Form 990 for tax year 2023
Filed by VICENTE FERRER FOUNDATION USA INC.
Totals
- Total revenue
- $552,710
- Total expenses
- $529,532
- Contributions and grants received
- $552,710
- Grants paid
- $260,606
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $254,595
- Total liabilities, end of year
- $205
- Net assets or fund balances, end of year
- $254,390
- Program services expenses (Part IX)
- $361,310
- Management and general expenses
- $81,030
- Fundraising expenses
- $87,192
- Program service expenses (Part III)
- $361,310
Program services were 68.2% 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.
-
1d · Related organizations
$300,000
-
1f · All other contributions, gifts and grants
$252,710
Functional expenses
Part IX, the statement of functional expenses.
-
3 · Grants to foreign organizations and individuals
total $260,606 · program services $260,606
-
7 · Other salaries and wages
total $185,599 · program services $75,273 · management and general $52,328 · fundraising $57,998
-
10 · Payroll taxes
total $15,483 · program services $6,237 · management and general $4,374 · fundraising $4,872
-
11c · Fees: accounting
total $12,000 · management and general $12,000
-
11g · Fees: other
total $4,763 · program services $3,097 · management and general $333 · fundraising $1,333
-
16 · Occupancy
total $21,140 · program services $8,494 · management and general $6,033 · fundraising $6,613
-
17 · Travel
total $4,717 · program services $2,517 · management and general $108 · fundraising $2,092
-
19 · Conferences, conventions and meetings
total $476 · program services $238 · fundraising $238
-
23 · Insurance
total $2,741 · program services $189 · management and general $2,421 · fundraising $131
-
24a · Other expenses: Outside Contracted Serv
total $10,022 · program services $3,338 · management and general $1,583 · fundraising $5,101
-
24b · Other expenses: Supplies
total $3,400 · program services $25 · management and general $130 · fundraising $3,245
-
24c · Other expenses: Bank Service Charges
total $2,635 · management and general $813 · fundraising $1,822
-
24d · Other expenses: Charitable Solicitation
total $2,310 · management and general $179 · fundraising $2,131
-
24e · All other expenses
total $3,640 · program services $1,296 · management and general $728 · fundraising $1,616
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $156,135 · end of year $212,697
-
4 · Accounts receivable
beginning of year $69,116 · end of year $32,216
-
10a · Land, buildings and equipment: cost or other basis
$6,502
-
10b · Land, buildings and equipment: accumulated depreciation
$6,502
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $6,075 · end of year $9,682
-
17 · Accounts payable and accrued expenses
beginning of year $114 · end of year $205
-
27 · Net assets without donor restrictions
beginning of year $177,212 · end of year $236,097
-
28 · Net assets with donor restrictions
beginning of year $54,000 · end of year $18,293
Mission and programs · 2023
Mission
Empowering rural communities to improve their living conditions through building strategic partnerships with key corporate, individual, and institutional stakeholders in the United States.
-
Awareness: VFF USA educates people in the U.S. about the challenges faced by marginalized communities in rural India, as well as the sustainable development projects which VFF and its partners are carrying out to empower local communities to improve their own living conditions.
Expenses $100,704
-
Grant Support: VFF USA provides grants to our partners in India to support comprehensive development programs. Grant-making supports rural infrastructure, health equity, education, sustainable agriculture, and livelihood programs focused on marginalized populations, including women and people with disabilities.
Expenses $260,606 · Grants $260,606 · Revenue $300,000
As filed on the 2023 return.
Listed in Part VII
-
Moncho Ferrer
Board Chair
- Total calculated
- $0
- Hours/week
- 3 + 45 related
-
Jordi Folgado
Director
- Total calculated
- $0
- Hours/week
- 1
-
Charu Panajkar
Director
- Total calculated
- $0
- Hours/week
- 1
-
Srilekha Palle
Director
- Total calculated
- $0
- Hours/week
- 1
-
Prem Gangalakunta
Director
- Total calculated
- $0
- Hours/week
- 1
-
Xavier Ruiz
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Martin Gurria
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Ushree Roy
Senior Director
- Total calculated
- $90,000
- From this org
- $90,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
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
No itemized grants to organizations 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.
-
Fundacion Vicente Ferrer
Charitable · SP
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 24 June 2024
- IRS schema version
- 2023v5.1
- Source object
- 202411839349300306
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