Capillary Foundation Inc
- Assets
- $3.6m
- Revenue
- $74.4k
- Investments
- $3.6m
- Employees
- 0
- Location
- Bradenton, FL
- Founding
- Data as of
- 12/2023
- EIN
- 87-4016827
Organization Overview
Capillary Foundation Inc is located in Bradenton, FL. 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. Capillary 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 12/2023, Capillary Foundation Inc generated $74.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (73.5%) each year.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karan S Glaze President | 5 | $0 | |
Jenifer Schembri Vice President | 1 | $0 | |
Lori F Gyson Secretary Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $105,021 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$30,746 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $17,354 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $85 |
| Total Revenue | $74,360 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,262 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $27,145 |
| Total operating and administrative expenses | $30,947 |
| Contributions, gifts, grants paid | $240,000 |
| Total expenses and disbursements | $270,947 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,942 |
| Savings and temporary cash investments | $0 |
| 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 | $625 |
| Total assets | $3,638,117 |
| 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, Capillary Foundation Inc has awarded $240,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF ST FRANCIS PURPOSE: GRANT TO UPGRADELABORATORIES | $10,000 |
GRAND VALLEY STATE UNIVERSITY PURPOSE: APPLIED MEDICAL DEVICE INSTITUTE DESIGNING | $50,000 |
THE SIMON KEITH FOUNDATION PURPOSE: TRANSPLANT & ORGAN DONOR PUBLIC AWARENESS & EDUCAT | $30,000 |
ST PETERSBURG COLLEGE PURPOSE: EQUIPMENT REPAIR EDUCATION & ADVANCED DEGREES HELP | $150,000 |