Nino R Vaghi Foundation Inc
- Assets
- $5.8m
- Revenue
- $714.5k
- Investments
- $5.6m
- Employees
- 0
- Location
- Kensington, MD
- Founding
- 01/2005
- Data as of
- 12/2022
- EIN
- 20-1930198
Organization Overview
Nino R Vaghi Foundation Inc is located in Kensington, MD. The organization was established in 2005. 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. Nino R Vaghi 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 12/2022, Nino R Vaghi Foundation Inc generated $714.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 21.0% each year . All expenses for the organization totaled $225.9k during the year ending 12/2022. While expenses have increased by 4.7% per year over the past 8 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 2015, Nino R Vaghi Foundation Inc has awarded 398 individual grants totaling $1,735,089. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,000 |
| Interest on Savings | $313 |
| Dividends & Interest | $66,783 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $638,655 |
| Capital Gain Net Income | $638,655 |
| Net ST Capital Gain | $84 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,269 |
| Total Revenue | $714,482 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $590 |
| Pension plans, employee benefits | $0 |
| Interest | $4,825 |
| Taxes | $706 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,200 |
| Printing and publications | $0 |
| Other expenses | $21,800 |
| Total operating and administrative expenses | $42,592 |
| Contributions, gifts, grants paid | $183,260 |
| Total expenses and disbursements | $225,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,133 |
| Savings and temporary cash investments | $69,444 |
| 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 | $5,768,989 |
| 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 | $40,919 |
| Total liabilities | $40,919 |
Grants Awarded
Over the last fiscal year, Nino R Vaghi Foundation Inc has awarded $183,260 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
SERVICE SOURCE FOUNDATION PURPOSE: CHARITABLE CONTRIBUTION | $15,500 |
CATHOLIC CHARITIES FOUNDATION PURPOSE: CHARITABLE CONTRIBUTION | $5,000 |
ECHO FOUNDATION PURPOSE: CHARITABLE CONTRIBUTION | $5,000 |
JEWISH SOCIAL SERVICE AGENCY PURPOSE: CHARITABLE CONTRIBUTION | $1,000 |
POOR ROBERTS CHARITIES PURPOSE: CHARITABLE CONTRIBUTION | $1,500 |
PHILLIPS PROGRAMS FOR CHILDREN AND PURPOSE: CHARITABLE CONTRIBUTION | $2,500 |