Veillette-Nifosi Foundation Inc
- Assets
- $681.8k
- Revenue
- $124.6k
- Investments
- $662.7k
- Employees
- 0
- Location
- East Chatham, NY
- Founding
- 01/1999
- Data as of
- 12/2021
- EIN
- 14-1800600
Organization Overview
Veillette-Nifosi Foundation Inc is located in East Chatham, NY. The organization was established in 1999. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Veillette-Nifosi 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, Veillette-Nifosi Foundation Inc generated $124.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $76.8k during the year ending 12/2021. While expenses have increased by 0.5% 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.
Since 2016, Veillette-Nifosi Foundation Inc has awarded 72 individual grants totaling $322,144. 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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeanne V Bowerman Sec/treas/di | 0 | $0 | |
Sally M Veillette Vice Preside | 0 | $0 | |
Frances N Veillette Pres/directo | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6 |
| Dividends & Interest | $15,931 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $108,703 |
| Capital Gain Net Income | $108,703 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $124,640 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,938 |
| Total operating and administrative expenses | $16,683 |
| Contributions, gifts, grants paid | $60,100 |
| Total expenses and disbursements | $76,783 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,908 |
| Savings and temporary cash investments | $10,192 |
| 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 | $681,760 |
| 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, Veillette-Nifosi Foundation Inc has awarded $60,100 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
SHAKER MUSEUM PURPOSE: RESEARCH / COLLECTIONS | $25,000 |
SOCIETY OF NEW CONCORD PURPOSE: GENERAL PURPOSE | $13,100 |
Chatham, NY PURPOSE: ARTS | $10,000 |
CANAAN HISTORICAL SOCIETY PURPOSE: HISTORIC PRESERVATION | $10,000 |
BITS (LITTLE BROOK FARM) PURPOSE: IN MEMORY OF KEITH MEISSNER | $1,000 |
ROMAN CATHOLIC DIOCESE OF ALBANY PURPOSE: DIOCESAN APPEAL | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Clara Lionel Foundation New York, NY | $44,086,810 | $23,596,509 |
Visionspring New York, NY | $15,269,850 | $12,679,680 |
America Gives Inc New York, NY | $1,069,288 | $7,827,978 |
Foundations In Education Inc Bridgeport, CT | $36,181,181 | $11,526,982 |
Grant Recommendation Fund Spring Valley, NY | $460,055 | $4,767,095 |
Yougivegoods Foundation Inc Mendham, NJ | $162,103 | $4,310,625 |
Passavant Hospital Foundation Pittsburgh, PA | $52,435,888 | $5,249,843 |
The Essential Foundation Fka Aqua Charitable Trust Bryn Mawr, PA | $32,073,281 | $19,000,000 |
The Catherine Jefferson Foundation Darien, CT | $18,987,801 | $13,741,460 |
Bikoff Foundation Whitestone, NY | $65,723,002 | $14,790,071 |
Giving Tuesday Inc Brooklyn, NY | $1,987,227 | $3,527,479 |
The Meg And Bennett Goodman Family Foundation Jenkintown, PA | $50,458,470 | $11,004,981 |