Daughters Of Charity Foundation
- Assets
- $457.9m
- Revenue
- $21.5m
- Investments
- $140.9m
- Employees
- 7
- Location
- Los Angeles, CA
- Founding
- 04/2000
- Data as of
- 06/2021
- EIN
- 77-0047181
Organization Overview
Daughters Of Charity Foundation is located in Los Angeles, CA. The organization was established in 2000. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Daughters Of Charity Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Daughters Of Charity 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 06/2021, Daughters Of Charity Foundation generated $21.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 54.3% each year . All expenses for the organization totaled $27.9m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Daughters Of Charity Foundation has awarded 184 individual grants totaling $161,760,578. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
DAUGHTERS OF CHARITY FOUNDATION THE FOUNDATION FUNDS VARIOUS HEALTH, WELFARE, EDUCATIONAL AND RELIGIOUS ACTIVITIES OF THE MINISTRIES OF THE DAUGHTERS OF CHARITY, PROVINCE OF THE WEST AND INTERNATIONALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION FUNDS THE VARIOUS HEALTH, WELFARE, EDUCATIONAL AND RELIGIOUS ACTIVITIES OF THE MINISTRIES OF THE DAUGHTERS OF CHARITY, PROVINCE OF THE WEST AND INTERNATIONALLY.
EDUCATIONAL ENRICHMENT AND HIGH SCHOOL TUITION ASSISTANCE PROGRAM HSTAP PROVIDE SCHOOLS IN THE WESTERN PROVINCE WITH FUNDS THAT ENHANCE LIBRARIES, ARTS AND SPORTS PROGRAMS, ANNUAL FIELD TRIPS AS WELL AS HIGH SCHOOL TUITION FOR GRADUATES OF DAUGHTERS OF CHARITY SCHOOLS.
DE MARILLAC GRADUATES PROVIDES TUITION FOR GRADUATES OF DE MARILLAC ACADEMY TO CONTINUE THEIR EDUCATION AT A CATHOLIC HIGH SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Liz Sandoval CFO | Officer | 40 | $151,288 |
Marcia Caden Secretary | OfficerTrustee | 1 | $0 |
Sister Joyce Weller Dc Exec Director | OfficerTrustee | 40 | $0 |
Alma Arredondo Director | Trustee | 1 | $0 |
Janet W Abbott Vice Chair | Trustee | 1 | $0 |
Sister Julie Kubasak Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Amy Construction Inc Construction | 6/29/18 | $149,377 |
Puchlik Design Associates Inc Architectural Consultants | 6/29/18 | $105,695 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $823,586 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $823,586 |
| Total Program Service Revenue | $0 |
| Investment income | $14,408,845 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $577,308 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,458,667 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,282,091 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $151,288 |
| Compensation of current officers, directors, key employees. | $45,386 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $912,358 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $47,980 |
| Fees for services: Accounting | $30,991 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $83,178 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $113,386 |
| Travel | $22,912 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $349,762 |
| Insurance | $32,391 |
| All other expenses | $26,874 |
| Total functional expenses | $27,899,628 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,284,841 |
| Savings and temporary cash investments | $1,462,929 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,211 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $60,428,765 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $41,591,366 |
| Investments—publicly traded securities | $208,309,516 |
| Investments—other securities | $140,866,970 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $457,947,598 |
| Accounts payable and accrued expenses | $69,740 |
| Grants payable | $20,824,775 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $97,220 |
| Other liabilities | $7,317,673 |
| Total liabilities | $28,309,408 |
| Net assets without donor restrictions | $428,004,545 |
| Net assets with donor restrictions | $1,633,645 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $457,947,598 |
Grants Awarded
Over the last fiscal year, Daughters Of Charity Foundation has awarded $18,440,090 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
Phoenix, AZ PURPOSE: Operational subsidy | $1,600,000 |
Santa Barbara, CA PURPOSE: Operational subsidy | $1,560,000 |
ST ELIZABETH SETON SCHOOL PURPOSE: Operational subsidy | $1,480,000 |
San Jose, CA PURPOSE: Operational subsidy | $1,450,000 |
OUR LADY OF THE VISITATION SCHOOL PURPOSE: Operational subsidy | $1,350,000 |
OUR LADY OF THE MIRACULOUS MEDAL PURPOSE: Operational subsidy | $1,270,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Daughters Of Charity Foundation has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Lakeside Foundation Jenkintown, PA PURPOSE: GENERAL FUND | $50,000 |
Endowment Analysis
| Beg. Balance | $1,621,945 |
| Earnings | $51,920 |
| Other Expense | $40,220 |
| Ending Balance | $1,633,645 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewish Community Fdn Of The Jewish Federation Council Of Greater La Los Angeles, CA | $1,147,355,921 | $108,439,956 |
Jewish Community Federation Of S F Marin Peninsula & Sonoma Counties San Francisco, CA | $1,443,740,655 | $154,567,295 |
Jewish Community Foundation Of San Diego San Diego, CA | $448,399,166 | $106,011,475 |
Valley Of The Sun United Way Phoenix, AZ | $104,098,931 | $79,942,536 |
Orange Countys United Way Irvine, CA | $28,387,789 | $67,720,545 |
Entertainment Industry Foundation Los Angeles, CA | $110,994,468 | $64,821,214 |
Jewish Federation Council Of Greater Los Angeles Los Angeles, CA | $190,865,704 | $43,794,151 |
Aloha United Way Inc Honolulu, HI | $26,512,053 | $42,755,517 |
United Way Inc Los Angeles, CA | $90,203,286 | $68,762,414 |
Opportunity Village Foundation Las Vegas, NV | $82,150,112 | $9,952,519 |
Inland Southern California United Way Rancho Cucamonga, CA | $4,994,163 | $30,713,140 |
Daughters Of Charity Foundation Los Angeles, CA | $457,947,598 | $21,458,667 |