Yaverland Foundation Inc
- Assets
- $6.4m
- Revenue
- $241.6k
- Investments
- $6.2m
- Employees
- 0
- Location
- Montchanin, DE
- Founding
- 05/2005
- Data as of
- 12/2022
- EIN
- 20-2417830
Organization Overview
Yaverland Foundation Inc is located in Montchanin, DE. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yaverland Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Yaverland Foundation Inc generated $241.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $394.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Yaverland Foundation Inc has awarded 47 individual grants totaling $2,719,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $105,442 |
| Interest on Savings | $6 |
| Dividends & Interest | $133,648 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$11,687 |
| Capital Gain Net Income | $64,946 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14,193 |
| Total Revenue | $241,602 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,092 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,847 |
| Total operating and administrative expenses | $59,174 |
| Contributions, gifts, grants paid | $335,000 |
| Total expenses and disbursements | $394,174 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $139,599 |
| Net Accounts receivable | $3,802 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,215,300 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,358,701 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Yaverland Foundation Inc has awarded $335,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
COLLEGE OF THE ATLANTIC PURPOSE: CHARITABLE | $150,000 |
ISLAND HOUSING TRUST PURPOSE: CHARITABLE | $50,000 |
TOWER HILL SCHOOL PURPOSE: CHARITABLE | $135,000 |