Bert L & Natalie K Vallee Foundation Inc
- Assets
- $61.4m
- Revenue
- $2.5m
- Investments
- $60.4m
- Employees
- 0
- Location
- Cambridge, MA
- Founding
- 06/1997
- Data as of
- 12/2023
- EIN
- 04-3333757
Organization Overview
Bert L & Natalie K Vallee Foundation Inc is located in Cambridge, MA. The organization was established in 1997. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bert L & Natalie K Vallee Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Bert L & Natalie K Vallee Foundation Inc generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $3.3m during the year ending 12/2023. While expenses have increased by 5.3% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Bert L & Natalie K Vallee Foundation Inc has awarded 56 individual grants totaling $8,887,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE VALLEE SCHOLARS PROGRAM (SEE ATTACHED STATEMENT)
VALLEE VISITING PROFESSORSHIP PROGRAM (SEE ATTACHED STATEMENT)
VALLEE SYMPOSIA PROGRAM (SEE ATTACHED STATEMENT)
DEI PROGRAM (SEE ATTACHED STATEMENT)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexa M Mason Executive Director/secretary | 35 | $218,199 | |
Peter Campot Treasurer/director | 1 | $8,000 | |
Jesper Z Haeggstrom Director | 1 | $8,000 | |
Wade Harper Director (as Of 6/9/2023) | 1 | $10,000 | |
Peter M Howley President/director | 1 | $8,000 | |
Elizabeth Huidekoper Assistant Treasurer/director | 1 | $8,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $101,498 |
| Dividends & Interest | $1,106,526 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,306,908 |
| Capital Gain Net Income | $1,603,845 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,029 |
| Total Revenue | $2,516,961 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $304,999 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $19,133 |
| Interest | $0 |
| Taxes | $33,410 |
| Depreciation | $0 |
| Occupancy | $27,049 |
| Travel, conferences, and meetings | $101,018 |
| Printing and publications | $433 |
| Other expenses | $416,984 |
| Total operating and administrative expenses | $1,060,610 |
| Contributions, gifts, grants paid | $2,230,000 |
| Total expenses and disbursements | $3,290,610 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,015 |
| Savings and temporary cash investments | $1,046,258 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $60,370,543 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $61,436,816 |
| Accounts payable and accrued expenses | $7,959 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,959 |
Grants Awarded
Over the last fiscal year, Bert L & Natalie K Vallee Foundation Inc has awarded $2,230,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN SOCIETY FOR BIOCHEMITRY AND MOLECULAR BIOLOGY PURPOSE: BERT & NATALIE VALLEE AWARD | $10,000 |
DR ANTHONY HYMANMAX PLANCK INSTITUT PURPOSE: VALLEE VISITING PROFESSORSHIP | $25,000 |
BARCELONA INSTITUTE OF SCIENCE TECH PURPOSE: VALLEE SCHOLAR AWARD | $340,000 |
DR FRANCES ARNOLD CALIFORNIA INSTIT PURPOSE: KUGGIE VALLEE DISTIGUISHED LECTURER | $20,000 |
DR ERIN SCHUMANMAX PLANCK INSTITUTE PURPOSE: VALLEE VISITING PROFESSORSHIP | $25,000 |
DR LI-HUEI TSAI THE PICOWER INSTITU PURPOSE: VALLEE VISITING PROFESSORSHIP | $25,000 |