Lato Family Foundation Inc
- Assets
- $740.8k
- Revenue
- -$31.4k
- Investments
- $668.0k
- Employees
- 0
- Location
- Waukesha, WI
- Founding
- 02/2007
- Data as of
- 12/2022
- EIN
- 20-5677633
Organization Overview
Lato Family Foundation Inc is located in Waukesha, WI. The organization was established in 2007. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lato Family Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Lato Family Foundation Inc has awarded 41 individual grants totaling $263,500. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joan M Lato Pres Treas | 1 | $0 | |
Gary J Lato VP Secr | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $65 |
| Dividends & Interest | $14,406 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$45,857 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$31,386 |
| 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 | $20,550 |
| Total operating and administrative expenses | $20,550 |
| Contributions, gifts, grants paid | $77,500 |
| Total expenses and disbursements | $98,050 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,796 |
| 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 | $740,783 |
| Accounts payable and accrued expenses | $3,844 |
| Grants payable | $27,500 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $31,344 |
Grants Awarded
Over the last fiscal year, Lato Family Foundation Inc has awarded $77,500 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
BROOKLINK INC PURPOSE: OPERATIONS | $5,000 |
CLAPHAM INSTITUTE PURPOSE: OPERATIONS | $5,500 |
FRONTIERS PURPOSE: OPERATIONS | $4,000 |
GLOBAL DEVELOPMENT SERVICES PURPOSE: OPERATIONS | $5,000 |
GLOBAL SCHOLARS PURPOSE: OPERATIONS | $8,500 |
GLOBAL SERVICE NETWORK PURPOSE: OPERATIONS | $4,000 |