Joseph And Cynthia Vitale Family Foundation
- Assets
- $282.6k
- Revenue
- $5.8k
- Investments
- $204.1k
- Employees
- 0
- Location
- Scotia, NY
- Founding
- Data as of
- 12/2022
- EIN
- 85-3835823
Organization Overview
Joseph And Cynthia Vitale Family Foundation is located in Scotia, NY. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Joseph And Cynthia Vitale Family Foundation 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, Joseph And Cynthia Vitale Family Foundation generated $5.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (74.9%) each year.
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 |
|---|---|---|---|
Joseph F Vitale Director | 1 | $0 | |
Cynthia Vitale Director | 1 | $0 | |
Stephanie Vitale-Villano Director | 1 | $0 | |
Joseph R Vitale Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $315 |
| Dividends & Interest | $5,521 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,836 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $821 |
| Printing and publications | $0 |
| Other expenses | $1,323 |
| Total operating and administrative expenses | $4,069 |
| Contributions, gifts, grants paid | $24,419 |
| Total expenses and disbursements | $28,488 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $78,546 |
| 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 | $282,625 |
| 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, Joseph And Cynthia Vitale Family Foundation has awarded $24,419 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
BIRTHRIGHT OF SCHENECTADY PURPOSE: UNRESTRICTED | $1,000 |
S BOSTON CATHOLIC ACADEMY PURPOSE: UNRESTRICTED | $3,000 |
CAPITAL REGION TOYS FOR TOTS PURPOSE: UNRESTRICTED | $2,500 |
FOLDS OF HONOR PURPOSE: UNRESTRICTED | $500 |
ALZHEIMER'S ASSOCIATION PURPOSE: UNRESTRICTED | $200 |
CITY MISSION PURPOSE: UNRESTRICTED | $600 |