Fuente Family Foundation Inc
- Assets
- $12.1m
- Revenue
- $1.6m
- Investments
- $10.4m
- Employees
- 0
- Location
- Tampa, FL
- Founding
- 02/2009
- Data as of
- 12/2023
- EIN
- 26-1874008
Organization Overview
Fuente Family Foundation Inc is located in Tampa, FL. The organization was established in 2009. 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. Fuente 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 12/2023, Fuente Family Foundation Inc generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (8.6%) each year. All expenses for the organization totaled $535.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Fuente Family Foundation Inc has awarded 124 individual grants totaling $2,037,223. 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 |
|---|---|---|---|
Carlos P Fuente President & Director | 0.5 | $0 | |
Cynthia Fuente Suarez Vice President & Director | 0.5 | $0 | |
Karen R Smith Vice President, Secretary, & Director | 0.5 | $0 | |
Brenda E Byrne Treasurer | 0.5 | $0 | |
Lidiana Fuente Director | 0.5 | $0 | |
Liana Fuente Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,414,852 |
| Interest on Savings | $28,548 |
| Dividends & Interest | $261,440 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$110,410 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $101 |
| Total Revenue | $1,594,531 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,869 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $66 |
| Total operating and administrative expenses | $39,407 |
| Contributions, gifts, grants paid | $496,225 |
| Total expenses and disbursements | $535,632 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,719 |
| Savings and temporary cash investments | $1,655,596 |
| Net Accounts receivable | $101 |
| 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 | $9,118,805 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $14,556 |
| Total assets | $12,128,690 |
| 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 | $5,880 |
| Total liabilities | $5,880 |
Grants Awarded
Over the last fiscal year, Fuente Family Foundation Inc has awarded $496,225 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
BREAST CANCER RESEARCH FOUNDATION PURPOSE: TO SUPPORT BREAST CANCER RESEARCH. | $82,225 |
THE SICKLES HIGH SCHOOL ATHLETIC BOOSTER CLUB INC PURPOSE: TO SUPPORT THE SCHOOL'S ATHLETIC PROGRAMS. | $1,000 |
FRIENDS OF SAINT JOSEPH WEST TAMPA PURPOSE: SPONSORSHIP OF FEAST OF ST. JOSEPH FUNDRAISER | $5,000 |
CUBAN CLUB FOUNDATION INC PURPOSE: TO SUPPORT THE CLUB'S RESTORATION AND PRESERVATION OF A HISTORIC PLACE. | $25,000 |
KIDS FOR KIDS FOUNDATION INC PURPOSE: TO SUPPORT THE FOUNDATION'S EFFORTS TOWARDS FUNDRAISING FOR ORGANIZATIONS THAT SUPPORT CHILDREN AND FAMILIES STRUGGLING WITH MEDICAL CHALLENGES. | $5,000 |
ARTURO SANDOVAL INSTITUTE PURPOSE: TO SUPPORT THE MUSIC EDUCATION OF YOUNG MUSICIANS. | $10,000 |