Claro Family Charitable Foundation
- Assets
- $522.4k
- Revenue
- $108.2k
- Investments
- $471.0k
- Employees
- 0
- Location
- Covina, CA
- Founding
- 12/2017
- Data as of
- 12/2023
- EIN
- 81-4742286
Organization Overview
Claro Family Charitable Foundation is located in Covina, CA. The organization was established in 2017. 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. Claro Family Charitable 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, Claro Family Charitable Foundation generated $108.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.7% each year . All expenses for the organization totaled $23.3k during the year ending 12/2023. While expenses have increased by 5.1% per year over the past 7 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen A Claro President | 2 | $0 | |
Jessica R Hall Secretary | 2 | $0 | |
Lisa M Skatvold Treasurer | 2 | $0 | |
Stephen A Claro Jr Ch Giving Off. | 2 | $0 | |
Andrew Hall Director | 2 | $0 | |
Daniel Skatvold Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $260 |
| Dividends & Interest | $11,417 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $46,528 |
| Total Revenue | $108,205 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $50 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,035 |
| Total operating and administrative expenses | $1,085 |
| Contributions, gifts, grants paid | $22,240 |
| Total expenses and disbursements | $23,325 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,315 |
| 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 | $471,047 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $522,362 |
| Accounts payable and accrued expenses | $4,040 |
| 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 | $4,040 |
Grants Awarded
Over the last fiscal year, Claro Family Charitable Foundation has awarded $22,240 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
FOOTHILL CHURCH SCHOOL EDUC FOUNDAT PURPOSE: PROGRAM | $2,000 |
VARIETY-THE CHILDREN'S CHARITY OF S PURPOSE: PROGRAM | $12,200 |
OPTIONS FOR LIFE FOUNDATION PURPOSE: PROGRAM | $2,000 |
REACH BEYOND PURPOSE: PROGRAM | $2,000 |
HEALTH EDUCATION AFRICA RESOURCE TE PURPOSE: PROGRAM | $2,040 |
RAMONA PARLOR 109 PURPOSE: PROGRAM | $500 |