Vegso Family Foundation Inc
- Assets
- $5.4m
- Revenue
- $772.1k
- Investments
- $4.8m
- Employees
- 0
- Location
- Boca Raton, FL
- Founding
- 06/1998
- Data as of
- 11/2021
- EIN
- 65-0801555
Organization Overview
Vegso Family Foundation Inc is located in Boca Raton, FL. The organization was established in 1998. 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. Vegso Family 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 11/2021, Vegso Family Foundation Inc generated $772.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 48.5% each year . All expenses for the organization totaled $463.9k during the year ending 11/2021. While expenses have increased by 11.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Vegso Family Foundation Inc has awarded 198 individual grants totaling $2,540,002. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Vegso Pres, Secy | 1 | $0 | |
Peter Vegso Vp, Treas | 1 | $0 | |
Carole Putnam Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $56 |
| Dividends & Interest | $170,531 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $601,463 |
| Capital Gain Net Income | $601,463 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $772,050 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,459 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25,386 |
| Total operating and administrative expenses | $29,845 |
| Contributions, gifts, grants paid | $434,020 |
| Total expenses and disbursements | $463,865 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $551,777 |
| 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 | $0 |
| Total assets | $5,390,103 |
| 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, Vegso Family Foundation Inc has awarded $434,020 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
AID TO VICTIMS OF DOMESTIC ABUSE INC PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION. | $134,000 |
Boca Raton, FL PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION | $75,000 |
Boca Raton, FL PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION. | $55,000 |
Wilton Manors, FL PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION | $25,000 |
Boca Raton, FL PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION. | $25,000 |
AUTISM AFTER 21 INC PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION. | $17,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Virginia Bankers Association Group Benefits Trust Orlando, FL | $33,617,508 | $79,896,107 |
Lettie Pate Whitehead Foundation Inc Atlanta, GA | $545,577,272 | $201,098,940 |
Mitchell Wolfson Sr Foundation Miami, FL | $245,881,118 | $51,380,734 |
Sudco Inc & Affiliates Voluntary Empl Beneficiary Association Tr Jacksonville, FL | $1,629,809 | $12,527,671 |
Lucille S Beeson Charitable Remainder 66 1055001761 Birmingham, AL | $200,434,362 | $15,901,903 |
Walter R Ferguson Charitable Foundation Charitable Foundation Fort Lauderdale, FL | $0 | $613,063 |
Telford Foundation Inc Naples, FL | $77,208,801 | $5,161,589 |
Wanda And James M Moran Jr Foundation Inc Deerfield Beach, FL | $6,609,461 | $5,004,559 |
Yarim Foundation Boca Raton, FL | $1,467,226 | $2,520,229 |
Arnold & Winnie Palmer Foundation Inc Orlando, FL | $20,742,397 | $2,603,528 |
Mssa Ila Vacation Plan And Trust Mobile, AL | $2,494,985 | $3,007,833 |
W I H Pitts Charitable Tr Ua 110187 Orlando, FL | $39,439,716 | $4,048,727 |