Drago Foundation
- Assets
- $49.1k
- Revenue
- $205.0
- Investments
- $0.0
- Employees
- 0
- Location
- Metairie, LA
- Founding
- 11/2005
- Data as of
- 12/2022
- EIN
- 20-3471145
Organization Overview
Drago Foundation is located in Metairie, LA. The organization was established in 2005. According to its NTEE Classification (M20) the organization is classified as: Disaster Preparedness & Relief Services, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Drago Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Drago Foundation generated $205.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (39.4%) each year. All expenses for the organization totaled $48.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Drago Foundation has awarded 36 individual grants totaling $302,602. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE CHRISTIAN BROTHER'S SCHOOL WITH FUNDS TO SUPPORT SCHOLARSHIP PROGRAM.
TO PROVIDE MOUNT CARMEL ACADEMY WITH FUNDS TO SUPPORT THE EDUCATION AND DEVELOPMENT OF YOUNG GIRLS THROUGH THE CATHOLIC FORMATION.
TO PROVIDE JESUIT HIGH SCHOOL WITH FUNDS TO SUPPORT THE EDUCATION AND DEVELOPMENT OF YOUNG MEN THROUGH THE CATHOLIC FORMATION.
TO PROVIDE CATHOLIC CHARITIES WITH FUNDS TO HELP PROVIDE SERVICES TO PEOPLE IN NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tommy Cvitanovich President & Director | 3 | $0 | |
Gerald Cvitanovich Vice President | 1 | $0 | |
Klara Cvitanovich Secretary/treasurer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $200 |
| Interest on Savings | $5 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $205 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $24 |
| Total operating and administrative expenses | $24 |
| Contributions, gifts, grants paid | $48,400 |
| Total expenses and disbursements | $48,424 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,149 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $49,149 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $840 |
| Total liabilities | $840 |
Grants Awarded
Over the last fiscal year, Drago Foundation has awarded $48,400 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
AL COPELAND FOUDATION PURPOSE: TO PROVIDE SUPPORT FOR CANCER RESEARCH. | $2,500 |
CATHOLIC COMMUNITY FOUNDATION PURPOSE: TO PROVIDE SUPPORT TO THE CATHOLIC COMMUNITY. | $10,000 |
LOUISIANA HOSPITALITY FOUNDATION PURPOSE: TO HELP PROVIDE SUPPORT IN ORDER TO STRENGTHEN LOUISIANA'S HOSPITALITY INDUSTRY THROUGH SUPPORT OF INDIVIDUAL WITHIN THE COMMUNITY. | $5,400 |
CHRISTIAN BROTHERS SCHOOL PURPOSE: TO HELP PROVIDE SUPPORT FOR STUDENTS WHOSE FAMILY CAN NOT AFFORD TUITION PAYMENTS. | $20,000 |
OCHSNER CLINIC FOUNDATION PURPOSE: TO PROVIDE SUPPORT IN ORDER TO SECURE AND MANAGE PHILANTHROPIC RESOURCES TO SUPPORT THE MISSION TO SERVE, HEAL, LEAD, EDUCATE & INNOVATE. | $5,000 |
ST CLAIRE CHURCH PURPOSE: TO HELP PROVIDE SUPPORT FOR THE ST. CLARE MONASTERY IN NEW ORLEANS, LA. | $3,000 |