Foundation Of Carlo Inc
- Assets
- $1.8m
- Revenue
- $360.8k
- Investments
- $737.5k
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 02/2008
- Data as of
- 12/2022
- EIN
- 20-8875029
Organization Overview
Foundation Of Carlo Inc is located in Albuquerque, NM. The organization was established in 2008. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Foundation Of Carlo Inc 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, Foundation Of Carlo Inc generated $360.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.8% each year . All expenses for the organization totaled $102.2k during the year ending 12/2022. While expenses have increased by 21.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Foundation Of Carlo Inc has awarded 34 individual grants totaling $396,500. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victor J Bachechi Director, President | 1 | $0 | |
Roberto Fiorvento Director, Vice President | 1 | $0 | |
Karl W Gustafson Director, Secretary/treasu | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $340,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,788 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,995 |
| Capital Gain Net Income | $12,995 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $360,783 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,164 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $2,179 |
| Contributions, gifts, grants paid | $100,000 |
| Total expenses and disbursements | $102,179 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,092,773 |
| 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 | $737,480 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,830,253 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Foundation Of Carlo Inc has awarded $100,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC CHARITIES PURPOSE: TO IMPROVE THE LIVES OF THE NEEDY, FIGHT POVERTY,AND BUILD COMMUNITY. | $10,000 |
HEADING HOME-CITY OF ALBUQUERQUE PURPOSE: TO PROVDIE EMERGENCY HOUSING, TRANSITIONAL SERVICES, AND PERMANENT HOUSING TO MAKE HOMELESSNESS RARE, SHORT LIVED, AND NONRECURRING. | $12,982 |
HOUSTON FOOD BANK PURPOSE: TO DISTRIBUTE FOOD AND ADDRESS THE ROOT CAUSES OF HUNGER. | $15,000 |
CARDINAL'S CIRCLE-INNER CITY CATHOLIC SCHOOLS PURPOSE: HELPING PEOPLE IN SOUTHEAST TEXAS BY PROVIDING CARING, COMPASSIONATE SERVICES AND ADVOCATING FOR SOCIAL JUSTICE. | $17,733 |
SISTERS OF CHARITY OUTREACH PURPOSE: TO PROVIDE HOPE, DIGNITY, AND MEANINGFUL ASSISTANCE TO THOSE WHO RECEIVE LITTLE TO NO HELP FROM OTHER SOURCES. | $10,999 |
THE VANCOUVER FOUNDATION PURPOSE: TO SUPPORT INITIATIVES THAT WILL BUILD A LASTING LEGACY OF HEALTHY, VIBRANT, AND LIVABLE COMMUNITIES THROUGHOUT BRITISH COLUMBIA. | $33,286 |