George & Dale Cavalletto Charities Tr

Larson David V Ttee

Santa Barbara, CA
Tax-exempt since Dec. 2007
EIN: 77-6192290

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Type of Nonprofit

Designated as a 501(c)(3) 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.

Revenue

$1.16M (2024)

Expenses

$1.57M (2024)

Total Assets

$25.7M (2024)

Total Liabilities

$0 (2024)

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

Revenue

$1,156,445

Expenses

$1,565,706

Net Income

-$409,261

Net Assets

$25,654,321

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$854,953	73.9%
Sales of Assets	$301,492	26.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,454,469	92.9%
Compensation of Officers*	$150,000	9.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$25,654,321
Total Liabilities	$0
Net Assets	$25,654,321

Compensation

Key Employees and Officers	Compensation	Other
Valerie J Fuette (Trustee)	$30,000	$0
Daniel R Cavalletto (Trustee)	$30,000	$2,873
Joseph F Green (Trustee)	$30,000	$0
David V Larson (Trustee)	$30,000	$0
Dennis W Reilly (Trustee)	$30,000	$0

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990-PF

Filed on May 12, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2023

Revenue

$914,308

Expenses

$1,450,191

Net Income

-$535,883

Net Assets

$26,063,582

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$804,519	88.0%
Sales of Assets	$109,789	12.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,356,486	93.5%
Compensation of Officers*	$150,000	10.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$26,063,582
Total Liabilities	$0
Net Assets	$26,063,582

Compensation

Key Employees and Officers	Compensation	Other
Valerie J Fuette (Trustee)	$30,000	$0
Daniel R Cavalletto (Trustee)	$30,000	$3,186
Joseph F Green (Trustee)	$30,000	$0
David V Larson (Trustee)	$30,000	$0
Dennis W Reilly (Trustee)	$30,000	$0

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990-PF

Filed on March 5, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2022

Revenue

$666,148

Expenses

$1,715,669

Net Income

-$1,049,521

Net Assets

$26,599,465

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$616,685	92.6%
Sales of Assets	$49,463	7.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,595,301	93.0%
Compensation of Officers*	$150,000	8.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$26,599,465
Total Liabilities	$0
Net Assets	$26,599,465

Compensation

Key Employees and Officers	Compensation	Other
Valerie J Fuette (Trustee)	$30,000	$0
Daniel R Cavalletto (Trustee)	$30,000	$0
Joseph F Green (Trustee)	$30,000	$0
David V Larson (Trustee)	$30,000	$0
Dennis W Reilly (Trustee)	$30,000	$0

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990-PF

Filed on July 21, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2021

Revenue

$1,339,439

Expenses

$1,556,409

Net Income

-$216,970

Net Assets

$27,648,986

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$632,947	47.3%
Sales of Assets	$706,436	52.7%
Other Income	$56	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,461,454	93.9%
Compensation of Officers*	$140,000	9.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$27,648,986
Total Liabilities	$0
Net Assets	$27,648,986

Compensation

Key Employees and Officers	Compensation	Other
Valerie J Fuette (Trustee)	$28,000	$0
Daniel R Cavalletto (Trustee)	$28,000	$0
Joseph F Green (Trustee)	$28,000	$0
David V Larson (Trustee)	$28,000	$0
Dennis W Reilly (Trustee)	$28,000	$0

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990-PF

Filed on July 19, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2020

Revenue

$609,997

Expenses

$1,458,560

Net Income

-$848,563

Net Assets

$27,865,955

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$489,063	80.2%
Sales of Assets	$120,674	19.8%
Other Income	$260	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,355,565	92.9%
Compensation of Officers*	$140,000	9.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$27,865,956
Total Liabilities	$1
Net Assets	$27,865,955

Compensation

Key Employees and Officers	Compensation	Other
Valerie J Fuette (Trustee)	$28,000	$0
Daniel R Cavalletto (Trustee)	$28,000	$2,041
Joseph F Green (Trustee)	$28,000	$0
David V Larson (Trustee)	$28,000	$0
Dennis W Reilly (Trustee)	$28,000	$0

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990-PF

Filed on Oct. 1, 2021

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2019

Revenue

$3,636,031

Expenses

$1,774,041

Net Income

$1,861,990

Net Assets

$28,714,518

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$582,021	16.0%
Sales of Assets	$3,054,010	84.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,572,016	88.6%
Compensation of Officers*	$152,500	8.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$28,714,519
Total Liabilities	$1
Net Assets	$28,714,518

Compensation

Key Employees and Officers	Compensation	Other
David V Larson Cpa (Trustee)	$40,500	$0
Valerie J Fuette (Trustee)	$28,000	$0
Daniel R Cavalletto (Trustee)	$28,000	$2,503
Joseph F Green Esq (Trustee)	$28,000	$0
Dennis W Reilly Esq (Trustee)	$28,000	$0

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990-PF

Filed on Nov. 10, 2020

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2018

Revenue

$2,997,112

Expenses

$1,741,130

Net Income

$1,255,982

Net Assets

$26,852,529

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$2,360,977	78.8%
Sales of Assets	$629,257	21.0%
Other Income	$6,878	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,578,675	90.7%
Compensation of Officers*	$140,000	8.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$26,852,529
Total Liabilities	$0
Net Assets	$26,852,529

