Vortex Foundation
- Assets
- $6.1m
- Revenue
- $544.6k
- Investments
- $3.6m
- Employees
- 0
- Location
- Perrysburg, OH
- Founding
- 02/1988
- Data as of
- 12/2023
- EIN
- 34-6883855
Organization Overview
Vortex Foundation is located in Perrysburg, OH. The organization was established in 1988. 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. Vortex 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 12/2023, Vortex Foundation generated $544.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $417.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Vortex Foundation has awarded 175 individual grants totaling $3,707,800. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence T Foster Trustee | 1 | $0 | |
Diana K Foster Trustee | 1 | $0 | |
Amy L Steele Manager | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $81,533 |
| Interest on Savings | $32,987 |
| Dividends & Interest | $270,760 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $164,343 |
| Capital Gain Net Income | $164,343 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$5,048 |
| Total Revenue | $544,575 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,094 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,578 |
| Total operating and administrative expenses | $46,230 |
| Contributions, gifts, grants paid | $371,000 |
| Total expenses and disbursements | $417,230 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,508 |
| Savings and temporary cash investments | $2,392,340 |
| 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 | $51,987 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,119,315 |
| 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 | $4,562 |
| Total liabilities | $4,562 |
Grants Awarded
Over the last fiscal year, Vortex Foundation has awarded $371,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
AMI KIDS PURPOSE: DIRECT CHARITABLE SUPPORT | $10,000 |
BEAUFORT MEMORIAL HOSPITAL FOUNDATION PURPOSE: DIRECT CHARITABLE SUPPORT | $12,000 |
COASTAL CONSERVATION LEAGUE PURPOSE: DIRECT CHARITABLE SUPPORT | $5,000 |
BOYS & GIRLS CLUB OF THE LOW COUNTRY PURPOSE: DIRECT CHARITABLE SUPPORT | $1,000 |
HISTORIC BEAUFORT FOUNDATION PURPOSE: DIRECT CHARITABLE SUPPORT | $5,000 |
HISTORIC WOODLAWN CEMETERY FOUNDATION PURPOSE: DIRECT CHARITABLE SUPPORT | $4,000 |