Victoria Foundation Inc
- Assets
- $304.9m
- Revenue
- $7.6m
- Investments
- $301.8m
- Employees
- 0
- Location
- Newark, NJ
- Founding
- 11/1936
- Data as of
- 12/2023
- 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 12/2023, Victoria Foundation Inc generated $7.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 33.4% each year . All expenses for the organization totaled $15.3m during the year ending 12/2023. While expenses have increased by 1.7% 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 2019, Victoria Foundation Inc has awarded 1,282 individual grants totaling $103,528,650. 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
2023
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 |
|---|---|---|---|
Frank Alvarez President | 5 | $0 | |
Margaret H Parker 1st Vice President | 2 | $0 | |
Robert Clark 2nd Vice President | 2 | $0 | |
Gary M Wingens Treasurer | 2 | $0 | |
Sarah Chubb Sauvayre Secretary | 2 | $0 | |
Henry Amoroso Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morgan Stanley | 12/30/23 | $754,382 |
The Marlo Companies Inc | 12/30/23 | $71,148 |
Bridge Partners Llc | 12/30/23 | $77,066 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,554,874 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,065,339 |
| Capital Gain Net Income | $2,044,130 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $18,500 |
| Total Revenue | $7,638,713 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $395,400 |
| Other employee salaries and wages | $1,038,326 |
| Pension plans, employee benefits | $484,384 |
| Interest | $0 |
| Taxes | $60,000 |
| Depreciation | $0 |
| Occupancy | $123,084 |
| Travel, conferences, and meetings | $68,615 |
| Printing and publications | $0 |
| Other expenses | $561,156 |
| Total operating and administrative expenses | $3,752,615 |
| Contributions, gifts, grants paid | $11,545,600 |
| Total expenses and disbursements | $15,298,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $3,094,537 |
| 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 | $79,530,377 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $21,578 |
| Total assets | $304,923,310 |
| 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 $16,067,100 in support to 224 organizations.
| Grant Recipient | Amount |
|---|---|
CLEAN WATER FUND PURPOSE: TO SUPPORT GENERAL OPERATIONS | $30,000 |
CLINTON HILL COMMUNITY ACTION PURPOSE: TO SUPPORT GENERAL OPERATIONS TOWARDS FINANCIAL STEWARDSHIP OF THE ORGANIZATION | $100,000 |
COLLABORATIVE SUPPORT PROGRAMS OF NEW JERSEY INC PURPOSE: TO SUPPORT THE PEER MENTORS AND WELLNESS COACHES WHO PROVIDE TRAUMA-INFORMED CARE, ACTIVITIES, AND RESOURCES TO THE MEMBERS OF A BETTER LIFE WELLNESS COMMUNITY CENTER IN NEWARK, NJ | $20,000 |
COMMUNITY ASSET PRESERVATION CORPORATION PURPOSE: TO SUPPORT GENERAL OPERATIONS | $35,000 |
COMMUNITY FOUNDATION OF NEW JERSEY PURPOSE: TO SUPPORT THE OFFICE OF TENANT LEGAL SERVICES | $90,000 |
COMMUNITY FOUNDATION OF NEW JERSEY PURPOSE: TO SUPPORT THE NEWARK COMMUNITY IMPACT FUND | $20,000 |