Vranas Family Foundation
- Assets
- $1.1m
- Revenue
- $22.7k
- Investments
- $1.1m
- Employees
- 0
- Location
- Lincolnwood, IL
- Founding
- 10/2015
- Data as of
- 12/2022
- EIN
- 47-3174069
Organization Overview
Vranas Family Foundation is located in Lincolnwood, IL. The organization was established in 2015. 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. Vranas Family 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, Vranas Family Foundation generated $22.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (28.6%) each year. All expenses for the organization totaled $39.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (22.6%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Vranas Family Foundation has awarded 33 individual grants totaling $116,650. 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 |
|---|---|---|---|
William P Vranas President | 1 | $0 | |
Nicholas P Vranas Vice President | 1 | $0 | |
John P Vranas Treasurer | 2 | $0 | |
Peter P Vranas Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,464 |
| Interest on Savings | $6 |
| Dividends & Interest | $19,689 |
| Net Rental Income | $5,836 |
| Net Gain on Sale of Assets | -$7,276 |
| Capital Gain Net Income | $5,322 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $22,719 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,209 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $674 |
| Total operating and administrative expenses | $21,384 |
| Contributions, gifts, grants paid | $18,400 |
| Total expenses and disbursements | $39,784 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,685 |
| Total assets | $1,125,431 |
| 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, Vranas Family Foundation has awarded $18,400 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
13TH DISTRICT AHEPA SCHOLARSHIP FUN PURPOSE: SUPPORT NEEDS OF ORGANIZATION | $2,000 |
ORTHODOX CHRISTIAN MISSION CENTER PURPOSE: SUPPORT NEEDS OF ORGANIZATION | $500 |
INT'L ORTHODOX CHRISTIAN CHARITIES PURPOSE: SUPPORT NEEDS OF ORGANIZATION | $2,000 |
GREEK AMERICAN REHAB CARE CENTER PURPOSE: SUPPORT NEEDS OF ORGANIZATION | $3,750 |
STS PETER PAUL GREEK ORTHODOX CHURC PURPOSE: SUPPORT NEEDS OF ORGANIZATION | $250 |
NATIONAL HELLENIC MUSEUM PURPOSE: SUPPORT NEEDS OF ORGANIZATION | $5,000 |