Vonage Foundation Corp
- Assets
- $2.0m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Holmdel, NJ
- Founding
- 12/2012
- Data as of
- 12/2021
- EIN
- 46-1343291
Organization Overview
Vonage Foundation Corp is located in Holmdel, NJ. The organization was established in 2012. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vonage Foundation Corp 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, Vonage Foundation Corp generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 69.3% each year . All expenses for the organization totaled $47.6k during the year ending 12/2021. While expenses have increased by 3.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Vonage Foundation Corp has awarded 60 individual grants totaling $485,765. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED GRANTS TO 23 CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Udayan Jain Director | 1 | $0 | |
Karen Mckay Director | 1 | $0 | |
Savinay Berry Director | 1 | $0 | |
Joy Corso Chair/director | 1 | $0 | |
Randy Rutherford Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,000,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,584 |
| Contributions, gifts, grants paid | $46,000 |
| Total expenses and disbursements | $47,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,011,333 |
| Savings and temporary cash investments | $0 |
| 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 | $2,011,333 |
| 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, Vonage Foundation Corp has awarded $46,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Culver City, CA PURPOSE: STARLIGHT VR PROGRAM | $25,000 |
Oceanport, NJ PURPOSE: GENERAL SUPPORT | $10,000 |
Ashburn, VA PURPOSE: GENERAL SUPPORT | $5,000 |
SOUND START BABIES FOUNDATION PURPOSE: GENERAL SUPPORT | $5,000 |
Atlanta, GA PURPOSE: GENERAL SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Montgomery County Community Action Development Commission Norristown, PA | $3,474,447 | $9,701,447 |
Unique Life Inc Bronx, NY | $6,794,767 | $10,711,287 |
Liberty Lutheran Services Ambler, PA | $87,780,400 | $9,720,613 |
Albany County Opportunity Incorporated Albany, NY | $9,044,384 | $9,921,411 |
Community Action Partnership Of Mercer County Sharon, PA | $4,458,318 | $9,067,066 |
Doctors Of The World-Usa Inc New York, NY | $5,138,998 | $8,908,023 |
United Food And Commercial Workers International Union Oriskany, NY | $2,992,541 | $8,981,591 |
Wayne County Action Program Inc Lyons, NY | $3,537,821 | $9,071,492 |
Opportunities For Otsego Inc Oneonta, NY | $3,078,713 | $8,326,679 |
Methodist Services Philadelphia, PA | $6,407,252 | $8,201,860 |
Circle Of Care For Families And Children Of Passaic County Inc Woodland Park, NJ | $3,622,705 | $9,164,906 |
Lifeworks Community Action Inc Ballston Spa, NY | $2,628,001 | $8,482,858 |