THE VILLAGE FOUNDATION INC

EIN: 060662199 501(c)(3)

BONITA SPRINGS, FL

Total Revenue
$1,722,371
Total Expenses
$1,077,278
Total Assets
$8,718,719
Net Assets
$7,711,219
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
CT
Principal Officer
KEVIN HART
Phone
2036712661
Tax Period
2024-07-01 to 2025-06-30

THE VILLAGE FOUNDATION INC, founded in 1984, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 345% from the prior year, signaling strong growth momentum. The organization ran a surplus of $645K, a strong 37% operating margin.

Mission

THE MISSION OF THE VILLAGE FOUNDATION, AS STATED IN ITS CERTIFICATE OF INCORPORATION, IS TO BENEFIT AND UPHOLD, PROMOTE AND FURTHER THE WELFARE, PROGRAMS AND ACTIVITIES OF BGV, TO ACQUIRE, IMPROVE, HOLD AND LEASE TO BGV ANY REAL OR PERSONAL PROPERTY USEFUL TO THE ACCOMPLISHMENT OF THE PURPOSES OF THE VILLAGE FOUNDATION OR BGV AND TO RECEIVE AND ACCEPT PUBLIC AND PRIVATE GIFTS, TRUSTS, DONATIONS, GRANTS AND LOANS TO PROMOTE THE PURPOSES OF THE VILLAGE FOUNDATION OR BGV. IN ADDITION, THE CERTIFICATE OF INCORPORATION OF THE VILLAGE FOUNDATION REQUIRES THAT, AT ALL TIMES, AT LEAST ONE MEMBER OF THE BOARD OF DIRECTORS OF THE VILLAGE FOUNDATION MUST ALSO BE ON THE BOARD OF DIRECTORS OF BGV.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $1,722,371
Other Revenue $0
TOTAL REVENUE $1,722,371

Expense Breakdown

Grants Paid $1,000,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,000,000
Other Expenses $77,278
TOTAL EXPENSES $1,077,278

Year-over-Year Comparison

2024 2023 Change
Revenue $1,722,371 $386,681 +3.5%
Expenses $1,077,278 $676,734 +0.6%
Net Income $645,093 $-290,053 -3.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
5
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN HART PRESIDENT 2.00
Officer Director
$0 $0 $0
DAVID MARRO VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
DAN CUSACK TREASURER 1.50
Officer Director
$0 $0 $0
KAREN MONTEITH-FLYNN SECRETARY 0.50
Officer Director
$0 $0 $0
RAY PANTALENA DIRECTOR 0.50
Director
$0 $0 $0
GINA HART DIRECTOR 0.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,722,371 $1,077,278 $8,718,719 $645,093
2024 $386,681 $676,734 $7,593,633 $-290,053
2023 $139,506 $542,449 $6,823,772 $-402,943
2022 $1,121,276 $676,213 $7,210,374 $445,063
2021 $350,124 $467,241 $7,769,044 $-117,117
2020 $3,472 $335,955 $6,120,892 $-332,483
2019 $217,678 $307,183 $6,119,030 $-89,505
2018 $210,713 $481,766 $6,077,758 $-271,053
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