Carl Angus Desantis Foundation Inc
- Assets
- $90.1m
- Revenue
- $1.7m
- Investments
- $89.5m
- Employees
- 0
- Location
- Delray Beach, FL
- Founding
- Data as of
- 09/2023
- EIN
- 85-4381562
Organization Overview
Carl Angus Desantis Foundation Inc is located in Delray Beach, FL. 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. Carl Angus Desantis 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 09/2023, Carl Angus Desantis Foundation Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $3.9m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Carl Angus Desantis Foundation Inc has awarded 15 individual grants totaling $4,200,000. 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 |
|---|---|---|---|
William H Milmoe Director | 10 | $0 | |
Carl A Desantis Director | 1 | $0 | |
Jeffery Perlman Director | 10 | $0 | |
Dean Desantis Director | 2 | $0 | |
Deborah Desantis Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $483,245 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,196,383 |
| Capital Gain Net Income | $6,168,874 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,679,628 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $31,383 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $267 |
| Total operating and administrative expenses | $140,550 |
| Contributions, gifts, grants paid | $3,800,000 |
| Total expenses and disbursements | $3,940,550 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $563,781 |
| 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 | $15,692 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $90,101,280 |
| Accounts payable and accrued expenses | $150 |
| 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 | $6,313,675 |
| Total liabilities | $6,313,825 |
Grants Awarded
Over the last fiscal year, Carl Angus Desantis Foundation Inc has awarded $3,800,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
4KIDS OF SOUTH FLORIDA PURPOSE: UNRESTRICTED SUPPORT OF THE ORGANIZATIONS EXEMPT PURPOSE | $200,000 |
ACCR PURPOSE: FRANT | $200,000 |
BOCA RATON COMMUNITY CHURCH INC PURPOSE: UNRESTRICTED SUPPORT OF THE ORGANIZATIONS EXEMPT PURPOSE | $32,500 |
BOUND FOR COLLEGE INC PURPOSE: UNRESTRICTED SUPPORT OF THE ORGANIZATIONS EXEMPT PURPOSE | $75,000 |
DELRAY CITIZENS FOR DELRAY POLICE INC PURPOSE: UNRESTRICTED SUPPORT OF THE ORGANIZATIONS EXEMPT PURPOSE | $32,500 |
EMANUEL JACKSON SR PROJECT INC PURPOSE: UNRESTRICTED SUPPORT OF THE ORGANIZATIONS EXEMPT PURPOSE | $15,000 |