Michael & Suzanne Carusillo Charitable Foundation
- Assets
- $25.1k
- Revenue
- $94.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Itasca, IL
- Founding
- 12/1996
- Data as of
- 12/2023
- EIN
- 36-7129916
Organization Overview
Michael & Suzanne Carusillo Charitable Foundation is located in Itasca, IL. The organization was established in 1996. 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. Michael & Suzanne Carusillo Charitable 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, Michael & Suzanne Carusillo Charitable Foundation generated $94.9k in total revenue. All expenses for the organization totaled $88.0k during the year ending 12/2023. While expenses have increased by 0.5% per year over the past 8 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 2016, Michael & Suzanne Carusillo Charitable Foundation has awarded 42 individual grants totaling $666,450. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Carusillo Trustee | 0 | $0 | |
Suzanne Carusillo Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $94,850 |
| Interest on Savings | $47 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $94,897 |
| 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 | $15 |
| Total operating and administrative expenses | $15 |
| Contributions, gifts, grants paid | $88,000 |
| Total expenses and disbursements | $88,015 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,124 |
| 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 | $25,124 |
| 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, Michael & Suzanne Carusillo Charitable Foundation has awarded $88,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BEYOND BREATH WELLNESS PURPOSE: SUPPORT PROGRAM SERVICES. | $1,500 |
AMERICAN FARM SCHOOL PURPOSE: SCHOLARSHIP PROGRAM | $2,500 |
ST NICHOLAS CATHEDRAL SCHOOL PURPOSE: PROVIDE STUDENTS WITH QUALITY EDUCATION. | $25,000 |
GTM PURPOSE: PROTECTING COASTAL AND ESTUARINE HABITATS IN NORTHEAST FLORIDA | $1,500 |
MIDDLEBURY COLLEGE PURPOSE: CREATING OPPORTUNITIES AND EMPOWERING STUDENTS. | $50,000 |
USTA NORTHERN PURPOSE: SUPPORT WOMEN THROUGH COMMUNITY, CONNECTION, AND EDUCATION. | $2,500 |