Victor A Derose Foundation
- Assets
- $1.0m
- Revenue
- $51.9k
- Investments
- $97.9k
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 08/1987
- Data as of
- 12/2022
- EIN
- 31-1206775
Organization Overview
Victor A Derose Foundation is located in Indianapolis, IN. The organization was established in 1987. 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. Victor A Derose 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, Victor A Derose Foundation generated $51.9k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $55.6k during the year ending 12/2022. While expenses have increased by 2.9% per year over the past 4 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $16,417 |
| Dividends & Interest | $1,462 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $1,176 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $34,000 |
| Total Revenue | $51,879 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $532 |
| Printing and publications | $0 |
| Other expenses | $36,295 |
| Total operating and administrative expenses | $36,827 |
| Contributions, gifts, grants paid | $18,800 |
| Total expenses and disbursements | $55,627 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $914,148 |
| 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 | $0 |
| Total assets | $1,012,049 |
| 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, Victor A Derose Foundation has awarded $18,800 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
WABASH COLLEGE PURPOSE: SCHOLARSHIP AND GENDERAL PURPOSES | $16,000 |
MERCERSBURG ACADEMY PURPOSE: GENERAL PURPOSES | $500 |
THE SALVATION ARMY PURPOSE: GENERAL PURPOSES | $100 |
HILLSDALE COLLEGE PURPOSE: GENERAL PURPOSES | $2,000 |
A CHILDRENS HABITAT MONTESSORI PURPOSE: GENERAL PURPOSES | $200 |