Virginia B Toulmin Charitable Foundation Iii 20-102080246164
- Assets
- $118.8m
- Revenue
- $5.7m
- Investments
- $109.8m
- Employees
- 0
- Location
- Cresskill, NJ
- Founding
- 01/2004
- Data as of
- 10/2023
- EIN
- 13-7385769
Organization Overview
Virginia B Toulmin Charitable Foundation Iii 20-102080246164 is located in Cresskill, NJ. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Virginia B Toulmin Charitable Foundation Iii 20-102080246164 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 10/2023, Virginia B Toulmin Charitable Foundation Iii 20-102080246164 generated $5.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $9.7m during the year ending 10/2023. While expenses have increased by 3.3% 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 2014, Virginia B Toulmin Charitable Foundation Iii 20-102080246164 has awarded 1,307 individual grants totaling $98,815,205. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
AMOUNTS PAID DIRECTLY TO A VENDOR TO PRODUCE PROMOTIONAL VIDEOS FOR VARIOUS CHARITABLE ORGANIZATIONS.
OTHER INDIRECT GRANTS FOR EXPENSES PAID ON BEHALF OF CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William S Villafranco Trustee/ceo | 35 | $300,000 | |
Alexander C Sanger Trustee/coo | 30 | $175,000 | |
Walter P Montaigne Trustee | 15 | $115,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Southwind Associates Of Nj Inc | 10/30/23 | $647,887 |
Eagle Capital Management Llc | 10/30/23 | $184,968 |
Rsm Us Llp | 10/30/23 | $122,825 |
Pzena Investment Management | 10/30/23 | $163,155 |
Tcc Group | 10/30/23 | $93,505 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,223,475 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,475,923 |
| Capital Gain Net Income | $3,442,795 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,699,398 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $590,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $117,571 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $185,853 |
| Printing and publications | $0 |
| Other expenses | $189,137 |
| Total operating and administrative expenses | $2,647,250 |
| Contributions, gifts, grants paid | $7,021,700 |
| Total expenses and disbursements | $9,668,950 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,587 |
| Savings and temporary cash investments | $8,549,947 |
| 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 | $17,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $23,331,312 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $432,671 |
| Total assets | $118,805,246 |
| Accounts payable and accrued expenses | $143,506 |
| Grants payable | $2,116,988 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $163,605 |
| Total liabilities | $2,424,099 |
Grants Awarded
Over the last fiscal year, Virginia B Toulmin Charitable Foundation Iii 20-102080246164 has awarded $8,603,207 in support to 122 organizations.
| Grant Recipient | Amount |
|---|---|
ALD CONNECT PURPOSE: GENERAL OPERATING SUPPORT/MEDICAL RESEARCH | $150,000 |
ANCHOR PROGRAM FUND INC PURPOSE: ANCHOR PROGRAM FUND GRANT TO BENEFIT CAMP ANCHOR | $300 |
ANDIAMO MOTORCYCLES CHARITY INC PURPOSE: FOR GENERAL OPERATING SUPPORT | $15,000 |
AMERICAN COMPOSERS ORCHESTRA PURPOSE: EARSHOT READINGS EXPANSION | $50,000 |
ARTIST SERIES CONCERTS OF SARASOTA INC PURPOSE: ARTIST RESIDENCY PROGRAM FOR EDUCATIONAL OUTREACH | $50,000 |
ASOLO THEATRE PURPOSE: ASOLO REP'S 2023-2024 SEASON | $175,000 |