Vatheuer Family Foundation Inc
- Assets
- $52.9m
- Revenue
- $4.2m
- Investments
- $4.5m
- Employees
- 0
- Location
- Hobart, WA
- Founding
- 10/1996
- Data as of
- 12/2023
- EIN
- 93-1218806
Organization Overview
Vatheuer Family Foundation Inc is located in Hobart, WA. The organization was established in 1996. 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. Vatheuer 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 12/2023, Vatheuer Family Foundation Inc generated $4.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (19.8%) each year. All expenses for the organization totaled $5.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Vatheuer Family Foundation Inc has awarded 226 individual grants totaling $15,142,139. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
THE FOUNDATION IS IN THE PROCESS OF DEVELOPING A SOLAR ELECTRICITY PROGRAM DESIGNED TO PROVIDE POWER TO LOW-INCOME FAMILIES AND 501(C)(3) NONPROFIT ORGANIZATIONS IN OREGON AT A DISCOUNTED RATE FROM MARKET PRICES. THE SOLAR ARRAY'S DESIGN HAS BEEN COMPLETED, AND ORDERS FOR SOLAR PANELS AND OTHER ESSENTIAL COMPONENTS HAVE BEEN PLACED. TO DATE, EXPENSES HAVE INCLUDED DESIGN COSTS AND DEPOSITS ON EQUIPMENT. CONSTRUCTION WILL CONTINUE IN 2024, WITH THE ARRAY EXPECTED TO BE OPERATIONAL IN 2025. THE EXACT NUMBER OF BENEFICIARIES WILL BE DETERMINED ONCE THE PROJECT IS FULLY OPERATIONAL.
ECONOMIC, BUSINESS, EDUCATIONAL AND HEALTH CARE DEVELOPMENT IN MEXICO, BENEFITING APPROX. 350 FAMILIES IN 30 RURAL COMMUNITIES. PROGRAMS INCLUDE AGRICULTURAL AND FARMING TECHNICAL SUPPORT AND COMMERCIALIZATION, AGRICULTURAL BUSINESS ENTITY FORMATION AND ORGANIZATION, WATER CONSERVATION AND DISTRIBUTION, FINANCIAL EDUCATION, ENTREPRENEURSHIP AND SCHOLARSHIP PROGRAMS.
TO SUPPORT ORGANIZATIONS THAT CONDUCT RESEARCH AND PROVIDE SERVICES IN APPLIED SCIENCES, INCENTIVIZING AND MONITORING HEALTH INTERVENTIONS, MEDICAL IMAGING AND DIAGNOSIS, REGENERATIVE MEDICINE, AND SUSTAINABLE AGRICULTURE AND FOOD SYSTEMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stefan Vatheuer Director/president | 45 | $206,172 | |
Martin Vatheuer Director | 2 | $0 | |
Jeannine Anstiss Director | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Thomas Dixon | 12/30/23 | $108,141 |
Red Telescope Global | 12/30/23 | $88,748 |
Princeton Property Management | 12/30/23 | $538,624 |
Cfo Selections | 12/30/23 | $70,963 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,339 |
| Interest on Savings | $0 |
| Dividends & Interest | $131,234 |
| Net Rental Income | $1,731,826 |
| Net Gain on Sale of Assets | $70,260 |
| Capital Gain Net Income | $70,260 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $110 |
| Total Revenue | $4,198,869 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $206,172 |
| Other employee salaries and wages | $151,635 |
| Pension plans, employee benefits | $65,523 |
| Interest | $81 |
| Taxes | $363,133 |
| Depreciation | $710,751 |
| Occupancy | $605,969 |
| Travel, conferences, and meetings | $83,769 |
| Printing and publications | $0 |
| Other expenses | $98,405 |
| Total operating and administrative expenses | $3,303,544 |
| Contributions, gifts, grants paid | $1,813,709 |
| Total expenses and disbursements | $5,117,253 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,000 |
| Savings and temporary cash investments | $984,680 |
| Net Accounts receivable | $13,487 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $90,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $43,785,269 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $983,596 |
| Other assets | $2,579,888 |
| Total assets | $52,935,601 |
| 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 | $171,018 |
| Total liabilities | $171,018 |
Grants Awarded
Over the last fiscal year, Vatheuer Family Foundation Inc has awarded $1,977,638 in support to 55 organizations.
| Grant Recipient | Amount |
|---|---|
SUSTAINABLE AGRICULTURE AND FOOD SYSTEM FUNDERS (SAFSF) PURPOSE: SUPPORT OF SAFSF FILM DOCUMENTARY AND WORK WITH THE NATIONAL ASSOCIATION OF STATE DEPARTMENTS OF AGRICULTURE ANNUAL FORUM. | $55,000 |
PSU FOUNDATION PURPOSE: SPONSOR (8) 2024 ENGINEERING DEGREE SCHOLARSHIPS. | $84,000 |
OHSU FOUNDATION PURPOSE: SUPPORT ADVANCED CRITICAL MEDICAL RESEARCH AT CENTER FOR REGENERATIVE MEDICINE, CENTER INFRASTRUCTURE/LAB AND PRODUCT INNOVATION. | $150,000 |
NEW COVENANT MISSIONS PURPOSE: AFRICA SUB-SAHARA, SAHEL AND ETHIOPIA SOCIAL BENEFIT PROGRAMS AND HUMANITARIAN RELIEF INCLUDING ASSISTANCE WITH BASIC LIVING NECESSITIES. | $177,000 |
OHSU FOUNDATION PURPOSE: SUPPORT FOR EVALUATION OF A NOVEL AND EFFECTIVE TREATMENT TO REDUCE MATERNAL MORTALITY DUE TO POSTPARTUM HEMORRHAGE. | $150,000 |
UW FOUNDATION PURPOSE: PARTNERS IN PREVENTION OF SCHOOL VIOLENCE PROJECT, EVOLVING INTO THE VIOLENCE PREVENTION AND TRANSFORMATION RESEARCH COLLABORATIVE SUPPORTING DR. ERIC MADFIS RESEARCH ON COUNTERMEASURES TO GUN VIOLENCE. | $150,000 |