Vip Foundation Inc
- Assets
- $1.1m
- Revenue
- $43.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Scottsdale, AZ
- Founding
- Data as of
- 12/2023
- EIN
- 86-1438875
Organization Overview
Vip Foundation Inc is located in Scottsdale, AZ. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Vip 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 12/2023, Vip Foundation Inc generated $43.4k 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 (69.4%) each year. All expenses for the organization totaled $132.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Vip Foundation Inc has awarded 11 individual grants totaling $175,500. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE VIP FOUNDATION WAS FOUNDED FOR THE PASSIONATE PURPOSE OF HELPING THOSE LESS FORTUNATE IN MANY CRITICALLY NEEDED AREAS ALWAYS WITH HEART (HOPE, EMBRACING, ACHIEVING, RAISING, AND THRIVING).
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEDICATED TO FUNDING PEOPLE, GROUPS, ORGANIZATIONS, AND PROGRAMS THAT ADDRESS ISSUES AND IMPROVE THE LIVES OF OTHERS. THE FOUNDATION FACILITATES THE GROWTH AND EFFECTIVENESS OF PHILANTHROPIC CONTRIBUTIONS AND EXPANDS THE CULTURE OF GIVING TO MEET THE NEEDS OF THE COMMUNITY UNDER THE FOLLOWING CATEGORIES:QUALITY OF LIFE - FACILITATE TO SUPPORT FOR PUBLIC SPACES, PARKS, TRAILS, THE OUTDOORS, ANIMAL WELFARE, CHILDREN'S ISSUES, AND EDUCATION.HEALTH & WELLNESS - FACILITATE TO SUPPORT FOR FOOD ASSISTANCE, NUTRITION, HEALTH-RELATED ORGANIZATIONS, WELLNESS, FITNESS, DISEASE PREVENTION AND RESEARCH, AND PEOPLE EXPERIENCING HEALTH EMERGENCIES.COLLABORATION - FACILITATE TO SUPPORT FOR CIVIC ORGANIZATIONS, THE MILITARY, VETERANS, AND OTHER NON-PROFITS WITH A SHARED MISSION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phil Shumway Executive Dir. | Officer | 30 | $12,700 |
James D Barbour II President | OfficerTrustee | 1 | $0 |
Keith Teegardin Vice President | OfficerTrustee | 1 | $0 |
Michael Metz Treasurer | OfficerTrustee | 1 | $0 |
Chris Janssen Secretary | OfficerTrustee | 1 | $0 |
Stuart Crawford Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,961 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,496 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,457 |
| Total Program Service Revenue | $0 |
| Investment income | $49,604 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$17,168 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $459 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,352 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $98,020 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $12,700 |
| Compensation of current officers, directors, key employees. | $6,939 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,050 |
| Fees for services: Other | $879 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $2,199 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,822 |
| All other expenses | $0 |
| Total functional expenses | $132,470 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,066 |
| Savings and temporary cash investments | $400,787 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,118 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $714,470 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,144,441 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,144,441 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,144,441 |
Grants Awarded
Over the last fiscal year, Vip Foundation Inc has awarded $83,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
HAWAII COMMUNITY FOUNDATION PURPOSE: Support mission | $30,000 |
LILYS PAD PURPOSE: Support mission | $15,000 |
PHOENIX CHILDRENS HOSPITAL FO PURPOSE: Support mission | $25,000 |
RISE AND DREAM FOUNDATION PURPOSE: Support mission | $13,000 |