Vranos Foundation
- Assets
- $696.7k
- Revenue
- $2.9m
- Investments
- $657.2k
- Employees
- 0
- Location
- Pennington, NJ
- Founding
- 10/1997
- Data as of
- 12/2022
- EIN
- 13-3948273
Organization Overview
Vranos Foundation is located in Pennington, NJ. 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. Vranos 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 12/2022, Vranos Foundation generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $4.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Vranos Foundation has awarded 182 individual grants totaling $11,854,867. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Ledley Trustee | 0 | $0 | |
Michael Vranos Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,499,662 |
| Interest on Savings | $0 |
| Dividends & Interest | $34,679 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,341,980 |
| Capital Gain Net Income | $1,341,980 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,876,321 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $28,303 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $150 |
| Total operating and administrative expenses | $38,170 |
| Contributions, gifts, grants paid | $4,870,667 |
| Total expenses and disbursements | $4,908,837 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,357 |
| Savings and temporary cash investments | $24,156 |
| 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 | $457,162 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $696,675 |
| 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, Vranos Foundation has awarded $4,870,667 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
HARVARD UNIVERSITY PURPOSE: STEM CELL INSTITUTE | $1,000,000 |
WORCESTER POLYTECHNIC INSTITUTE PURPOSE: UNRESTRICTED GENERAL | $50,000 |
YALE NEW HAVEN HOSPITAL PURPOSE: UNRESTRICTED GENERAL | $25,000 |
HOPKINS SCHOOL PURPOSE: UNRESTRICTED GENERAL | $100,000 |
CLC OF FAIRFIELD COUNTY PURPOSE: UNRESTRICTED GENERAL | $75,000 |
SAVE THE SOUND PURPOSE: UNRESTRICTED GENERAL | $10,000 |