Vasko Family Foundation
- Assets
- $4.7m
- Revenue
- $84.2k
- Investments
- $4.6m
- Employees
- 0
- Location
- Benton, LA
- Founding
- Data as of
- 12/2023
- EIN
- 87-2367830
Organization Overview
Vasko Family Foundation is located in Benton, LA. 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. Vasko 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 12/2023, Vasko Family Foundation generated $84.2k 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 (74.4%) each year. All expenses for the organization totaled $220.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Vasko Family Foundation has awarded 11 individual grants totaling $297,000. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S ONLY ACTIVITY IS MAKING GRANTS TO IRC 501(C)(3) ENTITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Vasko Director | 1 | $0 | |
Pat Vasko Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $96,241 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$12,069 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $84,172 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,525 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19,271 |
| Total operating and administrative expenses | $23,796 |
| Contributions, gifts, grants paid | $197,000 |
| Total expenses and disbursements | $220,796 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,978 |
| Savings and temporary cash investments | $0 |
| 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 | $1,385,526 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,677,357 |
| 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, Vasko Family Foundation has awarded $197,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
BIBLE STUDY FELLOWSHIP (WOMEN'S GROUP) PURPOSE: CHARITABLE | $10,000 |
FIRST UNITED METHODIST CHURCH PURPOSE: RELIGIOUS | $75,000 |
BIBLE STUDY FELLOWSHIP (MEN'S GROUP) PURPOSE: CHARITABLE | $10,000 |
LOCAL CHURCH INC PURPOSE: RELIGIOUS | $2,000 |
PRAGERU PURPOSE: CHARITABLE | $5,000 |
TIM TEBOE FOUNDATION PURPOSE: CHARITABLE | $25,000 |