Alfred And Kathleen Murabito Foundation
- Assets
- $1.4m
- Revenue
- $194.5k
- Investments
- $314.0k
- Employees
- 0
- Location
- Saratoga, CA
- Founding
- 04/2019
- Data as of
- 12/2022
- EIN
- 83-1290855
Organization Overview
Alfred And Kathleen Murabito Foundation is located in Saratoga, CA. The organization was established in 2019. According to its NTEE Classification (T19) the organization is classified as: Support N.E.C., 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. Alfred And Kathleen Murabito 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 12/2022, Alfred And Kathleen Murabito Foundation generated $194.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (32.6%) each year. All expenses for the organization totaled $68.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (26.9%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Alfred And Kathleen Murabito Foundation has awarded 23 individual grants totaling $670,321. 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 |
|---|---|---|---|
Alfred Murabito President An | 0 | $0 | |
Kathleen Murabito Director | 0 | $0 | |
Amanda White Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,179 |
| Dividends & Interest | $38,636 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $150,684 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $194,499 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,106 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $355 |
| Total operating and administrative expenses | $13,056 |
| Contributions, gifts, grants paid | $55,822 |
| Total expenses and disbursements | $68,878 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,019 |
| Savings and temporary cash investments | $821,135 |
| 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 | $225,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $115,297 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,363,124 |
| 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, Alfred And Kathleen Murabito Foundation has awarded $55,822 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ST FRANCIS HOME OF THE FRANCISCAN PURPOSE: PROGRAM SUPPORT | $10,000 |
LIONS WRESTLING PURPOSE: PROGRAM SUPPORT | $5,000 |
CORNERSTONE ATX CHURCH PURPOSE: PROGRAM SUPPORT | $1,000 |
LAKE TRAVIS ATHLETICS PURPOSE: PROGRAM SUPPORT | $2,822 |
TAR HEEL WRESTLING CLUB NC INC PURPOSE: PROGRAM SUPPORT | $10,000 |
BAY AREA DRAGONS WRESTLING CENTER PURPOSE: PROGRAM SUPPORT | $17,000 |