Padron Family Foundation
- Assets
- $8.4m
- Revenue
- $534.8k
- Investments
- $8.0m
- Employees
- 0
- Location
- Miami, FL
- Founding
- 08/2014
- Data as of
- 12/2023
- EIN
- 45-4109827
Organization Overview
Padron Family Foundation is located in Miami, FL. The organization was established in 2014. 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. Padron 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 12/2023, Padron Family Foundation generated $534.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $535.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Padron Family Foundation has awarded 198 individual grants totaling $3,445,440. 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 |
|---|---|---|---|
Jorge L Padron Director | 0 | $0 | |
Elizabeth Padron Director | 0 | $0 | |
Orlando Padron Director | 0 | $0 | |
Lisette Padron-Martinez Director | 0 | $0 | |
Rodolfo Padron Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $108,741 |
| Interest on Savings | $118,263 |
| Dividends & Interest | $154,720 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $153,010 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $98 |
| Total Revenue | $534,832 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,548 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $63,017 |
| Total operating and administrative expenses | $71,415 |
| Contributions, gifts, grants paid | $464,000 |
| Total expenses and disbursements | $535,415 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $345,909 |
| 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 | $404,720 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $45,194 |
| Total assets | $8,360,921 |
| 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 | $61 |
| Total liabilities | $61 |
Grants Awarded
Over the last fiscal year, Padron Family Foundation has awarded $464,000 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
ACSB DE LOS HNOS MAR PURPOSE: GENERAL PURPOSE | $15,000 |
APROQUEN INC PURPOSE: GENERAL PURPOSE | $5,000 |
AMIGOS FOR KIDS PURPOSE: GENERAL PURPOSE | $13,000 |
BIG BROTHERS AND BIG SISTERS OF MIAMI PURPOSE: GENERAL PURPOSE | $15,000 |
CENTRO MATER FOUNDATION INC PURPOSE: GENERAL PURPOSE | $15,000 |
CIGAR FAMILY CHARITABLE FOUNDATION PURPOSE: GENERAL PURPOSE | $7,500 |