Vhf Foundation Inc
- Assets
- $1.4m
- Revenue
- $52.3k
- Investments
- $1.0m
- Employees
- 0
- Location
- Newton, MA
- Founding
- 10/2008
- Data as of
- 12/2023
- EIN
- 94-3435406
Organization Overview
Vhf Foundation Inc is located in Newton, MA. The organization was established in 2008. 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. Vhf 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, Vhf Foundation Inc generated $52.3k 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 (7.6%) each year. All expenses for the organization totaled $158.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Vhf Foundation Inc has awarded 68 individual grants totaling $566,195. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allen Katzoff President,director | 2 | $4,000 | |
Joan Leegant Treasurer Director | 4 | $26,000 | |
Eliezer Katzoff Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $13,971 |
| Dividends & Interest | $31,975 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,870 |
| Capital Gain Net Income | $8,870 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$2,487 |
| Total Revenue | $52,329 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $657 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $53,926 |
| Contributions, gifts, grants paid | $104,500 |
| Total expenses and disbursements | $158,426 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $346,900 |
| 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 | $3,043 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,394,889 |
| 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, Vhf Foundation Inc has awarded $104,500 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
THE GOOD PEOPLE FUND PURPOSE: HUMANITARIAN WORK | $2,500 |
NEW ISRAEL FUND PURPOSE: HUNGER RELIEF | $20,000 |
BOSTON AREA GLEANERS PURPOSE: HUNGER RELIEF | $10,000 |
DIGGER FOODS PURPOSE: HUNGER RELIEF | $10,000 |
THE FOOD DRIVVE PURPOSE: HUNGER RELIEF | $7,000 |
RACHEL'S TABLE PURPOSE: HUNGER RELIEF | $10,000 |