Frank & Victoria Fertitta Foundation Ltd
- Assets
- $2.4k
- Revenue
- $152.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 07/1994
- Data as of
- 12/2022
- EIN
- 88-0313659
Organization Overview
Frank & Victoria Fertitta Foundation Ltd is located in Las Vegas, NV. The organization was established in 1994. 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. Frank & Victoria Fertitta Foundation Ltd 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, Frank & Victoria Fertitta Foundation Ltd generated $152.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $168.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Frank & Victoria Fertitta Foundation Ltd has awarded 122 individual grants totaling $5,478,056. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION ACCOMPLISHES ITS CHARITABLE ACTIVITIES BY MAKING CONTRIBUTIONS TO OTHER CHARITABLE ENTITIES. SEE CONTRIBUTION LIST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank J Fertitta III Secretary | 0 | $0 | |
Lorenzo J Fertitta President/treasurer | 0 | $0 | |
Delise F Sartini Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $152,000 |
| Interest on Savings | $53 |
| 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 | $152,053 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $85 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,532 |
| Total operating and administrative expenses | $19,617 |
| Contributions, gifts, grants paid | $148,500 |
| Total expenses and disbursements | $168,117 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,420 |
| 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 | $2,420 |
| 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, Frank & Victoria Fertitta Foundation Ltd has awarded $148,500 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HEART ASSOCIATION PURPOSE: UNRESTRICTED | $75,000 |
ANGEL FLIGHT WEST PURPOSE: UNRESTRICTED | $10,000 |
MIRACLE FLIGHTS FOR KIDS PURPOSE: UNRESTRICTED | $5,000 |
HELP OF SOUTHERN NEVADA PURPOSE: UNRESTRICTED | $10,000 |
NEVADA DIABETES ASSOCIATION PURPOSE: CAMP FOR CHILDREN WITH DIABETES | $15,000 |
FLAVORS FOR LIVE PURPOSE: UNRESTRICTED | $8,500 |