Vbs Foundation Inc
- Assets
- $9.9m
- Revenue
- $1.3m
- Investments
- $2.1m
- Employees
- 0
- Location
- Belmont, MA
- Founding
- 08/2000
- Data as of
- 12/2022
- EIN
- 13-4117395
Organization Overview
Vbs Foundation Inc is located in Belmont, MA. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Vbs 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.
Since 2015, Vbs Foundation Inc has awarded 278 individual grants totaling $3,607,497. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcella Fisher Director | 0 | $0 | |
Alexander Schwartz Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $854 |
| Dividends & Interest | $170,824 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,097,215 |
| Capital Gain Net Income | $1,097,215 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15,321 |
| Total Revenue | $1,284,214 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $59,272 |
| Taxes | $32,773 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21,861 |
| Total operating and administrative expenses | $151,869 |
| Contributions, gifts, grants paid | $430,000 |
| Total expenses and disbursements | $581,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,580,020 |
| 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 | $2,134,843 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,184,266 |
| Total assets | $9,899,129 |
| 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 | $27,750 |
| Total liabilities | $27,750 |
Grants Awarded
Over the last fiscal year, Vbs Foundation Inc has awarded $430,000 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN REPERTORY THEATER PURPOSE: GENERAL SUPPORT | $10,000 |
ART OF YOGA PURPOSE: GENERAL SUPPORT | $10,000 |
CENTER FOR FOOD SAFETY PURPOSE: GENERAL SUPPORT | $5,000 |
CENTER FOR HUMANE TECHNOLOGY PURPOSE: GENERAL SUPPORT | $50,000 |
CONCORD PLAYERS PURPOSE: GENERAL SUPPORT | $5,000 |
DAVID SHELDRICK WILDLIFE TRUST PURPOSE: GENERAL SUPPORT | $5,000 |