Turicchi Family Foundation
- Assets
- $2.0m
- Revenue
- $477.6k
- Investments
- $1.2m
- Employees
- 0
- Location
- Pasadena, CA
- Founding
- 05/2011
- Data as of
- 12/2022
- EIN
- 27-4031012
Organization Overview
Turicchi Family Foundation is located in Pasadena, CA. 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. Turicchi 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 12/2022, Turicchi Family Foundation generated $477.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $376.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (14.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Turicchi Family Foundation has awarded 127 individual grants totaling $6,775,400. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Scott Turicchi President, Director | 1 | $0 | |
Lannette Turicchi Treasurer, Secretary, Director | 1 | $0 | |
Joseph Fox Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $195,500 |
| Interest on Savings | $124 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $282,023 |
| Capital Gain Net Income | $282,023 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $477,647 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $67 |
| Total operating and administrative expenses | $13,103 |
| Contributions, gifts, grants paid | $363,000 |
| Total expenses and disbursements | $376,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,041 |
| Savings and temporary cash investments | $0 |
| 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 | $700,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $225,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,991,152 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $250,000 |
| 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 | $250,000 |
Grants Awarded
Over the last fiscal year, Turicchi Family Foundation has awarded $613,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
HILDEBRAND PROJECT PURPOSE: TO PROMOTE AND DEVELOP THE THOUGHT OF DIETRICH VON HILDEBRAND, A 20TH CENTURY CATHOLIC PHILOSOPHER, AS WELL AS THE BROADER TRADITION OF CHRISTIAN PERSONALISM, THROUGH CHANNELS INCLUDING PUBLICATIONS, SEMINARS, AND DIGITAL MEDIA. | $25,000 |
INSTITUTE FOR FAMILY STUDIES PURPOSE: SPONSOR RESEARCH AND PROGRAMS THAT MONITOR THE HEALTH OF MARRIAGE AND FAMILY LIFE IN THE UNITED STATES AND AROUND THE WORLD, THAT ANALYZE THE SOCIAL AND CULTURAL FORCES SHAPING CONTEMPORARY MARRIAGE AND FAMILY LIFE IN THE U.S. AND AROUND THE GLOBE, AND THAT IDENTIFY STRATEGIES TO INCREASE THE QUALITY AND STABILITY OF MARRIAGE AND FAMILY LIFE IN THE U.S AND AROUND THE WORLD. | $40,000 |
THE CATHOLIC UNIVERSITY OF AMERICA PURPOSE: TO SUPPORT THE CATHOLIC ENTREPRENEURSHIP & DESIGN EXPERIENCE PROGRAM | $140,000 |
WINDRIDER INSTITUTE PURPOSE: TO PROMOTE COMMUNITY OUTREACH COLLABORATIONS WITH THE THEME OF "CINEMA IN CONVERSATION" SURROUNDING TODAY'S MOST IMPORTANT SOCIAL ISSUES. | $37,000 |
TRINITY ACADEMY PURPOSE: TO PROMOTE EDUCATIONAL SERVICES | $6,000 |
HARD AS NAILS PURPOSE: HARD AS NAILS MINISTRIES IS A CHRISTIAN ORGANIZATION WHICH IS ROOTED IN THE GOSPEL AND TEACHING OF THE FAITH. HARD AS NAILS WORKS WITH YOUTH AND YOUNG ADULTS TO BUILD A STRONG, PERSONAL RELATIONSHIP WITH GOD AND A DEEPER COMMITMENT TO THEIR FAITH. IT ALSO ASSISTS AND PARTNERS WITH SCHOOLS, CHURCHES, AND UNIVERSITIES TO CREATE EVENTS/RETREATS WHERE THE GOSPEL IS DELIVERED IN A CREATIVE WAY THAT YOUTH AND YOUNG ADULTS CAN CLEARLY AND EASILY UNDERSTAND. | $70,000 |