Francis P Torino Foundation
- Assets
- $4.4m
- Revenue
- $207.0k
- Investments
- $3.6m
- Employees
- 0
- Location
- Torrance, CA
- Founding
- 05/1987
- Data as of
- 05/2023
- EIN
- 33-0219408
Organization Overview
Francis P Torino Foundation is located in Torrance, CA. The organization was established in 1987. 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. Francis P Torino 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 05/2023, Francis P Torino Foundation generated $207.0k 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 (3.4%) each year. All expenses for the organization totaled $355.8k during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Francis P Torino Foundation has awarded 127 individual grants totaling $2,706,250. 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 |
|---|---|---|---|
Francesca Deaver Director | 0 | $0 | |
Cole C P Torino Director | 0 | $0 | |
Brett Torino Director | 0 | $0 | |
Kelly Bulgatz CFO | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $55,952 |
| Dividends & Interest | $41,438 |
| Net Rental Income | $142,347 |
| Net Gain on Sale of Assets | -$43,873 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $932 |
| Total Revenue | $207,016 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,304 |
| Total operating and administrative expenses | $55,769 |
| Contributions, gifts, grants paid | $300,000 |
| Total expenses and disbursements | $355,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $157,587 |
| 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 | $645,282 |
| Total assets | $4,419,359 |
| 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, Francis P Torino Foundation has awarded $300,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
CALIFORNIA STATE PARKS FOUNDATION PURPOSE: HUMANITARIAN | $16,000 |
CANCER SUPPORT COMMUNITY SOUTH BAY PURPOSE: MEDICAL/HUMANITARIAN | $8,000 |
CHILDREN'S HOSPITAL OF LOS ANGELES PURPOSE: MEDICAL/HUMANITARIAN | $4,000 |
NEVADA CHILDHOOD CANCER FOUNDATION PURPOSE: MEDICAL/HUMANITARIAN | $100,000 |
RONALD MCDONALD HOUSE OC PURPOSE: HUMANITARIAN | $16,000 |
ORANGE COUNTY ANIMAL ALLIES PURPOSE: HUMANITARIAN | $5,000 |