Votum Foundation Inc
- Assets
- $14.1m
- Revenue
- $4.8m
- Investments
- $3.3m
- Employees
- 0
- Location
- Lakeland, FL
- Founding
- 04/2000
- Data as of
- 12/2022
- EIN
- 59-3580800
Organization Overview
Votum Foundation Inc is located in Lakeland, FL. The organization was established in 2000. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Votum 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, Votum Foundation Inc generated $4.8m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Votum Foundation Inc has awarded 79 individual grants totaling $11,069,127. 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 |
|---|---|---|---|
Lawrence W Maxwell Pres/treas | 5 | $0 | |
Anita K Maxwell Vp/sectry | 1 | $0 | |
Amanda R Drost Director | 1 | $0 | |
Benjamin DE Falk Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,700,000 |
| Interest on Savings | $4,359 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,067,911 |
| Total Revenue | $4,772,270 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $70 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $7,452 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $10,875 |
| Contributions, gifts, grants paid | $1,000,000 |
| Total expenses and disbursements | $1,010,875 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,957,642 |
| 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 | $4,816,071 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,333,900 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $14,107,613 |
| 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 | $3,212,462 |
| Total liabilities | $3,212,462 |
Grants Awarded
Over the last fiscal year, Votum Foundation Inc has awarded $1,000,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
INDIANA WESLEYAN UNIVERSITY PURPOSE: EDUCATION | $100,000 |
KIDS ARK PURPOSE: MINISTRY | $100,000 |
TAMPA MUSLIM OUTREACH PURPOSE: MINISTRY | $50,000 |
WORLD HOPE INTERNATIONAL PURPOSE: MINISTRY | $550,000 |
WARNER UNIVERSITY PURPOSE: EDUCATION | $100,000 |
HARVEST PARTNERS PURPOSE: MINISTRY | $100,000 |