Spenuzza-Velastegui Family Foundation
- Assets
- $4.8m
- Revenue
- $23.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Monarch Beach, CA
- Founding
- Data as of
- 12/2022
- EIN
- 87-2515474
Organization Overview
Spenuzza-Velastegui Family Foundation is located in Monarch Beach, CA. 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. Spenuzza-Velastegui 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 12/2022, Spenuzza-Velastegui Family Foundation generated $23.1k in total revenue.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Spenuzza Director And President | 1 | $0 | |
Cecilia Spenuzza Director; Secretary; Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $23,051 |
| 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 | $23,051 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,516 |
| Total operating and administrative expenses | $21,173 |
| Contributions, gifts, grants paid | $245,500 |
| Total expenses and disbursements | $266,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,768,201 |
| 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 | $4,768,201 |
| 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, Spenuzza-Velastegui Family Foundation has awarded $245,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ORANGE COUNTY MUSEUM OF ART PURPOSE: SUPPORT PUBLIC ART PROGRAMS. | $120,000 |
SEGERSTROM CENTER FOR THE ARTS PURPOSE: PROVIDE PUBLIC PERFORMING ARTS PORGRAMS. | $90,000 |
DISCOVERY SCIENCE CENTER OF ORANGE COUNTY PURPOSE: PROVIDE SCIENCE PROGRAMS FOR CHILDREN AND PUBLIC. | $11,500 |
MISSION SAN JUAN CAPISTRANO FOUNDATION PURPOSE: TO PRESERVE THE HISTORIC SITE FOR THE PUBLIC. | $14,000 |
SOUTH COAST REPERTORY INC PURPOSE: PROVIDE PUBLIC THEATER PORGRAMS. | $5,000 |
THE NEWPORT BEACH PUBLIC LIBRARY FOUNDATION PURPOSE: PROVIDE PUBLIC LECTURES. | $5,000 |