George & Dale Cavalletto Charities Tr
- Assets
- $26.1m
- Revenue
- $914.3k
- Investments
- $25.9m
- Employees
- 0
- Location
- Santa Barbara, CA
- Founding
- 12/2007
- Data as of
- 12/2023
- EIN
- 77-6192290
Organization Overview
George & Dale Cavalletto Charities Tr is located in Santa Barbara, CA. The organization was established in 2007. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. George & Dale Cavalletto Charities Tr 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, George & Dale Cavalletto Charities Tr generated $914.3k 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 (4.0%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, George & Dale Cavalletto Charities Tr has awarded 27 individual grants totaling $11,965,000. 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 |
|---|---|---|---|
Valerie J Fuette Trustee | 1 | $30,000 | |
Daniel R Cavalletto Trustee | 1 | $30,000 | |
Joseph F Green Trustee | 1 | $30,000 | |
David V Larson Trustee | 1 | $30,000 | |
Dennis W Reilly Trustee | 1 | $30,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $804,519 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $109,789 |
| Capital Gain Net Income | $109,789 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $914,308 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $150,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,242 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,136 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $250,191 |
| Contributions, gifts, grants paid | $1,200,000 |
| Total expenses and disbursements | $1,450,191 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $199,822 |
| 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 | $26,063,582 |
| 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, George & Dale Cavalletto Charities Tr has awarded $1,200,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
COTTAGE HEALTH SYSTEM PURPOSE: HEALTH CARE | $150,000 |
SANTA BARBARA FOUNDATION PURPOSE: EDUCATION | $200,000 |
SCHOLARSHIP FOUNDATION OF SANTA BARBARA PURPOSE: EDUCATION | $850,000 |