Compensation

Key Employees and Officers	Compensation	Other
Valerie J Fuette (Trustee)	$28,000	$0
Daniel R Cavalletto (Trustee)	$28,000	$2,413
Joseph F Green Esq (Trustee)	$28,000	$0
David V Larson Cpa (Trustee)	$28,000	$0
Dennis W Reilly Esq (Trustee)	$28,000	$0

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990-PF

Filed on Nov. 11, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$1,906,261

Expenses

$1,725,093

Net Income

$181,168

Net Assets

$25,596,547

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,541,881	80.9%
Sales of Assets	$360,834	18.9%
Other Income	$3,546	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,543,110	89.5%
Compensation of Officers*	$140,000	8.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$25,596,547
Total Liabilities	$0
Net Assets	$25,596,547

Compensation

Key Employees and Officers	Compensation	Other
Valerie J Fuette (Trustee)	$28,000	$0
Daniel R Cavalletto (Trustee)	$28,000	$1,804
Joseph F Green Esq (Trustee)	$28,000	$0
David V Larson Cpa (Trustee)	$28,000	$0
Dennis W Reilly Esq (Trustee)	$28,000	$0

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990-PF

Filed on Nov. 5, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$1,389,411

Expenses

$1,540,722

Net Income

-$151,311

Net Assets

$25,415,379

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$479,231	34.5%
Sales of Assets	$910,126	65.5%
Other Income	$54	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,366,872	88.7%
Compensation of Officers*	$145,000	9.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$25,415,379
Total Liabilities	$0
Net Assets	$25,415,379

Compensation

Key Employees and Officers	Compensation	Other
Valerie J Fuette (Trustee)	$29,000	$0
Daniel R Cavalletto (Trustee)	$29,000	$1,877
Joseph F Green Esq (Trustee)	$29,000	$0
David V Larson Cpa (Trustee)	$29,000	$0
Dennis W Reilly Esq (Trustee)	$29,000	$0

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990-PF

Filed on Nov. 13, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$1,317,905

Expenses

$1,750,580

Net Income

-$432,675

Net Assets

$25,566,690

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,008,327	76.5%
Sales of Assets	$298,894	22.7%
Other Income	$10,684	0.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,596,093	91.2%
Compensation of Officers*	$145,000	8.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$25,566,690
Total Liabilities	$0
Net Assets	$25,566,690

Compensation

Key Employees and Officers	Compensation	Other
Valerie J Fuette (Trustee)	$29,000	$0
Daniel R Cavalletto (Trustee)	$29,000	$2,486
Joseph F Green Esq (Trustee)	$29,000	$0
David V Larson Cpa (Trustee)	$29,000	$0
Dennis W Reilly Esq (Trustee)	$29,000	$0

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990-PF

Filed on Oct. 10, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$1,565,206

Expenses

$1,714,400

Net Income

-$149,194

Net Assets

$25,999,365

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$548,353	35.0%
Sales of Assets	$869,809	55.6%
Other Income	$1,453	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,571,561	91.7%
Compensation of Officers*	$135,000	7.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$25,999,365
Total Liabilities	$0
Net Assets	$25,999,365

Compensation

Key Employees and Officers	Compensation	Other
Valerie J Fuette (Trustee)	$27,000	$0
Daniel R Cavalletto (Trustee)	$27,000	$1,669
Joseph F Green Esq (Trustee)	$27,000	$0
David V Larson Cpa (Trustee)	$27,000	$0
Dennis W Reilly Esq (Trustee)	$27,000	$0

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990-PF

Filed on July 7, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$2,517,224

Expenses

$1,671,320

Net Income

$845,904

Net Assets

$26,148,559

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$449,067	17.8%
Sales of Assets	$1,943,704	77.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,559,114	93.3%
Compensation of Officers*	$132,000	7.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$26,148,559
Total Liabilities	$0
Net Assets	$26,148,559

Compensation

Key Employees and Officers	Compensation	Other
Valerie J Fuette (Trustee)	$26,400	$0
Daniel R Cavalletto (Trustee)	$26,400	$1,458
Joseph F Green Esq (Trustee)	$26,400	$0
David V Larson Cpa (Trustee)	$26,400	$0
Dennis W Reilly Esq (Trustee)	$26,400	$0

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990-PF

Filed on May 5, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

$1,059,185

Expenses

$1,618,389

Net Income

-$559,204

Net Assets

$25,302,654

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$535,899	50.6%
Sales of Assets	$354,862	33.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,398,942	86.4%
Compensation of Officers*	$130,000	8.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$25,302,655
Total Liabilities	$1
Net Assets	$25,302,654

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$2,814,449

Expenses

$1,730,400

Net Income

$1,084,049

Net Assets

$25,861,858

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$386,387	13.7%
Interest Revenue	$0
Dividends	$620,976	22.1%
Sales of Assets	$1,608,993	57.2%
Other Income	$8,902	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,485,620	85.9%
Compensation of Officers*	$120,000	6.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$25,861,859
Total Liabilities	$1
Net Assets	$25,861,858

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

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George & Dale Cavalletto Charities Tr

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $1.16M (2024)

Expenses $1.57M (2024)

Total Assets $25.7M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$1.16M (2024)

Expenses

$1.57M (2024)

Total Assets

$25.7M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

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2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

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Fiscal Year Ending Dec.
2001