Caruso Family Charities
- Assets
- $1.1m
- Revenue
- $821.4k
- Investments
- $799.4k
- Employees
- 0
- Location
- Lakewood, CO
- Founding
- 02/2007
- Data as of
- 12/2023
- EIN
- 20-5904999
Organization Overview
Caruso Family Charities is located in Lakewood, CO. The organization was established in 2007. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Caruso Family Charities 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, Caruso Family Charities generated $821.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $868.5k during the year ending 12/2023. While expenses have increased by 21.9% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerard Caruso Executive Di | 0 | $0 | |
Andrea Caruso COO | 40 | $62,281 | |
Frank Deangelis Director | 0 | $0 | |
John Mcwilliams Treasurer | 0 | $0 | |
Pat Keelan Director | 0 | $0 | |
Ray Baker Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $803,557 |
| Interest on Savings | $5,714 |
| Dividends & Interest | $23,452 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$11,353 |
| Capital Gain Net Income | $2,795 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $821,370 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $62,281 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $52,379 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $58,207 |
| Travel, conferences, and meetings | $22 |
| Printing and publications | $0 |
| Other expenses | $115,621 |
| Total operating and administrative expenses | $314,033 |
| Contributions, gifts, grants paid | $554,460 |
| Total expenses and disbursements | $868,493 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$6 |
| Savings and temporary cash investments | $237,494 |
| 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 | $16,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,052,937 |
| 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 | $5,746 |
| Total liabilities | $5,746 |