Vegso Family Foundation Inc
- Assets
- $5.2m
- Revenue
- $193.8k
- Investments
- $4.8m
- Employees
- 0
- Location
- Boca Raton, FL
- Founding
- 06/1998
- Data as of
- 11/2022
- EIN
- 65-0801555
Organization Overview
Vegso Family Foundation Inc is located in Boca Raton, FL. The organization was established in 1998. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Vegso 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 11/2022, Vegso Family Foundation Inc generated $193.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $340.4k during the year ending 11/2022. While expenses have increased by 4.8% 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 2014, Vegso Family Foundation Inc has awarded 236 individual grants totaling $3,111,602. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Vegso Pres, Secy | 1 | $0 | |
Peter Vegso Vp, Treas | 1 | $0 | |
Carole Putnam Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $21,233 |
| Interest on Savings | $4,152 |
| Dividends & Interest | $152,153 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,072 |
| Capital Gain Net Income | $16,072 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $169 |
| Total Revenue | $193,779 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21,238 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22,856 |
| Total operating and administrative expenses | $44,094 |
| Contributions, gifts, grants paid | $296,330 |
| Total expenses and disbursements | $340,424 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $463,540 |
| 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 | $0 |
| Total assets | $5,241,741 |
| 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, Vegso Family Foundation Inc has awarded $296,330 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
AID TO VICTIMS OF DOMESTIC ABUSE INC PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION. | $33,930 |
AUTISM AFTER 21 INC PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION. | $17,500 |
BOCA BALLET THEATRE PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION. | $15,500 |
CENTRE FOR THE ARTS AT MIZNER PARK INC PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION. | $10,000 |
CHILD RESCUE COALITION INC PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION. | $1,200 |
CHILDREN'S AID CLUB PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION. | $350 |