Vincent Genovese Memorial Foundation
- Assets
- $4.4m
- Revenue
- $205.3k
- Investments
- $4.1m
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 03/2009
- Data as of
- 12/2021
- 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 12/2021, Vincent Genovese Memorial Foundation generated $205.3k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $297.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Vincent Genovese Memorial Foundation has awarded 46 individual grants totaling $385,808. 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 | |
Audrey Del Real Director | 0.5 | $0 | |
Lucille Cline-Conway Director | 0.5 | $0 | |
Carlene Dailey Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7 |
| Dividends & Interest | $149,013 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $54,641 |
| Capital Gain Net Income | $54,641 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,639 |
| Total Revenue | $205,300 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,260 |
| Depreciation | $6,429 |
| Occupancy | $14,926 |
| Travel, conferences, and meetings | $21 |
| Printing and publications | $0 |
| Other expenses | $5,727 |
| Total operating and administrative expenses | $76,153 |
| Contributions, gifts, grants paid | $221,504 |
| Total expenses and disbursements | $297,657 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $62,735 |
| 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 | $1,255,420 |
| Net Land, buildings, and equipment | $228,295 |
| Other assets | $754 |
| Total assets | $4,406,913 |
| 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 $221,504 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
Old Saybrook, CT PURPOSE: TOWARDS RESEARCH AT MEMORIAL SLOAN-KETTERING HOSPITAL ($25,000) AND TOWARDS THE CAPITAL CAMPAIGN ($30,000) AND PATIENT SUPPORT ($2,500) | $57,500 |
MEALS ON WHEELS OF TARRANT COUNTY PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
UNBOUNDANTIOCH FORT WORTH PURPOSE: TOWARDS TC5-TASK FORCE AND ANTI-SEX TRAFFICKING | $20,000 |
Fort Worth, TX PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
CAMP FIRE USA FIRST TEXAS PURPOSE: TOWARDS EL TESORO DE LA VIDA CAMPERSHIPS ($5,000) AND GENERAL SUPPORT ($10,000) | $15,000 |
CASSATA HIGH SCHOOL PURPOSE: TOWARDS THE SCHOLARSHIP FUND | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lutheran Social Service Of The South Inc Austin, TX | $61,046,286 | $96,832,412 |
El Centro Del Barrio Inc San Antonio, TX | $91,252,083 | $101,246,096 |
Community Action Project Of Tulsa County Inc Tulsa, OK | $75,774,694 | $60,674,476 |
St Hope Foundation Inc Houston, TX | $24,463,545 | $68,716,621 |
South Plains Community Action Association Inc Levelland, TX | $29,457,762 | $62,394,779 |
Community Action Corporation Of South Texas Alice, TX | $17,286,971 | $61,888,354 |
Catholic Charities Of Dallas Inc Dallas, TX | $38,189,744 | $60,557,267 |
Goodwill Industries Of San Antonio Contract Services San Antonio, TX | $23,203,084 | $40,622,954 |
Texas Pregnancy Care Network Austin, TX | $10,724,863 | $36,961,915 |
West Texas Opportunities Lamesa, TX | $6,432,231 | $36,739,532 |
Catholic Charities Diocese Of Fort Worth Fort Worth, TX | $33,220,571 | $32,415,025 |
Louisiana United Methodist Children And Family Services Inc Ruston, LA | $89,566,145 | $35,567,717 |