Vital Edge Fund
- Assets
- $200.6k
- Revenue
- $226.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Sag Harbor, NY
- Founding
- 07/2006
- Data as of
- 09/2022
- EIN
- 20-3793080
Organization Overview
Vital Edge Fund is located in Sag Harbor, NY. The organization was established in 2006. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vital Edge Fund 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 09/2022, Vital Edge Fund generated $226.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $132.2k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RESEARCH, INFORMATION AND EDUCATION ON THE GLOBAL NEED FOR PHILANTHROPIC CONTRIBUTION TO PROVIDE FOR THE THIRD WORLD POOR WHILE GAINING AN UNDERSTANDING OF THEIR CULTURE WHICH WILL PROVIDE FOR ENSURING SECURITY OF THOSE LIVES ABROAD AS WELL AS HERE AT HOME. THE ORGANIZATION SEEKS TO ACCOMPLISH THIS THROUGH EXHIBITIONS, DOCUMENTARIES AND SPECIFIC PROGRAMS AND APPEALS BASED ON A DEMONSTRATED AND UNDERSTANDABLE GOAL, A LIMITED AND ACHIEVABLE OBJECTIVE, AND A TANGIBLE RESULT.SEE WEBSITE FOR SPECIFIC PROGRAMS COMPLETED, IN PROGRESS AND CONTEMPLATED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2012-2022 VITAL EDGE CONTINUED EXPANDING THE MICRO-SAVINGS PROGRAM (SFC) IN MALI, SENEGALAND NEPAL. USING THESE PROGRAMS AS A PLATFORM , ADDITIONAL PROGRAMS ARE BEING INTRODUCED ANNUALLY. TO-DATE THESE INCLUDE MID-WIFE TRAINING, LITERACY,AGRICULTURE, AND HEALTH IN MALI, AND ORGANIC COTTON FARMING AND WEAVING, MARKET CONSTRUCTION, MARKET GARDENING AND SMALL BUSINESS FUNDING IN SENEGAL. PURCHASE OF WATER DRILLING EQUIPMENT, ARRIVING IN SENEGAL WILL HELP FACILITATE MORE ECONOMIC EXPANSION OF THE MARKET GARDEN PROJECT, INCREASE EFFICIENCY AND REDUCE COSTS. A CHEESE MAKING WORKSHOP AND CHEESE DISTRIBUTION WAS STARTED TO DEVELOP THE ARTISAN BASED BUSINESSES OF PHAPLU IN NEPAL. RECONSTRUCTION EFFORTS WERE CONTINUED IN NEPAL AFTER THE APRIL 25, 2015 EARTHQUAKE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robin Saidman Chrn,ex Dir | OfficerTrustee | 10 | $25,000 |
Jeff Lipsitz Director | Trustee | 1 | $0 |
Docey Lewis Director | Trustee | 7 | $0 |
Nina Rumbough Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $226,120 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $226,120 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $226,120 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $25,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $184 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $132,164 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200,646 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $200,646 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $200,646 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $200,646 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Vital Edge Fund has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Vos Family Foundation Santa Barbara, CA PURPOSE: IN FURTHERANCE OF 501(C)(3) EXEMPT PURPOSE. | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central European University New York, NY | $577,160,061 | $72,058,098 |
Oxfam-America Inc Boston, MA | $98,567,095 | $108,365,278 |
Helen Keller International New York, NY | $112,029,852 | $121,068,878 |
Action Against Hunger Usa New York, NY | $114,998,583 | $117,737,270 |
Jewish National Fund -Keren Kayemeth Leisrael- Inc New York, NY | $532,275,365 | $140,855,420 |
Concern Worldwide U S Inc New York, NY | $28,102,900 | $75,183,447 |
Brac Usa Inc New York, NY | $39,074,186 | $26,089,482 |
American Society For Technion- Israel Institute Of Technology Inc New York, NY | $552,165,498 | $74,453,195 |
The American College Of Greece Boston, MA | $67,377,188 | $58,892,639 |
King Baudouin Foundation United States Inc New York, NY | $71,313,887 | $81,640,878 |
World Education Inc Boston, MA | $10,873,421 | $51,800,410 |
Citihope International Inc Margaretsville, NY | $17,709,063 | $34,849,219 |