Intero Foundation
- Assets
- $1.9m
- Revenue
- $325.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Cupertino, CA
- Founding
- 10/2003
- Data as of
- 12/2023
- EIN
- 87-0688284
Organization Overview
Intero Foundation is located in Cupertino, CA. The organization was established in 2003. According to its NTEE Classification (T30) the organization is classified as: Public 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. Intero 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, Intero Foundation generated $325.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $349.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2023, Intero Foundation has awarded 24 individual grants totaling $287,000. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO POSITIVELY IMPACT THE GROWTH AND WELL-BEING OF CHILDREN IN THE COMMUNITIES WE SERVE. TO DO SO, WE RAISE AND DONATE MONEY TO LOCAL ORGANIZATIONS THAT FOCUS ON SUPPORTING AND ASSISTING CHILDREN WITH EDUCATION, HEALTH, AND PERSONAL DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERO FOUNDATION SEEKS TO POSITIVELY IMPACT THE WELL-BEING OF CHILDREN IN THE COMMUNITIES WE SERVE BY PROVIDING MONETARY SUPPORT TO OTHER LOCALLY BASED CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Crane Chairman Of The Board | OfficerTrustee | 1 | $0 |
John Thompson Board Member | Trustee | 1 | $0 |
Vicki Ferrando Board Member | Trustee | 1 | $0 |
Stephani Hicks President | OfficerTrustee | 1 | $0 |
Cecilia Crisotomo Secretary | OfficerTrustee | 1 | $0 |
Ana Maria Russo Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $20,481 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $298,058 |
| Noncash contributions included in lines 1a–1f | $331 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $318,539 |
| Total Program Service Revenue | $0 |
| Investment income | $37,567 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$30,821 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $325,285 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $310,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,313 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $349,378 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $236,045 |
| Savings and temporary cash investments | $7,788 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,700,776 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,944,609 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $1,944,609 |
| Total liabilities and net assets/fund balances | $1,944,609 |
Grants Awarded
Over the last fiscal year, Intero Foundation has awarded $287,000 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
LIGHTHOUSE FOR THE BLIND PURPOSE: provide financial support to organization helping children and youth | $11,000 |
JACOB'S HEART CHILDRENS CANCER SERVICE PURPOSE: provide financial support to organization helping children and youth | $11,000 |
FRESH LIFELINE FOR YOUTH PURPOSE: provide financial support to organization helping children and youth | $25,000 |
NATURAL RESOURCES-FAMILY ASSIST PROGRAM PURPOSE: provide financial support to organization helping children and youth | $11,000 |
VILLAGES OF SAN MATEO (HOME PROTECTION PROG) PURPOSE: provide financial support to organization helping children and youth | $11,000 |
NO TIME TO WASTE PURPOSE: provide financial support to organization helping children and youth | $11,000 |