Del Corazon
- Assets
- $1.4m
- Revenue
- $369.7k
- Investments
- $0.0
- Employees
- 0
- Location
- San Diego, CA
- Founding
- 11/2006
- Data as of
- 08/2023
- EIN
- 20-5553069
Organization Overview
Del Corazon is located in San Diego, CA. The organization was established in 2006. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Del Corazon 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 08/2023, Del Corazon generated $369.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $1.2m during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Del Corazon has awarded 162 individual grants totaling $5,587,035. 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 |
|---|---|---|---|
William G Ayyad President | 2 | $0 | |
Daniel Ayyad Treasurer/secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $250,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $51,201 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $369,707 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $969 |
| Depreciation | $29,177 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $46,542 |
| Total operating and administrative expenses | $81,252 |
| Contributions, gifts, grants paid | $1,082,413 |
| Total expenses and disbursements | $1,163,665 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $157,153 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $8,470 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $399,639 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,320 |
| Net Investments - land, buildings, equipment | $782,398 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,355,980 |
| Accounts payable and accrued expenses | $13,235 |
| 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 | $400,928 |
| Total liabilities | $414,163 |
Grants Awarded
Over the last fiscal year, Del Corazon has awarded $1,082,413 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
CUREBOUND PURPOSE: DC DONATION TO GOPEDAL CUREBOUND | $1,500 |
GLOBAL CARE ALLIANCE PURPOSE: SUPPORT THE ORGANIZATION. | $151,900 |
CHALLENGED ATHLETES FOUNDATION PURPOSE: SUPPORT THE ORGANIZATION. | $1,500 |
DYSAUTONOMIA INTERNATIONAL PURPOSE: SUPPORT THE ORGANIZATION. | $10,000 |
NATIVITY PREP ACADEMY PURPOSE: EDUCATIONAL PROGRAMS FOR UNDER-SERVED CHILDREN | $90,000 |
SUSAN G KOMEN FOUNDATION PURPOSE: SUPPORT THE ORGANIZATION | $1,000 |