Luther Burbank Corporation Foundation
- Assets
- $0.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Santa Rosa, CA
- Founding
- 11/2017
- Data as of
- 12/2023
- EIN
- 82-3293510
Organization Overview
Luther Burbank Corporation Foundation is located in Santa Rosa, CA. The organization was established in 2017. According to its NTEE Classification (M12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Luther Burbank Corporation Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2018, Luther Burbank Corporation Foundation has awarded 64 individual grants totaling $1,769,168. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
MAKING CONTRIBUTIONS FOCUSED ON THE THREE PRIORITY AREAS OF (1) SOCIAL AND HUMAN SERVICES; (2) COMMUNITY DEVELOPMENT; AND (3) EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOCIAL AND HUMAN SERVICES -THE FOUNDATION PROVIDES GRANT REQUESTS TO INDIVIDUALS AND TO SOCIAL AND HUMAN SERVICE ORGANIZATIONS WITHIN LOW-AND MODERATE-INCOME ("LMI") COMMUNITIES TO:- PROVIDE BASIC NEEDS ASSISTANCE- ENSURE ACCESS TO HEALTH AND MENTAL HEALTH PROGRAMS- PROMOTE CHILD AND YOUTH SERVICES
COMMUNITY DEVELOPMENT - THE FOUNDATION PROVIDES GRANT REQUESTS THAT SUPPORT THE IMPROVEMENT OF LMI COMMUNITIES THOUGH PROGRAMS THAT:- CREATE AND SUSTAIN HOUSING - DESIGNATED AS AFFORDABLE AND/OR DEEMED IN FEDERAL DISASTER AREAS- PROMOTE ECONOMIC DEVELOPMENT BY PROVIDING FINANCING FOR SMALL BUSINESS OR FARMS- PROVIDE JOB TRAINING AND WORKFORCE DEVELOPMENT
EDUCATION - THE FOUNDATION PROVIDES GRANT REQUESTS TO SUPPORT ORGANIZATIONS THAT:- PROMOTE ACADEMIC ACHIEVEMENT FOR LMI STUDENTS WITH A PRIORITY EMPHASIS ON K-12- PROVIDE TRAINING FOR TEACHERS AND ADMINISTRATORS WORKING WITH LMI STUDENTS- ENCOURAGE ACCESS TO TECHNICAL, POST-SECONDARY EDUCATION OPPORTUNITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victor S Trione Director | Trustee | 1 | $0 |
Simone Lagomarsino President And CEO | OfficerTrustee | 0.2 | $0 |
Laura Tarantino Treasurer/ceo | OfficerTrustee | 0.2 | $0 |
Greg Smith Secretary | OfficerTrustee | 0.2 | $0 |
Tammy Mahoney Director | Trustee | 3 | $0 |
Kristen Wilbur Director | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $0 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $738,564 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,000 |
| Fees for services: Accounting | $10,348 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $553 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $759,465 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| 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 | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Luther Burbank Corporation Foundation has awarded $601,064 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
WASHINGTON FEDERAL FOUNDATION PURPOSE: FOR COMMUNITY NON-PROFITS | $152,564 |
NEIGHBORHOOD HOUSING SERVICES OF LA PURPOSE: HOMEBUYER ASSISTANCE | $80,000 |
THE LIVING ROOM CENTER PURPOSE: WOMEN/CHILDREN SHELTER | $56,000 |
COMMUNITY ACTION PSHIP SONOMA PURPOSE: FINANCIAL LITERACY PROGRAM | $30,000 |
NEIGHBORWORKS ORANGE COUNTY PURPOSE: HOMEBUYER ASSISTANCE | $51,000 |
COUNCIL ON AGING FOR SENIORS PURPOSE: SENIOR PROGRAMS | $20,000 |