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Victor Salvi Foundation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$175k (2024)

Expenses
$176k (2024)

Total Assets
$3.85k (2024)

Total Liabilities
$76k (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$175,095
Expenses
$176,453
Net Income
-$1,358
Net Assets
-$72,132
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $22,525
12.9%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $152,570
87.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $0
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,850
Total Liabilities $75,982
Net Assets -$72,132
Compensation
Key Employees and Officers Compensation Other
Julia Teresa Torres Forero (President) $0 $0
Edward G Ludwig (Treasurer) $0 $0
Jonathan A Ludwig (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$414,269
Expenses
$438,433
Net Income
-$24,164
Net Assets
-$70,774
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $251,849
60.8%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $162,420
39.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $0
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,207
Total Liabilities $75,981
Net Assets -$70,774
Compensation
Key Employees and Officers Compensation Other
Julia Teresa Torres Forero (President) $3 $0
Edward G Ludwig (Treasurer) $2 $0
Jonathan A Ludwig (Director) $1 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$344,880
Expenses
$283,870
Net Income
$61,010
Net Assets
-$46,610
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $281,640
81.7%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $63,240
18.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $0
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $29,371
Total Liabilities $75,981
Net Assets -$46,610
Compensation
Key Employees and Officers Compensation Other
Julia Teresa Torres Forero (President) $3 $0
Edward G Ludwig (Treasurer) $2 $0
Jonathan A Ludwig (Director) $1 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$188,239
Expenses
$178,862
Net Income
$9,377
Net Assets
-$107,620
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $165,939
88.2%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $22,300
11.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $0
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $47,361
Total Liabilities $154,981
Net Assets -$107,620
Compensation
Key Employees and Officers Compensation Other
Julia Teresa Torres Forero (President) $0 $0
Edward G Ludwig (Treasurer) $0 $0
Jonathan A Ludwig (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$342,592
Expenses
$322,081
Net Income
$20,511
Net Assets
-$116,997
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $287,666
84.0%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $54,926
16.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $0
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $37,984
Total Liabilities $154,981
Net Assets -$116,997
Compensation
Key Employees and Officers Compensation Other
Julia Teresa Torres Forero (President) $0 $0
Edward G Ludwig (Treasurer) $0 $0
Jonathan A Ludwig (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$677,809
Expenses
$840,159
Net Income
-$162,350
Net Assets
-$137,508
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $380,301
56.1%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $297,508
43.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $826,334
98.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $12,472
Total Liabilities $149,980
Net Assets -$137,508
Compensation
Key Employees and Officers Compensation Other
Julia Teresa Torres Forero (President) $0 $0
Edward G Ludwig (Treasurer) $0 $0
Carolyn Clarke (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$629,889
Expenses
$718,380
Net Income
-$88,491
Net Assets
$24,842
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $469,284
74.5%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $160,605
25.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $718,380
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $24,842
Total Liabilities $0
Net Assets $24,842
Compensation
Key Employees and Officers Compensation Other
Julia Teresa Torres Forero (President) $0 $0
Edward G Ludwig (Treasurer) $0 $0
Carolyn Clarke (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$466,444
Expenses
$455,645
Net Income
$10,799
Net Assets
$113,333
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $309,397
66.3%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $157,047
33.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $455,645
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $113,333
Total Liabilities $0
Net Assets $113,333
Compensation
Key Employees and Officers Compensation Other
Julia Teresa Torres Forero (President) $0 $0
Edward G Ludwig (Treasurer) $0 $0
Carolyn Clarke (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$534,013
Expenses
$563,564
Net Income
-$29,551
Net Assets
$102,534
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $392,493
73.5%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $141,520
26.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $563,564
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $102,534
Total Liabilities $0
Net Assets $102,534
Compensation
Key Employees and Officers Compensation Other
Julia Teresa Torres Forero (President) $0 $0
Edward G Ludwig (Treasurer) $0 $0
Carolyn Clarke (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$580,580
Expenses
$509,328
Net Income
$71,252
Net Assets
$132,085
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $384,628
66.2%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $195,952
33.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $509,328
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $132,085
Total Liabilities $0
Net Assets $132,085
Compensation
Key Employees and Officers Compensation Other
Julia Teresa Torres Forero (President) $0 $0
Edward G Ludwig Jr (Treasurer) $0 $0
Carolyn Clarke (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$545,457
Expenses
$477,863
Net Income
$67,594
Net Assets
$60,833
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $388,017
71.1%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $157,440
28.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $477,863
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $60,833
Total Liabilities $0
Net Assets $60,833

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$359,741
Expenses
$380,199
Net Income
-$20,458
Net Assets
-$6,761
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $296,208
82.3%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $63,533
17.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $380,199
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $13,239
Total Liabilities $20,000
Net Assets -$6,761

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$487,674
Expenses
$509,389
Net Income
-$21,715
Net Assets
$53,697
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $396,499
81.3%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $91,175
18.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $509,389
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $53,697
Total Liabilities $0
Net Assets $53,697

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$837,902
Expenses
$805,670
Net Income
$32,232
Net Assets
$75,412
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $697,449
83.2%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $140,453
16.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $805,670
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $75,412
Total Liabilities $0
Net Assets $75,412

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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