The@michael And Vincenza Vinciullo Charitable Foundation
- Assets
- $1.8m
- Revenue
- $99.8k
- Investments
- $1.8m
- Employees
- 0
- Location
- Concord, MA
- Founding
- 08/1997
- Data as of
- 06/2023
- EIN
- 04-6820139
Organization Overview
The@michael And Vincenza Vinciullo Charitable Foundation is located in Concord, MA. The organization was established in 1997. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. The@michael And Vincenza Vinciullo Charitable Foundation 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 06/2023, The@michael And Vincenza Vinciullo Charitable Foundation generated $99.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $288.6k during the year ending 06/2023. While expenses have increased by 8.5% per year over the past 8 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 2015, The@michael And Vincenza Vinciullo Charitable Foundation has awarded 155 individual grants totaling $1,241,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Howell Trustee/treasurer | 1.25 | $5,000 | |
Michael Paladina Secretary | 0.25 | $3,500 | |
Daniel F Loughry Trustee | 0.25 | $2,500 | |
Lois M Loughry Trustee | 0.25 | $2,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $57,865 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $41,956 |
| Capital Gain Net Income | $41,956 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $99,821 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $13,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $70 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $101 |
| Printing and publications | $0 |
| Other expenses | $1,508 |
| Total operating and administrative expenses | $56,642 |
| Contributions, gifts, grants paid | $232,000 |
| Total expenses and disbursements | $288,642 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,280 |
| Savings and temporary cash investments | $0 |
| 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 | $6,607 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,781,961 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, The@michael And Vincenza Vinciullo Charitable Foundation has awarded $232,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
AUSTIN PREPARATORY SCHOOL PURPOSE: GENERAL USE | $10,000 |
BENTLEY UNIVERSITY PURPOSE: GENERAL USE | $10,000 |
MERRIMACK COLLEGE PURPOSE: GERERAL USEGENERAL USE | $10,000 |
CARROLL CENTER FOR THE BLIND PURPOSE: GENERAL USEGENERAL USE | $14,000 |
ITALIAN HOME FOR CHILDREN PURPOSE: GENERAL USE | $14,000 |
LAHEY HOSPITAL & MEDICAL CENTER PURPOSE: GENERAL USE | $14,000 |