Sarlo Family Foundation
- Assets
- $16.1m
- Revenue
- $1.6m
- Investments
- $15.8m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 09/2011
- Data as of
- 12/2021
- EIN
- 45-0897823
Organization Overview
Sarlo Family Foundation is located in Wilmington, DE. The organization was established in 2011. 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. Sarlo 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 12/2021, Sarlo Family Foundation generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Sarlo Family Foundation has awarded 68 individual grants totaling $4,747,000. 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 |
|---|---|---|---|
Patricia Duffy Dir, Sec | 1 | $0 | |
Lisa Pritzker Dir | 1 | $0 | |
George Sarlo Dir | 1 | $0 | |
Susie Sarlo Dir, Pres | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $57,228 |
| Interest on Savings | $120 |
| Dividends & Interest | $391,768 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,096,514 |
| Capital Gain Net Income | $1,094,162 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $29,979 |
| Total Revenue | $1,575,609 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $95,313 |
| Other employee salaries and wages | $34,437 |
| Pension plans, employee benefits | $30,385 |
| Interest | $0 |
| Taxes | $6,012 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $829 |
| Printing and publications | $0 |
| Other expenses | $105,647 |
| Total operating and administrative expenses | $376,332 |
| Contributions, gifts, grants paid | $685,000 |
| Total expenses and disbursements | $1,061,332 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $354,267 |
| 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 | $1,364,313 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $16,130,710 |
| 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, Sarlo Family Foundation has awarded $2,102,500 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
AMALGAMATED CHARITABLE FOUNDATION INC PURPOSE: YOUTH POWER FUND | $100,000 |
CHILDREN NOW PURPOSE: CHILDREN NOW'S BEHAVIORAL HEALTH WORK | $125,000 |
BEATS RHYMES AND LIFE PURPOSE: GENERAL & UNRESTRICTED | $50,000 |
CHILDREN NOW PURPOSE: CHILDREN NOW'S BEHAVIORAL HEALTH WORK | $75,000 |
CHILDRENS HEALTH COUNCIL INC PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
FOSTER FORWARD PURPOSE: YOUTH TRANSITION FUNDERS GROUP | $2,500 |