Ricardo Puente Family Foundation Inc
- Assets
- $2.9m
- Revenue
- $735.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Pinecrest, FL
- Founding
- 01/2010
- Data as of
- 12/2021
- EIN
- 27-1181187
Organization Overview
Ricardo Puente Family Foundation Inc is located in Pinecrest, FL. The organization was established in 2010. 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. Ricardo Puente 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, Ricardo Puente Family Foundation Inc generated $735.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $332.1k during the year ending 12/2021. While expenses have increased by 7.9% 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.
Since 2016, Ricardo Puente Family Foundation Inc has awarded 59 individual grants totaling $1,513,401. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIABETES RESEARCH INSTITUTE - PROVIDE CONTINUING SUPPORT TO THE DIABETES RESEARCH INSTITUTE FOUNDATION, IN THEIR EFFORT TO MAKE A REAL DIFFERENCE IN THE LIVES OF ALL CHILDREN AND ADULTS LIVING WITH DIABETES.
THE BRAIN HEALTH PROJECT - RESEARCH FOR THE UNDERSTANING AND DEVELOPMENET OF ALZHEIMERS DISEASE
MEALS ON WHEELS - PROVIDE MEALS AND SERVICES TO THOSE IN MOST IMMEDIATE NEED WHO WOULD OTHERWISE BE PLACED ON THE EVER-GROWING WAITING LIST FOR HOME DELIVERED MEALS. ENDING HUNGER ACCROSS ALL AGES WITH KINDNESS, DIGNITY AND COMPASSION
CENTRO MATER CHILD CARE SERVICES - EMPOWERING FAMILIES TO REACH THEIR FULL POTENTIAL BY PROVIDING EXCEPTIONAL CHILD CARE SERVICES AND GIVING THEM THE TOOLS NECESSARY TO OBTAIN SELF-SUFFICIENCY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martha E Puente Director | 2 | $0 | |
Ricardo Puente President/ D | 2 | $0 | |
Lisa Paz V. President | 2 | $0 | |
Armando Paz Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $222,447 |
| Interest on Savings | $6 |
| Dividends & Interest | $45,655 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $467,479 |
| Capital Gain Net Income | $467,479 |
| Net ST Capital Gain | $15,321 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $30 |
| Total Revenue | $735,617 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,525 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25,704 |
| Total operating and administrative expenses | $45,441 |
| Contributions, gifts, grants paid | $286,667 |
| Total expenses and disbursements | $332,108 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,856,346 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,856,346 |
| 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 | $1,020,678 |
| Total liabilities | $1,020,678 |
Grants Awarded
Over the last fiscal year, Ricardo Puente Family Foundation Inc has awarded $286,667 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
DIABETES RESEARCH INSTITU PURPOSE: RESEARCH FUNDING | $100,000 |
THE BRAIN HEALTH PROJECT PURPOSE: ALZHEIMERS RESEARCH | $50,000 |
MEALS ON WHEELS PURPOSE: DELIVERING MEALS TO HOMEBOUND SENIOR | $25,000 |
ILAC PURPOSE: TECHNOLOGY HARDWARE & SOFTWARE SURG | $25,000 |
CENTRO MATER CHILD CARE SERVICES PURPOSE: CHILD CARE SERVICES | $20,000 |
MAKE A WISH FOUNDATION PURPOSE: HELP CHILDREN WITH LIFE THREATENING | $16,667 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Arthur M Blank Family Foundation Atlanta, GA | $365,187,486 | $84,889,977 |
The Frederick A Deluca Foundation Inc Pompano Beach, FL | $724,648,898 | $109,039,821 |
Ted Arison Family Found Aventura, FL | $489,424,665 | $63,628,275 |
Arison Arts Foundation Coral Gables, FL | $423,071,215 | $88,937,143 |
Poses Family Foundation Miami Beach, FL | $501,022,398 | $55,408,716 |
Jim Moran Foundation Inc Deerfield Beach, FL | $191,270,194 | $47,763,594 |
John Bulow Campbell Foundation Atlanta, GA | $793,659,742 | $103,345,098 |
Kovner Foundation Jupiter, FL | $0 | $19,441,586 |
Naples Children And Education Naples, FL | $64,560,487 | $12,642,425 |
Pentecost Foundation Bradenton, FL | $91,770,712 | $23,508,587 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
Micky And Madeleine Arison Family Foundation Coral Gables, FL | $232,510,515 | $23,555,348 |