Caruso Family Foundation Inc
- Assets
- $286.8k
- Revenue
- $132.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Warren, NJ
- Founding
- 05/2016
- Data as of
- 12/2023
- EIN
- 47-5112316
Organization Overview
Caruso Family Foundation Inc is located in Warren, NJ. The organization was established in 2016. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Caruso Family Foundation Inc 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, Caruso Family Foundation Inc generated $132.2k in total revenue. All expenses for the organization totaled $112.2k during the year ending 12/2023.
Since 2017, Caruso Family Foundation Inc has awarded 17 individual grants totaling $228,700. 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 |
|---|---|---|---|
Anthony Caruso Jr Trustee | 1 | $0 | |
Anthony Caruso Sr Trustee | 1 | $0 | |
Cynthia Caruso Trustee | 1 | $0 | |
Domenick Caruso Trustee | 1 | $0 | |
Michael Caruso Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $142,500 |
| Interest on Savings | $1,179 |
| Dividends & Interest | $5,596 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$17,068 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $132,207 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $37 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,146 |
| Total operating and administrative expenses | $2,183 |
| Contributions, gifts, grants paid | $110,000 |
| Total expenses and disbursements | $112,183 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $286,792 |
| 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 | $0 |
| Total assets | $286,792 |
| 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, Caruso Family Foundation Inc has awarded $110,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUB PATERSON PURPOSE: UNRESTRICTED SUPPORT OF ORGANIZATION'S TAX EXEMPT PURPOSE | $10,000 |
FOUNDATION FOR MORRISTOWN MEDICAL CENTER PURPOSE: UNRESTRICTED SUPPORT OF ORGANIZATION'S TAX EXEMPT PURPOSE | $75,000 |
ST JUDE CHILDERN'S RESEARCH HOSPITAL PURPOSE: UNRESTRICTED SUPPORT OF ORGANIZATION'S TAX EXEMPT PURPOSE | $25,000 |