Lucy Perricone Family Foundation
- Assets
- $1.7m
- Revenue
- $226.9k
- Investments
- $1.2m
- Employees
- 0
- Location
- La Quinta, CA
- Founding
- 09/2018
- Data as of
- 11/2023
- EIN
- 82-3656765
Organization Overview
Lucy Perricone Family Foundation is located in La Quinta, CA. The organization was established in 2018. 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. Lucy Perricone 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 11/2023, Lucy Perricone Family Foundation generated $226.9k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $207.3k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Lucy Perricone Family Foundation has awarded 71 individual grants totaling $614,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION WAS FORMED TO SERVE AS A NONOPERATING PRIVATE FOUNDATION, MAKING QUALIFYING DISTRIBUTIONS TO PUBLIC CHARITIES AND OTHER ENTITIES EXEMPT UNDER INTERNAL REVENUE CODE SECION 501(C)(3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lucy Perricone President | 2 | $0 | |
Judith DE Klotz CFO | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $200,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $56,209 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$29,276 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $226,933 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $583 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,778 |
| Total operating and administrative expenses | $12,291 |
| Contributions, gifts, grants paid | $195,000 |
| Total expenses and disbursements | $207,291 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $446,038 |
| Savings and temporary cash investments | $88,198 |
| 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 | $1,729,028 |
| 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, Lucy Perricone Family Foundation has awarded $195,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
EISENHOWER MEDICAL FOUNDATION PURPOSE: FINANCIAL AID AND ASSISTANCE | $20,000 |
XAVIER COLLEGE PREP PURPOSE: FINANCIAL AID AND ASSISTANCE | $50,000 |
FRANCISCAN RENEWAL CENTER PURPOSE: FINANCIAL AID AND ASSISTANCE | $20,000 |
SACRED HEART SCHOOL PURPOSE: FINANCIAL AID AND ASSISTANCE | $50,000 |
CARMELITE SISTERS OF THE MOST SACRED HEART PURPOSE: FINANCIAL AID AND ASSISTANCE | $5,000 |
ST PETERS CATHOLIC CHURCH PURPOSE: FINANCIAL AID AND ASSISTANCE | $5,000 |