Village Foundation Inc

Organization Overview

Village Foundation Inc is located in Orange, CT. The organization was established in 1954. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Village 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 06/2022, Village Foundation Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $676.2k during the year ending 06/2022. While expenses have increased by 13.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE VILLAGE FOUNDATION, AS STATED IN ITS CERTIFICATE OF INCORPORATION, IS TO BENEFIT AND UPHOLD, PROMOTE AND FURTHER THE WELFARE, PROGRAMS AND ACTIVITIES OF BGV, TO ACQUIRE, IMPROVE, HOLD AND LEASE TO BGV ANY REAL OR PERSONAL PROPERTY USEFUL TO THE ACCOMPLISHMENT OF THE PURPOSES OF THE VILLAGE FOUNDATION OR BGV AND TO RECEIVE AND ACCEPT PUBLIC AND PRIVATE GIFTS, TRUSTS, DONATIONS, GRANTS AND LOANS TO PROMOTE THE PURPOSES OF THE VILLAGE FOUNDATION OR BGV. IN ADDITION, THE CERTIFICATE OF INCORPORATION OF THE VILLAGE FOUNDATION REQUIRES THAT, AT ALL TIMES, AT LEAST ONE MEMBER OF THE BOARD OF DIRECTORS OF THE VILLAGE FOUNDATION MUST ALSO BE ON THE BOARD OF DIRECTORS OF BGV.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION OWNS AND MANAGES INVESTMENT AND REAL PROPERTY FOR THE BENEFIT OF BOYS AND GIRLS VILLAGE, INC. THE ABOVE GRANT AMOUNT WAS CONTRIBUTED TO BGV DURING THE CURRENT YEAR. BGV ALSO LEASES THE LAND FROM THE THE ORGANIZATION AT $1 ANNUALLY.


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Board, Officers & Key Employees

Name (title)Compensation
Kevin Hart
President
$0
David Marro
Vice President
$0
Dan Cusack
Treasurer
$0
Karen Monteith-Flynn
Secretary
$0
Ray Pantalena
Director
$0
Gina Hart
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $118,440
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,002,836
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,121,276

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