Larosas Family Foundation
- Assets
- $189.4k
- Revenue
- $218.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 03/2019
- Data as of
- 12/2023
- EIN
- 82-4508894
Organization Overview
Larosas Family Foundation is located in Cincinnati, OH. The organization was established in 2019. 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. Larosas 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, Larosas Family Foundation generated $218.0k in total revenue. All expenses for the organization totaled $173.5k during the year ending 12/2023. While expenses have increased by 103.5% per year over the past 5 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 2020, Larosas Family Foundation has awarded 13 individual grants totaling $286,000. 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 |
|---|---|---|---|
Nicholas Larosa Director | 0.1 | $0 | |
Mark Larosa President | 0.1 | $0 | |
Michael Larosa Secretary | 0.1 | $0 | |
Christina Larosa Director | 1 | $0 | |
Suzie Pfeiffer Treasurer | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $218,049 |
| Interest on Savings | $0 |
| 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 | $218,049 |
| 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 | $1,000 |
| Contributions, gifts, grants paid | $172,500 |
| Total expenses and disbursements | $173,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $189,433 |
| 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 | $189,433 |
| 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, Larosas Family Foundation has awarded $172,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CINCINNATI GOLDEN GLOVES FOR YOUTH PURPOSE: SUPPORT FOR AT-RISK INNER CITY YOUTH. | $140,000 |
MOUNT ST JOSEPH PROJECT READY PURPOSE: YOUTH DEVELOPMENT | $5,000 |
SAINT URSULA ACADEMY PURPOSE: YOUTH DEVELOPMENT | $2,500 |
THE BRIDGE ADAPTIVE SPORTS AND RECREATION PURPOSE: FURTHER THE ORGANIZATIONS PURPOSE OF INCREASING AWARENESS AND PROMOTING OPPORTUNITIES FOR INDIVIUDALS TO PARTICIPATE IN ADAPTIVE SPORTS AND RECREATION. | $5,000 |
FREESTORE FOOD BANK PURPOSE: SUMMER YOUTH PROGRAM | $20,000 |