Capraro Family Foundation
- Assets
- $3.8m
- Revenue
- $1.4m
- Investments
- $1.5m
- Employees
- 0
- Location
- Oak Brook, IL
- Founding
- 01/2011
- Data as of
- 06/2022
- EIN
- 27-0863044
Organization Overview
Capraro Family Foundation is located in Oak Brook, IL. The organization was established in 2011. 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. Capraro Family 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 06/2022, Capraro Family Foundation generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $1.3m during the year ending 06/2022. While expenses have increased by 14.7% 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.
Since 2015, Capraro Family Foundation has awarded 63 individual grants totaling $1,006,064. 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 OPERATES A HOME IN WHEELING, ILLINOIS TOSERVE AS A COMMUNITY INTEGRATED LIVING ARRANGEMENT (CILA).THE CILA BECAME OPERATIONAL IN FEBRUARY 2012 WHEN ITS FIRST RESIDENT MOVED IN. PROVIDING ON-SITE, ROUND-THE-CLOCK ACCESS TO SUPPORT PROFESSIONALS, THE TWO-STORY RESIDENCECURRENTLY ACCOMODATES SEVEN INDIVIDUALS WITH DEVELOPMENTALDISABILITIES. THE FOUNDATION ALSO OPERATES A SIMILAR HOMEIN BENSENVILLE, ILLINOIS THAT WAS PURCHASED IN MARCH 2015. THE FOUNDATION PURCHASED LAND IN SEPTEMBER 2016 AND FINISHEDCONSTRUCTION OF A THIRD CILA THAT BECAME OPERATIONAL IN MAY OF 2018. THE FOUNDATION ACQUIRED PROPERTY IN BOLINGBROOK, ILLINOIS IN JANUARY OF 2022, WHICH IS EXPECTED TO BE OPERATIONAL IN 2023 AS THE FOURTH CILA TO ACCOMMODATE INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES. IT IS THE FOUNDATIONS INTENTION TO CONTINUE TO OPEN ADDITIONAL CILAS IN THE FUTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Capraro Jr Director | 1 | $0 | |
Tina Capraro Director | 1 | $0 | |
William A Capraro III Treasurer, Secretary | 1 | $0 | |
Victoria B Capraro President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $21,627 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $322,797 |
| Capital Gain Net Income | $322,797 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,100,655 |
| Total Revenue | $1,447,079 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,152 |
| Depreciation | $66,032 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,129,456 |
| Total operating and administrative expenses | $1,217,664 |
| Contributions, gifts, grants paid | $84,096 |
| Total expenses and disbursements | $1,301,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $184,950 |
| Net Accounts receivable | $12,000 |
| 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 | $283,526 |
| Net Land, buildings, and equipment | $2,069,053 |
| Other assets | $2,020 |
| Total assets | $3,755,573 |
| Accounts payable and accrued expenses | $27,257 |
| 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 | $27,257 |
Grants Awarded
Over the last fiscal year, Capraro Family Foundation has awarded $84,096 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
PRADER-WILLI SYNDROME ASSOCIATION USA PURPOSE: OPERATION HOLIDAY CHEER CAMPAIGN | $8,209 |
BABSON COLLEGE PURPOSE: FYZICAL FRANCHISE SCHOLARS | $20,000 |
BEAT THE STREETS CHICAGO PURPOSE: ANNUAL GALA FUNDRAISING EVENT | $27,500 |
ALTUS ACADEMY PURPOSE: ALTUS ACADEMY SCHOLARSHIP CAMPAIGN | $1,000 |
SPECIAL FRIENDS FOUNDATION INC PURPOSE: LOUIS CUP 2021 FUNDRAISING EVENT | $2,100 |
MICHAEL PATRICK NEE PURPOSE: EMERGENCY AND FINANCIAL HARDSHIP GRANT FOR PAYMENT OF MEDICAL EXPENSES OF INDIVIDUAL SEVERELY ILL AS A RESULT OF COVID-19 | $25,287 |