Civic Intelligence

Vendemmia Foundation

990 • Fiscal year 2021 • EIN 51-0505819

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 22, 2022

Organization ProfileWWW.THEVENDEMMIAFOUNDATION.ORG
1841 South Broad StreetPhiladelphia, PA 19148

(215) 465-8810

Siviq Scores

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

Liabilities / Assets

67th percentile

0.02x

Higher debt load relative to assets than 67% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

80th percentile

0.12x

Higher debt load relative to revenue than 80% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

90th percentile

59%

Higher net margin than 90% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

47th percentile

3.5%

Faster asset growth than 47% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

95th percentile

316%

Faster revenue growth than 95% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets67th percentile

Assets

Up

$260,992

Up $8,904 (+3.5%) from 2020

Net Assets

Up

$256,493

Up $22,604 (+9.7%) from 2020

Liabilities

Down

$4,499

Down $13,700 (-75%) from 2020

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin90th percentile

Revenue

Up

$38,105

Up $28,950 (+316%) from 2020

Expenses

Up

$15,501

Up $5,310 (+52%) from 2020

Net Income

Up

$22,604

Up $23,640 (+2282%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth47th percentile

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

$300K$200K$100K$0Assets 2011: $190,478Liabilities 2011: $70,500Net Assets 2011: $119,9782011Assets 2012: $177,301Liabilities 2012: $60,149Net Assets 2012: $117,1522012Assets 2013: $208,171Liabilities 2013: $54,000Net Assets 2013: $154,1712013Assets 2014: $254,472Liabilities 2014: $51,300Net Assets 2014: $203,1722014Assets 2015: $242,469Liabilities 2015: $50,551Net Assets 2015: $191,9182015Assets 2016: $222,517Liabilities 2016: $47,701Net Assets 2016: $174,8162016Assets 2017: $225,958Liabilities 2017: $54,199Net Assets 2017: $171,7592017Assets 2018: $213,978Liabilities 2018: $31,499Net Assets 2018: $182,4792018Assets 2019: $248,194Liabilities 2019: $31,699Net Assets 2019: $216,4952019Assets 2020: $252,088Liabilities 2020: $18,199Net Assets 2020: $233,8892020Assets 2021: $260,992Liabilities 2021: $4,499Net Assets 2021: $256,4932021Assets 2022: $209,883Liabilities 2022: $4,499Net Assets 2022: $205,3842022Assets 2023: $201,734Liabilities 2023: $4,499Net Assets 2023: $197,2352023

Highlighted filing

2021

Assets$260,992
Liabilities$4,499
Net Assets$256,493
Open 2021 Filing

Operations Trend

Revenue Growth95th percentile

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

$100K$50K$0-$50KRevenue 2011: $40,861Expenses 2011: $24,103Net Income 2011: $16,7582011Revenue 2012: $25,120Expenses 2012: $27,946Net Income 2012: -$2,8262012Revenue 2013: $68,528Expenses 2013: $31,509Net Income 2013: $37,0192013Revenue 2014: $87,666Expenses 2014: $46,803Net Income 2014: $40,8632014Revenue 2015: $54,295Expenses 2015: $50,778Net Income 2015: $3,5172015Revenue 2016: $12,350Expenses 2016: $33,430Net Income 2016: -$21,0802016Revenue 2017: $13,903Expenses 2017: $33,072Net Income 2017: -$19,1692017Revenue 2018: $57,336Expenses 2018: $19,347Net Income 2018: $37,9892018Revenue 2019: $51,855Expenses 2019: $39,369Net Income 2019: $12,4862019Revenue 2020: $9,155Expenses 2020: $10,191Net Income 2020: -$1,0362020Revenue 2021: $38,105Expenses 2021: $15,501Net Income 2021: $22,6042021Revenue 2022: $10,770Expenses 2022: $9,400Net Income 2022: $1,3702022Revenue 2023: $73,790Expenses 2023: $81,939Net Income 2023: -$8,1492023

Highlighted filing

2021

Revenue$38,105
Expenses$15,501
Net Income$22,604
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 22, 2022
Return Version
2021v4.1
Gross Receipts
$82,018
Mission and Program Overview

Mission

The foundation promotes and preserves italian heritage in the south philadelphia community. In, addition, the foundation fosters pride in the community and provides educational scholarships to italian students in the community and other grants to support health, education and arts. The foundation organizes an annual festival to celebrate italian heritage and raise funds for its community programs.

SEE SCHEDULE 0

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$203,150$225,089▲ $21,939
Cash and Non-Interest-Bearing Accounts$45,817$33,121▼ $12,696
Savings and Temporary Cash Investments$3,121$2,782▼ $339
Total Assets$252,088$260,992▲ $8,904
Liabilities
Grants Payable$13,500--
Accounts Payable and Accrued Expenses$4,699$4,499▼ $200
Total Liabilities$18,199$4,499▼ $13,700
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$233,889$256,493▲ $22,604
Total Net Assets Fund Balance$233,889$256,493▲ $22,604
Total Liabilities and Net Assets / Fund Balance$252,088$260,992▲ $8,904
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Dr G VernosePres/chairman
Jay AgnesDirector
Thomas PitucciDirector
Vito CanusoDirector
Wlm CarapucciDirector
T McmichenVP/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$19,819
Other Revenue
$18,286
Change in Net Assets
$22,604
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$10,501
Grants and Similar Amounts Paid$5,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$5,000--$5,000
Fees for Services Accounting-$3,500-$3,500
Insurance-$2,307-$2,307
Fees for Service Investment Mgmnt Fees-$2,132-$2,132
Office Expenses-$666-$666
Other Expenses-$175-$175
Total Functional Expenses$5,000$10,501$0$15,501
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 Part VI Line 11B - Oerganizations Process to Review

