Vespa Family Foundation Inc
- Assets
- $496.3k
- Revenue
- $10.8k
- Investments
- $451.0k
- Employees
- 0
- Location
- Franklin Lakes, NJ
- Founding
- 02/2003
- Data as of
- 12/2022
- EIN
- 37-1452034
Organization Overview
Vespa Family Foundation Inc is located in Franklin Lakes, NJ. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Vespa Family 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 12/2022, Vespa Family Foundation Inc generated $10.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $129.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Vespa Family Foundation Inc has awarded 197 individual grants totaling $550,741. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony J Vespa President & Treasurer | 10 | $0 | |
Melanie A Vespa Secretary | 10 | $5,000 | |
Allison Vespa Vice President | 5 | $5,000 | |
Amy Vespa Vice President | 5 | $5,000 | |
Anthony C Vespa Vice President | 5 | $5,500 | |
Alyssa Seminaro Vice President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10,349 |
| Dividends & Interest | $330 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $162 |
| Capital Gain Net Income | $162 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,841 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,019 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $24,176 |
| Total operating and administrative expenses | $47,695 |
| Contributions, gifts, grants paid | $81,625 |
| Total expenses and disbursements | $129,320 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,157 |
| Savings and temporary cash investments | $30,172 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $496,329 |
| 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, Vespa Family Foundation Inc has awarded $81,625 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CROSS BRDER CIVILIANS FOUNDATION PURPOSE: TO FUND NORMAL OPERATIONS | $500 |
GOFONDME HELP OUR AFGH (HELP THE PERSECUTED INC) PURPOSE: TO FUND NORMAL OPERATIONS | $575 |
LONG ISLAND UNIVERSITY BROOKLYN PURPOSE: TO FUND NORMAL OPERATIONS | $49,825 |
MSK GIVING ( MEMORIAL SLOAN KETTERING CANCER CENTER) PURPOSE: TO FUND NORMAL OPERATIONS | $2,000 |
NEW YORK LAW SCHOOL PURPOSE: TO FUND NORMAL OPERATIONS | $24,500 |
SUSAN G KOMEN ( BREST CANCER ) PURPOSE: TO FUND NORMAL OPERATIONS | $100 |