Cortopassi Family Foundation
- Assets
- $57.1m
- Revenue
- $46.0m
- Investments
- $11.4k
- Employees
- 0
- Location
- Stockton, CA
- Founding
- 02/1992
- Data as of
- 12/2022
- EIN
- 68-0232655
Organization Overview
Cortopassi Family Foundation is located in Stockton, CA. The organization was established in 1992. 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. Cortopassi 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.
Since 2015, Cortopassi Family Foundation has awarded 1,151 individual grants totaling $15,213,773. 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 |
|---|---|---|---|
Dean Cortopassi Trustee (thru 2/22) | 1 | $0 | |
Joan Cortopassi Trustee | 1 | $0 | |
Donald Lenz Sec/treas | 1 | $0 | |
Katherine Whitlow Trustee | 1 | $4,050 | |
Rebecca Carlson Trustee | 1 | $3,375 | |
Carla Donaldson Trustee | 1 | $4,050 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
San Tomo Inc | 12/30/16 | $449,884 |
Malcoun And Associates | 12/30/16 | $78,856 |
San Tomo Inc | 12/30/16 | $449,884 |
Malcoun And Associates | 12/30/16 | $78,856 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $46,013,667 |
| Interest on Savings | $35,206 |
| 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 | $46,048,873 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $24,300 |
| Other employee salaries and wages | $101,990 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,895 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,725 |
| Total operating and administrative expenses | $210,165 |
| Contributions, gifts, grants paid | $866,000 |
| Total expenses and disbursements | $1,076,165 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $56,539,007 |
| 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 | $350,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $239,955 |
| Total assets | $57,140,335 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $40,000 |
| 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 | $40,000 |
Grants Awarded
Over the last fiscal year, Cortopassi Family Foundation has awarded $866,000 in support to 89 organizations.
| Grant Recipient | Amount |
|---|---|
1984 GRUPE FAIR FUND PURPOSE: CHARITABLE | $25,000 |
AMERICAN CANCER SOCIETY PURPOSE: CHARITABLE | $1,000 |
AHA FOUNDATION PURPOSE: CHARITABLE | $10,000 |
AMVETS CALIFORNIA CHARITIES PURPOSE: CHARITABLE | $1,000 |
ASSISTANCE LEAGUE OF STOCKTON PURPOSE: CHARITABLE | $1,000 |
AMERICAN WOMEN ARTISTS PURPOSE: CHARITABLE | $1,000 |