Vital Edge Fund
- Assets
- $160.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sag Harbor, NY
- Founding
- 07/2006
- Data as of
- 09/2023
- EIN
- 20-3793080
Organization Overview
Vital Edge Fund is located in Sag Harbor, NY. The organization was established in 2006. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vital Edge Fund 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 09/2023, Vital Edge Fund generated $119.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $159.8k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RESEARCH, INFORMATION AND EDUCATION ON THE GLOBAL NEED FOR PHILANTHROPIC CONTRIBUTION TO PROVIDE FOR THE THIRD WORLD POOR WHILE GAINING AN UNDERSTANDING OF THEIR CULTURE WHICH WILL PROVIDE FOR ENSURING SECURITY OF THOSE LIVES ABROAD AS WELL AS HERE AT HOME. THE ORGANIZATION SEEKS TO ACCOMPLISH THIS THROUGH EXHIBITIONS, DOCUMENTARIES AND SPECIFIC PROGRAMS AND APPEALS BASED ON A DEMONSTRATED AND UNDERSTANDABLE GOAL, A LIMITED AND ACHIEVABLE OBJECTIVE, AND A TANGIBLE RESULT.SEE WEBSITE FOR SPECIFIC PROGRAMS COMPLETED, IN PROGRESS AND CONTEMPLATED.
Describe the Organization's Program Activity:
Part 3
IN 2012-2022 VITAL EDGE CONTINUED EXPANDING THE MICRO-SAVINGS PROGRAM (SFC) IN MALI, SENEGALAND NEPAL. USING THESE PROGRAMS AS A PLATFORM , ADDITIONAL PROGRAMS ARE BEING INTRODUCED ANNUALLY. TO-DATE THESE INCLUDE MID-WIFE TRAINING, LITERACY,AGRICULTURE, AND HEALTH IN MALI, AND ORGANIC COTTON FARMING AND WEAVING, MARKET CONSTRUCTION, MARKET GARDENING AND SMALL BUSINESS FUNDING IN SENEGAL. PURCHASE OF WATER DRILLING EQUIPMENT, ARRIVING IN SENEGAL WILL HELP FACILITATE MORE ECONOMIC EXPANSION OF THE MARKET GARDEN PROJECT, INCREASE EFFICIENCY AND REDUCE COSTS. A CHEESE MAKING WORKSHOP AND CHEESE DISTRIBUTION WAS STARTED TO DEVELOP THE ARTISAN BASED BUSINESSES OF PHAPLU IN NEPAL. RECONSTRUCTION EFFORTS WERE CONTINUED IN NEPAL AFTER THE APRIL 25, 2015 EARTHQUAKE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robin Saidman Chairman Executive Director | 10 | $25,000 | |
Nedinia Rumbough Director | 2 | $0 | |
Andrew Corrie Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $119,637 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $119,637 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $25,000 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,347 |
| Other expenses | $54,627 |
| Total expenses | $159,796 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $160,487 |
| Other assets | $0 |
| Total assets | $160,487 |
| Total liabilities | $0 |
| Net assets or fund balances | $160,487 |