Civic Intelligence

Volpe Foundation

990PF • Fiscal year 2022 • EIN 81-4721272

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 14, 2023

Organization Profile
Foundation Source 501 Silverside RdWilmington, DE 19809-1377

(800) 839-1754

Siviq Scores

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

Liabilities / Assets

40th percentile

0.00x

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

2022 filings • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

39th percentile

0.00x

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

2022 filings • $500k-$1M nonprofits • Source year 2022

Net Margin

9th percentile

-83%

Higher net margin than 9% of similar nonprofits.

2022 filings • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

57th percentile

$0

Higher top officer pay than 57% of similar nonprofits.

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

2022 filings • $500k-$1M nonprofits • Source year 2022

Asset Growth

12th percentile

-17%

Faster asset growth than 12% of similar nonprofits.

2022 filings • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

97th percentile

407%

Faster revenue growth than 97% of similar nonprofits.

2022 filings • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets40th percentile

Assets

Down

$724,549

Down $148,616 (-17%) from 2021

Net Assets

Down

$724,549

Down $148,616 (-17%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue39th percentileNet Margin9th percentile

Revenue

Up

$180,023

Up $144,503 (+407%) from 2021

Expenses

Up

$328,639

Up $98,793 (+43%) from 2021

Net Income

Up

-$148,616

Up $45,710 (+24%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

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

$1.5M$1.0M$500K$0Assets 2018: $824,893Liabilities 2018: $0Net Assets 2018: $824,8932018Assets 2019: $767,942Liabilities 2019: $0Net Assets 2019: $767,9422019Assets 2020: $1,067,491Liabilities 2020: $0Net Assets 2020: $1,067,4912020Assets 2021: $873,165Liabilities 2021: $0Net Assets 2021: $873,1652021Assets 2022: $724,549Liabilities 2022: $0Net Assets 2022: $724,5492022Assets 2023: $711,581Liabilities 2023: $0Net Assets 2023: $711,5812023Assets 2024: $366,549Liabilities 2024: $0Net Assets 2024: $366,5492024

Highlighted filing

2022

Assets$724,549
Liabilities$0
Net Assets$724,549
Open 2022 Filing

Operations Trend

Revenue Growth97th percentile

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

$600K$400K$200K$0-$200K-$400KRevenue 2018: $403Expenses 2018: $52,488Net Income 2018: -$52,0852018Revenue 2019: $222Expenses 2019: $57,173Net Income 2019: -$56,9512019Revenue 2020: $330,019Expenses 2020: $30,470Net Income 2020: $299,5492020Revenue 2021: $35,520Expenses 2021: $229,846Net Income 2021: -$194,3262021Revenue 2022: $180,023Expenses 2022: $328,639Net Income 2022: -$148,6162022Revenue 2023: $285,462Expenses 2023: $298,430Net Income 2023: -$12,9682023Revenue 2024: $87,022Expenses 2024: $432,054Net Income 2024: -$345,0322024

Highlighted filing

2022

Revenue$180,023
Expenses$328,639
Net Income-$148,616
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Compensation and Service Providers
Top Officer Pay57th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stephanie LambertDir, Treas-$0--
Camille VolpeDir, Sec-$0--
Christine VolpeDir, VP-$0--
Vincent R Volpe JrDir, Pres, Chairman-$0--
Filing and Contact Details

Filer

Filer Name
Volpe Foundation
EIN
81-4721272
In Care Of
% Foundation Source
Phone
8008391754
Address
Foundation Source 501 Silverside Rd, Wilmington, DE 19809-1377

Signing Officer

Name
Vincent R Volpe Jr
Title
President
Phone
8008391754
Signed
2023-11-14
Discuss with paid preparer
Yes

Preparer

Firm
Foundation Source
Address
3333 New Hyde Park Rd Ste 406, New Hyde Park, NY 11042
Preparer
Jeffrey D Haskell
Phone
8008391754
Raw XML Appendix301 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.

