Edward F Limato Foundation
- Assets
- $11.4m
- Revenue
- $1.2m
- Investments
- $11.1m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 06/2012
- Data as of
- 12/2021
- EIN
- 27-7123286
Organization Overview
Edward F Limato Foundation is located in Los Angeles, CA. The organization was established in 2012. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Edward F Limato 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 12/2021, Edward F Limato Foundation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 25.2% each year . All expenses for the organization totaled $907.0k during the year ending 12/2021. While expenses have increased by 4.3% per year over the past 6 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 2014, Edward F Limato Foundation has awarded 203 individual grants totaling $4,758,972. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Konigsberg President/trustee | 40 | $0 | |
Gary Craig Olsen Trustee | 5 | $13,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $143,702 |
| Net Rental Income | $12,870 |
| Net Gain on Sale of Assets | $1,073,725 |
| Capital Gain Net Income | $1,073,725 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,230,297 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $8,800 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $22,952 |
| Interest | $0 |
| Taxes | $7,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $239,526 |
| Total operating and administrative expenses | $278,278 |
| Contributions, gifts, grants paid | $628,672 |
| Total expenses and disbursements | $906,950 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $281,806 |
| 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 | $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 | $11,398,754 |
| 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, Edward F Limato Foundation has awarded $442,414 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
MOTION PICTURE & TELEVISION FUND PURPOSE: PROGRAM SUPPORT | $60,000 |
MOCA PURPOSE: PROGRAM SUPPORT | $51,500 |
CORNISH COLLEGE OF THE ARTS PURPOSE: PROGRAM SUPPORT | $30,000 |
JUILLIARD SCHOOL PURPOSE: PROGRAM SUPPORT | $30,000 |
NEW YORK UNIVERSITY PURPOSE: PROGRAM SUPPORT | $30,000 |
ECAN ACTION NETWORK PURPOSE: PROGRAM SUPPORT | $25,145 |