Vecchitto Family Charitable Foundation Inc
- Assets
- $4.0m
- Revenue
- $1.7m
- Investments
- $3.8m
- Employees
- 0
- Location
- Aventura, FL
- Founding
- 12/2014
- Data as of
- 12/2021
- EIN
- 47-1012739
Organization Overview
Vecchitto Family Charitable Foundation Inc is located in Aventura, FL. The organization was established in 2014. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, 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. Vecchitto Family Charitable 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, Vecchitto Family Charitable Foundation Inc generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.1% each year . All expenses for the organization totaled $223.0k during the year ending 12/2021. While expenses have increased by 31.3% 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 2015, Vecchitto Family Charitable Foundation Inc has awarded 61 individual grants totaling $587,500. 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 |
|---|---|---|---|
Gwenn Vecchitto Director | 0 | $0 | |
Corrin Vecchitto Director | 0 | $0 | |
Stephen Vecchitto Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $269,990 |
| Interest on Savings | $27,929 |
| Dividends & Interest | $47,984 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,337,187 |
| Capital Gain Net Income | $1,337,187 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15,423 |
| Total Revenue | $1,698,513 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $481 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $60,511 |
| Total operating and administrative expenses | $63,017 |
| Contributions, gifts, grants paid | $160,000 |
| Total expenses and disbursements | $223,017 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $220,936 |
| 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 | $318,004 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,016,572 |
| 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, Vecchitto Family Charitable Foundation Inc has awarded $160,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Pinecrest, FL PURPOSE: SUPPORTING CHILDREN | $35,000 |
MAKE-A-WISH PURPOSE: SUPPORTING CHILDREN | $30,000 |
OLD CUTLER PRESBYTERIAN CHURCH PURPOSE: TO SUPPORT CARES PROGRAM | $25,000 |
KENYA EDUCATION FUND PURPOSE: EDUCATION | $20,000 |
ORPHAN'S PROMISE PURPOSE: SUPPORTING CHILDREN | $15,000 |
MOUNT SINAI PURPOSE: SUPPORTING CHILDREN | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Burger King Mclamore Foundation Inc Miami, FL | $34,345,730 | $7,130,405 |
Foundation For A Greater Opportunity Sunny Isles Beach, FL | $149,453,585 | $25,729,322 |
Foundation For Foster Children Inc Winter Park, FL | $2,698,652 | $3,146,058 |
Ldg & Lpr Charitable Foundation Jupiter, FL | $11,202,189 | $2,184,628 |
Special Operation Care Fund Inc Atlanta, GA | $332,687 | $2,251,151 |
Boca West Community Charitable Foundation Inc Boca Raton, FL | $673,816 | $1,556,875 |
Jeep Beach Inc Ormond Beach, FL | $246,764 | $1,454,805 |
The Arc Tampa Bay Foundation Inc Clearwater, FL | $19,764,393 | $4,465,884 |
Glenridge Charitable Foundation Inc Jacksonville, FL | $125,452 | $997,663 |
Children Of Restaurant Employees Woodstock, GA | $1,825,017 | $1,448,112 |
Jackson Emc Foundation Inc Jefferson, GA | $239,768 | $1,230,630 |
The@karl G Estes Foundation Jacksonville, FL | $3,330,988 | $3,813,042 |