Vess Family Foundation
- Assets
- $13.5m
- Revenue
- $2.5m
- Investments
- $12.0m
- Employees
- 0
- Location
- Wichita, KS
- Founding
- 01/2013
- Data as of
- 12/2022
- EIN
- 45-3974304
Organization Overview
Vess Family Foundation is located in Wichita, KS. The organization was established in 2013. 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. Vess Family 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 12/2022, Vess Family Foundation generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Vess Family Foundation has awarded 150 individual grants totaling $3,714,736. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rhonda R Vess President | 2 | $0 | |
J Michael Vess Treasurer | 2 | $0 | |
Lacey N Vess Executive Director | 20 | $40,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,147,165 |
| Interest on Savings | $299 |
| Dividends & Interest | $270,347 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$97,711 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $156,939 |
| Total Revenue | $2,477,039 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,221 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,862 |
| Total operating and administrative expenses | $113,502 |
| Contributions, gifts, grants paid | $944,250 |
| Total expenses and disbursements | $1,057,752 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,396 |
| Savings and temporary cash investments | $1,363,330 |
| 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 | $108 |
| Total assets | $13,471,785 |
| 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 | $941 |
| Total liabilities | $941 |
Grants Awarded
Over the last fiscal year, Vess Family Foundation has awarded $944,250 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICANS FOR AMERICA PURPOSE: TRAINING AND EDUCATION | $75,000 |
CAMBODIAN CHILDREN'S FUND PURPOSE: UNRESTRICTED GENERAL FUND | $20,000 |
CENTER OF HOPE INC PURPOSE: UNRESTRICTED GENERAL FUND | $20,000 |
CATHOLIC CHARITIES INC PURPOSE: ANTHONY FAMILY SHELTER, HARBOR HOUSE | $14,000 |
CHILDRENS FIRST CEO KANSAS INC PURPOSE: UNRESTRICTED GENERAL FUND | $12,000 |
HUMANKIND MINISTRIES PURPOSE: UNRESTRICTED GENERAL FUND | $7,500 |