Turano Foundation
- Assets
- $4.5m
- Revenue
- $528.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Berwyn, IL
- Founding
- 04/1998
- Data as of
- 12/2022
- EIN
- 36-4133403
Organization Overview
Turano Foundation is located in Berwyn, IL. The organization was established in 1998. 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. Turano 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 12/2022, Turano Foundation generated $528.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $260.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Turano Foundation has awarded 370 individual grants totaling $1,341,600. 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
DONATIONS TO CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Turano Solano President/se | 0 | $0 | |
William Carlson Director | 0 | $0 | |
Maria Cosentino Director | 0 | $0 | |
Robert Lewis Director | 0 | $0 | |
Salvatore Scambiatterra Director | 0 | $0 | |
Angelina Sorrentino Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500,000 |
| Interest on Savings | $28,637 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $528,637 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $197 |
| Total operating and administrative expenses | $3,952 |
| Contributions, gifts, grants paid | $256,784 |
| Total expenses and disbursements | $260,736 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,477,063 |
| 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 | $4,477,063 |
| 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, Turano Foundation has awarded $256,784 in support to 66 organizations.
| Grant Recipient | Amount |
|---|---|
BLESSINGS IN A BACKPACK PURPOSE: CHARITY | $3,500 |
CASA ITALIA PURPOSE: CHARITY | $5,000 |
CESARE BATTISTI LODGE 27 PURPOSE: CHARITY | $2,500 |
CATHOLIC CHARITIES PURPOSE: CHARITY | $2,500 |
CHICAGO KENT COLLEGE OF LAW PURPOSE: CHARITY | $10,000 |
CHRISTIAN BROTHERS OF THE PURPOSE: CHARITY | $3,500 |