James P Verhalen Family Foundation Inc
- Assets
- $0.0
- Revenue
- $472.8k
- Investments
- $4.4m
- Employees
- 0
- Location
- Stonington, CT
- Founding
- 02/2000
- Data as of
- 12/2021
- EIN
- 22-3694939
Organization Overview
James P Verhalen Family Foundation Inc is located in Stonington, CT. The organization was established in 2000. 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. James P Verhalen Family 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 12/2021, James P Verhalen Family Foundation Inc generated $472.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $431.4k during the year ending 12/2021. While expenses have increased by 3.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, James P Verhalen Family Foundation Inc has awarded 177 individual grants totaling $2,088,700. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joyce Pandolfi President | 2 | $0 | |
Philip William Verhalen Secretary And Treasurer | 2 | $0 | |
Ann Scocco Trustee | 2 | $0 | |
Susan Dyer Trustee | 2 | $0 | |
James P Verhalen Jr Trustee | 2 | $0 | |
Andrew Verhalen Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $116,357 |
| Profit on Inventory Sales | $0 |
| Other Income | $131,350 |
| Total Revenue | $472,814 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $91,882 |
| Contributions, gifts, grants paid | $339,500 |
| Total expenses and disbursements | $431,382 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,027,885 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, James P Verhalen Family Foundation Inc has awarded $314,000 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
FLEMINGTON AREA FOOD PANTRY PURPOSE: CHARITABLE | $1,000 |
JERSEY SHORE ANIMAL CENTER PURPOSE: CHARITABLE | $1,000 |
HANDS ACROSS MATTHEWS PURPOSE: CHARITABLE | $12,000 |
MATTHEWS RESCUE SQUAD PURPOSE: CHARITABLE | $5,000 |
CARING FOR CAMBODIA PURPOSE: CHARITABLE | $14,500 |
DURHAM MUSEUM PURPOSE: CHARITABLE | $25,000 |