Vassiliadis Family Foundation
- Assets
- $4.3m
- Revenue
- $157.0k
- Investments
- $3.1m
- Employees
- 0
- Location
- San Diego, CA
- Founding
- 07/2019
- Data as of
- 12/2022
- EIN
- 82-2964852
Organization Overview
Vassiliadis Family Foundation is located in San Diego, CA. The organization was established in 2019. 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. Vassiliadis Family 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, Vassiliadis Family Foundation generated $157.0k 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 (20.1%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
THE FOUNDATION WAS FORMED IN ORDER TO MAKE DONATIONS TO OTHER FEDERALLY TAX-EXEMPT SECTION 501(C)(3) ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert P Pizzuto Secretary | 8 | $40,385 | |
Carol Vassiliadis President | 2 | $0 | |
Melissa Vassiliadis Director | 2 | $0 | |
Andrew Vassiliadis Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,878 |
| Dividends & Interest | $87,426 |
| Net Rental Income | -$1,157,339 |
| Net Gain on Sale of Assets | $63,709 |
| Capital Gain Net Income | $63,709 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $157,013 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,385 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,299 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $28,223 |
| Total operating and administrative expenses | $96,173 |
| Contributions, gifts, grants paid | $1,650,000 |
| Total expenses and disbursements | $1,746,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,252,032 |
| 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 | $4,303,099 |
| 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 | $2,859,815 |
| Total liabilities | $2,859,815 |
Grants Awarded
Over the last fiscal year, Vassiliadis Family Foundation has awarded $1,650,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF SOUTHERN CALIFORNIA PURPOSE: TO ADVANCE CANCER CARE, RESEARCH, AND EDUCATION. SUPPORT OF WORK AT USCNORRIS FACILITY TO FOSTER INNOVATION AND BUILD STRATEGIC PUBLIC-PRIVATEPARTNERSHIPS TO ADVANCE USC'S MISSION OF MAKING CANCER A DISEASE OF THEPAST. | $500,000 |
ZOOLOGICAL SOCIETY OF SAN DIEGO DBA SAN DIEGO ZOO WILDLIFE ALLIANCE PURPOSE: MISSION IS TO SAVE SPECIES WORLDWIDE BY UNITING EXPERTISE IN ANIMAL CARE AND CONSERVATION SCIENCE WITH DEDICATION TO INSPIRING PASSION FOR NATURE. | $900,000 |
FRANCIS PARKER SCHOOL PURPOSE: FRANCIS PARKER SCHOOL'S MISSION IS TO INSPIRE A DIVERSE COMMUNITY OF INDEPENDENT THINKERS WHOSE ACADEMIC EXCELLENCE, GLOBAL PERSPECTIVE AND STRENGTH OF CHARACTER PREPARE THEM TO MAKE A MEANINGFUL DIFFERENCE IN THE WORLD. | $250,000 |