Clago Family Foundation Inc
- Assets
- $408.6k
- Revenue
- $65.2k
- Investments
- $408.6k
- Employees
- 0
- Location
- Tarzana, CA
- Founding
- 09/2018
- Data as of
- 12/2023
- EIN
- 82-4356521
Organization Overview
Clago Family Foundation Inc is located in Tarzana, CA. The organization was established in 2018. 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. Clago Family 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.
For the year ending 12/2023, Clago Family Foundation Inc generated $65.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 53.4% each year . All expenses for the organization totaled $19.0k during the year ending 12/2023. While expenses have increased by 63.4% per year over the past 6 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allison B Clago President | 5 | $0 | |
Stephen Loh Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $9,116 |
| Dividends & Interest | $3,633 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,500 |
| Capital Gain Net Income | $2,500 |
| Net ST Capital Gain | $2,500 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $65,249 |
| 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 | $0 |
| Total operating and administrative expenses | $1,700 |
| Contributions, gifts, grants paid | $17,300 |
| Total expenses and disbursements | $19,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $408,556 |
| 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, Clago Family Foundation Inc has awarded $17,300 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CALIFORNIA LUTHERAN UNIVERSITY PURPOSE: EDUCATION | $5,000 |
PROVIDENCE TARZANA FOUNDATION PURPOSE: GENERAL OPERATIONS | $5,000 |
SAINT JOSEPH HOSPITAL PURPOSE: GENERAL OPERATIONS | $5,000 |
CHABAD OF CHATSWORTH PURPOSE: GENERAL | $300 |
LA OPERA PURPOSE: GENERAL | $1,000 |
CA STATE UNIVERSITY AT NORTHRIDGE PURPOSE: GENERAL OPERATIONS | $1,000 |