Laurenti Family Charitable Tr
- Assets
- $852.0k
- Revenue
- $49.7k
- Investments
- $813.1k
- Employees
- 0
- Location
- Sarasota, FL
- Founding
- 05/2000
- Data as of
- 12/2022
- EIN
- 22-3697005
Organization Overview
Laurenti Family Charitable Tr is located in Sarasota, FL. The organization was established in 2000. 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. Laurenti Family Charitable Tr 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, Laurenti Family Charitable Tr generated $49.7k 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 (6.6%) each year. All expenses for the organization totaled $55.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Laurenti Family Charitable Tr has awarded 206 individual grants totaling $462,287. 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
BONEFISH & TARPOON TRUST - TO CONSERVE AND RESTORE BONEFISH, TARPON AND PERMIT FISHERIES AND HABITATS THROUGH RESEARCH, STEWARDSHIP, EDUCATION AND ADVOCACY.
MOTE MARINE LABORATORY - ADVANCING THE SCIENCE OF THE SEA THROUGH RESEARCH, EDUCATION AND OUTREACH.
SARASOTA MEMORIAL HEALTH CARE FOUNDATION INC - TO IMPROVE THE QUALITY AND DELIVERY OFF HEALTHCARE FOR THE SARASOTA AREA THROUGH AQUISITION AND USE OF PHILANTHROPIC FUNDS.
GUIDE DOG FOUNDATION - TO IMPROVE THE QUALITY OF LIFE FOR PEOPLE WHO ARE BLIND, HAVE LOW VISION, OR HAVE OTHER SPECIAL NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurence R Laurenti Jr Trustee | 0 | $0 | |
Brian Laurenti Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $27,564 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,143 |
| Capital Gain Net Income | $22,147 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $49,707 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $670 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $300 |
| Total operating and administrative expenses | $5,099 |
| Contributions, gifts, grants paid | $50,075 |
| Total expenses and disbursements | $55,174 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,425 |
| Savings and temporary cash investments | $25,445 |
| 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 | $90,376 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $851,995 |
| 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, Laurenti Family Charitable Tr has awarded $50,075 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
MOTE MARINE LABORATORY PURPOSE: GENERAL FUND | $5,000 |
ST JUDES' CHILDRENS RESEARCH CENTER PURPOSE: GENERAL FUND | $1,000 |
BONEFISH & TARPON TRUST PURPOSE: GENERAL FUND | $5,000 |
GUIDE DOG FOUNDATION PURPOSE: GENERAL FUND | $6,000 |
MERCER COUNTY POLICE & FIREMAN FOUNDATION PURPOSE: GENERAL FUND | $2,500 |
VAN WEZEL FOUNDATION INC PURPOSE: GENERAL FUND | $5,000 |