Victor Cruz Foundation Inc
- Assets
- $640.2k
- Revenue
- $49.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Edison, NJ
- Founding
- 06/2012
- Data as of
- 12/2021
- EIN
- 35-2440982
Organization Overview
Victor Cruz Foundation Inc is located in Edison, NJ. The organization was established in 2012. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Victor Cruz Foundation 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, Victor Cruz Foundation Inc generated $49.8k 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 (11.9%) each year. All expenses for the organization totaled $79.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Victor Cruz Foundation Inc has awarded 13 individual grants totaling $416,999. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT FOR YOUTH TO ACHIEVE SUCCESS IN THE WORKFORCE AND LIFE THROUGH STEAM EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, THE VICTOR CRUZ FOUNDATION FUNDED THE GREAT FALLS (VIRTUAL) SUMMER STEAM PROGRAM, WHICH SERVED APPROXIMATELY 100 STUDENTS FROM PATERSON, NJ. THE FOUNDATION ALSO HOSTED STUDENTS FROM THE PATERSON CHARTER SCHOOL FOR SCIENCE AND TECHNOLOGY ON A TOUR OF HINCHLIFFE STADIUM DURING ITS RENOVATION. STUDENTS INTERESTED IN PURSUING A CAREER IN ENGINEERING LEARNED FROM THE SITE'S LEAD ARCHITECT AND DEVELOPER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Briana Thevenin Executive Director | Officer | 40 | $30,000 |
Victor Cruz President | OfficerTrustee | 1 | $0 |
Paul Rivera Board Member | Trustee | 1 | $0 |
Lisa P Wolf Board Member | Trustee | 1 | $0 |
Kristin Malaspina Board Member | Trustee | 1 | $0 |
Troy Dixon Board Member | Trustee | 1 | $0 |
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 | $47,087 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,087 |
| Total Program Service Revenue | $0 |
| Investment income | $2,677 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $49,764 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $35,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $30,000 |
| Compensation of current officers, directors, key employees. | $3,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,791 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $235 |
| Fees for services: Accounting | $6,133 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,387 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,554 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $79,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $209,474 |
| Savings and temporary cash investments | $29,161 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $401,565 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $640,200 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $640,200 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $640,200 |
Grants Awarded
Over the last fiscal year, Victor Cruz Foundation Inc has awarded $35,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: SUPPORT A SUMMER STEM PROGRAM | $25,000 |
Paterson, NJ PURPOSE: EDUCATIONAL | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Victor Cruz Foundation Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Pvh Foundation Inc New York, NY PURPOSE: GENERAL SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shira Association Inc Brooklyn, NY | $274,073 | $8,368,956 |
Chdfs Inc New York, NY | $4,427,558 | $6,216,072 |
Metropolitan Development Center Inc Brooklyn, NY | $2,978,131 | $7,487,789 |
Deal Sephardic Youth Center Inc Oakhurst, NJ | $15,545,893 | $7,918,218 |
Exalt Youth New York, NY | $8,260,540 | $8,836,761 |
Nyc Kids Rise Inc Long Island City, NY | $4,984,268 | $4,157,127 |
Urban Dove Inc Long Island City, NY | $5,170,319 | $5,441,041 |
Zichron Chaim Inc Monsey, NY | $8,440,547 | $4,476,093 |
Youthbuild Newark Newark, NJ | $8,371,396 | $7,058,437 |
Man Up Inc Brooklyn, NY | $3,303,421 | $3,938,909 |
Gwens Girls Incorporated Pittsburgh, PA | $4,688,036 | $4,701,406 |
The Philadelphia Education Fund Philadelphia, PA | $9,790,760 | $3,554,527 |