Caruso Family Foundation
- Assets
- $317.3k
- Revenue
- $3.5m
- Investments
- $83.2k
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 09/1991
- Data as of
- 12/2021
- EIN
- 95-4317077
Organization Overview
Caruso Family Foundation is located in Los Angeles, CA. The organization was established in 1991. 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. Caruso 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 12/2021, Caruso Family Foundation generated $3.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $5.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Caruso Family Foundation has awarded 128 individual grants totaling $19,919,945. 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 |
|---|---|---|---|
Rick J Caruso President/trustee | 0 | $0 | |
Christina J Caruso Vice President/trustee | 0 | $0 | |
Marc A Caruso Vice President/trustee | 0 | $0 | |
Tina P Caruso Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,442,687 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,570 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,042,022 |
| Capital Gain Net Income | $1,956,432 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,488,279 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $282 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,000 |
| Total operating and administrative expenses | $24,424 |
| Contributions, gifts, grants paid | $5,030,260 |
| Total expenses and disbursements | $5,054,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $194,192 |
| Savings and temporary cash investments | $39,917 |
| 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 | $317,336 |
| Accounts payable and accrued expenses | $143 |
| 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 | $143 |
Grants Awarded
Over the last fiscal year, Caruso Family Foundation has awarded $5,030,260 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
Malibu, CA PURPOSE: TO AID THE HIGHEST STANDARDS OF ACADEMIC EXCELLENCE AND CHRISTIAN VALUES | $2,000,000 |
LOYOLA HIGH SCHOOL PURPOSE: SUPPORT LOCAL EDUCATION | $800,000 |
Los Angeles, CA PURPOSE: SUPPORT LOCAL EDUCATION | $626,794 |
Los Angeles, CA PURPOSE: EMPOWER UNDERSERVED YOUTH TO BECOME EDUCATED AND REACH THEIR FULL POTENTIAL | $365,000 |
CATHOLIC EDUCATION FOUNDATION PURPOSE: TO ENCOURAGE COMMUNITY AND FAITH BUILDING | $285,716 |
PARA LOS NINOS PURPOSE: FOSTER PATHWAY TO SUCCESS THROUGH EXCELLENCE IN EDUCATION & STRONG COMMUNITIES FOR CHILDREN | $250,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Caruso Family Foundation has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Nailba Charitable Foundation Fairfax, VA PURPOSE: Assist programs in the communities | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mimi And Peter Haas Fund San Francisco, CA | $0 | $22,825,724 |
William K Bowes Jr Foundation San Francisco, CA | $0 | $15,233,813 |
Collins Foundation Portland, OR | $249,591,840 | $5,256,313 |
Walter And Elise Haas Fund San Francisco, CA | $290,773,419 | $45,613,238 |
Lisa And Douglas Goldman Fund San Francisco, CA | $314,443,125 | $25,968,602 |
Wood-Claeyssens Foundation Santa Barbara, CA | $112,450,224 | $19,490,467 |
The Saban Family Foundation Los Angeles, CA | $4,126,107 | $4,076,196 |
Freeport-Mcmoran Copper & Gold Foundation Phoenix, AZ | $2,326,146 | $18,600,000 |
California Winegrowers Foundation Napa, CA | $3,681,527 | $16,676,626 |
Multi-Union Security Trust Fund Glendale, CA | $14,944,884 | $16,888,135 |
Helen And Wil Webster Foundation Arcadia, CA | $240,695,845 | $9,736,121 |
Dart-L Foundation Los Angeles, CA | $255,386,011 | $40,281,490 |