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Nonprofiteer
← GRANT CARDONE FOUNDATION INC

Form 990 for tax year 2024

Filed by GRANT CARDONE FOUNDATION INC.

Totals

Total revenue
$3,962,014
Total expenses
$632,000
Contributions and grants received
$2,582,372
Grants paid
$150,316
Program service revenue
$0
Investment income
$151,947
Other revenue
$1,227,695
Total assets, end of year
$10,380,395
Total liabilities, end of year
$52,368
Net assets or fund balances, end of year
$10,328,027
Program services expenses (Part IX)
$521,422
Management and general expenses
$80,156
Fundraising expenses
$30,422
Program service expenses (Part III)
$521,422

Program services were 82.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $1,706,113

  • 1f · All other contributions, gifts and grants

    $876,259

  • 3 · Investment income

    total $151,947 · excluded $151,947

  • 8a · Fundraising events: gross income

    $3,136,270

  • 8a · Fundraising events: contributions included on line 1c

    $1,706,113

  • 8b · Fundraising events: direct expenses

    $1,909,558

  • 8c · Net income from fundraising events

    total $1,226,712 · excluded $1,226,712

  • 11a · Other revenue: CASH BACK REWARDS

    total $983 · related or exempt $983

  • 11e · Other revenue, total

    $983

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $150,316 · program services $150,316

  • 5 · Compensation of officers, directors and key employees

    total $37,082 · program services $29,666 · management and general $3,708 · fundraising $3,708

  • 7 · Other salaries and wages

    total $103,839 · program services $83,071 · management and general $10,384 · fundraising $10,384

  • 8 · Pension plan contributions

    total $2,950 · program services $2,360 · management and general $295 · fundraising $295

  • 10 · Payroll taxes

    total $11,460 · program services $9,168 · management and general $1,146 · fundraising $1,146

  • 11c · Fees: accounting

    total $25,957 · management and general $25,957

  • 13 · Office expenses

    total $37,382 · program services $29,906 · management and general $3,738 · fundraising $3,738

  • 14 · Information technology

    total $2,993 · program services $2,395 · management and general $299 · fundraising $299

  • 24a · Other expenses: PROGRAM EXPENSES

    total $122,423 · program services $122,423

  • 24b · Other expenses: BANK SERVICE CHARGE FEE

    total $59,223 · program services $47,379 · management and general $5,922 · fundraising $5,922

  • 24c · Other expenses: MERCHANT SERVICE CHARGE

    total $49,297 · program services $39,437 · management and general $4,930 · fundraising $4,930

  • 24d · Other expenses: ARLIN HOLDINGS FEES AND

    total $23,777 · management and general $23,777

  • 24e · All other expenses

    total $5,301 · program services $5,301

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $2,094,665 · end of year $5,438,135

  • 4 · Accounts receivable

    beginning of year $84,000 · end of year $0

  • 15 · Other assets

    beginning of year $5,897,107 · end of year $4,942,260

  • 17 · Accounts payable and accrued expenses

    beginning of year $66,358 · end of year $52,368

  • 27 · Net assets without donor restrictions

    beginning of year $8,009,414 · end of year $10,328,027

Mission and programs · 2024

Mission

TO PROVIDE MENTORING AND FINANCIAL LITERACY EDUCATION THAT EMPOWERS INDIVIDUALS TO ACHIEVE PERSONAL AND ECONOMIC STABILITY. WE FOCUS ESPECIALLY ON SERVING UNDERPRIVILEGED, AT-RISK, AND ECONOMICALLY DISADVANTAGED POPULATIONS BY OFFERING GUIDANCE, RESOURCES, AND SUPPORT DESIGNED TO BUILD CONFIDENCE, PROMOTE INFORMED FINANCIAL DECISION-MAKING, AND FOSTER PATHWAYS TOWARD LONG-TERM SUCCESS.

Activities or mission (Part I)

TO PROVIDE MENTORING AND FINANCIAL LITERACY EDUCATION, ESPECIALLY SERVING THE UNDERPRIVILEGED, AT-RISK POPULATION, AND THE ECONOMICALLY DISADVANTAGED.

  • THE FOUNDATION SUPPORTS A RANGE OF IMPACTFUL PROGRAMS AIMED AT ENHANCING THE EDUCATION, MENTORSHIP, AND OVERALL DEVELOPMENT OF YOUNG CHILDREN AND ADOLESCENTS. THESE INITIATIVES PROVIDE CRITICAL RESOURCES, INCLUDING CAREER GUIDANCE, TO HELP YOUTH BUILD A STRONG FOUNDATION FOR THE FUTURE. THE FOUNDATION PLACES A PARTICULAR EMPHASIS ON HIGH-IMPACT EDUCATIONAL PROGRAMS CENTERED ON FINANCIAL LITERACY, ENTREPRENEURSHIP, AND PERSONAL DEVELOPMENT.THE FOUNDATION AWARDS GRANTS TO VARIOUS TAX-EXEMPT ORGANIZATIONS WHOSE MISSIONS ALIGN WITH THE CARE AND DEVELOPMENT OF CHILDREN, INCLUDING THOSE IN THE FOSTER CARE SYSTEM. THROUGH THESE EFFORTS, THE FOUNDATION SEEKS TO CREATE LASTING POSITIVE CHANGE IN THE LIVES OF YOUNG PEOPLE.

    Expenses $391,310 · Grants $150,316

  • THE ORGANIZATION CONTINUED ITS 10X HUB PROJECT IN SOUTH AFRICA. THE PROJECT HELPED TO DEVELOP NEW BUSINESSES AND TRAIN ENTREPRENEURS. IT ALSO SERVES AS A MENTORSHIP HUB FOR ADOLESCENTS WITHOUT FATHERS IN AN AREA THAT HAS A HIGH PERCENTAGE OF CHILDREN GROWING UP WITHOUT A FATHER.

    Expenses $130,112

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Grant Cardone

    DIRECTOR, FOUNDER

    Total calculated
    $0
    Hours/week
    10

  • Jarrod Glandt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Elena Cardone

    DIRECTOR, CO-FOUNDER

    Total calculated
    $0
    Hours/week
    2

  • Sheri Hamilton

    CHARIMAN

    Total calculated
    $0
    Hours/week
    2

  • Dj Irie

    DIRECTOR

    Total calculated
    $13,083
    From this org
    $13,083
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Claudienne Hibbert- Smith

    DIRECTOR

    Total calculated
    $12,000
    From this org
    $12,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Edward Haynes

    DIRECTOR

    Total calculated
    $12,000
    From this org
    $12,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202533219349300438

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