Vestcor Family Foundation Inc
- Assets
- $9.6m
- Revenue
- $78.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Jacksonville, FL
- Founding
- 02/2004
- Data as of
- 12/2022
- EIN
- 65-1197315
Organization Overview
Vestcor Family Foundation Inc is located in Jacksonville, FL. The organization was established in 2004. 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. Vestcor 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 12/2022, Vestcor Family Foundation Inc generated $78.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (65.2%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Vestcor Family Foundation Inc has awarded 60 individual grants totaling $832,665. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
JCA SUPPORT SERVICES
JXCE PROGRAM EXPENSES
5K RACE EXPENSE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason O Floyd Vice President | 0 | $0 | |
Holly R Hepler Director | 0 | $0 | |
John D Rood Director | 0 | $0 | |
Jennifer R Hoover Director & President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $49,250 |
| Interest on Savings | $0 |
| Dividends & Interest | $29,210 |
| 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 | $0 |
| Total Revenue | $78,460 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $671 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $791,410 |
| Total operating and administrative expenses | $795,181 |
| Contributions, gifts, grants paid | $508,950 |
| Total expenses and disbursements | $1,304,131 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,253,807 |
| Savings and temporary cash investments | $2,046,302 |
| Net Accounts receivable | $3,283,638 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $2,000,000 |
| 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 | $59,310 |
| Other assets | $0 |
| Total assets | $9,643,057 |
| Accounts payable and accrued expenses | $65,546 |
| 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 | $65,546 |
Grants Awarded
Over the last fiscal year, Vestcor Family Foundation Inc has awarded $508,950 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
FLAGLER COLLEGE PURPOSE: GENERAL FUND | $371,150 |
CHRIST CHURCH OF PONTE VEDRA CHARITABLE FOUNDATION PURPOSE: GENERAL FUND | $5,000 |
FOUNDATION FOR EXCELLENCE IN EDUCATION PURPOSE: GENERAL FUND | $10,000 |
SAN JOSE EPISCOPAL DAY SCHOOL PURPOSE: GENERAL FUND | $5,000 |
JACKSONVILLE UNIVERSITY PURPOSE: GENERAL FUND | $20,000 |
THE CEDAR STREET CHARITABLE FOUNDATION PURPOSE: GENERAL FUND | $5,000 |