Veillette-Nifosi Foundation Inc
- Assets
- $737.4k
- Revenue
- $119.5k
- Investments
- $684.6k
- Employees
- 0
- Location
- East Chatham, NY
- Founding
- 01/1999
- Data as of
- 12/2022
- EIN
- 14-1800600
Organization Overview
Veillette-Nifosi Foundation Inc is located in East Chatham, NY. The organization was established in 1999. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Veillette-Nifosi 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 12/2022, Veillette-Nifosi Foundation Inc generated $119.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 34.5% each year . All expenses for the organization totaled $63.9k during the year ending 12/2022. While expenses have increased by 6.7% per year over the past 7 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 2016, Veillette-Nifosi Foundation Inc has awarded 87 individual grants totaling $363,553. 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 |
|---|---|---|---|
Frances N Veillette Pres/directo | 0 | $0 | |
Jeanne V Bowerman Sec/treas/di | 0 | $0 | |
Sally M Veillette Vice Preside | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $250 |
| Dividends & Interest | $15,846 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $103,404 |
| Capital Gain Net Income | $103,404 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $119,500 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,695 |
| Total operating and administrative expenses | $15,285 |
| Contributions, gifts, grants paid | $48,600 |
| Total expenses and disbursements | $63,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,205 |
| Savings and temporary cash investments | $20,564 |
| 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 | $21 |
| Total assets | $737,375 |
| 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, Veillette-Nifosi Foundation Inc has awarded $48,600 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BALANCED INNOV TEACH STRATEGIES PURPOSE: KEITH MEISSNER MEMORIAL FUND | $1,000 |
CHURCH OF ST JAMES PURPOSE: FUEL FUND GRANT | $2,000 |
CHATHAM PUBLIC LIBRARY PURPOSE: GRANT PRESERVATION HISTORIC BOOK | $6,000 |
GUJARATI SAMAJ OF THE CAPITAL DISTR PURPOSE: GRANT | $2,500 |
ROMAN CATHOLIC DIOCESE OF ALBANY PURPOSE: DIOCESAN APPEAL | $600 |
PS21 INC PURPOSE: ARTS | $10,000 |