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Nonprofiteer
← VITA NOVA FOUNDATION INC

Form 990 for tax year 2024

Filed by VITA NOVA FOUNDATION INC.

Totals

Total revenue
$207,979
Total expenses
$249,833
Contributions and grants received
$0
Grants paid
$213,956
Program service revenue
$0
Investment income
$207,979
Other revenue
$0
Total assets, end of year
$6,467,511
Total liabilities, end of year
$7,762
Net assets or fund balances, end of year
$6,459,749
Program services expenses (Part IX)
$213,956
Management and general expenses
$35,877
Fundraising expenses
$0
Program service expenses (Part III)
$213,956

Program services were 85.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $207,979 · excluded $207,979

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $213,956 · program services $213,956

  • 11c · Fees: accounting

    total $6,922 · management and general $6,922

  • 11f · Fees: investment management

    total $28,894 · management and general $28,894

  • 13 · Office expenses

    total $61 · management and general $61

Balance sheet

Part X, book values.

  • 11 · Investments: publicly traded securities

    beginning of year $6,131,424 · end of year $6,467,511

  • 17 · Accounts payable and accrued expenses

    beginning of year $779 · end of year $7,762

  • 27 · Net assets without donor restrictions

    beginning of year $6,130,645 · end of year $6,459,749

Mission and programs · 2024

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.

Activities or mission (Part I)

509(A)(3) supporting organization for the exclusive benefit of Vita Nova, Inc. (Continued on Schedule O)(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.

  • Vita 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.

    Expenses $213,956 · Grants $213,956

As filed on the 2024 return.

Listed in Part VII

  • Frank Gulisano

    President

    Total calculated
    $0
    Hours/week
    2
  • Michael Branch

    Director

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • Anthony Marino Jr CPA

    Director

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • Alexandre Santos

    Director

    Total calculated
    $0
    Hours/week
    2
  • Toby Pina

    Director

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • Vassila Binensztok

    Director

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • Sarah McKnight

    Director

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • Jose Coto

    Director

    Total calculated
    $0
    Hours/week
    2 + 2 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • Vita Nova Inc

    501(c)(3) · Helping young adults transition to adulthood. · FL

Provenance

Return type
form_990
Tax year
2024
IRS schema version
2024v5.5
Source object
202632269349303038

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