The Roberto Foundation
- Assets
- $65.9m
- Revenue
- $2.5m
- Investments
- $62.2m
- Employees
- 0
- Location
- Newport Beach, CA
- Founding
- 12/2005
- Data as of
- 12/2023
- EIN
- 20-1688777
Organization Overview
The Roberto Foundation is located in Newport Beach, CA. The organization was established in 2005. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Roberto 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, Roberto Foundation generated $2.5m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $4.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Roberto Foundation has awarded 133 individual grants totaling $42,336,740. 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 |
|---|---|---|---|
James F Muzzy Trustee | 1 | $0 | |
Pamela B Muzzy Trustee | 1 | $0 | |
Stephen Muzzy Trustee | 25 | $166,250 | |
Ryan Muzzy Trustee | 1 | $0 | |
Michael Muzzy Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,444,545 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $796,858 |
| Capital Gain Net Income | $920,328 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $218,582 |
| Total Revenue | $2,459,985 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $166,250 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $55,564 |
| Taxes | $46,677 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $284 |
| Printing and publications | $0 |
| Other expenses | $2,522 |
| Total operating and administrative expenses | $544,462 |
| Contributions, gifts, grants paid | $3,658,074 |
| Total expenses and disbursements | $4,202,536 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,608,059 |
| 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 | $7,642,061 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $14,031 |
| Total assets | $65,854,356 |
| Accounts payable and accrued expenses | $61,708 |
| Grants payable | $3,251,305 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $141,000 |
| Total liabilities | $3,454,013 |
Grants Awarded
Over the last fiscal year, The Roberto Foundation has awarded $3,535,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS AND GIRLS CLUBS - CENTRAL ORANGE COAST PURPOSE: GENERAL SUPPORT | $150,000 |
BRACKEN'S KITCHEN PURPOSE: GENERAL SUPPORT | $250,000 |
CASA TERESA PURPOSE: GENERAL SUPPORT | $285,000 |
SANTA BARBARA FOUNDATION PURPOSE: GENERAL SUPPORT | $200,000 |
WHITE BUFFALO LAND TRUST PURPOSE: GENERAL SUPPORT | $500,000 |
SECOND HARVEST FOOD BANK PURPOSE: GENERAL SUPPORT | $150,000 |