Nl Caruso Family Foundation Inc
- Assets
- $244.0k
- Revenue
- $16.3k
- Investments
- $139.9k
- Employees
- 0
- Location
- Boston, MA
- Founding
- 09/2010
- Data as of
- 12/2022
- EIN
- 27-2618379
Organization Overview
Nl Caruso Family Foundation Inc is located in Boston, MA. 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. Nl Caruso 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 12/2022, Nl Caruso Family Foundation Inc generated $16.3k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $19.2k during the year ending 12/2022. 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 |
|---|---|---|---|
Richard I Caruso Deceased Sec & Director | 0.5 | $0 | |
Laurence Caruso Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000 |
| Interest on Savings | $105 |
| Dividends & Interest | $2,899 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $12,322 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12,322 |
| Total Revenue | $16,326 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $151 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $265 |
| Total operating and administrative expenses | $1,141 |
| Contributions, gifts, grants paid | $18,070 |
| Total expenses and disbursements | $19,211 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,050 |
| Savings and temporary cash investments | $102,997 |
| 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 | $139,947 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $243,994 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Nl Caruso Family Foundation Inc has awarded $18,070 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
MERCY WORKS PURPOSE: SUPPORT FOR RELIGIOUS ORGANIZATION | $1,000 |
REVEREND ALCIATI PURPOSE: SUPPORT FOR PARISH PRIEST | $200 |
HISCOCK LEGAL AID SOCIETY PURPOSE: PROVIDE SUPPORT FOR THOSE WHO CANNOT AFFORD LEGAL ASSISTANCE | $1,000 |
BOYS TOWN PURPOSE: SUPPORT FOR EDUCATION AND CARE OF YOUTH. | $2,000 |
RESCUE MISSION PURPOSE: PROVIDE SUPPORT TO THOSE IN NEED | $4,500 |
ST JUDE CHILDREN'S HOSPITAL PURPOSE: SUPPORT FOR PEDIATRIC CARE AND RESEARCH FOR CHILDREN'S DISEASES. | $2,500 |