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Lato Family Foundation Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$47.2k (2024)

Expenses
$73.9k (2024)

Total Assets
$656k (2024)

Total Liabilities
$47k (2024)

Years with missing data
Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$47,196
Expenses
$73,886
Net Income
-$26,690
Net Assets
$609,105
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $8,589
18.2%
Dividends $10,296
21.8%
Sales of Assets $28,311
60.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $8,886
12.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $656,105
Total Liabilities $47,000
Net Assets $609,105
Compensation
Key Employees and Officers Compensation Other
Joan M Lato (Pres/Treas) $0 $0
Gary J Lato (Vp/Secr) $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$12,015
Expenses
$85,659
Net Income
-$73,644
Net Assets
$635,795
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $4,152
34.6%
Dividends $10,940
91.1%
Sales of Assets -$3,077
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $85,659
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $659,320
Total Liabilities $23,525
Net Assets $635,795
Compensation
Key Employees and Officers Compensation Other
Joan M Lato (Pres/Treas) $0 $0
Gary J Lato (Vp/Secr) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$31,386
Expenses
$98,050
Net Income
-$129,436
Net Assets
$709,439
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $65
Dividends $14,406
Sales of Assets -$45,857
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $98,050
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $740,783
Total Liabilities $31,344
Net Assets $709,439
Compensation
Key Employees and Officers Compensation Other
Joan M Lato (Pres Treas) $0 $0
Gary J Lato (Vp Secr) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$50,913
Expenses
$118,951
Net Income
-$68,038
Net Assets
$838,875
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $12
0.0%
Dividends $29,480
57.9%
Sales of Assets $21,421
42.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $118,951
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $858,875
Total Liabilities $20,000
Net Assets $838,875
Compensation
Key Employees and Officers Compensation Other
Joan M Lato (Pres Treas) $0 $0
Gary J Lato (Vp Treas) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$384
Expenses
$110,068
Net Income
-$109,684
Net Assets
$906,913
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $34
8.9%
Dividends $13,919
> 100%
Sales of Assets -$13,569
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $110,068
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $965,413
Total Liabilities $58,500
Net Assets $906,913
Compensation
Key Employees and Officers Compensation Other
Joan Lato (President) $0 $0
Gary J Lato (Vp Treas) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$27,686
Expenses
$108,714
Net Income
-$81,028
Net Assets
$1,016,597
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $173
0.6%
Dividends $27,513
99.4%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $108,714
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,083,597
Total Liabilities $67,000
Net Assets $1,016,597

Document Links

Fiscal Year Ending Dec.
2018

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2017

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$70,972
Expenses
$137,014
Net Income
-$66,042
Net Assets
$1,427,938
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $66
0.1%
Dividends $48,322
68.1%
Sales of Assets $22,584
31.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $137,014
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,439,938
Total Liabilities $12,000
Net Assets $1,427,938

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$180,163
Expenses
$145,823
Net Income
$34,340
Net Assets
$1,503,480
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $65
0.0%
Dividends $56,545
31.4%
Sales of Assets $123,553
68.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $145,823
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,505,980
Total Liabilities $2,500
Net Assets $1,503,480

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$61,864
Expenses
$209,405
Net Income
-$147,541
Net Assets
$1,471,640
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $100
0.2%
Dividends $61,764
99.8%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $209,405
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,553,740
Total Liabilities $82,100
Net Assets $1,471,640

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$63,866
Expenses
$238,328
Net Income
-$174,462
Net Assets
$1,731,668
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $102
0.2%
Dividends $63,764
99.8%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $238,328
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,759,368
Total Liabilities $27,700
Net Assets $1,731,668

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$203,876
Expenses
$273,102
Net Income
-$69,226
Net Assets
$1,970,726
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $149
0.1%
Dividends $69,606
34.1%
Sales of Assets $134,121
65.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $273,102
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,988,581
Total Liabilities $17,855
Net Assets $1,970,726

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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