The V Eugene And Rosalie Defreitas Charitable Foundation
- Assets
- $10.5m
- Revenue
- $807.1k
- Investments
- $10.5m
- Employees
- 0
- Location
- Lynn, MA
- Founding
- 01/1993
- Data as of
- 11/2023
- EIN
- 04-6714542
Organization Overview
The V Eugene And Rosalie Defreitas Charitable Foundation is located in Lynn, MA. The organization was established in 1993. 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. V Eugene And Rosalie Defreitas Charitable 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 11/2023, V Eugene And Rosalie Defreitas Charitable Foundation generated $807.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $757.8k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, V Eugene And Rosalie Defreitas Charitable Foundation has awarded 55 individual grants totaling $2,210,000. 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $309,214 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $497,906 |
| Capital Gain Net Income | $497,906 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $807,120 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,799 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,134 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $125 |
| Total operating and administrative expenses | $127,785 |
| Contributions, gifts, grants paid | $630,000 |
| Total expenses and disbursements | $757,785 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Total assets | $10,535,572 |
| 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, The V Eugene And Rosalie Defreitas Charitable Foundation has awarded $630,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
AZUSA PACIFIC UNIVERSITY PURPOSE: SCHOLARSHIP | $30,000 |
SAINT VLADIMIR ORTHODOX PURPOSE: GENERAL SUPPORT | $20,000 |
BOSTON COLLEGE SCHOOL OF THEOLOGY PURPOSE: RELIGIOUS | $50,000 |
POPE JOHN XXIII NATIONAL SEMINARY PURPOSE: RELIGIOUS | $65,000 |
GREGORIAN UNIVERSITY FOUNDATION PURPOSE: RELIGIOUS | $35,000 |
BOSTON UNIVERSITY PURPOSE: RELIGIOUS | $50,000 |