Vincent Genovese Memorial Foundation
- Assets
- $4.1m
- Revenue
- $101.5k
- Investments
- $3.8m
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 03/2009
- Data as of
- 12/2023
- EIN
- 26-2798439
Organization Overview
Vincent Genovese Memorial Foundation is located in Fort Worth, TX. The organization was established in 2009. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vincent Genovese Memorial 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 12/2023, Vincent Genovese Memorial Foundation generated $101.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (18.2%) each year. All expenses for the organization totaled $326.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Vincent Genovese Memorial Foundation has awarded 96 individual grants totaling $834,430. 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 |
|---|---|---|---|
Karol Genovese Del Real President | 25 | $0 | |
Lucille Cline-Conway Director | 0.25 | $0 | |
Audrey Del Real Director | 0.25 | $0 | |
Carlene Dailey Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $290 |
| Dividends & Interest | $157,711 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$58,608 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,090 |
| Total Revenue | $101,483 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,000 |
| Depreciation | $6,429 |
| Occupancy | $52,200 |
| Travel, conferences, and meetings | $2,028 |
| Printing and publications | $0 |
| Other expenses | $5,115 |
| Total operating and administrative expenses | $106,472 |
| Contributions, gifts, grants paid | $220,286 |
| Total expenses and disbursements | $326,758 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $26,567 |
| 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 | $1,099,220 |
| Net Land, buildings, and equipment | $215,437 |
| Other assets | $1,707 |
| Total assets | $4,075,937 |
| 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, Vincent Genovese Memorial Foundation has awarded $220,286 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: TOWARDS CANCER RESEARCH | $10,000 |
BURLESON INDEPENDENT SCHOOL DISTRIC PURPOSE: TOWARDS RADIOS FOR SAFETY OFFICERS | $9,700 |
CAMP FIRE USA FIRST TEXAS PURPOSE: TOWARDS EL TESORO DE LA VIDA CAMPERSHIPS ($5,000) AND GENERAL SUPPORT ($10,000) | $15,000 |
CANCER CARE SERVICES PURPOSE: GENERAL OPERATING SUPPORT | $2,000 |
CASSATA HIGH SCHOOL PURPOSE: TOWARDS THE SCHOLARSHIP FUND | $5,000 |
CONNECTICUT CANCER FOUNDATION PURPOSE: TOWARDS RESEARCH AT MEMORIAL SLOAN-KETTERING HOSPITAL ($25,000) AND TOWARDS THE CAPITAL CAMPAIGN ($25,000) | $50,000 |