Tesori Family Foundation Inc
- Assets
- $668.8k
- Revenue
- $248.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Ponte Vedra Beach, FL
- Founding
- 01/2010
- Data as of
- 12/2023
- EIN
- 27-1153318
Organization Overview
Tesori Family Foundation Inc is located in Ponte Vedra Beach, FL. The organization was established in 2010. According to its NTEE Classification (N12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tesori 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, Tesori Family Foundation Inc generated $248.3k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $161.8k during the year ending 12/2023. While expenses have increased by 9.1% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ACHIEVE GREAT THINGS THROUGH GOD BY LENDING A HELPING HAND, PROVIDING HOPE, AND HEALING HEARTS OF CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL-STAR KIDS CLINIC PROVIDED 175 CHILDREN WITH SPECIAL NEEDS WITH ONE-ON-ONE GOLF INSTRUCTION FROM COACHES, CADDIES, AND PLAYERS ACROSS THE COUNTRY. PRIVATE CLINICS WERE HELD AT GOLF COURSES IN ARIZONA, FLORIDA, NORTH CAROLINA, AND MISSISSIPPI.
BUDDY BASKETS ARE CUSTOMIZED GIFTS THAT ARE PROVIDED FOR EVERY FAMILY THAT GIVES BIRTH TO OR ADOPTS A CHILD WITH DOWN SYNDROME IN THE NORTHEAST FLORIDA REGION. THE VALUE IS APPROXIMATELY $2000 EACH.
HOPE FOR THE HOLIDAYS - EACH HOLIDAY SEASON GIFTS ARE PURCHASED AND DELIVERED TO FAMILIES IN NEED, INCLUDING HOMELESS CHILDREN AND FAMILIES SERVED BY THE EMERGENCY SERVICES AND HOMELESS COALITION OF ST. JOHNS COUNTY, AS WELL AS PORT IN THE STORM, A YOUTH PROGRAM FOR UNACCOMPANIED TEENS THROUGH THE ST FRANCIS HOUSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Albert P Tesori President | OfficerTrustee | 1 | $0 |
Wanda Wallace Director | Trustee | 1 | $0 |
Rob Walgate Director | Trustee | 1 | $0 |
Michael Mcgrath Director | Trustee | 1 | $0 |
Ryan Hart Director | Trustee | 1 | $0 |
Kourtney Schenk Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $36,235 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $233,272 |
| Noncash contributions included in lines 1a–1f | $31,950 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $269,507 |
| Total Program Service Revenue | $0 |
| Investment income | $9,977 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$10,917 |
| Net Income from Fundraising Events | -$20,270 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $248,297 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $35,810 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $13,026 |
| Compensation of current officers, directors, key employees. | $1,303 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,522 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $225 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,830 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,020 |
| Office expenses | $1,475 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,573 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $920 |
| All other expenses | $6,386 |
| Total functional expenses | $161,817 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $362,697 |
| Savings and temporary cash investments | $9,859 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $296,200 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $668,756 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $668,756 |
| Total liabilities and net assets/fund balances | $668,756 |
Grants Awarded
Over the last fiscal year, Tesori Family Foundation Inc has awarded $20,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BEST BUDDIES INTERNATIONAL PURPOSE: SUPPORT FOR INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES. | $5,000 |
HEALING HEARTS PROJECT PURPOSE: SUPPORT FOR FAMILIES OF HOSPITALIZED CHILDREN RECEIVING MEDICAL TREATMENT. | $5,000 |
ISAIAH 117 HOUSE PURPOSE: PROGRAMS TO SUPPORT CHILDREN AWAITING FOSTER CARE PLACEMENT. | $5,000 |
WALKING FOR KIDS FOUNDATION PURPOSE: TO HELP CHILDREN WITH LIFE THREATENING ILLNESSES THROUGH CHARITABLE ACTIVITIES. | $5,000 |