Carole Desoto Foundation
- Assets
- $362.2k
- Revenue
- $99.2k
- Investments
- $312.1k
- Employees
- 0
- Location
- Lemoyne, PA
- Founding
- 02/2015
- Data as of
- 12/2022
- EIN
- 47-1576948
Organization Overview
Carole Desoto Foundation is located in Lemoyne, PA. The organization was established in 2015. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carole Desoto 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, Carole Desoto Foundation generated $99.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $146.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Carole Desoto Foundation has awarded 70 individual grants totaling $1,114,069. 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 |
|---|---|---|---|
Carole Desoto President And Director | 0.1 | $0 | |
Matthew G Desoto Vice President And Director | 0.1 | $0 | |
Michael J Desoto Treasurer And Director | 0.1 | $0 | |
Randall N Desoto Secretary And Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $75,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $18,443 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,730 |
| Capital Gain Net Income | $5,730 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $99,173 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $7,732 |
| Contributions, gifts, grants paid | $138,250 |
| Total expenses and disbursements | $145,982 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,929 |
| Savings and temporary cash investments | $25,150 |
| 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 | $362,191 |
| 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, Carole Desoto Foundation has awarded $138,250 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN LEGION STEVE R DAY POST #326 PURPOSE: GENERAL SUPPORT | $5,000 |
BOYS & GIRLS CLUB PURPOSE: GENERAL SUPPORT | $25,000 |
CAMP HEBRON PURPOSE: GENERAL FUND PURPOSE | $7,000 |
GRETNA THEATER PURPOSE: GENERAL SUPPORT | $5,000 |
HISTORICAL SOCIETY OF MILLERSBURG PURPOSE: GENERAL SUPPORT | $5,000 |
MARKET SQUARE PRESBYTERIAN CHURCH PURPOSE: GENERAL SUPPORT | $10,000 |