Louis & Kathleen Ventura Family Foundation
- Assets
- $1.7m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 09/2016
- Data as of
- 12/2023
- EIN
- 81-2350106
Organization Overview
Louis & Kathleen Ventura Family Foundation is located in Wilmington, DE. The organization was established in 2016. 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. Louis & Kathleen Ventura 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 12/2023, Louis & Kathleen Ventura Family Foundation generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 58.7% each year . All expenses for the organization totaled $85.7k during the year ending 12/2023. While expenses have increased by 23.9% per year over the past 7 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 2017, Louis & Kathleen Ventura Family Foundation has awarded 74 individual grants totaling $305,000. 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 |
|---|---|---|---|
Joe Cooper Dir | 1 | $0 | |
Robert Morgan Dir | 1 | $0 | |
Kathleen Ventura Dir, Sec, Treas | 1 | $0 | |
Louis Ventura Dir, Pres | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,650,000 |
| Interest on Savings | $150 |
| 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 | $1,650,150 |
| 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 | $57,675 |
| Total operating and administrative expenses | $57,675 |
| Contributions, gifts, grants paid | $28,000 |
| Total expenses and disbursements | $85,675 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,658,259 |
| 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 | $1,658,259 |
| 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, Louis & Kathleen Ventura Family Foundation has awarded $28,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
MOTHERS HELPERS INC PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
SANTA BARBARA POLICE ACTIVITIES LEAGUE PURPOSE: GENERAL & UNRESTRICTED | $4,000 |
SAINT THERESE CLASSICAL ACADEMY PURPOSE: GENERAL & UNRESTRICTED | $7,500 |
ST MARKS UNIVERSITY PURPOSE: BUILDING MAINTENANCE FUND | $7,500 |
ST VINCENTS INSTITUTION PURPOSE: GENERAL & UNRESTRICTED | $4,000 |