Lawrence P Castellani Family Foundation
- Assets
- $5.6m
- Revenue
- $1.8m
- Investments
- $4.0m
- Employees
- 0
- Location
- Sarasota, FL
- Founding
- 02/1995
- Data as of
- 12/2022
- EIN
- 16-6399132
Organization Overview
Lawrence P Castellani Family Foundation is located in Sarasota, FL. The organization was established in 1995. 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. Lawrence P Castellani 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, Lawrence P Castellani Family Foundation generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.1% each year . All expenses for the organization totaled $419.7k during the year ending 12/2022. While expenses have increased by 0.1% per year over the past 7 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 2016, Lawrence P Castellani Family Foundation has awarded 187 individual grants totaling $3,511,296. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | 0.1 | $30,000 | |
Name Not Listed Trustee | 0.1 | $30,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $17 |
| Dividends & Interest | $6,088 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,760,366 |
| Capital Gain Net Income | $1,760,366 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,232 |
| Total Revenue | $1,767,703 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,115 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19,331 |
| Total operating and administrative expenses | $108,287 |
| Contributions, gifts, grants paid | $311,385 |
| Total expenses and disbursements | $419,672 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,510,561 |
| 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 | $1,958,459 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,552,029 |
| 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, Lawrence P Castellani Family Foundation has awarded $311,385 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
COLGATE UNIVERSITY PURPOSE: ANNUAL FUND SCHOLARSHIP | $5,000 |
FLORIDA STUDIO THEATRE PURPOSE: GENERAL SUPPORT, ARTIST PLAZA PROJECT | $40,000 |
NCIA PURPOSE: FURTHER THE DONEE'S MISSION | $5,000 |
VANWEZEL FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
SAFE PLACE AND RAPE CRISIS CENTER PURPOSE: SUPPORT FOR VICTIMS OF DOMESTIC AND SEXUAL VIOLENCE | $40,800 |
UNIVERSITY OF BUFFALO FOUNDATION PURPOSE: FURTHER THE DONEE'S MISSION | $10,000 |