Victoria Foundation Inc
- Assets
- $335.4m
- Revenue
- $24.1m
- Investments
- $331.5m
- Employees
- 0
- Location
- Newark, NJ
- Founding
- 11/1936
- Data as of
- 12/2021
- EIN
- 22-1554541
Organization Overview
Victoria Foundation Inc is located in Newark, NJ. The organization was established in 1936. 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. Victoria 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, Victoria Foundation Inc generated $24.1m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $16.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Victoria Foundation Inc has awarded 767 individual grants totaling $61,941,125. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE STATEMENT 14
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Irene Cooper-Basch Co-Executive Officer And Secretary | 50 | $337,000 | |
Craig L Drinkard Co-Executive Officer & Asst. Secretary | 50 | $258,400 | |
Joseph M Matara Chief Financial Offi | 37.5 | $200,800 | |
Stephanie Greenwood Program Officer | 37.5 | $126,000 | |
Chasity Davis Office Manager | 37.5 | $84,660 | |
Brianna Suarez Program Officer | 37.5 | $81,193 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morgan Stanley | 12/30/21 | $770,305 |
Frontline Solutions International Llc | 12/30/21 | $60,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14 |
| Dividends & Interest | $5,888,757 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,748,566 |
| Capital Gain Net Income | $17,653,129 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $500,000 |
| Total Revenue | $24,137,337 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $595,400 |
| Other employee salaries and wages | $660,479 |
| Pension plans, employee benefits | $385,172 |
| Interest | $0 |
| Taxes | $310,000 |
| Depreciation | $0 |
| Occupancy | $60,826 |
| Travel, conferences, and meetings | $4,688 |
| Printing and publications | $0 |
| Other expenses | $433,334 |
| Total operating and administrative expenses | $3,337,388 |
| Contributions, gifts, grants paid | $13,514,400 |
| Total expenses and disbursements | $16,851,788 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $3,928,424 |
| 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 | $139,318,099 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,650 |
| Total assets | $335,393,283 |
| 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, Victoria Foundation Inc has awarded $34,543,400 in support to 390 organizations.
| Grant Recipient | Amount |
|---|---|
NEWARK COMMUNITY STREET TEAM PURPOSE: TO ADDRESS THE EVICTION CRISIS IN NEWARK RESULTING FROM THE ONGOING COVID PANDEMIC AND TO SUPPORT A YEAR-LONG ORGANIZING AND ADVOCACY CAMPAIGN CALLED "NEWARK STAYS" TO PUSH FOR CHANGES THAT INCREASE HOUSING SECURITY AND AFFORDABILITY OVER THE LONG TERM | $1,000,000 |
Newark, NJ PURPOSE: RENEWAL: ARTS EDUCATION INITIATIVES AND PROFESSIONAL DEVELOPMENT | $900,000 |
Newark, NJ PURPOSE: RENEWAL: GENERAL OPERATING | $800,000 |
TRUST FOR PUBLIC LAND PURPOSE: RENEWAL: PARKS FOR PEOPLE: GENERAL OPERATING SUPPORT | $660,000 |
Newark, NJ PURPOSE: RENEWAL: GENERAL OPERATING SUPPORT | $660,000 |
Newark, NJ PURPOSE: RENEWAL: GENERAL OPERATING SUPPORT | $600,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Victoria Foundation Inc has recieved totaling $500,000.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnhold Foundation Inc New York, NY | $497,481,101 | $53,665,580 |
Prudential Foundation Inc Newark, NJ | $137,651,624 | $53,115,847 |
The Grace And Mercy Foundation Inc New York, NY | $617,102,449 | $100,220,039 |
Peter G Peterson Foundation New York, NY | $1,055,700,983 | $50,280,779 |
Leon Levy Foundation New York, NY | $614,122,389 | $121,596,253 |
Shubert Foundation Inc New York, NY | $671,108,588 | $57,657,953 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Aurora Foundation Wilmington, DE | $762,186,529 | $34,829,057 |
Hauser Foundation Inc New York, NY | $0 | $9,971,722 |
Pinkerton Foundation New York, NY | $0 | $34,479,499 |
Jerome L Greene Foundation Inc New York, NY | $761,173,462 | $44,061,271 |