Vitreus Foundation
- Assets
- $478.9k
- Revenue
- $8.9k
- Investments
- $456.4k
- Employees
- 0
- Location
- Sullivans Island, SC
- Founding
- 02/1997
- Data as of
- 12/2022
- 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 12/2022, Vitreus Foundation generated $8.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (24.4%) each year. All expenses for the organization totaled $65.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Vitreus Foundation has awarded 324 individual grants totaling $748,600. 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 | $15,286 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$6,367 |
| Capital Gain Net Income | $1,343 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,919 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $237 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $427 |
| Contributions, gifts, grants paid | $65,000 |
| Total expenses and disbursements | $65,427 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $22,576 |
| 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 | $40,471 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $478,930 |
| 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 $65,000 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN BATTLEFIELD TRUST PURPOSE: TO SUPPORT THE PRESERVATION OF HISTORCIAL AMERICAN BATTLEFIELDS | $500 |
CHARLESTON LIBRARY SOCIETY PURPOSE: TO SUPPORT THE LIBRARY | $500 |
CHARLOTTESVILLE ALBEMARLE SPCA PURPOSE: TO SUPPORT ANIMAL WELFARE | $3,000 |
CHARLESTON SYMPHONY ORCHESTRA PURPOSE: TO SUPPORT THE ARTS | $1,000 |
COASTAL CONSERVATION LEAGUE PURPOSE: TO SUPPORT THE PROTECTION OF COASTAL LANDS, WATERWAYS AND WILDLIFE | $2,000 |
EMERGE CDA PURPOSE: TO SUPPORT THE ARTS AND EMERGING ARTISTS | $500 |