Mario & Alma Pastega Family Foundation
- Assets
- $17.4m
- Revenue
- $479.9k
- Investments
- $16.8m
- Employees
- 0
- Location
- Corvallis, OR
- Founding
- 02/1998
- Data as of
- 12/2022
- EIN
- 93-1232789
Organization Overview
Mario & Alma Pastega Family Foundation is located in Corvallis, OR. The organization was established in 1998. 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. Mario & Alma Pastega Family 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, Mario & Alma Pastega Family Foundation generated $479.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mario & Alma Pastega Family Foundation has awarded 274 individual grants totaling $2,817,196. 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 |
|---|---|---|---|
Ken Pastega President | 3 | $0 | |
Gary Pastega Secretary | 1 | $0 | |
Lisa Pastega Altig Director | 1 | $0 | |
Dennis Pastega Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $30,895 |
| Interest on Savings | $0 |
| Dividends & Interest | $430,714 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,281 |
| Capital Gain Net Income | $8,281 |
| Net ST Capital Gain | $0 |
| Income Modifications | $10,000 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,000 |
| Total Revenue | $479,890 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $48,680 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,320 |
| Total operating and administrative expenses | $152,668 |
| Contributions, gifts, grants paid | $1,000,910 |
| Total expenses and disbursements | $1,153,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,892 |
| Savings and temporary cash investments | $365,867 |
| 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 | $253,887 |
| Other assets | $0 |
| Total assets | $17,440,051 |
| 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, Mario & Alma Pastega Family Foundation has awarded $1,000,910 in support to 80 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HEART ASSOCIATION PURPOSE: 2022 GRANT | $2,500 |
ASSISTANCE LEAGUE OF CORVALLIS PURPOSE: 2022 GRANT | $1,000 |
AMERICAN RED CROSS PURPOSE: 2022 GRANT | $5,000 |
BENTON COUNTY FAIRGROUNDS FOUNDATION PURPOSE: 2022 GRANT | $15,000 |
BENTON COUNTY PUBLIC LIBRARY PURPOSE: 2022 GRANT | $1,000 |
BLAINE COUNTY HUNGER COALITION INC PURPOSE: FOOD RESCUE | $5,000 |