Lato Family Foundation Inc

Organization Overview

Lato Family Foundation Inc is located in Waukesha, WI. The organization was established in 2007. 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. Lato Family Foundation Inc 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 12/2021, Lato Family Foundation Inc generated $50.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $119.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Lato Family Foundation Inc has awarded 27 individual grants totaling $186,000. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

NONE


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Board, Officers & Key Employees

Name (title)Compensation
Joan M Lato
Pres Treas
$0
Gary J Lato
VP Treas
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $12
Dividends & Interest $29,480
Net Rental Income$0
Net Gain on Sale of Assets $21,421
Capital Gain Net Income $21,421
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $50,913

Grants Awarded

Over the last fiscal year, Lato Family Foundation Inc has awarded $94,000 in support to 15 organizations.

Grant RecipientAmount

TELLING THE TRUTH INC

PURPOSE: GENERAL OPERATIONS

$25,000

WISCONSIN CENTER FOR CHRISTIAN ST

Org PageRecipient Profile

Waukesha, WI

PURPOSE: GENERAL OPERATIONS

$10,000

MILWAUKEE RESCUE MISSION

PURPOSE: GENERAL OPERATIONS

$8,000

GLOBAL SCHOLARS

PURPOSE: GENERAL OPERATIONS

$7,500

CLAPHAM INSTITUTE

PURPOSE: GENERAL OPERATIONS

$6,500

GLOBAL DEVELOPMENT SERVICES

PURPOSE: GENERAL OPERATIONS

$5,000
View Grant Profile

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