Candito Family Foundation
- Assets
- $130.6k
- Revenue
- $4.6k
- Investments
- $128.0k
- Employees
- 0
- Location
- Marco Island, FL
- Founding
- 08/2014
- Data as of
- 12/2023
- EIN
- 46-1371651
Organization Overview
Candito Family Foundation is located in Marco Island, FL. The organization was established in 2014. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Candito 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, Candito Family Foundation generated $4.6k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $312.0 during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOPE ALZHEIMERS CENTER - ALZHEIMERS SUPPORT
HARRY KAZARIAN SCHOOL - SUPPORT ATHLETICS FOR UNDERPRIVILEGED CHILDREN
USMMA FOUNDATION - SUPPORT HIGHER EDUCATION
ST JOHNS PARRISH OUTREACH - SUPPORT FOR SINGLE MOTHERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Candito President | 2 | $0 | |
Marianne Candito Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,862 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $750 |
| Capital Gain Net Income | $750 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,612 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $312 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $312 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $312 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,526 |
| 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 | $130,563 |
| 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, Candito Family Foundation has awarded $6,950 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
PENN STATE THON PURPOSE: PEDIATRIC CANCER RESEARCH AND SUPPORT | $500 |
USMMA FOUNDATION PURPOSE: STUDENT SUPPORT | $1,000 |
SPECIAL OLYMPICS PURPOSE: SUPPORT HANDICAP CHILDREN | $250 |
KIWANIS PURPOSE: SUPPORT NEEDY CHILDREN | $500 |
NARRANGANSETT LIONS CLUG PURPOSE: SUPPORT THOSE IN NEED | $100 |
OAKDALE HISTORICAL SOCIETY PURPOSE: SUPPORT OAKDALE HISTORY | $100 |