Vhiv Inc
- Assets
- $42.7m
- Revenue
- $2.8m
- Investments
- $42.2m
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/1991
- Data as of
- 12/2021
- EIN
- 31-1324522
Organization Overview
Vhiv Inc is located in New York, NY. The organization was established in 1991. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vhiv 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, Vhiv Inc generated $2.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $4.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
LEGACY HERITAGE PROJECT ACCELERATE PROGRAM
OTHER CHARITABLE EXPENDITURES - LEGACY HERITAGE PROJECT ACCELERATE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
B Gloznek Assistant Secretary | 0 | $0 | |
W Stern Director | 0 | $0 | |
R Kanner Director | 0 | $0 | |
G Levy Director | 0 | $0 | |
D Weissman Director | 0 | $0 | |
W Feinstein Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $55 |
| Dividends & Interest | $1,071,492 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,451,645 |
| Capital Gain Net Income | $1,451,645 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $242,932 |
| Total Revenue | $2,766,124 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $6,271 |
| Taxes | $91,092 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $210,246 |
| Total operating and administrative expenses | $320,013 |
| Contributions, gifts, grants paid | $3,977,706 |
| Total expenses and disbursements | $4,297,719 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $493,868 |
| 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 | $42,189,789 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $42,683,657 |
| Accounts payable and accrued expenses | $133,325 |
| 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 | $133,325 |
Grants Awarded
Over the last fiscal year, Vhiv Inc has awarded $1,848,918 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LEGACY HERITAGE PROJECT ACCELERATE PURPOSE: PROJECT ACCELERATE IS A NATIONAL PROGRAM FOR MID-SIZED, SECOND STAGE JEWISH NON-PROFIT ORGANIZATIONS. THE PROGRAM SUPPORTS THE DEVELOPMENT OF THE SENIOR LEADERSHIP OF PARTICIPATING ORGANIZATIONS, STRENGTHENS ORGANIZATIONAL INFRASTRUCTURE, AND STIMULATES AN INCREASE IN THE ORGANIZATIONS' CAPACITY TO IMPACT THEIR INDIVIDUAL FIELDS AND THE WIDER JEWISH COMMUNITY. THE COMPONENTS OF THE PROGRAM INCLUDE: ORGANIZATIONAL ASSESSMENT, COACHING, PROFESSIONAL DEVELOPMENT SEMINARS IN FUNDRAISING AND OTHER RELEVANT TOPICS, AND GRANT SUPPORT. | $1,848,916 |
LEGACY HERITAGE INVESTORS I LLC PURPOSE: FROM PASSTHROUGH | $2 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joan And Irwin Jacobs Technion-Cornell Innovation Instit New York, NY | $205,040,861 | $18,316,542 |
Tikvah Fund New York, NY | $103,047,859 | $6,270,985 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |
Catholic Schools Foundation Inc Boston, MA | $110,171,239 | $27,305,892 |
Echoing Green Inc New York, NY | $60,744,468 | $19,754,073 |
Partnership For Ed Advancement Inc New York, NY | $36,194,552 | $41,198,488 |
Alavi Foundation New York, NY | $64,468,510 | $30,201,673 |
Children Scholarship Fund Philadelphia Philadelphia, PA | $24,817,690 | $13,351,193 |
Foundation For Jewish Day Schools Of Greater Philadelphia Philadelphia, PA | $5,671,351 | $11,978,701 |
Uncommon Lender Inc New York, NY | $174,239,408 | $12,168,791 |
Family Enrichment Network Inc Johnson City, NY | $8,020,609 | $12,621,621 |
Laspau Inc Cambridge, MA | $9,172,350 | $9,862,515 |