The Tito And Sandra Tiberti Foundation
- Assets
- $2.6m
- Revenue
- $44.0k
- Investments
- $2.5m
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 12/1987
- Data as of
- 12/2023
- EIN
- 88-0224337
Organization Overview
The Tito And Sandra Tiberti Foundation is located in Las Vegas, NV. The organization was established in 1987. 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. Tito And Sandra Tiberti 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, Tito And Sandra Tiberti Foundation generated $44.0k in total revenue. All expenses for the organization totaled $297.1k during the year ending 12/2023. While expenses have increased by 7.3% per year over the past 9 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 2015, Tito And Sandra Tiberti Foundation has awarded 348 individual grants totaling $1,876,050. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE GIVING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Tito Tiberti Trustee | 0 | $0 | |
S Boots Tiberti Trustee | 0 | $0 | |
Michael Leavitt Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $22,882 |
| Dividends & Interest | $18,395 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,757 |
| Capital Gain Net Income | $2,757 |
| Net ST Capital Gain | $2,757 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $44,034 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,547 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $61 |
| Total operating and administrative expenses | $10,244 |
| Contributions, gifts, grants paid | $286,900 |
| Total expenses and disbursements | $297,144 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $124,594 |
| 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 | $21,827 |
| Total assets | $2,645,680 |
| 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 | $5,000 |
| Total liabilities | $5,000 |
Grants Awarded
Over the last fiscal year, The Tito And Sandra Tiberti Foundation has awarded $286,900 in support to 50 organizations.
| Grant Recipient | Amount |
|---|---|
BISHOP GORMAN HIGH SCHOOL PURPOSE: CHARITABLE | $37,500 |
CATHEDRAL OF OUR LADY OF THE ANGELS PURPOSE: CHARITABLE | $3,600 |
BASILICA OF THE NAT'L SHRINE PURPOSE: CHARITABLE | $2,000 |
ST THOMAS AQUINAS CATHOLIC CHUCH OF PURPOSE: CHARITABLE | $5,000 |
CATHOLIC CHARITIES OF SO NEVADA PURPOSE: CHARITABLE | $6,000 |
THE GARRETT MERIWETHER FOUNDATION PURPOSE: CHARITABLE | $2,500 |