Bert L & Natalie K Vallee Foundation Inc
- Assets
- $69.8m
- Revenue
- $4.8m
- Investments
- $66.7m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 06/1997
- Data as of
- 12/2021
- EIN
- 04-3333757
Organization Overview
Bert L & Natalie K Vallee Foundation Inc is located in Boston, 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 12/2021, Bert L & Natalie K Vallee Foundation Inc generated $4.8m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 46.8% each year . All expenses for the organization totaled $3.3m during the year ending 12/2021. While expenses have increased by 9.0% per year over the past 3 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 35 individual grants totaling $6,085,000. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE VALLEE SCHOLARS PROGRAM (SEE ATTACHED STATEMENT)
VALLEE SYMPOSIA PROGRAM (SEE ATTACHED STATEMENT)
PROGRAM TO SUPPORT DIVERSITY, EQUITY, AND INCLUSION (SEE ATTACHED STATEMENT)
THE BERT AND KUGGIE VALLEE AWARD IN BIOMEDICAL SCIENCE (SEE ATTACHED STATEMENT)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexa M Mason Executive Director | 35 | $194,220 | |
Carol Robinson Director | 1 | $8,000 | |
Elizabeth Huidekoper Asst. Treasurer/director | 1 | $8,000 | |
Lewis C Cantley Director | 1 | $8,000 | |
Gordon Hammes Vp/director | 1 | $8,000 | |
Jesper Z Haeggstrom Secretary/director | 1 | $8,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $321 |
| Dividends & Interest | $1,330,210 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,453,793 |
| Capital Gain Net Income | $6,078,435 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,784,324 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $293,220 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $17,354 |
| Interest | $0 |
| Taxes | $83,953 |
| Depreciation | $0 |
| Occupancy | $28,026 |
| Travel, conferences, and meetings | $140,993 |
| Printing and publications | $1,036 |
| Other expenses | $91,403 |
| Total operating and administrative expenses | $896,278 |
| Contributions, gifts, grants paid | $2,400,000 |
| Total expenses and disbursements | $3,296,278 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,387 |
| Savings and temporary cash investments | $3,120,392 |
| 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 | $66,689,019 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $69,815,798 |
| Accounts payable and accrued expenses | $2,092 |
| 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 | $2,092 |
Grants Awarded
Over the last fiscal year, Bert L & Natalie K Vallee Foundation Inc has awarded $2,400,000 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
Oakland, CA PURPOSE: VALLEE SCHOLAR AWARD | $390,000 |
Princeton, NJ PURPOSE: VALLEE SCHOLAR AWARD | $360,000 |
Cambridge, MA PURPOSE: VALLEE SCHOLAR AWARD | $350,000 |
STAATSOBERKASSE BAYERN FUR DIE LUDWIG MAXIMILIANS UNIVERSITAT MUNCHEN PURPOSE: VALLEE SCHOLAR AWARD | $340,000 |
UNIVERSITY OF ILLINOIS PURPOSE: VALLEE SCHOLAR AWARD | $340,000 |
UKRI MEDICAL RESEARCH COUNCIL PURPOSE: VALLEE SCHOLAR AWARD | $340,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John A Coleman School Yonkers, NY | $5,649,439 | $19,245,814 |
Halo Network Inc Amityville, NY | $5,984,377 | $20,823,404 |
Ascend Learning Inc Brooklyn, NY | $10,949,837 | $20,246,927 |
Pike School Inc Andover, MA | $31,746,911 | $18,230,890 |
Workforce Development Corp New York, NY | $20,852,099 | $12,566,315 |
International School Of Brooklyn Brooklyn, NY | $6,521,944 | $15,095,239 |
Watershed Agricultural Council Of The New York City Watersheds Inc Walton, NY | $8,601,609 | $14,819,769 |
North Atlantic States Carpenters Labor Management Program Boston, MA | $29,841,142 | $12,688,057 |
Purpose Foundation Island Park, NY | $1,585,866 | $11,041,724 |
Together Education Inc New York, NY | $57,079,543 | $31,828,853 |
St Stephens School Corporation New York, NY | $22,745,119 | $12,506,958 |
Aids Community Resources Syracuse, NY | $5,910,589 | $11,647,992 |