Civic Intelligence

Vita Nova Foundation Inc.

990 • Fiscal year 2017 • EIN 27-1020462

Oct 01, 2016 to Sep 30, 2017 • Filed on Aug 08, 2018

Organization Profilewww.vitanovainc.org
2724 N Australian Ave No 243West Palm Beach, FL 33407

(561) 689-0035

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

7th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

7th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

79th percentile

22%

Higher net margin than 79% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

66th percentile

9.3%

Faster asset growth than 66% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

73rd percentile

19%

Faster revenue growth than 73% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets7th percentile

Assets

Up

$5,385,474

Up $456,604 (+9.3%) from 2016

Net Assets

Up

$5,385,474

Up $456,604 (+9.3%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue7th percentileNet Margin79th percentile

Revenue

Up

$312,203

Up $48,862 (+19%) from 2016

Expenses

Down

$244,561

Down $123,564 (-34%) from 2016

Net Income

Up

$67,642

Up $172,426 (+165%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth66th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2012: $5,963,251Liabilities 2012: $6,511Net Assets 2012: $5,956,7402012Assets 2013: $6,340,830Liabilities 2013: $3,933Net Assets 2013: $6,336,8972013Assets 2014: $5,696,525Liabilities 2014: $0Net Assets 2014: $5,696,5252014Assets 2015: $4,836,290Liabilities 2015: $0Net Assets 2015: $4,836,2902015Assets 2016: $4,928,870Liabilities 2016: $0Net Assets 2016: $4,928,8702016Assets 2017: $5,385,474Liabilities 2017: $0Net Assets 2017: $5,385,4742017Assets 2018: $5,735,055Liabilities 2018: $0Net Assets 2018: $5,735,0552018Assets 2019: $5,594,789Liabilities 2019: $0Net Assets 2019: $5,594,7892019Assets 2020: $5,573,811Liabilities 2020: $0Net Assets 2020: $5,573,8112020Assets 2021: $6,061,526Liabilities 2021: $67,668Net Assets 2021: $5,993,8582021Assets 2022: $4,696,192Liabilities 2022: $0Net Assets 2022: $4,696,1922022Assets 2023: $5,219,047Liabilities 2023: $3,259Net Assets 2023: $5,215,7882023Assets 2024: $6,131,424Liabilities 2024: $779Net Assets 2024: $6,130,6452024

Highlighted filing

2017

Assets$5,385,474
Liabilities$0
Net Assets$5,385,474
Open 2017 Filing

Operations Trend

Revenue Growth73rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2012: $1,409,3552012Expenses 2013: $519,8192013Revenue 2014: $859,067Expenses 2014: $1,238,418Net Income 2014: -$379,3512014Revenue 2015: $316,618Expenses 2015: $704,007Net Income 2015: -$387,3892015Revenue 2016: $263,341Expenses 2016: $368,125Net Income 2016: -$104,7842016Revenue 2017: $312,203Expenses 2017: $244,561Net Income 2017: $67,6422017Revenue 2018: $161,930Expenses 2018: $185,311Net Income 2018: -$23,3812018Revenue 2019: $168,001Expenses 2019: $279,465Net Income 2019: -$111,4642019Revenue 2020: $157,795Expenses 2020: $446,705Net Income 2020: -$288,9102020Revenue 2021: $128,310Expenses 2021: $610,911Net Income 2021: -$482,6012021Revenue 2022: $159,602Expenses 2022: $244,818Net Income 2022: -$85,2162022Revenue 2023: $160,680Expenses 2023: $26,908Net Income 2023: $133,7722023Revenue 2024: $176,783Expenses 2024: $258,480Net Income 2024: -$81,6972024

Highlighted filing

2017

Revenue$312,203
Expenses$244,561
Net Income$67,642
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Aug 8, 2018
Return Version
2016v3.0
Gross Receipts
$444,605
Mission and Program Overview

Mission

509(A)(3) supporting organization for the exclusive benefit of Vita Nova, Inc. (EIN# 65-0298299) whose mission is to help young adults transition to independence by providing a stable, nurturing environment that includes housing, counseling, and education.

