Vecellio Family Foundation Inc
- Assets
- $11.0m
- Revenue
- $392.5k
- Investments
- $10.8m
- Employees
- 0
- Location
- Beckley, WV
- Founding
- 11/1973
- Data as of
- 12/2021
- EIN
- 55-0538242
Organization Overview
Vecellio Family Foundation Inc is located in Beckley, WV. The organization was established in 1973. 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. Vecellio Family 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, Vecellio Family Foundation Inc generated $392.5k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $621.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Vecellio Family Foundation Inc has awarded 430 individual grants totaling $2,361,000. 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 |
|---|---|---|---|
Leo A Vecellio Jr President/trustee | 0 | $0 | |
Michael J Sullivan Secretary/treasurer | 0 | $0 | |
Robert L Castrodale Trustee | 0 | $0 | |
Patricia Vecellio Cunningham Trustee | 0 | $0 | |
Kathryn C Vecellio Vice President/trustee | 0 | $0 | |
Ll Gwinn Asst Secretary/treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $221,160 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $154,610 |
| Capital Gain Net Income | $154,610 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $16,779 |
| Total Revenue | $392,549 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $440 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $76,205 |
| Contributions, gifts, grants paid | $545,500 |
| Total expenses and disbursements | $621,705 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $188,668 |
| 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 | $22,403 |
| Total assets | $11,001,357 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $161,000 |
| 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 | $161,000 |
Grants Awarded
Over the last fiscal year, Vecellio Family Foundation Inc has awarded $699,000 in support to 115 organizations.
| Grant Recipient | Amount |
|---|---|
PALM BEACH ATLANTIC UNIVERSITY PURPOSE: CHARITABLE PURPOSES, RESTRICTED FOR VECELLIO FAMILY SCHOLARSHIPS | $50,000 |
SALVATION ARMY BECKLEY CORPS PURPOSE: CHARITABLE PURPOSES, UNRESTRICTED | $30,000 |
SALVATION ARMY WEST PALM BEACH CORPS PURPOSE: CHARITABLE PURPOSES, UNRESTRICTED | $30,000 |
CLEVELAND CLINIC PURPOSE: CHARITABLE PURPOSES, RESTRICTED FOR RESEARCH | $25,000 |
AMERICAN HEART ASSOCIATION PURPOSE: CHARITABLE PURPOSES, FOR ANNUAL GALA | $25,000 |
THE SCHEPENS EYE RESEARCH INSTITUTE PURPOSE: CHARITABLE PURPOSES, UNRESTRICTED | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
Service Coordination Inc Frederick, MD | $19,156,790 | $52,158,150 |
Sarah Scaife Foundation Inc Pittsburgh, PA | $645,014,499 | $79,121,296 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
Nationwide Foundation Columbus, OH | $86,187,581 | $42,470,606 |