Frank & Ruth E Caruso Foundation Inc

New York, NY
Tax-exempt since April 2003
EIN: 82-0581784

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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

$274k (2024)

Expenses

$247k (2024)

Total Assets

$4.14M (2024)

Total Liabilities

$0 (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

Revenue

$273,954

Expenses

$246,778

Net Income

$27,176

Net Assets

$4,137,046

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$65,964	24.1%
Dividends	$120,753	44.1%
Sales of Assets	$87,237	31.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$210,102	85.1%
Compensation of Officers*	$89,881	36.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,137,046
Total Liabilities	$0
Net Assets	$4,137,046

Compensation

Key Employees and Officers	Compensation	Other
Lisa Turngren (President)	$86,381	$6,771
Edward Turngren (Vice President)	$1,750	$0
Cynthia Turngren (Secretary (From 03/2024))	$1,750	$0
Carmela Turngren (Secretary (Thru 03/2024))	$0	$0

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990-PF

Filed on April 7, 2025

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$312,040

Expenses

$262,348

Net Income

$49,692

Net Assets

$4,109,870

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$334	0.1%
Dividends	$79,545	25.5%
Sales of Assets	$232,161	74.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$231,543	88.3%
Compensation of Officers*	$88,222	33.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,109,870
Total Liabilities	$0
Net Assets	$4,109,870

Compensation

Key Employees and Officers	Compensation	Other
Lisa Turngren (President)	$84,722	$6,638
Edward Turngren (Vice President)	$1,750	$0
Carmela Turngren (Secretary)	$1,750	$0

990-PF

Filed on April 18, 2024

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2022

Revenue

$124,004

Expenses

$283,812

Net Income

-$159,808

Net Assets

$4,060,178

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$852	0.7%
Dividends	$51,938	41.9%
Sales of Assets	$71,214	57.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$245,526	86.5%
Compensation of Officers*	$83,525	29.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,060,178
Total Liabilities	$0
Net Assets	$4,060,178

Compensation

Key Employees and Officers	Compensation	Other
Lisa Turngren (President)	$80,025	$6,262
Edward Turngren (Vice President)	$1,750	$0
Carmela Turngren (Secretary)	$1,750	$0

990-PF

Filed on April 12, 2023

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$368,114

Expenses

$279,536

Net Income

$88,578

Net Assets

$4,219,986

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$146	0.0%
Dividends	$53,651	14.6%
Sales of Assets	$314,317	85.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$242,158	86.6%
Compensation of Officers*	$77,727	27.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,219,986
Total Liabilities	$0
Net Assets	$4,219,986

Compensation

Key Employees and Officers	Compensation	Other
Lisa Turngren (President)	$74,227	$5,798
Edward Turngren (Vice President)	$1,750	$0
Carmela Turngren (Secretary)	$1,750	$0

990-PF

Filed on April 26, 2022

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

-$172,689

Expenses

$278,190

Net Income

-$450,879

Net Assets

$4,131,408

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$458
Dividends	$64,575
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$241,834	86.9%
Compensation of Officers*	$75,616	27.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,131,601
Total Liabilities	$193
Net Assets	$4,131,408

Compensation

Key Employees and Officers	Compensation	Other
Lisa Turngren (President)	$72,116	$5,629
Edward Turngren (Vice President)	$1,750	$0
Carmela Turngren (Secretary)	$1,750	$0
Joseph Caruso Through May 2020 (Trustee)	$0	$0

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990-PF

Filed on April 15, 2021

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$240,714

Expenses

$296,385

Net Income

-$55,671

Net Assets

$4,582,286

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,274	0.9%
Dividends	$105,958	44.0%
Sales of Assets	$132,482	55.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$241,844	81.6%
Compensation of Officers*	$72,910	24.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,582,287
Total Liabilities	$1
Net Assets	$4,582,286

Compensation

Key Employees and Officers	Compensation	Other
Lisa Turngren (President)	$69,410	$5,413
Edward Turngren (Vice President)	$1,750	$0
Carmela Turngren (Secretary)	$1,750	$0
Joseph Caruso (Trustee)	$0	$0

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990-PF

Filed on May 4, 2020

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

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

990-PF

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

PDF

Fiscal Year Ending Dec.
2017

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

990-PF

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

PDF

Fiscal Year Ending Dec.
2016

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

990-PF

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

PDF

Fiscal Year Ending Dec.
2015

Revenue

$300,110

Expenses

$286,715

Net Income

$13,395

Net Assets

$4,470,416

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$144	0.0%
Dividends	$81,713	27.2%
Sales of Assets	$218,253	72.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$247,601	86.4%
Compensation of Officers*	$59,796	20.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,470,416
Total Liabilities	$0
Net Assets	$4,470,416

990-PF

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

PDF

Fiscal Year Ending Dec.
2014

Revenue

$350,725

Expenses

$277,689

Net Income

$73,036

Net Assets

$4,457,021

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$140	0.0%
Dividends	$82,126	23.4%
Sales of Assets	$268,459	76.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$241,538	87.0%
Compensation of Officers*	$57,480	20.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,457,021
Total Liabilities	$0
Net Assets	$4,457,021

990-PF

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

PDF

Fiscal Year Ending Dec.
2013

Revenue

$314,831

Expenses

$264,194

Net Income

$50,637

Net Assets

$4,383,985

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$146	0.0%
Dividends	$83,557	26.5%
Sales of Assets	$231,128	73.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$231,468	87.6%
Compensation of Officers*	$55,500	21.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,383,985
Total Liabilities	$0
Net Assets	$4,383,985

990-PF

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

PDF

Fiscal Year Ending Dec.
2012

Revenue

$198,976

Expenses

$250,642

Net Income

-$51,666

Net Assets

$4,333,348

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$171	0.1%
Dividends	$103,569	52.1%
Sales of Assets	$95,236	47.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$220,033	87.8%
Compensation of Officers*	$52,500	20.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,333,348
Total Liabilities	$0
Net Assets	$4,333,348

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$295,390

Expenses

$241,348

Net Income

$54,042

Net Assets

$4,385,014

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$138	0.0%
Dividends	$99,412	33.7%
Sales of Assets	$196,239	66.4%
Other Income	-$399

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$208,488	86.4%
Compensation of Officers*	$51,750	21.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,385,014
Total Liabilities	$0
Net Assets	$4,385,014

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

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Updated April 20, 2026

Frank & Ruth E Caruso Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $274k (2024)

Expenses $247k (2024)

Total Assets $4.14M (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

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2017

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2016

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Revenue

$274k (2024)

Expenses

$247k (2024)

Total Assets

$4.14M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
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

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002