The Caesars Foundation
- Assets
- $826.8k
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 12/2002
- Data as of
- 12/2022
- EIN
- 74-3050638
Organization Overview
The Caesars Foundation is located in Las Vegas, NV. The organization was established in 2002. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Caesars 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, Caesars Foundation generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 23.9% each year . All expenses for the organization totaled $3.4m during the year ending 12/2022. While expenses have increased by 15.1% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Caesars Foundation has awarded 64 individual grants totaling $1,485,500. 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
THE FOUNDATION GENERALLY DOES NOT ENGAGE IN ANY DIRECT CHARITABLE ACTIVITIES. RATHER, IT USES ITS FUNDS TO PROVIDE FINANCIAL ASSISTANCE TO CHARITIES CHOSEN BY ITS DIRECTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony L Carano Chairman | 2 | $0 | |
Dan Nita Trustee | 2 | $0 | |
Stephanie Lepori Vice Chairman | 2 | $0 | |
Barron Fuller Trustee | 2 | $0 | |
Jonathan Jones Trustee | 2 | $0 | |
Martha Morales Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,036,101 |
| Interest on Savings | $0 |
| 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 | $3,036,101 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,025 |
| Total operating and administrative expenses | $9,025 |
| Contributions, gifts, grants paid | $3,436,231 |
| Total expenses and disbursements | $3,445,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $826,760 |
| 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 | $826,760 |
| 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, The Caesars Foundation has awarded $1,485,500 in support to 64 organizations.
| Grant Recipient | Amount |
|---|---|
CLEAN THE WORLD PURPOSE: PROGRAM SUPPORT | $150,000 |
WBENC SOUTHERN ECONOMIC TOUR PURPOSE: PROGRAM SUPPORT | $140,000 |
LEGAL AID OF SOUTHERN NEVADA PURPOSE: EVENT SUPPORT | $125,000 |
GOVERNORS FUND PURPOSE: PROGRAM SUPPORT | $125,000 |
PUBLIC EDUCATION FOUNDATION PURPOSE: PROGRAM SUPPORT | $100,000 |
CENTER OF RESPONSIBLE GAMING PURPOSE: PROGRAM SUPPORT | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Leonard And Sophie Davis Fund San Francisco, CA | $227,558,478 | $35,284,803 |
Micron Technology Foundation Inc Boise, ID | $125,043,825 | $15,658,941 |
Ray And Dagmar Dolby Family Fund San Francisco, CA | $0 | $8,022,175 |
Kalmanovitz Charitable Foundation Mill Valley, CA | $9,993,294 | $9,957,898 |
Mufg Union Bank Foundation Ag Phoenix, AZ | $2,989,069 | $8,302,055 |
Fenwick Community Fund Mountain View, CA | $8,526,987 | $12,836,931 |
Colburn Music Fund Los Angeles, CA | $0 | $7,150,369 |
Marks Family Foundation Redwood City, CA | $49,983,289 | $16,693,138 |
Herbalife Nutrtion Foundation Los Angeles, CA | $22,239,401 | $8,092,128 |
Kla-Tencor Foundation Milpitas, CA | $26,702,881 | $5,233,772 |
Walter J & Betty C Zable Foundation San Diego, CA | $89,922,595 | $8,940,204 |
In-N-Out Burgers Foundation Irvine, CA | $42,997,314 | $8,211,700 |