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IRS990PF/DistributableAmountGrp/DistributableAsAdjustedAmt05997
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IRS990PF/DistributableAmountGrp/DistributableBeforeDedAmt05997
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IRS990PF/DistributableAmountGrp/TaxBasedOnInvestmentIncomeAmt00
IRS990PF/DistributableAmountGrp/TotalTaxAmt00
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm0Stephanie Lambert
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm1Camille Volpe
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm2Christine Volpe
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm3Vincent R Volpe Jr
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt0Dir, Treas
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt1Dir, Sec
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt2Dir, VP
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt3Dir, Pres, Chairman
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt0Foundation Source 501 Silverside Rd
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt1Foundation Source 501 Silverside Rd
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt2Foundation Source 501 Silverside Rd
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt3Foundation Source 501 Silverside Rd
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/CityNm0Wilmington
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/CityNm1Wilmington
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IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd0false
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IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr2Amt0244438
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt0721810
IRS990PF/UndistributedIncomeGrp/ExcessFromCurrentYearAmt0301749
IRS990PF/UndistributedIncomeGrp/ExcessFromYear1Amt0175623
IRS990PF/UndistributedIncomeGrp/ExcessFromYear2Amt0244438
IRS990PF/UndistributedIncomeGrp/PriorYear1Yr02020
IRS990PF/UndistributedIncomeGrp/PriorYear2Yr02019
IRS990PF/UndistributedIncomeGrp/PriorYear3Yr02018
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt0307746
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt0301749
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt0721810
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt0420061
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorNum01
IRS990ScheduleB/ContributorInformationGrp/ContributorPersonNm0Volpe Jr Vincent R
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1Txt011627 Versailles Lakes Lane
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/CityNm0Houston
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/StateAbbreviationCd0TX
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCd077082
IRS990ScheduleB/ContributorInformationGrp/PersonContributionInd0X
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0180000
IRS990ScheduleB/GeneralRuleInd0X
IRS990ScheduleB/Organization501c3ExemptPFInd0X
LandEtcSchedule2/LandEtcGrp/AccumulatedDepreciationAmt010843
LandEtcSchedule2/LandEtcGrp/BookValueAmt0329927
LandEtcSchedule2/LandEtcGrp/BookValueAmt150834
LandEtcSchedule2/LandEtcGrp/BookValueAmt29269
LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt0BUILDING - 2216 W
LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt1LAND - 2216 W STAT
LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt2LAND - 2218 W STAT
LandEtcSchedule2/LandEtcGrp/CostOrOtherBasisAmt0340770
LandEtcSchedule2/LandEtcGrp/CostOrOtherBasisAmt150834
LandEtcSchedule2/LandEtcGrp/CostOrOtherBasisAmt29269
LandEtcSchedule2/LandEtcGrp/EOYFMVAmt0330443
LandEtcSchedule2/LandEtcGrp/EOYFMVAmt150834
LandEtcSchedule2/LandEtcGrp/EOYFMVAmt29269
LegalFeesSchedule/LegalFeesGrp/CategoryTxt0General Consultations
LegalFeesSchedule/LegalFeesGrp/DisbursementsCharitablePrpsAmt0500
LegalFeesSchedule/LegalFeesGrp/LegalFeesAmt0500
LiquidationExplanationStmt/ExplanationTxt0As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2022, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $290,000. This amount represents 25% or more of the Foundation's net assets of $873,165 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2022. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein.
OtherAssetsSchedule/OtherAssetsScheduleGrp/Desc0PRI - WALSH FOUNDATION
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYBookValueAmt0320000
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYFMVAmt0320000
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0Administrative Fees
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1Bank Charges
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt011925
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt050
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt011925
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt150
TaxesSchedule/TaxesDetail/Amt010000
TaxesSchedule/TaxesDetail/Amt15321
TaxesSchedule/TaxesDetail/CategoryTxt0990-PF Extension for 2021
TaxesSchedule/TaxesDetail/CategoryTxt1Property Taxes
TaxesSchedule/TaxesDetail/DisbursementsCharitablePrpsAmt05321
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Vincent R Volpe Jr
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08008391754
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Volpe Foundation
ReturnHeader/Filer/BusinessNameControlTxt0VOLP
ReturnHeader/Filer/EIN0814721272
ReturnHeader/Filer/InCareOfNm0% Foundation Source
ReturnHeader/Filer/PhoneNum08008391754
ReturnHeader/Filer/USAddress/AddressLine1Txt0Foundation Source 501 Silverside Rd
ReturnHeader/Filer/USAddress/CityNm0Wilmington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DE
ReturnHeader/Filer/USAddress/ZIPCd0198091377
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Foundation Source
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03333 New Hyde Park Rd Ste 406
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0New Hyde Park
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011042
ReturnHeader/PreparerPersonGrp/PhoneNum08008391754
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jeffrey D Haskell
ReturnHeader/ReturnTs02023-11-15T19:27:09-06:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Vincent R
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Volpe Jr
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$724,549
Liabilities
$0
Net assets
$724,549
Revenue
$180,023
Expenses
$328,639
Net income
-$148,616
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.37$0.00$0.37$0.09$0.43$0.35
2023Detailed filing. Detailed filing data is available for this year.$0.71$0.00$0.71$0.29$0.30$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.72$0.00$0.72$0.18$0.33$0.15
2021Detailed filing. Detailed filing data is available for this year.$0.87$0.00$0.87$0.04$0.23$0.19
2020Detailed filing. Detailed filing data is available for this year.$1.07$0.00$1.07$0.33$0.03$0.30
2019Detailed filing. Detailed filing data is available for this year.$0.77$0.00$0.77$0.00$0.06$0.06
2018Detailed filing. Detailed filing data is available for this year.$0.82$0.00$0.82$0.00$0.05$0.05