The Leonetti-Carlson Family Foundation
- Assets
- $50.6k
- Revenue
- $3.2k
- Investments
- $30.3k
- Employees
- 0
- Location
- Cleveland Heights, OH
- Founding
- 12/2000
- Data as of
- 12/2023
- EIN
- 34-1909133
Organization Overview
The Leonetti-Carlson Family Foundation is located in Cleveland Heights, OH. The organization was established in 2000. 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. Leonetti-Carlson 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 12/2023, Leonetti-Carlson Family Foundation generated $3.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $33.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Leonetti-Carlson Family Foundation has awarded 177 individual grants totaling $175,929. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
MULTIPLE NATIONAL AND INTERNATIONAL ORGANIZATIONS IN HEALTH CARE AND THE ARTS;THE BENEFITS ENRICHED PERSONS IN THE UNITED STATES AND EUROPE. TOTAL DONATIONS OF $29,001. THE TWO LARGEST DONATIONS WERE TO LINCOLN CENTER THEATRE AND LUTHERAN METROPOLITAN MINISTRY, AFFORDABLE HOUSING FOR $2,500 EACH, FOLLOWED BY $2,400 TO AMERICAN BALLET THEATRE AND $2,200 TO THE LEGAL AID SOCIETY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruth Anna Carlson President/ Secretary | 3 | $0 | |
Albert Leonetti Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,321 |
| Interest on Savings | $1,039 |
| Dividends & Interest | $1,362 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,503 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,219 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $50 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $1,197 |
| Other expenses | $2,321 |
| Total operating and administrative expenses | $4,325 |
| Contributions, gifts, grants paid | $29,001 |
| Total expenses and disbursements | $33,326 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,320 |
| 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 | $50,587 |
| 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, The Leonetti-Carlson Family Foundation has awarded $29,001 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN BALLET THEATRE PURPOSE: GENERAL OPERATIONS | $2,400 |
BEDLAM THEATRE PURPOSE: GENERAL OPERATIONS | $1,000 |
CARL SCHURZ PARK CONSERVANCY PURPOSE: GENERAL OPERATIONS | $500 |
CLEVELAND SPEECH & HEARING CENTER PURPOSE: GENERAL OPERATIONS | $500 |
DANCE CLEVELAND PURPOSE: GENERAL OPERATIONS | $750 |
DOBAMA THEATRE PURPOSE: GENERAL OPERATIONS | $1,000 |