Grant Cardone Foundation Inc
- Assets
- $5.9m
- Revenue
- $846.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Aventura, FL
- Founding
- 08/2018
- Data as of
- 12/2022
- EIN
- 82-3244679
Organization Overview
Grant Cardone Foundation Inc is located in Aventura, FL. The organization was established in 2018. According to its NTEE Classification (P51) the organization is classified as: Financial Counseling, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grant Cardone Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MENTORING AND FINANCIAL LITERACY EDUCATION, ESPECIALLY SERVING THE UNDERPRIVILEGED, AT-RISK POPULATION, AND THE ECONOMICALLY DISADVANTAGED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS WERE MADE TO MULTIPLE EXEMPT ORGANIZATIONS WITH MISSIONS RELATED TO CARE AND DEVELOPMENT OF CHILDREN INCLDING FOSTER CHILDREN.THE ORGANIZATION ALSO PAID RENTS FOR TEMPORARY HOUSING FOR INDIVIDUALS WHO LOST THEIR HOMES DUE TO THE COLLAPSE OF THIER BUILDING.
THE ORGANIZATION CONTINUED ITS 10X HUB PROJECT IN SOUTH AFRICA. THE PROJECT HELPED TO DEVELOP NEW BUSINESSES AND TRAIN ENTREPRENEURS. IT ALSO SERVES AS A MENTORSHIP HUB FOR ADOLESCENTS WITHOUT FATHERS IN AN AREA THAT HAS A HIGH PERCENTAGE OF CHILDREN GROWING UP WITHOUT A FATHER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Grant Cardone Director | OfficerTrustee | 10 | $0 |
Jarrod Glandt President/director | OfficerTrustee | 2 | $0 |
Elena Cardone Vp/director | OfficerTrustee | 2 | $0 |
Sheri Hamilton Secretary/director | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $826,751 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $826,751 |
| Total Program Service Revenue | $0 |
| Investment income | $19,750 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $846,501 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $137,223 |
| Grants and other assistance to domestic individuals. | $5,703 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $142,053 |
| Pension plan accruals and contributions | $3,185 |
| Other employee benefits | $0 |
| Payroll taxes | $31,453 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,636 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $57,489 |
| Advertising and promotion | $1,000 |
| Office expenses | $2,965 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,560 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $486,568 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,000,152 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $719,254 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,145,685 |
| Total assets | $5,865,091 |
| Accounts payable and accrued expenses | $27,742 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $27,742 |
| Net assets without donor restrictions | $5,837,349 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,865,091 |
Grants Awarded
Over the last fiscal year, Grant Cardone Foundation Inc has awarded $142,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
BIG BROTHERS BIG SISTERS PURPOSE: SUPPORT FOR CHILDREN | $10,000 |
BOYS & GIRLS CLUBS OF BROWARD COUNTY PURPOSE: SUPPORT FOR CHILDREN | $10,000 |
BREAD OF LIFE PURPOSE: FOOD FOR THE HUNGRY | $7,000 |
I LOVE MY ISLAND PURPOSE: OPERATION EAGLE WINGS | $100,000 |
SHE READY FOUNDATION PURPOSE: CARE OF FOSTER CHILDREN | $15,000 |