A 509(A)(3) Organization whose mission is to help young adults transition to independence.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,880,765$5,385,474▲ $504,709
Savings and Temporary Cash Investments$48,105--
Total Assets$4,928,870$5,385,474▲ $456,604
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$4,928,870$5,385,474▲ $456,604
Total Net Assets Fund Balance$4,928,870$5,385,474▲ $456,604
Total Liabilities and Net Assets / Fund Balance$4,928,870$5,385,474▲ $456,604
Compensation and Service Providers
Top Officer Pay20th percentile

Board Members and Trustees

NameTitle
Frank GulisanoChairman
Jennifer MerrittDirector
Karen TringaliDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$312,203
Other Revenue
$0
Change in Net Assets
$67,642

Audited Revenue Reconciliation

Revenue per Audited Statements
$108,203
Revenue Not Reported on Financial Statements
$204,000
Revenue Not Reported on Form 990
$2,659,183
Other Revenue Adjustments
$204,000
Total Revenue per Audited Statements
$2,767,386
Total Revenue per Form 990
$312,203
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$204,000
Other Expenses$40,561
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$204,000--$204,000
Fees for Service Investment Mgmnt Fees-$37,873-$37,873
Fees for Services Accounting-$2,688-$2,688
Total Functional Expenses$204,000$40,561$0$244,561

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,762,908
Expenses Not Reported on Form 990$1,722,347
Total Expenses per Form 990$244,561
Expenses Not Reported on Financial Statements$204,000
Other Expense Adjustments$204,000
Expenses per Audited Statements$40,561
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Vita Nova IncWest Palm Beach, FL501(c)(3)Unrestricted grant$204,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

“During the preparation of the 990, the finance sub-committee of the board of directors discussed components of the document at their regular meetings. Particular attention was paid to ascertaining that governance policies were in place and followed. The financial year which is being reported in the 990 was also discussed in detail. Board members also received a draft of the 990 for questions and comments. A copy of the final 990 was distributed to the Board members prior to submission to the IRS.”

Form 990, Part VI, Section B, line 12C

“Each year during the September meeting of the board of directors, each member is given the conflict of interest and asked to review it. They then sign a declaration that they agree to abide by its contents and declare any conflicts they have. If a conflict were to arise during the course of the year, the conflict of interest policy governs the procedures to be followed by the directors.”

Form 990, Part VI, Section B, line 15

“For the compensation of officers and key employees, an outside legal firm was hired to make a comparative study for compensation levels for similar positions and organizations. The report is given to the board of directors which discusses and documents the discussion and then sets compensation levels for all key employees.”

Form 990, Part VI, Section C, line 19

“Governing documents, conflict of interest policy and financial statements are made available to the public upon request. These documents are also reviewed annually by various bodies from which the Organization receives grants or has contracts.”

Filing and Contact Details

Filer

Filer Name
Vita Nova Foundation Inc
EIN
27-1020462
Phone
5616890035
Address
2724 N Australian Ave No 243, West Palm Beach, FL 33407

Signing Officer

Name
Frank Gulisano
Title
Chairman
Phone
5616890035
Signed
2018-08-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Frank Gulisano
Formed
2009
Legal Domicile
Fl
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
1

Preparer

Firm
Holyfield & Thomas LLC
Address
125 Butler St, West Palm Beach, FL 33407
Preparer
Scott Y Haynes
Phone
5616896000
Supplemental Narrative

Additional Explanations

990 Page 12, Part XII, Line 2C

“The Audit Report is reviewed annually at the Audit Report review meeting as presented by the independent auditor. The process has not changed form the prior yar.”

Financial Statement Notes

Part X, Line 2:

“The Organization is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code (IRC). The Organization has been classified as a publicly supported organization, which is not a private foundation under 509(a) of the Code. Income from certain activities not directly related to the Organization's tax-exempt purpose is subject to taxation as unrelated business income. Accordingly, there is no liability for income taxes reflected in these financial statements. The Organization follows FASB ASC 740-10, Accounting for Uncertainty in Income Taxes. This pronouncement seeks to reduce the diversity in practice associated with certain aspects of measurement and recognition in accounting for income taxes. It prescribes a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position that an entity takes or expects to take in a tax return. An entity may only recognize or continue to recognize tax positions that meet a "more likely than not" threshold. The Organization assesses its income tax positions based on management's evaluation of the facts, circumstances, and information available at the reporting date. The Organization uses the prescribed more likely than not threshold when making its assessment. There are currently no open federal or state tax years under audit.”

Part XI, Line 2D - Other Adjustments:

“Vita Nova, Inc. Revenue 2,229,033. Special Event Expenses 16,191.”

Part XI, Line 4B - Other Adjustments:

“Elimination Entry 204,000.”

