Violet H Greco Foundation Inc
- Assets
- $4.3m
- Revenue
- $277.2k
- Investments
- $4.3m
- Employees
- 0
- Location
- Suffolk, VA
- Founding
- 12/1997
- Data as of
- 06/2022
- EIN
- 54-1859728
Organization Overview
Violet H Greco Foundation Inc is located in Suffolk, VA. The organization was established in 1997. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Violet H Greco 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 06/2022, Violet H Greco Foundation Inc generated $277.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $209.6k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Violet H Greco Foundation Inc has awarded 94 individual grants totaling $1,179,740. 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 |
|---|---|---|---|
S Chris Jones President/dir | 1.5 | $2,500 | |
Richard R Harris Director | 1 | $2,500 | |
John P Leigh Director | 1 | $2,500 | |
Lynne W Stockman Director | 1 | $2,500 | |
Susan R Mansfield Secretary/dir | 1.5 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $138 |
| Dividends & Interest | $186,185 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $90,751 |
| Capital Gain Net Income | $90,751 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $98 |
| Total Revenue | $277,172 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | -$3,462 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $503 |
| Total operating and administrative expenses | $39,572 |
| Contributions, gifts, grants paid | $170,000 |
| Total expenses and disbursements | $209,572 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $67,643 |
| 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 | $206,673 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,324,045 |
| 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, Violet H Greco Foundation Inc has awarded $170,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Suffolk, VA PURPOSE: CHARITABLE | $50,000 |
Suffolk, VA PURPOSE: CHARITABLE | $20,000 |
ST MARYS CHILDRENS HOME PURPOSE: CHARITABLE | $18,000 |
Norfolk, VA PURPOSE: CHARITABLE | $15,000 |
Suffolk, VA PURPOSE: CHARITABLE | $15,000 |
HEALTHY PEOPLE HEALTHY SUFFOLK PURPOSE: CHARITABLE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
Msi-Us Washington, DC | $1,301,607 | $71,292,993 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
Bhp Foundation Washington, DC | $309,092,778 | $68,102,954 |
Wyss Medical Foundation Inc Washington, DC | $41,278,790 | $827,503 |
Service Coordination Inc Frederick, MD | $19,156,790 | $52,158,150 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
Bainum Family Foundation Bethesda, MD | $0 | $60,288,788 |