Skip Viragh Foundation Inc
- Assets
- $289.5m
- Revenue
- $23.6m
- Investments
- $283.6m
- Employees
- 0
- Location
- Reno, NV
- Founding
- 02/2007
- Data as of
- 06/2021
- EIN
- 20-8044292
Organization Overview
Skip Viragh Foundation Inc is located in Reno, NV. The organization was established in 2007. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Skip Viragh 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 06/2021, Skip Viragh Foundation Inc generated $23.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $33.1m during the year ending 06/2021. While expenses have increased by 9.4% per year over the past 5 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 2017, Skip Viragh Foundation Inc has awarded 246 individual grants totaling $131,657,936. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark S Viragh President | 30 | $100,000 | |
Roger E Young Vice President | 30 | $100,000 | |
Katherine A Viragh Secretary | 30 | $100,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Young Brophy Pc | 6/29/21 | $166,588 |
Ubs Financial Services | 6/29/21 | $207,515 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,347,246 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,684,221 |
| Capital Gain Net Income | $17,684,221 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $603,774 |
| Total Revenue | $23,635,241 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $300,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $215,840 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,625,096 |
| Total operating and administrative expenses | $2,516,264 |
| Contributions, gifts, grants paid | $30,542,159 |
| Total expenses and disbursements | $33,058,423 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,916,163 |
| 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 | $283,555,054 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $289,471,217 |
| 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, Skip Viragh Foundation Inc has awarded $30,542,159 in support to 54 organizations.
| Grant Recipient | Amount |
|---|---|
Manhattan Beach, CA PURPOSE: RESEARCH ACCELERATION NETWORK GRANT - 3 YEAR COMMITTMENT | $5,366,667 |
HELPING UP MISSION PURPOSE: PROVIDES A VARIETY OF SERVICES TO THE HOMELESS, AND SUPPORT BUILDING CONSTRUCTION | $5,100,000 |
GO2 FOUNDATION FOR LUNG CANCER PURPOSE: PROVIDE THE FUND FOR SCREENING, CARE,EDUCATION,OUTREACH AND RESEARCH PROGRAMS | $3,000,000 |
INTERNATIONAL COOPERATING MINISTRIE PURPOSE: CHURCH/ORPHANAGE CONSTRUCTION | $2,200,000 |
Washington, DC PURPOSE: UNLOCKING THE POTENTIAL OF EVERY STUDENT AND CLOSING THE ACHIEVEMENT GAP BEFORE STUDENTS ENTER KINDERGARTEN BY PROVIDING THEM WITH THE SOCIAL, EMOTIONAL, AND COGNITIVE SKILLS THEY NEED TO THRIVE IN SCHOOL. | $1,500,000 |
TAPS TRAGEDY ASSIST PROGRAM PURPOSE: TO SUPPORT PROGRAM THAT OFFERS HELP FOR THOSE GRIEVING DEATH OF LOVED ONE IN ARMED FORCES. | $1,300,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Koum Family Foundation Palo Alto, CA | $2,010,566,070 | $59,411,015 |
The David Geffen Foundation Los Angeles, CA | $481,191,890 | $36,420,193 |
Knight Foundation Beaverton, OR | $3,232,383,420 | $1,963,443,063 |
Waverley Street Foundation Palo Alto, CA | $2,988,003,660 | $1,311,729,919 |
Dr Miriam And Sheldon G Adelson Las Vegas, NV | $37,664,470 | $5,516,038 |
Shimon Ben Joseph Foundation San Francisco, CA | $1,592,283,787 | $39,921,005 |
Alfred C Munger Foundation Los Angeles, CA | $17,737,694 | $91,163,030 |
Hellman Foundation San Francisco, CA | $693,471,633 | $133,789,010 |
The Eric And Wendy Schmidt Fund For Strategic Innovation Palo Alto, CA | $1,715,568,763 | $412,161,407 |
Omidyar Network Fund Inc Redwood City, CA | $490,038,780 | $21,031,743 |
Sobrato Family Foundation Mountain View, CA | $811,956,453 | $266,068,436 |
Moore Family Foundation Incline Village, NV | $173,909 | $5,659,701 |