Part XII, Line 2D - Other Adjustments:

“Vita Nova, Inc. Expenses 1,681,159. Special Event Expenses 16,191.”

Part XII, Line 4B - Other Adjustments:

“Elimination Entry 204,000.”

Raw XML Appendix378 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0A 509(A)(3) Organization whose mission is to help young adults transition to independence.
IRS990/AddressChangeInd0X
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0The Organization
IRS990/BooksInCareOfDetail/PhoneNum05616890035
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt03111 S Dixie Highway 243
IRS990/BooksInCareOfDetail/USAddress/CityNm0West Palm Beach
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd033405
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt0204000
IRS990/CYInvestmentIncomeAmt0312203
IRS990/CYOtherExpensesAmt040561
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt067642
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0244561
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0312203
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0Vita Nova Foundation, Inc. is the supporting organization for Vita Nova, Inc. The mission of Vita Nova, Inc. is to help young adults transition to independence by providing a stable, nurturing environment that includes housing, counseling, and education.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0204000
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt02688
IRS990/FeesForServicesAccountingGrp/TotalAmt02688
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt037873
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt037873
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt04.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0Frank Gulisano
IRS990/Form990PartVIISectionAGrp/PersonNm1Karen Tringali
IRS990/Form990PartVIISectionAGrp/PersonNm2Jennifer Merritt
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02009
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0112159
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantAmt0204000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0204000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0204000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0244561
IRS990/GrossReceiptsAmt0444605
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0200044
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0200044
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt04880765
IRS990/InvestmentsPubTradedSecGrp/EOYAmt05385474
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0FL
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0132402
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0509(A)(3) Supporting organization for the exclusive benefit of Vita Nova, Inc. (EIN# 65-02598299) whose mission is to help young adults transition to independence by providing a stable, nurturing environment that includes housing, counseling, and education.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt04928870
IRS990/NetAssetsOrFundBalancesEOYAmt05385474
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0112159
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0112159
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0388962
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Frank Gulisano
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0327500
IRS990/PYInvestmentIncomeAmt0263341
IRS990/PYOtherExpensesAmt040625
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-104784
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0368125
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0263341
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt067642
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt048105
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0650298299
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0204000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Vita Nova Inc
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0204000
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt024997
IRS990ScheduleD/DonatedServicesUseFcltsAmt024997
IRS990ScheduleD/ExpensesNotReportedAmt01722347
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0204000
IRS990ScheduleD/ExpensesSubtotalAmt040561
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0388962
IRS990ScheduleD/OtherExpensesIncludedAmt01697350
IRS990ScheduleD/OtherExpensesNotIncludedAmt0204000
IRS990ScheduleD/OtherRevenueAmt02245224
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0204000
IRS990ScheduleD/RevenueNotReportedAmt02659183
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0204000
IRS990ScheduleD/RevenueSubtotalAmt0108203
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code (IRC). The Organization has been classified as a publicly supported organization, which is not a private foundation under 509(a) of the Code. Income from certain activities not directly related to the Organization's tax-exempt purpose is subject to taxation as unrelated business income. Accordingly, there is no liability for income taxes reflected in these financial statements. The Organization follows FASB ASC 740-10, Accounting for Uncertainty in Income Taxes. This pronouncement seeks to reduce the diversity in practice associated with certain aspects of measurement and recognition in accounting for income taxes. It prescribes a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position that an entity takes or expects to take in a tax return. An entity may only recognize or continue to recognize tax positions that meet a "more likely than not" threshold. The Organization assesses its income tax positions based on management's evaluation of the facts, circumstances, and information available at the reporting date. The Organization uses the prescribed more likely than not threshold when making its assessment. There are currently no open federal or state tax years under audit.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Vita Nova, Inc. Revenue 2,229,033. Special Event Expenses 16,191.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Elimination Entry 204,000.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3Vita Nova, Inc. Expenses 1,681,159. Special Event Expenses 16,191.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4Elimination Entry 204,000.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0244561
IRS990ScheduleD/TotalRevenuePerForm990Amt0312203
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02767386
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01762908
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0204000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Unrestricted grant
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Vita Nova Inc
IRS990ScheduleI/RecipientTable/RecipientEIN0650298299
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt03111 S Dixie Highway
IRS990ScheduleI/RecipientTable/USAddress/CityNm0West Palm Beach
