H A Vance Foundation Inc
- Assets
- $8.0m
- Revenue
- $1.0m
- Investments
- $7.7m
- Employees
- 0
- Location
- West Hartford, CT
- Founding
- 02/1993
- Data as of
- 12/2021
- EIN
- 06-1355463
Organization Overview
H A Vance Foundation Inc is located in West Hartford, CT. 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. H A Vance 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 12/2021, H A Vance Foundation Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.0% each year . All expenses for the organization totaled $561.4k during the year ending 12/2021. While expenses have increased by 1.6% per year over the past 6 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.
Since 2016, H A Vance Foundation Inc has awarded 79 individual grants totaling $2,783,000. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary S Martin Executive Director | 24 | $58,000 | |
William C Vance Vice-President | 1 | $0 | |
H Alex Vance Jr President | 6 | $0 | |
Joseph Pace Director | 1 | $0 | |
Patricia D Vance Director | 1 | $0 | |
Nancy C Rion Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $70,940 |
| Interest on Savings | $0 |
| Dividends & Interest | $245,707 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $712,643 |
| Capital Gain Net Income | $780,704 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,029,290 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $58,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,395 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $10 |
| Printing and publications | $0 |
| Other expenses | $5,667 |
| Total operating and administrative expenses | $141,384 |
| Contributions, gifts, grants paid | $420,000 |
| Total expenses and disbursements | $561,384 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $382,944 |
| 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 | $8,040,827 |
| 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, H A Vance Foundation Inc has awarded $420,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
New Haven, CT PURPOSE: OPERATING EXPENSES OF ACHIEVEMENT FIRST HARTFORD HIGH SCHOOL | $75,000 |
TEACH FOR AMERICA PURPOSE: OPERATING EXPENSES OF TEACH FOR AMERICA IN HARTFORD | $45,000 |
CT SCIENCE CENTER PURPOSE: CONSTRUCTION OF OUTDOOR PAVILLION TO HONOR MEMORY OF DAVID W. PARMELEE | $45,000 |
Hartford, CT PURPOSE: SUPPORT REACHING BACK PROGRAM | $40,000 |
EDUCATORS 4 EXCELLENCE PURPOSE: OPERATING EXPENSES OF E4E CONNECTICUT CHAPTER | $30,000 |
Boston, MA PURPOSE: OPERATING EXPENSES OF SCHOOL AND STATE FINANCE PROJECT | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |
Bristol-Myers Squibb Foundation Inc New York, NY | $146,629,708 | $46,784 |
Cohen Veterans Network Inc Stamford, CT | $21,771,420 | $47,396,071 |