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Nonprofiteer
← GRANT CARDONE FOUNDATION INC

Form 990 for tax year 2023

Filed by GRANT CARDONE FOUNDATION INC.

Totals

Total revenue
$502,145
Total expenses
$636,679
Contributions and grants received
$407,852
Grants paid
$274,967
Program service revenue
$0
Investment income
$98,381
Other revenue
-$4,088
Total assets, end of year
$8,075,772
Total liabilities, end of year
$66,358
Net assets or fund balances, end of year
$8,009,414
Program services expenses (Part IX)
$414,704
Management and general expenses
$221,975
Fundraising expenses
$0
Program service expenses (Part III)
$414,704

Program services were 65.1% 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

    $407,852

  • 3 · Investment income

    total $98,381 · excluded $98,381

  • 8a · Fundraising events: gross income

    $0

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

    $407,852

  • 8b · Fundraising events: direct expenses

    $5,900

  • 8c · Net income from fundraising events

    total -$5,900 · excluded -$5,900

  • 11a · Other revenue: ARLIN HOLDINGS, LLC -

    total $23,887 · excluded $23,887

  • 11b · Other revenue: ARLIN HOLDINGS, LLC

    total $10,813 · excluded $10,813

  • 11c · Other revenue: ARLIN HOLDINGS, LLC -

    total -$5,153 · excluded -$5,153

  • 11d · All other revenue

    total -$27,735 · excluded -$27,735

  • 11e · Other revenue, total

    $1,812

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $274,467 · program services $274,467

  • 2 · Grants to domestic individuals

    total $500 · program services $500

  • 7 · Other salaries and wages

    total $157,458 · management and general $157,458

  • 8 · Pension plan contributions

    total $2,128 · management and general $2,128

  • 10 · Payroll taxes

    total $13,171 · management and general $13,171

  • 11b · Fees: legal

    total $10,500 · management and general $10,500

  • 11c · Fees: accounting

    total $8,279 · management and general $8,279

  • 11g · Fees: other

    total $13,814 · management and general $13,814

  • 13 · Office expenses

    total $429 · management and general $429

  • 24a · Other expenses: PITCH OFF COMPETITION

    total $93,775 · program services $93,775

  • 24b · Other expenses: MENTOR WORKSHOPS

    total $23,049 · program services $23,049

  • 24c · Other expenses: IRIE MUSIC

    total $22,913 · program services $22,913

  • 24d · Other expenses: BUSINESS EXPENSES

    total $13,039 · management and general $13,039

  • 24e · All other expenses

    total $3,157 · management and general $3,157

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,000,152 · end of year $2,094,665

  • 4 · Accounts receivable

    end of year $84,000

  • 7 · Other notes and loans receivable

    beginning of year $719,254 · end of year $0

  • 15 · Other assets

    beginning of year $2,145,685 · end of year $5,897,107

  • 17 · Accounts payable and accrued expenses

    beginning of year $27,742 · end of year $66,358

  • 27 · Net assets without donor restrictions

    beginning of year $5,837,349 · end of year $8,009,414

Mission and programs · 2023

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.

  • 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 $309,704 · Grants $169,967

  • 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 $105,000 · Grants $105,000

As filed on the 2023 return.

Listed in Part VII

  • Grant Cardone

    DIRECTOR/ FOUNDER

    Total calculated
    $0
    Hours/week
    10

  • Jarrod Glandt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • Elena Cardone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sheri Hamilton

    CHAIRMAN/ SECRETARY

    Total calculated
    $0
    Hours/week
    10

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
2023
Filed
28 April 2025
IRS schema version
2023v6.0
Source object
202541219349301034

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