Vito-Clarke Foundation
- Assets
- $31.4k
- Revenue
- $10.0k
- Investments
- $27.9k
- Employees
- 0
- Location
- Annapolis, MD
- Founding
- 03/2005
- Data as of
- 09/2023
- EIN
- 05-0610428
Organization Overview
Vito-Clarke Foundation is located in Annapolis, MD. The organization was established in 2005. 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. Vito-Clarke 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 09/2023, Vito-Clarke Foundation generated $10.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $9.8k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John F Clarke III Manager | 1 | $0 | |
Barbara Vito Clarke Trustee | 0 | $0 | |
Katie Burley Patton Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $9,000 |
| Interest on Savings | $4 |
| Dividends & Interest | $941 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,967 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,085 |
| Printing and publications | $0 |
| Other expenses | $160 |
| Total operating and administrative expenses | $6,037 |
| Contributions, gifts, grants paid | $3,740 |
| Total expenses and disbursements | $9,777 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,054 |
| Savings and temporary cash investments | $496 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $31,404 |
| 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, Vito-Clarke Foundation has awarded $3,740 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
JOHNS HOPKINS KIMMEL CANCER CENTER PURPOSE: CANCER RESEARCH | $1,000 |
AMERICAN RED CROSS PURPOSE: DISASTER ASSISTANCE | $1,500 |
CHILD FUND INTERNATIONAL PURPOSE: FUND THE CHARITY | $240 |
WORLD CENTRAL KITCHEN PURPOSE: FUND THE CHARITY | $1,000 |