Vernekoff Foundation Inc
- Assets
- $1.4m
- Revenue
- $284.9k
- Investments
- $1.3m
- Employees
- 0
- Location
- Highland Beach, FL
- Founding
- 04/2009
- Data as of
- 12/2022
- EIN
- 20-4614675
Organization Overview
Vernekoff Foundation Inc is located in Highland Beach, FL. The organization was established in 2009. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Vernekoff 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, Vernekoff Foundation Inc generated $284.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 45.6% each year . All expenses for the organization totaled $7.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lewis Vernekoff President, Treasurer | 1 | $0 | |
Sherrie Vernekoff Vice President, Secretary | 1 | $0 | |
Bret Vernekoff Director | 1 | $0 | |
Jill Gordon Director | 1 | $0 | |
Tami Fitzkoff Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,883 |
| Dividends & Interest | $33,064 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $245,908 |
| Capital Gain Net Income | $245,908 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $284,855 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $7,910 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $7,910 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $65,300 |
| Net Accounts receivable | $0 |
| 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 | $1,308,073 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,373,373 |
| 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, Vernekoff Foundation Inc has awarded $7,250 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MONELL CHEMICAL SENSES CENTER PURPOSE: TO SUPPORT THE ORGANIZATION'S MONELL ANOSMIA PROJECT; WHICH IS TO FIND CAUSES AND TREATMENTS FOR SMELL LOSS. | $3,000 |
OKIZU SUPPORTING FAMILIES WITH CHILDHOOD CANCER PURPOSE: TO SUPPORT THE ORGANIZATION'S OKIZU'S VITAL SUPPORT AND HEALING TO KIDS; WHICH IS TO FIND CAUSES AND TREATMENTS FOR KIDS AND FAMILIES AFFECTED BY CHILDHOOD. | $4,250 |