Vecchitto Family Charitable Foundation Inc
- Assets
- $4.5m
- Revenue
- $728.5k
- Investments
- $4.4m
- Employees
- 0
- Location
- Aventura, FL
- Founding
- 12/2014
- Data as of
- 12/2022
- EIN
- 47-1012739
Organization Overview
Vecchitto Family Charitable Foundation Inc is located in Aventura, FL. The organization was established in 2014. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, 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. Vecchitto Family Charitable 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.
For the year ending 12/2022, Vecchitto Family Charitable Foundation Inc generated $728.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $249.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Vecchitto Family Charitable Foundation Inc has awarded 70 individual grants totaling $728,500. 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 |
|---|---|---|---|
Gwenn Vecchitto Director | 0 | $0 | |
Corrin Vecchitto Director | 0 | $0 | |
Stephen Vecchitto Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $218,826 |
| Interest on Savings | $4,714 |
| Dividends & Interest | $59,833 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $429,673 |
| Capital Gain Net Income | $429,673 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15,480 |
| Total Revenue | $728,526 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $48,829 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $55,004 |
| Total operating and administrative expenses | $108,333 |
| Contributions, gifts, grants paid | $141,000 |
| Total expenses and disbursements | $249,333 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,480 |
| Savings and temporary cash investments | $0 |
| 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 | $296,444 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,495,765 |
| 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, Vecchitto Family Charitable Foundation Inc has awarded $141,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
KENYA EDUCATION FUND PURPOSE: EDUCATION | $11,000 |
ORPHAN'S PROMISE PURPOSE: SUPPORTING CHILDREN | $20,000 |
SHE IS SAFE PURPOSE: SUPPORTING CHILDREN | $10,000 |
MOUNT SINAI PURPOSE: SUPPORTING CHILDREN | $15,000 |
SAMARITAN'S PURSE PURPOSE: SUPPORTING CHILDREN | $20,000 |
CITY TO CITY MIAMI INC PURPOSE: SUPPORTING CHILDREN | $25,000 |