Civic Intelligence

Volpe Foundation

990PF • Fiscal year 2023 • EIN 81-4721272

Jan 01, 2023 to Dec 31, 2023 • Filed on Feb 27, 2025

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.

2023 filings • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

40th percentile

0.00x

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

2023 filings • $500k-$1M nonprofits • Source year 2023

Net Margin

35th percentile

-4.5%

Higher net margin than 35% of similar nonprofits.

2023 filings • $500k-$1M nonprofits • Source year 2023

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.

2023 filings • $500k-$1M nonprofits • Source year 2023

Asset Growth

37th percentile

-1.8%

Faster asset growth than 37% of similar nonprofits.

2023 filings • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

83rd percentile

59%

Faster revenue growth than 83% of similar nonprofits.

2023 filings • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets40th percentile

Assets

Down

$711,581

Down $12,968 (-1.8%) from 2022

Net Assets

Down

$711,581

Down $12,968 (-1.8%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue40th percentileNet Margin35th percentile

Revenue

Up

$285,462

Up $105,439 (+59%) from 2022

Expenses

Down

$298,430

Down $30,209 (-9.2%) from 2022

Net Income

Up

-$12,968

Up $135,648 (+91%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth37th 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

2023

Assets$711,581
Liabilities$0
Net Assets$711,581
Open 2023 Filing

Operations Trend

Revenue Growth83rd 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

2023

Revenue$285,462
Expenses$298,430
Net Income-$12,968
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Feb 27, 2025
Return Version
2023v6.0
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
2025-02-27
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 Appendix300 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/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
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt3Foundation Source 501 Silverside Rd
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IRS990PF/UndistributedIncomeGrp/ExcessFromYear3Amt0244438
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt0286038
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt0285582
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt01007392
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt0721810
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorNum01
IRS990ScheduleB/ContributorInformationGrp/ContributorPersonNm0Vincent R Vople Jr
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1Txt011627 Versailles Lakes Lane
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/CityNm0Houston
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/StateAbbreviationCd0TX
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCd077082
IRS990ScheduleB/ContributorInformationGrp/PersonContributionInd0X
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0275000
IRS990ScheduleB/GeneralRuleInd0X
IRS990ScheduleB/Organization501c3ExemptPFInd0X
LandEtcSchedule2/LandEtcGrp/AccumulatedDepreciationAmt023235
LandEtcSchedule2/LandEtcGrp/BookValueAmt0317535
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/DisbursementsCharitablePrpsAmt01021
LegalFeesSchedule/LegalFeesGrp/LegalFeesAmt01021
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, 2023, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $275,000. This amount represents 25% or more of the Foundation's net assets of $725,065 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2023. 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/DisbursementsCharitablePrpsAmt09767
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt09767
OtherIncomeSchedule2/OtherIncomeDetail/Desc0Federal Tax Refund
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt010449
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt0250
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt0PHILANTHROPIC CONSULTING SVCS
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/DisbursementsCharitablePrpsAmt0250
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Vincent R Volpe Jr
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum08008391754
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-02-27
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/IRSResponsiblePrtyInfoCurrInd0true
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/ReturnTs02025-02-27T13:10:35-05:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$711,581
Liabilities
$0
Net assets
$711,581
Revenue
$285,462
Expenses
$298,430
Net income
-$12,968
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