Mozilo Family Foundation
- Assets
- $19.3m
- Revenue
- $563.5k
- Investments
- $19.2m
- Employees
- 0
- Location
- Santa Barbara, CA
- Founding
- 03/1997
- Data as of
- 12/2023
- EIN
- 95-4617492
Organization Overview
Mozilo Family Foundation is located in Santa Barbara, CA. The organization was established in 1997. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Mozilo 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 12/2023, Mozilo Family Foundation generated $563.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (36.2%) each year. All expenses for the organization totaled $820.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Mozilo Family Foundation has awarded 67 individual grants totaling $7,149,059. 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
PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT BY CONTRIBUTIONS, OTHER CHARITABLE ORGANIZATIONS EXEMPT UNDER INTERNAL REVENUE CODE SECTION 501(C)(3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christy Mozilo Larsen President | 10 | $0 | |
David Kim Mozilo Secretary | 1 | $0 | |
Eric Ralph Mozilo Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $866,410 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$302,894 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $563,516 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,993 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $156 |
| Total operating and administrative expenses | $21,977 |
| Contributions, gifts, grants paid | $798,035 |
| Total expenses and disbursements | $820,012 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $89,346 |
| 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 | $4,646,804 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $19,272,090 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $258 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $258 |
Grants Awarded
Over the last fiscal year, Mozilo Family Foundation has awarded $798,035 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S HOSPITAL LOS ANGELES PURPOSE: UNRESTRICTED | $100,000 |
FLINTRIDGE SACRED HEART ACADEMY PURPOSE: UNRESTRICTED | $300,000 |
GONZAGA UNIVERSITY PURPOSE: UNRESTRICTED | $106,035 |
HOLY FAMILY SERVICES PURPOSE: UNRESTRICTED | $10,000 |
MOUNT ST MICHAELS ACADEMY PURPOSE: UNRESTRICTED | $50,000 |
SANTA TERESITA PURPOSE: UNRESTRICTED | $20,000 |