V & S Foundation Inc
- Assets
- $465.3k
- Revenue
- $231.1k
- Investments
- $352.1k
- Employees
- 0
- Location
- Gaithersburg, MD
- Founding
- 09/2008
- Data as of
- 06/2022
- EIN
- 80-0160777
Organization Overview
V & S Foundation Inc is located in Gaithersburg, MD. The organization was established in 2008. 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. V & S 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, V & S Foundation Inc generated $231.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $454.6k during the year ending 06/2022. While expenses have increased by 3.6% per year over the past 6 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 2015, V & S Foundation Inc has awarded 184 individual grants totaling $2,802,260. 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 |
|---|---|---|---|
Amanda C Viragh President | 5 | $37,875 | |
Stephanie R Saturni CEO | 15 | $53,167 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $14,125 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $216,986 |
| Capital Gain Net Income | $216,986 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $231,111 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $91,042 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $118 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,110 |
| Total operating and administrative expenses | $97,009 |
| Contributions, gifts, grants paid | $357,595 |
| Total expenses and disbursements | $454,604 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $113,186 |
| 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 | $465,279 |
| 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, V & S Foundation Inc has awarded $357,595 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
BETHESDA SOCCER CLUB PURPOSE: SCHOLARSHIPS FOR KIDS TO PLAY SOCCER | $25,000 |
SPECIAL OLYMPICS PURPOSE: POLAR BEAR PLUNGE | $10,000 |
OUR LADY OF GOOD COUNSEL HIGH SCHOO PURPOSE: MISSIONS SUPPORT | $25,000 |
IGNATIAN LAY VOLUNTEER CORPS PURPOSE: PROVIDE SUPPORT SERVICES TO ORGANIZATIONS THAT SERVE THE POOR | $25,000 |
SECOND CHANCE WILDLIFE CENTER INC PURPOSE: FOOD FOR ANIMALS | $5,000 |
STEPPING STONES SHELTER INC PURPOSE: SHELTER AND SUPPORT TO HOMELESS FAMILIES | $5,000 |