The Vervane Foundation Inc
- Assets
- $10.0m
- Revenue
- $207.1k
- Investments
- $6.9m
- Employees
- 0
- Location
- Cos Cob, CT
- Founding
- 10/1993
- Data as of
- 12/2022
- EIN
- 22-3256829
Organization Overview
The Vervane Foundation Inc is located in Cos Cob, CT. The organization was established in 1993. 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. Vervane 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, Vervane Foundation Inc generated $207.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (20.8%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Vervane Foundation Inc has awarded 87 individual grants totaling $5,011,658. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josephine A Merck President | 2 | $0 | |
Oona M Coy Treasurer | 1 | $5,000 | |
Suzette Dewey Secretary | 1 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $167,349 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $39,707 |
| Capital Gain Net Income | $39,707 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $207,056 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $27,913 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $141 |
| Printing and publications | $0 |
| Other expenses | $8,877 |
| Total operating and administrative expenses | $123,983 |
| Contributions, gifts, grants paid | $1,172,094 |
| Total expenses and disbursements | $1,296,077 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,149,348 |
| Net Accounts receivable | $1,066 |
| 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 | $1,621,747 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,025,255 |
| 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, The Vervane Foundation Inc has awarded $1,172,094 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
COMMON COUNSEL FOUNDATION PURPOSE: CHARITABLE DONATION | $110,000 |
ENVIRONMENTAL GRANTMAKERS ASSOCIATION PURPOSE: CHARITABLE CONTRIBUTION | $31,299 |
IMPACT ASSETS DONOR ADVISED FUND PURPOSE: CHARITABLE DONATION | $300,000 |
GRIST MAGAZINE INC PURPOSE: CHARITABLE DONATION | $120,000 |
LAND TRUST ALLIANCE PURPOSE: CHARITABLE DONATION | $500,000 |
TIYOSPAYE WINYAN MAKA PURPOSE: CHARITABLE DONATION | $10,000 |