Risso Foundation
- Assets
- $995.8k
- Revenue
- $10.0k
- Investments
- $995.3k
- Employees
- 0
- Location
- Playa Del Rey, CA
- Founding
- 10/2011
- Data as of
- 12/2022
- EIN
- 20-2185982
Organization Overview
Risso Foundation is located in Playa Del Rey, CA. The organization was established in 2011. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Risso 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, Risso Foundation generated $10.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $64.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Risso Foundation has awarded 84 individual grants totaling $397,880. 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 OFFERS AND AWARDS SCHOLARSHIPS AND/OR GRANTS FOR EDUCATIONAL STUDIES TO INDIVIDUALS OF PERUVIAN DESCEND THAT HAVE DEMONSTRATED ACADEMIC ACHIEVEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcus Luis Risso Sec.-Treasurer | 0 | $0 | |
Andre St Laurent Chairman | 0 | $0 | |
Jack Flaherty Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $32 |
| Dividends & Interest | $10,302 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$358 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5 |
| Total Revenue | $9,981 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,500 |
| Total operating and administrative expenses | $16,379 |
| Contributions, gifts, grants paid | $48,000 |
| Total expenses and disbursements | $64,379 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $520 |
| 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 | $995,256 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $995,776 |
| 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, Risso Foundation has awarded $48,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
LITA CHANCE PURPOSE: ACADEMIC SCHOLARSHIP | $1,000 |
CASSANDRA RAU PURPOSE: ACADEMIC SCHOLARSHIP | $8,000 |
ANA SABASTIANI PURPOSE: ACADEMIC SCHOLARSHIP | $500 |
ALESSANDRA YALAN PURPOSE: ACADEMIC SCHOLARSHIP | $1,000 |
AENEAS CHANCE PURPOSE: ACADEMIC SCHOLARSHIP | $2,000 |
CAMILA YALAN PURPOSE: ACADEMIC SCHOLARSHIP | $3,000 |