La Vida Feliz Foundation
- Assets
- $363.8m
- Revenue
- $11.5m
- Investments
- $170.3m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 05/2009
- Data as of
- 12/2022
- EIN
- 26-1622021
Organization Overview
La Vida Feliz Foundation is located in Wilmington, DE. The organization was established in 2009. 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. LA Vida Feliz 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, LA Vida Feliz Foundation generated $11.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (14.3%) each year. All expenses for the organization totaled $25.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Foundation Source | 12/30/23 | $151,500 |
Tallwoods Partners Llc | 12/30/23 | $65,507 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,510,438 |
| Dividends & Interest | $1,248,281 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,141,154 |
| Capital Gain Net Income | $3,962,991 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,575,054 |
| Total Revenue | $11,474,927 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $114,069 |
| Taxes | $145,239 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $877,202 |
| Total operating and administrative expenses | $1,226,690 |
| Contributions, gifts, grants paid | $24,495,000 |
| Total expenses and disbursements | $25,721,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $192,513,712 |
| 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 | $500,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $138,856,853 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $499,500 |
| Total assets | $363,835,904 |
| 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, La Vida Feliz Foundation has awarded $24,540,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
EAST VILLAGE COMMUNITY COALITION INC PURPOSE: GENERAL & UNRESTRICTED | $40,000 |
FIDELITY INVESTMENTS CHARITABLE GIFT FUND PURPOSE: GENERAL & UNRESTRICTED | $24,500,000 |