Ernest And Irene Pestana Charitable Foundation Inc
- Assets
- $4.3m
- Revenue
- $496.6k
- Investments
- $2.8m
- Employees
- 0
- Location
- San Jose, CA
- Founding
- 02/2003
- Data as of
- 12/2022
- EIN
- 77-0891712
Organization Overview
Ernest And Irene Pestana Charitable Foundation Inc is located in San Jose, CA. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Ernest And Irene Pestana Charitable Foundation Inc 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, Ernest And Irene Pestana Charitable Foundation Inc generated $496.6k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $161.7k during the year ending 12/2022. While expenses have increased by 9.2% per year over the past 5 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 2018, Ernest And Irene Pestana Charitable Foundation Inc has awarded 130 individual grants totaling $565,000. 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 |
|---|---|---|---|
Irene A Pestana President | 0 | $0 | |
Michael J Kelly Jr CPA Vp/treas/secr | 0 | $0 | |
Carolyn Guido Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $410,000 |
| Interest on Savings | $1,458 |
| Dividends & Interest | $75,734 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,419 |
| Capital Gain Net Income | $9,419 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $496,611 |
| 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 | $29,124 |
| Total operating and administrative expenses | $29,124 |
| Contributions, gifts, grants paid | $132,600 |
| Total expenses and disbursements | $161,724 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,347,625 |
| Savings and temporary cash investments | $182,909 |
| 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 | $2,799,862 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,330,396 |
| 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, Ernest And Irene Pestana Charitable Foundation Inc has awarded $132,600 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HEART ASSOCIATION PURPOSE: CONTRIBUTION TO THE AMERICAN HEART ASSOCIATION FOR THE PREVENTION OF HEART DISEASE. | $2,000 |
AMERICAN RED CROSS PURPOSE: THE AMERICAN RED CROSS PROVIDED DISASTER RELIEF SERVICES TO THE INDIVIDUALS INVOLVED IN THE SOUTH ASIA TSUNAMI. | $2,000 |
ST JUDE CHILDREN'S RES HOSP PURPOSE: THIS IS A CHILDREN'S HOSPITAL THAT PROVIDES MEDICAL CARE TO CHILDREN IN NEED. | $40,000 |
MAYO CLINIC FOUNDATION PURPOSE: THE PURPOSE OF THE GRANT WAS TO PROVIDE THE MAYO CLINIC WITH FUNDS TO BE UTILIZED IN THEIR CAMPAIGN AGAINST ALZHEIMER DISEASE AND MELANOMA RESEARCH EFFORTS. | $2,000 |
LEUKEMIA LYMPHOMA SOCIETY PURPOSE: THIS IS AN ORGANIZATION DEDICATED TO THE RESEARCH AND CURE OF LEUKEMIA AND LYMPHOMA. | $5,000 |
AMERICAN CANCER SOCIETY PURPOSE: CONTRIBUTION TO THE AMERICAN CANCER SOCIETY TO HELP AIDE IN THE TREATMENT OF CANCER PATIENTS. | $10,000 |