Assets	$2,417,483	51.4%
Other Income	$728	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$164,386	21.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$56,004,793
Total Liabilities	$8,586,954
Net Assets	$47,417,839

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Two Red Roses Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $1.93M (2024)

Expenses $228k (2024)

Total Assets $97.7M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$1.93M (2024)

Expenses

$228k (2024)

Total Assets

$97.7M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004