Vitis Research And Development Corporation

Organization Overview

Vitis Research And Development Corporation is located in Corpus Christi, TX. The organization was established in 1970. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vitis Research And Development Corporation is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.

For the year ending 09/2022, Vitis Research And Development Corporation generated $175.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.6%) each year. All expenses for the organization totaled $40.0k during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO FURTHER AGRI, HORT, VITICULTURAL EXPERIMENTATION

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO FURTHER AGRI, HORT, VITICULTURAL EXPERIMENTATION


TO FURTHER AGRI, HORT, VITICULTURAL EXPERIMENTATION


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Board, Officers & Key Employees

Name (title)Compensation
James H Foerster
Pres
$8,000
Gordon L Foerster
S/t
$8,000
Charles Eric Foerster
Director
$8,000
William Mathew Foerster
Director
$8,000
Carolyn F Lyons
Director
$8,000

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $55,471
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$30,639
Net Gain/Loss on Asset Sales $150,925
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $175,757

Grants Awarded

Over the last fiscal year, Vitis Research And Development Corporation has awarded $40,000 in support to 2 organizations.

Grant RecipientAmount

MD ANDERSON CANCER CENTER

Org PageRecipient Profile

Austin, TX

PURPOSE: RESEARCH

$20,000

Denison, TX

PURPOSE: RESEARCH

$20,000
View Grant Profile

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