Viola Foundation Inc
- Assets
- $19.5m
- Revenue
- -$301.4k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/2014
- Data as of
- 12/2022
- EIN
- 46-2542824
Organization Overview
Viola Foundation Inc is located in New York, NY. The organization was established in 2014. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Viola Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2016, Viola Foundation Inc has awarded 274 individual grants totaling $54,291,527. 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 |
|---|---|---|---|
Vincent Viola Trustee | 1 | $0 | |
Teresa Viola Trustee | 1 | $0 | |
John Viola Trustee | 1 | $0 | |
Michael Viola Trustee | 1 | $0 | |
Travis Viola Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $29,302 |
| Dividends & Interest | $329,825 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$660,520 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$301,393 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $147,547 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $16,034 |
| Printing and publications | $0 |
| Other expenses | $24,563 |
| Total operating and administrative expenses | $188,144 |
| Contributions, gifts, grants paid | $13,851,430 |
| Total expenses and disbursements | $14,039,574 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $230,835 |
| Savings and temporary cash investments | $16,963,275 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $9,700 |
| 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 | $2,314,922 |
| Total assets | $19,518,732 |
| 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, Viola Foundation Inc has awarded $13,851,430 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
BE THE BEST SPORT PURPOSE: UNRESTRICTED | $25,000 |
CATHOLIC CHARITIES PURPOSE: UNRESTRICTED | $2,000 |
CENTER FOR MIGRATION STUDIES PURPOSE: UNRESTRICTED | $50,000 |
DE LA SALLE ACADEMY PURPOSE: UNRESTRICTED | $22,000 |
EMPOWERING PASCO'S VETERANS PURPOSE: UNRESTRICTED | $5,000 |
FIGLI DI SAN GENNARO INC PURPOSE: UNRESTRICTED | $20,000 |