Volo Foundation
- Assets
- $90.6m
- Revenue
- $39.2m
- Investments
- $73.0m
- Employees
- 0
- Location
- West Palm Beach, FL
- Founding
- 02/2016
- Data as of
- 12/2020
- EIN
- 47-2415681
Organization Overview
Volo Foundation is located in West Palm Beach, FL. The organization was established in 2016. 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. Volo 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 12/2020, Volo Foundation generated $39.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $8.0m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Volo Foundation has awarded 247 individual grants totaling $22,046,762. 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 |
|---|---|---|---|
Wendy J Oliver Program Director | 40 | $110,000 | |
Alejandro Delgado Editor-In-Chief | 40 | $75,000 | |
Stephanie Mclemore Digital Media Coordi | 40 | $62,400 | |
Kristina Salzberg Program Officer | 40 | $62,400 | |
Stephanie Ortega Creative Director | 40 | $62,400 | |
David S Vogel Trustee | 20 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chrisjeninv Consulting Llc | 12/30/21 | $225,720 |
Thomas C Deters | 12/30/21 | $152,125 |
Lisa Lopez Bergerand | 12/30/21 | $102,460 |
Brian W Mcilroy | 12/30/21 | $165,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $35,000,000 |
| Interest on Savings | $225 |
| Dividends & Interest | $244,384 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,998,484 |
| Capital Gain Net Income | $3,998,484 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $203 |
| Total Revenue | $39,243,296 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $68,665 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,113 |
| Taxes | $28,390 |
| Depreciation | $34,873 |
| Occupancy | $66,816 |
| Travel, conferences, and meetings | $75,596 |
| Printing and publications | $0 |
| Other expenses | $1,335,349 |
| Total operating and administrative expenses | $1,610,802 |
| Contributions, gifts, grants paid | $6,389,628 |
| Total expenses and disbursements | $8,000,430 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $16,850,739 |
| 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 | $73,037,333 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $705,502 |
| Total assets | $90,593,574 |
| 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 | $602,970 |
| Total liabilities | $602,970 |
Grants Awarded
Over the last fiscal year, Volo Foundation has awarded $8,005,009 in support to 80 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: GENERAL | $1,659,000 |
Miami, FL PURPOSE: GENERAL | $850,300 |
Honolulu, HI PURPOSE: GENERAL | $525,000 |
Seattle, WA PURPOSE: GENERAL | $400,000 |
UNIVERSITY OF CENTRAL FLORIDA PURPOSE: GENERAL | $400,000 |
Cambridge, MA PURPOSE: GENERAL | $300,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pentecost Foundation Bradenton, FL | $91,770,712 | $23,508,587 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
Micky And Madeleine Arison Family Foundation Coral Gables, FL | $232,510,515 | $23,555,348 |
Thomas W Smith Foundation Boca Raton, FL | $35,370,958 | $23,899,669 |
University Of Central Florida Research Foundation Inc Orlando, FL | $26,737,307 | $16,545,937 |
Wonderful Life Foundation West Palm Beach, FL | $22,652,179 | $19,424,572 |
Thompson-Hartford Foundation Inc Tampa, FL | $0 | $6,094,384 |
Harrell Family Charities Inc Lakeland, FL | $0 | $11,320,223 |
Audrey And Martin Gruss Foundation West Palm Beach, FL | $0 | $7,573,459 |
Phil J And Alice S Sheridan Foundation Inc Macon, GA | $17,357,251 | $6,663,970 |
St2 Foundation Inc Sunny Isles Beach, FL | $11,092,190 | $2,139,284 |
Davis Love Iii Foundation St Simons Island, GA | $5,238,841 | $10,992,325 |