Michael And Norah Videtta Charitabl E Tr
- Assets
- $4.8m
- Revenue
- $274.5k
- Investments
- $4.6m
- Employees
- 0
- Location
- Otisfied, ME
- Founding
- 10/2008
- Data as of
- 09/2022
- EIN
- 30-6161369
Organization Overview
Michael And Norah Videtta Charitabl E Tr is located in Otisfied, ME. The organization was established in 2008. 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. Michael And Norah Videtta Charitabl E Tr 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 09/2022, Michael And Norah Videtta Charitabl E Tr generated $274.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $423.6k during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Michael And Norah Videtta Charitabl E Tr has awarded 20 individual grants totaling $914,759. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janice W Sinclair Co-Trustee | 5 | $28,897 | |
Ronald P Weyland Co-Trustee | 5 | $28,897 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $65 |
| Dividends & Interest | $186,544 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $87,845 |
| Capital Gain Net Income | $87,845 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $274,454 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $57,794 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,725 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35,484 |
| Total operating and administrative expenses | $108,453 |
| Contributions, gifts, grants paid | $315,108 |
| Total expenses and disbursements | $423,561 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $178,808 |
| 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 | $2,391,801 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,772,260 |
| 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, Michael And Norah Videtta Charitabl E Tr has awarded $315,108 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: REQUIRED INCOME DISTRIBUTION | $70,022 |
SHRINERS HOSPITAL PURPOSE: REQUIRED INCOME DISTRIBUTION | $70,022 |
Danvers, MA PURPOSE: REQUIRED INCOME DISTRIBUTION | $70,021 |
West Nyack, NY PURPOSE: REQUIRED INCOME DISTRIBUTION | $52,532 |
ST STEPHEN'S EPISCOPAL CHURCH PURPOSE: REQUIRED INCOME DISTRIBUTION | $35,011 |
GREATER LOWELL CHILDREN'S FUND INC PURPOSE: CHARITABLE CONTRIBUTION | $17,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Td Charitable Foundation Falmouth, ME | $0 | $26,328,021 |
P M Allen Family Foundation Hanover, NH | $110,796,013 | $13,365,268 |
Rannie Webster Foundation Rye, NH | $21,769,366 | $13,522,122 |
Elmina B Sewall Foundation Freeport, ME | $198,399,545 | $18,229,129 |
Lunder Foundation Portland, ME | $114,918 | $28,179,943 |
Otto And Fran Walter Foundation Inc Boothbay Harbor, ME | $14,780,673 | $2,403,803 |
The Jack & Dorothy Byrne Foundation Inc Hanover, NH | $178,090 | $5,355,970 |
The Birchtree Center Portsmouth, NH | $2,377,101 | $5,561,187 |
The Bill And Joan Alfond Foundation Portland, ME | $33,512,660 | $6,141,856 |
Friends Of Notre-Dame De Paris Inc Etna, NH | $24,880,670 | $12,372,128 |
Sam L Cohen Foundation Portland, ME | $30,483,258 | $3,967,796 |
Huber Foundation Falmouth, ME | $75,719,525 | $3,696,908 |