“The 990 is provided to the treasurer for review before the filing of the form”

Form 990 Part VI Line 12C - Enforcement of Conflicts Policy

“All governing board members must sign an annual statement declaring that he complies with the conflict of interest of policy. Any conflict of interest is required to be reported”

Form 990 Part VI Line 12C - Enforcement of Conflicts Policy

“No compensation is paid to anyone as of this date”

Form 990 Part VI Line 19 - Governing Documents Disclsoure

“The foundation will provide documents to the public upon request”

Filing and Contact Details

Filer

Filer Name
Vendemmia Foundation
EIN
51-0505819
Address
1841 SOUTH BROAD STREET, PHILADELPHIA, PA 19148

Signing Officer

Name
Dr Gerard V Vernose Md
Title
President / Chairman
Phone
2154658800
Signed
2022-11-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Gerard V Vernose Md
Formed
2004
Legal Domicile
Pa
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Mcnally Accounting LLC
Address
1546 PACKER AVENUE 2ND FLOOR, PHILADELPHIA, PA 19145
Preparer
Patrick S Mcnally
Phone
2154627130
Supplemental Narrative

Additional Explanations

Form 990 - Organization Mission

“The foundation promotes and preserves italian heritage in the so phila community. In addition the foundation fosters pride in the community and provides ecucational scholarships to italian students in the community and other grants to”

Form 990 - Organization Mission

“Support health education and arts. The foundation organizes an annual festival to celebrate italian heritage and raise funds for its community programs.”

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION PROMOTES AND PRESERVES ITALIAN HERITAGE IN THE SO PHILA COMMUNITY. IN ADDITION THE FOUNDATION FOSTERS PRIDE IN THE COMMUNITY AND PROVIDES ECUCATIONAL SCHOLARSHIPS TO ITALIAN STUDENTS IN THE COMMUNITY AND OTHER GRANTS TO
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SUPPORT HEALTH EDUCATION AND ARTS. THE FOUNDATION ORGANIZES AN ANNUAL FESTIVAL TO CELEBRATE ITALIAN HERITAGE AND RAISE FUNDS FOR ITS COMMUNITY PROGRAMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 990 IS PROVIDED TO THE TREASURER FOR REVIEW BEFORE THE FILING OF THE FORM
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL GOVERNING BOARD MEMBERS MUST SIGN AN ANNUAL STATEMENT DECLARING THAT HE COMPLIES WITH THE CONFLICT OF INTEREST OF POLICY. ANY CONFLICT OF INTEREST IS REQUIRED TO BE REPORTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO COMPENSATION IS PAID TO ANYONE AS OF THIS DATE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FOUNDATION WILL PROVIDE DOCUMENTS TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990 - ORGANIZATION MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990 PART VI LINE 11B - OERGANIZATIONS PROCESS TO REVIEW
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990 PART VI LINE 12C - ENFORCEMENT OF CONFLICTS POLICY
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990 PART VI LINE 12C - ENFORCEMENT OF CONFLICTS POLICY
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990 PART VI LINE 19 - GOVERNING DOCUMENTS DISCLSOURE
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ReturnHeader/BuildTS02023-03-07 01:45:13Z
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ReturnHeader/ReturnTs02023-01-27T13:56:30-05:00
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ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$260,992
Liabilities
$4,499
Net assets
$256,493
Revenue
$38,105
Expenses
$15,501
Net income
$22,604
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$2.02$0.04$1.97$0.74$0.82$0.08
2022Detailed filing. Detailed filing data is available for this year.$2.10$0.04$2.05$0.11$0.09$0.01
2021Detailed filing. Detailed filing data is available for this year.$2.61$0.04$2.56$0.38$0.16$0.23
2020Detailed filing. Detailed filing data is available for this year.$2.52$0.18$2.34$0.09$0.10$0.01
2019Detailed filing. Detailed filing data is available for this year.$2.48$0.32$2.16$0.52$0.39$0.12
2018Detailed filing. Detailed filing data is available for this year.$2.14$0.31$1.82$0.57$0.19$0.38
2017Detailed filing. Detailed filing data is available for this year.$2.26$0.54$1.72$0.14$0.33$0.19
2016Detailed filing. Detailed filing data is available for this year.$2.23$0.48$1.75$0.12$0.33$0.21
2015Summary only. Only limited summary data is available for this year.$2.42$0.51$1.92$0.54$0.51$0.04
2014Summary only. Only limited summary data is available for this year.$2.54$0.51$2.03$0.88$0.47$0.41
2013Summary only. Only limited summary data is available for this year.$2.08$0.54$1.54$0.69$0.32$0.37
2012Summary only. Only limited summary data is available for this year.$1.77$0.60$1.17$0.25$0.28$0.03
2011Summary only. Only limited summary data is available for this year.$1.90$0.71$1.20$0.41$0.24$0.17
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2021 filings • 501(c)3 • <$500k nonprofits