Richard Vague Foundation
- Assets
- $93.5k
- Revenue
- $959.0k
- Investments
- $1.3k
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 03/2012
- Data as of
- 12/2022
- EIN
- 45-4104509
Organization Overview
Richard Vague Foundation is located in Philadelphia, PA. The organization was established in 2012. 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. Richard Vague 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, Richard Vague Foundation generated $959.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $934.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Richard Vague Foundation has awarded 80 individual grants totaling $1,097,722. 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 |
|---|---|---|---|
Daniel Mcshane Employee | 40 | $112,500 | |
Clarissa Griebel Employee | 40 | $93,600 | |
Michael P Grady Employee | 40 | $90,000 | |
Menachem D Hauser Employee | 40 | $85,000 | |
Gary K Jarvis Employee | 40 | $81,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $958,437 |
| Interest on Savings | $0 |
| Dividends & Interest | $536 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $958,973 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $533,475 |
| Pension plans, employee benefits | $113,914 |
| Interest | $469 |
| Taxes | $15 |
| Depreciation | $1,512 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,500 |
| Printing and publications | $0 |
| Other expenses | $151,897 |
| Total operating and administrative expenses | $809,882 |
| Contributions, gifts, grants paid | $125,000 |
| Total expenses and disbursements | $934,882 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $28,654 |
| 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 | $1,307 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $63,564 |
| Total assets | $93,525 |
| 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, Richard Vague Foundation has awarded $125,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
FRINGEARTS PURPOSE: TO FUND THE RECIPIENT'S OPERATING BUDGET | $25,000 |
ANTI-DEFAMATION LEAGUE PURPOSE: TO FUND THE RECIPIENT'S OPERATING BUDGET | $25,000 |
THE CARPENTERS' COMPANY PURPOSE: TO FUND THE RECIPIENT'S OPERATING BUDGET | $10,000 |
ORPHAN DISEASE PATHWAY PROJECT PURPOSE: TO FUND THE RECIPIENT'S OPERATING BUDGET | $25,000 |
INDEPENDENCE HISTORICAL TRUST PURPOSE: TO FUND THE RECIPIENT'S OPERATING BUDGET | $10,000 |
THE COMMITTEE OF SEVENTY PURPOSE: TO FUND THE RECIPIENT'S OPERATING BUDGET | $10,000 |