Turicchi Family Foundation
- Assets
- $1.9m
- Revenue
- $454.6k
- Investments
- $1.2m
- Employees
- 0
- Location
- Pasadena, CA
- Founding
- 05/2011
- Data as of
- 12/2021
- EIN
- 27-4031012
Organization Overview
Turicchi Family Foundation is located in Pasadena, CA. The organization was established in 2011. 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. Turicchi Family 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 12/2021, Turicchi Family Foundation generated $454.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.7%) each year. All expenses for the organization totaled $183.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (26.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Turicchi Family Foundation has awarded 89 individual grants totaling $4,136,900. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Scott Turicchi President, Director | 1 | $0 | |
Lannette Turicchi Treasurer, Secretary, Director | 1 | $0 | |
Joseph Fox Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $454,590 |
| Interest on Savings | $8 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $38 |
| Capital Gain Net Income | $38 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $454,636 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $11,785 |
| Contributions, gifts, grants paid | $171,500 |
| Total expenses and disbursements | $183,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,101 |
| 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 | $700,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $225,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,889,608 |
| 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, Turicchi Family Foundation has awarded $171,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
SEYMOUR INSTITUTE PURPOSE: TO SUPPORT OF THE TENPOINT TRAINING INSTITUTE'S VIOLENCE REDUCTION PROJECT IN PHILADELPHIA | $50,000 |
EPARCHY OF OUR LADY OF LEBANON OF LOS ANGELES PURPOSE: TO SUPPORT THE EDUCATION AND FORMATION OF SEMINARIANS | $40,000 |
THE PONTIFICAL NORTH AMERICAN COLLEGE PURPOSE: TO HELP COVER COVID-19 TESTING COSTS | $25,000 |
AMERICAN LIFE LEAGUE PURPOSE: TO PROMOTE A PRO LIFE AGENDA ON ISSUES OF ABORTION, BIRTH CONTROL AND OTHER RELATED TOPICS | $25,000 |
PONTIFICAL FACULTY OF THE IMMACULATE CONCEPTION PURPOSE: TO SUPPORT TAC SCHOLARSHIP PROGRAM | $20,000 |
JOHN PAUL II PROJECT INC PURPOSE: TO SUPPORT YOUTH EDUCATIONAL PROGRAMS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
W M Keck Foundation Los Angeles, CA | $1,878,594,082 | $132,529,748 |
Conrad Prebys Foundation San Diego, CA | $0 | $206,775,032 |
Jay And Rose Phillips Family Foundation Of California San Francisco, CA | $0 | $58,236 |
Jay And Rose Phillips Family Foundation Of Colorado Redwood City, CA | $0 | -$205,157 |
Henry J Kaiser Family Foundation San Francisco, CA | $1,103,580,994 | $111,004,070 |
The Ahmanson Foundation Beverly Hills, CA | $0 | $54,356,398 |
Charles Huang Foundation Pasadena, CA | $65,868,960 | $116,144,816 |
Weingart Foundation Los Angeles, CA | $0 | $30,569,267 |
Engelstad Fam Foundation Las Vegas, NV | $835,390,513 | $95,367,626 |
Price Philanthropies Foundation La Jolla, CA | $497,968,777 | $37,892,208 |
Kavli Foundation Los Angeles, CA | $672,190,947 | $63,900,227 |
Oprah Winfrey Charitable Foundation Los Angeles, CA | $244,908,730 | $15,499,605 |