The Lazzara Family Foundation
- Assets
- $1.9m
- Revenue
- $834.5k
- Investments
- $1.7m
- Employees
- 0
- Location
- Burr Ridge, IL
- Founding
- 09/1983
- Data as of
- 12/2022
- EIN
- 36-3248699
Organization Overview
The Lazzara Family Foundation is located in Burr Ridge, IL. The organization was established in 1983. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Lazzara 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, Lazzara Family Foundation generated $834.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 59.6% each year . All expenses for the organization totaled $138.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Lazzara Family Foundation has awarded 35 individual grants totaling $531,500. 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 |
|---|---|---|---|
Alan A Lazzara Trustee | 0 | $0 | |
Nancy P Stevens Trustee | 0 | $0 | |
Angelo J Lazzara Trustee | 0 | $0 | |
Jack R Lazzara Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $742,003 |
| Interest on Savings | $539 |
| Dividends & Interest | $35,600 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $56,350 |
| Capital Gain Net Income | $56,350 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $834,492 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,065 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,163 |
| Total operating and administrative expenses | $19,228 |
| Contributions, gifts, grants paid | $119,000 |
| Total expenses and disbursements | $138,228 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,311 |
| Savings and temporary cash investments | $198,026 |
| 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 | $32,329 |
| Total assets | $1,890,511 |
| 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 Lazzara Family Foundation has awarded $119,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
NY HELMETS TO HARDHATS PURPOSE: GENERAL SUPPORT | $10,000 |
MOTHER MCAULEY HIGH SCHOOL PURPOSE: NAMED SCHOLARSHP | $10,000 |
DOWNERS GROVE AREA FISH PURPOSE: FOOD PURCAHSESFOOD PURCHASES | $4,000 |
HINSDALE HOSPITAL FOUNDATION PURPOSE: NICU RENOVATION | $50,000 |
SOUTHEAST GUIDE DOGS PURPOSE: GUIDE DOG TRAININGGUIDE DOG TRAININGPAWS FOR PATRIOTS | $10,000 |
UCLA OPERATION MEND PURPOSE: VETERANS SURGERIES | $10,000 |