Vecellio Family Foundation Inc
- Assets
- $9.3m
- Revenue
- $222.6k
- Investments
- $9.0m
- Employees
- 0
- Location
- Beckley, WV
- Founding
- 11/1973
- Data as of
- 12/2022
- 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 12/2022, Vecellio Family Foundation Inc generated $222.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (38.8%) each year. All expenses for the organization totaled $689.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Vecellio Family Foundation Inc has awarded 346 individual grants totaling $2,029,250. 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 | |
Kathryn C Vecellio Vice President/trustee | 0 | $0 | |
Robert L Castrodale Trustee | 0 | $0 | |
Patricia Vecellio Cunningham 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 | $200,017 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,157 |
| Capital Gain Net Income | $12,157 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,395 |
| Total Revenue | $222,569 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,304 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $73,861 |
| Contributions, gifts, grants paid | $615,250 |
| Total expenses and disbursements | $689,111 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $220,569 |
| 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 | $18,913 |
| Total assets | $9,280,428 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $224,500 |
| 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 | $224,500 |
Grants Awarded
Over the last fiscal year, Vecellio Family Foundation Inc has awarded $776,250 in support to 126 organizations.
| Grant Recipient | Amount |
|---|---|
CASSIDY T ARANGO PURPOSE: SCHOLARSHIP | $1,250 |
BROOK ATHEY PURPOSE: SCHOLARSHIP | $2,500 |
LOGAN BOWER PURPOSE: SCHOLARSHIP | $1,250 |
MADISON BRANHAM PURPOSE: SCHOLARSHIP | $2,500 |
JOHN M COWGER PURPOSE: SCHOLARSHIP | $1,000 |
MADISON DECK PURPOSE: SCHOLARSHIP | $2,500 |