Visceglia-Summit Associates Foundation
- Assets
- $582.1k
- Revenue
- $62.5k
- Investments
- $576.2k
- Employees
- 0
- Location
- Edison, NJ
- Founding
- 11/1955
- Data as of
- 12/2021
- EIN
- 22-6041608
Organization Overview
Visceglia-Summit Associates Foundation is located in Edison, NJ. The organization was established in 1955. 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. Visceglia-Summit Associates Foundation 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, Visceglia-Summit Associates Foundation generated $62.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $45.9k during the year ending 12/2021. While expenses have increased by 10.7% per year over the past 7 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 2014, Visceglia-Summit Associates Foundation has awarded 140 individual grants totaling $182,568. 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 |
|---|---|---|---|
John B Visceglia President | 10 | $0 | |
Katherine Visceglia Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $17,983 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $44,469 |
| Capital Gain Net Income | $44,469 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $62,453 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $365 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,780 |
| Total operating and administrative expenses | $8,345 |
| Contributions, gifts, grants paid | $37,600 |
| Total expenses and disbursements | $45,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,821 |
| Savings and temporary cash investments | $0 |
| 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 | $576,249 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $582,070 |
| Accounts payable and accrued expenses | $41 |
| 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 | $41 |
Grants Awarded
Over the last fiscal year, Visceglia-Summit Associates Foundation has awarded $37,600 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
OCEAN MEDICAL CENTER FOUNDATION PURPOSE: HOSPITAL & MEDICAL | $10,000 |
OCEAN MEDICAL CENTER FOUNDATION PURPOSE: HOSPITAL & MEDICAL | $5,000 |
BRIELLE FIRE COMPANY 1 INC PURPOSE: COMMUNITY & WELFARE | $5,000 |
MORAVIAN UNIVERSITY PURPOSE: EDUCATION & CULTURAL | $5,000 |
West Long Branch, NJ PURPOSE: EDUCATION & CULTURAL | $2,500 |
Brielle, NJ PURPOSE: EDUCATION & CULTURAL | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Selz Foundation New York, NY | $142,395,054 | $24,456,334 |
Rita Allen Foundation Princeton, NJ | $219,012,203 | $23,878,841 |
The Derfner Foundation New York, NY | $158,472,968 | $13,106,656 |
Jill Roberts Charitable Foundation Inc Garden City, NY | $11,485 | $9,710,793 |
James And Merryl Tisch Foundation Inc New York, NY | $1,291,425 | $11,020,609 |
Tortuga Foundation New York, NY | $110,168,381 | $33,186,414 |
The Joseph H Flom Foundation New York, NY | $6,836,169 | $3,314,736 |
Head & Heart Foundation Tr Wilmington, DE | $258,907,072 | $16,871,801 |
The Applebaum Foundation Inc New York, NY | $229,643,281 | $16,929,047 |
Deutsche Bank Americas Foundation New York, NY | $38,867,163 | $11,020,529 |
Charles A Dana Fdn Inc New York, NY | $248,257,333 | $20,769,847 |
The Powder Mill Foundation York, PA | $147,181,195 | $3,651,780 |