Vitalogy Foundation
- Assets
- $1.0m
- Revenue
- $552.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Nashville, TN
- Founding
- 11/2006
- Data as of
- 12/2021
- EIN
- 20-1030462
Organization Overview
Vitalogy Foundation is located in Nashville, TN. The organization was established in 2006. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Vitalogy Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vitalogy 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 12/2021, Vitalogy Foundation generated $552.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Vitalogy Foundation has awarded 297 individual grants totaling $8,441,233. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE VITALOGY FOUNDATION IS A PUBLIC NON-PROFIT ORGANIZATION THAT WAS FOUNDED IN 2006 BY THE MEMBERS OF PEARL JAM AND THEIR MANAGER. THE FOUNDATION SUPPORTS THE EFFORTS OF NON-PROFIT ORGANIZATIONS DOING COMMENDABLE WORK IN THE FIELDS OF COMMUNITY HEALTH, THE ENVIRONMENT, ARTS & EDUCATION AND SOCIAL CHANGE.
Describe the Organization's Program Activity:
GRANTS AWARDED TO SPECIFIC CHARITABLE ORGANIZATIONS AND INDIVIDUALS CHOSEN BY THE OFFICERS OF THE FOUNDATION IN ACCORDANCE WITH THE PRIMARY PURPOSE OF VITALOGY FOUNDATION'S EXEMPT STATUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stone Gossard President, Director | OfficerTrustee | 1 | $0 |
Michael D Mccready Vice President, Director | OfficerTrustee | 1 | $0 |
Eddie J Vedder Secretary, Director | OfficerTrustee | 1 | $0 |
Jeffrey A Ament Treasurer, Director | OfficerTrustee | 1 | $0 |
Jamie Cheek Treasurer | Officer | 1 | $0 |
Matthew D Cameron Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $7,176 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $525,733 |
| Noncash contributions included in lines 1a–1f | $3,315 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $532,909 |
| Total Program Service Revenue | $0 |
| Investment income | $7,494 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,750 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $13,701 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $552,354 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $851,367 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $60,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $136,688 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,109 |
| Payroll taxes | $11,371 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,276 |
| Fees for services: Accounting | $9,633 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $897 |
| Fees for services: Other | $30,933 |
| Advertising and promotion | $20,808 |
| Office expenses | $814 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,439 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $600 |
| All other expenses | $630 |
| Total functional expenses | $1,171,121 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,384 |
| Savings and temporary cash investments | $662,817 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $332,975 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,038,176 |
| Accounts payable and accrued expenses | $9,631 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,631 |
| Net assets without donor restrictions | $655,190 |
| Net assets with donor restrictions | $373,355 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,038,176 |
Grants Awarded
Over the last fiscal year, Vitalogy Foundation has awarded $795,867 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: $100,500 FOR SCHOLARSHIP, $86,738.24 TO A PROGRAM DESIGNED TO EQUIP YOUNG PEOPLE WITH TOOLS TO BECOME CHANGEMAKERS AND ETHICAL LEADERS | $187,238 |
San Clemente, CA PURPOSE: ORANGE COUNTY OIL SPILL | $75,000 |
Seattle, WA PURPOSE: TO SUPPORT THE COAST SALISH WELCOME POLE TO BE INSTALLED | $65,000 |
New York, NY PURPOSE: ANNUAL FUND | $50,000 |
NJ VOLUNTARY ORGANIZATIONS PURPOSE: HURRICANE IDA | $40,000 |
Los Angeles, CA PURPOSE: GENERAL SUPPORT | $35,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Vitalogy Foundation has recieved totaling $225,751.
| Awarding Organization | Amount |
|---|---|
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $195,789 |
Jewish Federation Of Greater Atlanta Inc Atlanta, GA PURPOSE: DONATIONS | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $4,962 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alabama Power Foundation Inc Birmingham, AL | $164,336,755 | $18,795,477 |
Tennessee Health Foundation Inc Chattanooga, TN | $243,056,353 | $3,261,329 |
Masters Tournament Foundation Inc Augusta, GA | $56,432,291 | $20,283,494 |
Assisi Foundation Of Memphis Inc Memphis, TN | $238,137,134 | $32,851,811 |
Commonwealth Foundations Richmond, VA | $819,010 | $12,460,000 |
Blue Cross & Blue Shield Of Mississippi Foundation Flowood, MS | $119,611,651 | $5,854,084 |
Caring Foundation Birmingham, AL | $70,981,159 | $5,434,235 |
Brown-Forman Foundation Louisville, KY | $0 | $24,207,060 |
Carmax Foundation Richmond, VA | $6,340,369 | $9,797,991 |
Ingersoll-Rand Charitable Foundation Davidson, NC | $949,422 | $5,202,263 |
Speedwell Foundation Atlanta, GA | $165,926,993 | $26,115,784 |
Teleios Collaborative Network Flat Rock, NC | $1,937,761 | $5,692,077 |