Vitreus Foundation
- Assets
- $535.4k
- Revenue
- $37.2k
- Investments
- $498.7k
- Employees
- 0
- Location
- Sullivans Island, SC
- Founding
- 02/1997
- Data as of
- 12/2021
- EIN
- 54-1829869
Organization Overview
Vitreus Foundation is located in Sullivans Island, SC. The organization was established in 1997. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Vitreus 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 12/2021, Vitreus Foundation generated $37.2k 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 (11.0%) each year. All expenses for the organization totaled $77.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Vitreus Foundation has awarded 284 individual grants totaling $638,200. 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 |
|---|---|---|---|
Christopher J Macavoy President | 0.25 | $0 | |
Moira A Macavoy Secretary/treasurer | 0.1 | $0 | |
Ellen M Macavoy Director | 0.1 | $0 | |
Neil G Macavoy Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $19,910 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,245 |
| Capital Gain Net Income | $17,245 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $37,155 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $397 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $581 |
| Contributions, gifts, grants paid | $76,500 |
| Total expenses and disbursements | $77,081 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $36,750 |
| 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 | $40,757 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5 |
| Total assets | $535,438 |
| 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, Vitreus Foundation has awarded $76,500 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
PENINSULA OPEN SPACE TRUST PURPOSE: TO SUPPORT LAND CONSERVANCY | $18,000 |
Woodstock, GA PURPOSE: TO SUPPORT RELIGIOUS OUTREACH PROGRAMS | $5,000 |
Coeur Dalene, ID PURPOSE: TO SUPPORT THE ARTS AND EMERGING ARTISTS | $4,000 |
YOUNG LIFE CHAROLOTTESVILLE PURPOSE: TO SUPPORT MINISTRY AND HELP ADOLESCENTS | $3,500 |
SHELTER FOR HELP IN EMERGENCY PURPOSE: TO SUPPORT THE ELIMINATION OF DOMESTIC VIOLENCE | $3,500 |
Charlottesville, VA PURPOSE: TO SUPPORT THE ELIMINATION FOR SEXUAL VIOLENCE | $3,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John Rex Endowment Raleigh, NC | $72,005,406 | $10,264,844 |
Blake Family Foundation Inc Atlanta, GA | $54,641,915 | $13,537,530 |
St Marys United Methodist Church Foundation Inc Saint Marys, GA | $38,808,441 | $1,300,375 |
Nagrodsky Family Foundation Charleston, SC | $7,938,380 | $247,514 |
R Harold And Patsy Harrison Foundation Inc Brookhaven, GA | $31,730,871 | $2,128,634 |
National Association Of Chapter 13 Trustees Columbia, SC | $849,459 | $1,212,204 |
W O And Ann Powers Foundation Inc Florence, SC | $6,582,081 | $44,065 |
Kauffman Foundation Inc Atlanta, GA | $20,247,630 | $14,268,828 |
Charles A Cannon Charitable Trust No 3 Winstonsalem, NC | $11,245,815 | $429,551 |
Breman Foundation Inc Atlanta, GA | $15,316,218 | $1,852,961 |
The Wlt Foundation Greenville, SC | $9,555,960 | $1,192,806 |
Kyle Pease Foundation Inc Atlanta, GA | $679,129 | $1,023,596 |