G Unger Vetlesen Foundation
- Assets
- $53.2m
- Revenue
- $9.8m
- Investments
- $45.7m
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/1957
- Data as of
- 12/2023
- EIN
- 13-1982695
Organization Overview
G Unger Vetlesen Foundation is located in New York, NY. The organization was established in 1957. 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. G Unger Vetlesen 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 12/2023, G Unger Vetlesen Foundation generated $9.8m 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 (10.4%) each year. All expenses for the organization totaled $10.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, G Unger Vetlesen Foundation has awarded 189 individual grants totaling $35,060,000. 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 |
|---|---|---|---|
Ambrose K Monell President & Treasurer | 10 | $0 | |
Dr Gary K Beauchamp Director | 1 | $0 | |
Maurizio J Morello Exec V.P. & Asst. Treas. | 10 | $170,000 | |
Maia Monell Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aristotle Atlantic Partners Llc | 12/30/23 | $357,066 |
8090 Services | 12/30/23 | $68,913 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $243,793 |
| Dividends & Interest | $2,522,545 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,999,387 |
| Capital Gain Net Income | $6,999,387 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,657 |
| Total Revenue | $9,767,382 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $170,000 |
| Other employee salaries and wages | $24,708 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $139,288 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $7,233 |
| Printing and publications | $0 |
| Other expenses | $73,334 |
| Total operating and administrative expenses | $929,069 |
| Contributions, gifts, grants paid | $9,275,000 |
| Total expenses and disbursements | $10,204,069 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $145,830 |
| Savings and temporary cash investments | $7,300,568 |
| 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 | $2,423,536 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $53,156,624 |
| 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, G Unger Vetlesen Foundation has awarded $9,275,000 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN-SCANDINAVIAN FOUNDATION PURPOSE: GENERAL PURPOSES | $25,000 |
ATLANTIC SALMON FEDERATION PURPOSE: $37,500 FOR GENERAL PURPOSES AND $12,500 FOR WORK IN GREENLAND | $50,000 |
BERMUDA INSTITUTE OF OCEAN SCIENCES PURPOSE: GENERAL PURPOSES | $150,000 |
BIGELOW LABORATORY FOR OCEAN SCIENCES PURPOSE: FOR RECRUITMENT AND/OR RESEARCH PURPOSES | $250,000 |
BLACK ROCK FOREST CONSORTIUM PURPOSE: GENERAL PURPOSES | $50,000 |
ATLANTIC SALMON TRUST PURPOSE: GENERAL PURPOSES | $50,000 |