Nonprofit · EIN 22-1554541
VICTORIA FOUNDATION INC
Tax-exempt · NEWARK, NJ 07102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $19,591,024 | $17,196,484 | $2,394,540 | $334,731,480 | $0 | $334,731,480 |
| December 31, 2023 | 990-PF | $7,638,713 | $15,298,215 | -$7,659,502 | $304,923,310 | $0 | $304,923,310 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $5,788,331
- Net gain from sales of assets
- $13,802,693
Expenses
- Grants and similar amounts paid
- $12,848,250
- Compensation of officers, directors and key employees
- $440,595
- Salaries, compensation and benefits (total)
- $1,156,982
- Disbursements for charitable purposes
- $16,194,686
- Excise tax on investment income
- $260,055
Balance sheet and other
- Total assets, start of year
- $304,923,310
- Total assets, end of year
- $334,731,480
- Total liabilities, end of year
- $0
- Net assets, end of year
- $334,731,480
- Fair market value of assets
- $334,731,480
- Qualifying distributions
- $16,194,686
- Net investment income
- $19,888,447
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CRAIG L DRINKARD 550 BROAD ST SUITE 1402, NEWARK, NJ 07102 | EXECUTIVE OFFICER & ASST. SECRETARY | 50 | $440,595 | $86,397 |
| SHARNITA JOHNSON 550 BROAD ST SUITE 1402, NEWARK, NJ 07102 | VP OF STRATEGY, IMPA Highest-paid employee | 40 | $234,000 | $54,989 |
| DIANA KOSTAS 550 BROAD ST SUITE 1402, NEWARK, NJ 07102 | CFO Highest-paid employee | 40 | $230,000 | $41,225 |
| STEPHANIE GREENWOOD 550 BROAD ST SUITE 1402, NEWARK, NJ 07102 | PROGRAM OFFICER Highest-paid employee | 40 | $157,800 | $15,697 |
| BRIANNA SUAREZ 550 BROAD ST SUITE 1402, NEWARK, NJ 07102 | PROGRAM OFFICER Highest-paid employee | 40 | $121,000 | $35,120 |
| ERIN JOHNSTONE 550 BROAD ST SUITE 1402, NEWARK, NJ 07102 | GRANTS MANAGER Highest-paid employee | 40 | $115,000 | $37,788 |
| FRANK ALVAREZ 550 BROAD ST SUITE 1402, NEWARK, NJ 07102 | PRESIDENT | 5 | $0 | $0 |
| MARGARET H PARKER 550 BROAD ST SUITE 1402, NEWARK, NJ 07102 | 1ST VICE PRESIDENT | 2 | $0 | $0 |
| ROBERT CLARK 550 BROAD ST SUITE 1402, NEWARK, NJ 07102 | 2ND VICE PRESIDENT | 2 | $0 | $0 |
| GARY M WINGENS 550 BROAD ST SUITE 1402, NEWARK, NJ 07102 | TREASURER | 2 | $0 | $0 |
| SARAH CHUBB SAUVAYRE 550 BROAD ST SUITE 1402, NEWARK, NJ 07102 | SECRETARY | 2 | $0 | $0 |
| HENRY AMOROSO 550 BROAD ST SUITE 1402, NEWARK, NJ 07102 | TRUSTEE | 2 | $0 | $0 |
| ANA BAPTISTA 550 BROAD ST SUITE 1402, NEWARK, NJ 07102 | TRUSTEE | 2 | $0 | $0 |
| AMINA BEY 550 BROAD ST SUITE 1402, NEWARK, NJ 07102 | TRUSTEE | 2 | $0 | $0 |
| SALLY CHUBB 550 BROAD ST SUITE 1402, NEWARK, NJ 07102 | TRUSTEE (THRU 01/29/2024) | 2 | $0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT HOLMES ESQ 550 BROAD ST SUITE 1402, NEWARK, NJ 07102 | TRUSTEE (THRU 06/18/2024) | 2 | $0 |
| FRANKLIN E PARKER IV 550 BROAD ST SUITE 1402, NEWARK, NJ 07102 | TRUSTEE | 2 | $0 |
| JOHN F PARKER 550 BROAD ST SUITE 1402, NEWARK, NJ 07102 | TRUSTEE | 2 | $0 |
| SARA PENA 550 BROAD ST SUITE 1402, NEWARK, NJ 07102 | TRUSTEE | 2 | $0 |
| DENISE RODGERS 550 BROAD ST SUITE 1402, NEWARK, NJ 07102 | TRUSTEE | 2 | $0 |
| BEI SAVILLE 550 BROAD ST SUITE 1402, NEWARK, NJ 07102 | TRUSTEE | 2 | $0 |
| AQEELA SHERRILLS 550 BROAD ST SUITE 1402, NEWARK, NJ 07102 | TRUSTEE | 2 | $0 |
| DE'SHAWN WRIGHT 550 BROAD ST SUITE 1402, NEWARK, NJ 07102 | TRUSTEE (FROM 6/18/2024) | 2 | $0 |
990-PF for the year ended December 31, 2023: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CRAIG L DRINKARD 550 BROAD ST SUITE 1402, NEWARK, NJ 07102 | EXECUTIVE OFFICER & ASST. SECRETARY | 50 | $395,400 | $73,255 |
| SHARNITA JOHNSON 550 BROAD ST SUITE 1402, NEWARK, NJ 07102 | VP OF STRATEGY, IMPA Highest-paid employee | 40 | $217,000 | $49,290 |
