Correia Family Foundation
- Assets
- $333.1k
- Revenue
- $62.1k
- Investments
- $273.4k
- Employees
- 0
- Location
- Visalia, CA
- Founding
- 04/2017
- Data as of
- 12/2022
- EIN
- 81-0781112
Organization Overview
Correia Family Foundation is located in Visalia, CA. The organization was established in 2017. 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. Correia 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 12/2022, Correia Family Foundation generated $62.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.8%) each year. All expenses for the organization totaled $32.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (16.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Correia Family Foundation has awarded 103 individual grants totaling $342,315. 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 |
|---|---|---|---|
Mary A Correia Pres. & CEO | 0 | $0 | |
Tony F Correia Vice Pres. | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $460 |
| Dividends & Interest | $6,918 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,769 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $62,147 |
| 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 | $605 |
| Total operating and administrative expenses | $8,508 |
| Contributions, gifts, grants paid | $23,940 |
| Total expenses and disbursements | $32,448 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,238 |
| Savings and temporary cash investments | $7,489 |
| 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 | $30 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $333,135 |
| 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, Correia Family Foundation has awarded $23,940 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
VISALIA COMMUNITY ROTARY FOUNDATION PURPOSE: FOR ASSISTANCE TO COMMUNITY PROGRAMS | $2,000 |
CENTRAL VALLEY CHRISTIAN PURPOSE: FOR ASSISTANCE IN EDUCATION GRADES K-12 | $10,000 |
TULARE COUNTY FAIR FOUNDATION PURPOSE: FOR THE PROMOTION OF EDUCATION IN AGRICULTURE | $1,000 |
SAMARITAN CENTER PURPOSE: PROVIDE SUPPORT TO END POVERTY IN TULARE COUNTY | $5,000 |
NATIONAL ALLIANCE ON MENTAL ILLNESS PURPOSE: TO BUILD BETTER LIVES FOR PEOPLE WITH MENTAL ILLNESS | $1,000 |
HUME LAKE CHRISTIAN CAMPS PURPOSE: PROVIDES CLOTHING AND HEALTH PRODUCTS FOR CHILD ATTENDEES | $2,940 |