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Nonprofiteer
← GRANT CARDONE FOUNDATION INC

Form 990 for tax year 2022

Filed by GRANT CARDONE FOUNDATION INC.

Totals

Total revenue
$846,501
Total expenses
$486,568
Contributions and grants received
$826,751
Grants paid
$142,926
Program service revenue
$0
Investment income
$19,750
Other revenue
$0
Total assets, end of year
$5,865,091
Total liabilities, end of year
$27,742
Net assets or fund balances, end of year
$5,837,349
Program services expenses (Part IX)
$222,926
Management and general expenses
$263,642
Fundraising expenses
$0
Program service expenses (Part III)
$222,926

Program services were 45.8% 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.

  • 1f · All other contributions, gifts and grants

    $826,751

  • 3 · Investment income

    total $19,750 · excluded $19,750

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $137,223 · program services $137,223

  • 2 · Grants to domestic individuals

    total $5,703 · program services $5,703

  • 7 · Other salaries and wages

    total $142,053 · management and general $142,053

  • 8 · Pension plan contributions

    total $3,185 · management and general $3,185

  • 10 · Payroll taxes

    total $31,453 · management and general $31,453

  • 11b · Fees: legal

    total $13,636 · management and general $13,636

  • 11c · Fees: accounting

    total $10,000 · management and general $10,000

  • 11g · Fees: other

    total $57,489 · management and general $57,489

  • 12 · Advertising and promotion

    total $1,000 · management and general $1,000

  • 13 · Office expenses

    total $2,965 · management and general $2,965

  • 17 · Travel

    total $1,560 · management and general $1,560

  • 24a · Other expenses: PROJECT 10X HUB

    total $80,000 · program services $80,000

  • 24b · Other expenses: PAYROLL EXPENSES

    total $301 · management and general $301

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $600

  • 2 · Savings and temporary cash investments

    beginning of year $2,922,825 · end of year $3,000,152

  • 7 · Other notes and loans receivable

    beginning of year $406,847 · end of year $719,254

  • 8 · Inventories for sale or use

    beginning of year $2,754

  • 15 · Other assets

    beginning of year $2,144,390 · end of year $2,145,685

  • 17 · Accounts payable and accrued expenses

    end of year $27,742

  • 27 · Net assets without donor restrictions

    beginning of year $5,477,416 · end of year $5,837,349

Mission and programs · 2022

Mission

NONE

Activities or mission (Part I)

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

  • GRANTS WERE MADE TO MULTIPLE EXEMPT ORGANIZATIONS WITH MISSIONS RELATED TO CARE AND DEVELOPMENT OF CHILDREN INCLDING FOSTER CHILDREN.THE ORGANIZATION ALSO PAID RENTS FOR TEMPORARY HOUSING FOR INDIVIDUALS WHO LOST THEIR HOMES DUE TO THE COLLAPSE OF THIER BUILDING.

    Expenses $142,926 · Grants $142,926

  • 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 $80,000

As filed on the 2022 return.

Listed in Part VII

  • Grant Cardone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • Jarrod Glandt

    PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Elena Cardone

    VP/DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sheri Hamilton

    SECRETARY/DIRECTOR

    Total calculated
    $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
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202323199349318712

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