| STEPHANIE GREENWOOD 550 BROAD ST SUITE 1402, NEWARK, NJ 07102 | PROGRAM OFFICER Highest-paid employee | 40 | $145,809 | $32,083 |
| BRIANNA SUAREZ 550 BROAD ST SUITE 1402, NEWARK, NJ 07102 | PROGRAM OFFICER Highest-paid employee | 40 | $116,000 | $35,157 |
| JOSEPH MATARA 550 BROAD ST SUITE 1402, NEWARK, NJ 07102 | CHIEF FINANCIAL OFFI Highest-paid employee | 40 | $109,274 | $55,176 |
| ERIN JOHNSTONE 550 BROAD ST SUITE 1402, NEWARK, NJ 07102 | GRANTS MANAGER Highest-paid employee | 40 | $108,546 | $35,230 |
| FRANK ALVAREZ 550 BROAD ST SUITE 1402, NEWARK, NJ 07102 | PRESIDENT | 5 | $0 | $0 |
| MARGARET H PARKER 550 BROAD ST SUITE 1402, NEWARK, NJ 07102 | 1ST VICE PRESIDENT | 2 | $0 | $0 |
| ROBERT CLARK 550 BROAD ST SUITE 1402, NEWARK, NJ 07102 | 2ND VICE PRESIDENT | 2 | $0 | $0 |
| GARY M WINGENS 550 BROAD ST SUITE 1402, NEWARK, NJ 07102 | TREASURER | 2 | $0 | $0 |
| SARAH CHUBB SAUVAYRE 550 BROAD ST SUITE 1402, NEWARK, NJ 07102 | SECRETARY | 2 | $0 | $0 |
| HENRY AMOROSO 550 BROAD ST SUITE 1402, NEWARK, NJ 07102 | TRUSTEE | 2 | $0 | $0 |
| ANA BAPTISTA 550 BROAD ST SUITE 1402, NEWARK, NJ 07102 | TRUSTEE | 2 | $0 | $0 |
| AMINA BEY 550 BROAD ST SUITE 1402, NEWARK, NJ 07102 | TRUSTEE | 2 | $0 | $0 |
| SALLY CHUBB 550 BROAD ST SUITE 1402, NEWARK, NJ 07102 | TRUSTEE | 2 | $0 | $0 |
| ROBERT HOLMES ESQ 550 BROAD ST SUITE 1402, NEWARK, NJ 07102 | TRUSTEE | 2 | $0 | $0 |
| FRANKLIN E PARKER IV 550 BROAD ST SUITE 1402, NEWARK, NJ 07102 | TRUSTEE | 2 | $0 | $0 |
| JOHN F PARKER 550 BROAD ST SUITE 1402, NEWARK, NJ 07102 | TRUSTEE | 2 | $0 | $0 |
| SARA PENA 550 BROAD ST SUITE 1402, NEWARK, NJ 07102 | TRUSTEE - AS OF 6/14/23 | 2 | $0 | $0 |
| DENISE RODGERS 550 BROAD ST SUITE 1402, NEWARK, NJ 07102 | TRUSTEE | 2 | $0 | $0 |
| BEI SAVILLE 550 BROAD ST SUITE 1402, NEWARK, NJ 07102 | TRUSTEE | 2 | $0 | $0 |
| AQEELA SHERRILLS 550 BROAD ST SUITE 1402, NEWARK, NJ 07102 | TRUSTEE | 2 | $0 | $0 |
| GRIZEL UBARRY 550 BROAD ST SUITE 1402, NEWARK, NJ 07102 | TRUSTEE - THROUGH 6/14/23 | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 550 BROAD ST STE 1402, NEWARK, NJ 07102-4531
- Signed the 990-PF
- CRAIG L DRINKARD, CHIEF FINANCIAL OFFICER
- Phone
- (973) 792-9200
- Website
- WWW.VICTORIAFOUNDATION.ORG
- Return prepared by
- PKF O'CONNOR DAVIES ADVISORY LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 22-1554541
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1936
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $334,731,480
- Income (IRS master file)
- $81,921,224
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $19,591,024 | $17,196,484 | $334,731,480 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $7,638,713 | $15,298,215 | $304,923,310 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-1554541).
Questions about VICTORIA FOUNDATION INC
- What is the EIN of VICTORIA FOUNDATION INC?
- The employer identification number (EIN) of VICTORIA FOUNDATION INC is 22-1554541.
- Is VICTORIA FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1936.
- Are donations to VICTORIA FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does VICTORIA FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of VICTORIA FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VICTORIA FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of VICTORIA FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 23 people; 6 received compensation from the organization, the highest $440,595 (CRAIG L DRINKARD, EXECUTIVE OFFICER & ASST. SECRETARY).
- How much revenue does VICTORIA FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $19,591,024, expenses of $17,196,484 and total assets of $334,731,480 at year end.
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