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0FL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd033405
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Grants made only to supported organization and monitored by Board of Directors.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0During the preparation of the 990, the finance sub-committee of the board of directors discussed components of the document at their regular meetings. Particular attention was paid to ascertaining that governance policies were in place and followed. The financial year which is being reported in the 990 was also discussed in detail. Board members also received a draft of the 990 for questions and comments. A copy of the final 990 was distributed to the Board members prior to submission to the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Each year during the September meeting of the board of directors, each member is given the conflict of interest and asked to review it. They then sign a declaration that they agree to abide by its contents and declare any conflicts they have. If a conflict were to arise during the course of the year, the conflict of interest policy governs the procedures to be followed by the directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2For the compensation of officers and key employees, an outside legal firm was hired to make a comparative study for compensation levels for similar positions and organizations. The report is given to the board of directors which discusses and documents the discussion and then sets compensation levels for all key employees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Governing documents, conflict of interest policy and financial statements are made available to the public upon request. These documents are also reviewed annually by various bodies from which the Organization receives grants or has contracts.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Audit Report is reviewed annually at the Audit Report review meeting as presented by the independent auditor. The process has not changed form the prior yar.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4990 Page 12, Part XII, Line 2c
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Vita Nova Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0650298299
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Helping young adults transition to adulthood.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Line 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt03111 S Dixie Highway
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0West Palm BeaCH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd033405
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0204000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Fair Market Value
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Vita Nova Inc-Support
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04928870
IRS990/TotalAssetsEOYAmt05385474
IRS990/TotalAssetsGrp/BOYAmt04928870
IRS990/TotalAssetsGrp/EOYAmt05385474
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt040561
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0204000
IRS990/TotalFunctionalExpensesGrp/TotalAmt0244561
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04928870
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05385474
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0204000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0312203
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0312203
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt01
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04928870
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05385474
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt04928870
IRS990/UnrestrictedNetAssetsGrp/EOYAmt05385474
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02724 N Australian Ave No 243
IRS990/USAddress/CityNm0West Palm Beach
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033407
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0www.vitanovainc.org
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Frank Gulisano
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman
ReturnHeader/BusinessOfficerGrp/PhoneNum05616890035
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-08-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Vita Nova Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0VITA
ReturnHeader/Filer/EIN0271020462
ReturnHeader/Filer/PhoneNum05616890035
ReturnHeader/Filer/USAddress/AddressLine1Txt02724 N Australian Ave No 243
ReturnHeader/Filer/USAddress/CityNm0West Palm Beach
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033407
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId03F2C1F92F376C90D02AC031579F8DE17ABDFDCC2
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0173.9.132.9
ReturnHeader/FilingSecurityInformation/IPDt02018-08-08
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm013:37:33
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0651083521
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Holyfield & Thomas LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0125 Butler St
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0West Palm Beach
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033407
ReturnHeader/PreparerPersonGrp/PhoneNum05616896000
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Scott Y Haynes
ReturnHeader/ReturnTs02018-08-14T16:08:46-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-10-01
ReturnHeader/TaxPeriodEndDt02017-09-30
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,385,474
Liabilities
$0
Net assets
$5,385,474
Revenue
$312,203
Expenses
$244,561
Net income
$67,642
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.13$0.00$6.13$0.18$0.26$0.08
2023Detailed filing. Detailed filing data is available for this year.$5.22$0.00$5.22$0.16$0.03$0.13
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.70$0.00$4.70$0.16$0.24$0.09
2021Detailed filing. Detailed filing data is available for this year.$6.06$0.07$5.99$0.13$0.61$0.48
2020Detailed filing. Detailed filing data is available for this year.$5.57$0.00$5.57$0.16$0.45$0.29
2019Detailed filing. Detailed filing data is available for this year.$5.59$0.00$5.59$0.17$0.28$0.11
2018Detailed filing. Detailed filing data is available for this year.$5.74$0.00$5.74$0.16$0.19$0.02
2017Detailed filing. Detailed filing data is available for this year.$5.39$0.00$5.39$0.31$0.24$0.07
2016Detailed filing. Detailed filing data is available for this year.$4.93$0.00$4.93$0.26$0.37$0.10
2015Detailed filing. Detailed filing data is available for this year.$4.84$0.00$4.84$0.32$0.70$0.39
2014Detailed filing. Detailed filing data is available for this year.$5.70$0.00$5.70$0.86$1.24$0.38
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.34$0.00$6.34$0.52
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.96$0.01$5.96$1.41