Verena Foundation
- Assets
- $2.2m
- Revenue
- $19.1k
- Investments
- $160.2k
- Employees
- 0
- Location
- Pompano Beach, FL
- Founding
- 01/2006
- Data as of
- 12/2023
- EIN
- 26-0129922
Organization Overview
Verena Foundation is located in Pompano Beach, FL. The organization was established in 2006. 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. Verena Foundation 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 12/2023, Verena Foundation generated $19.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $70.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $19,124 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $26,409 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $583 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $6,574 |
| Printing and publications | $0 |
| Other expenses | $4,429 |
| Total operating and administrative expenses | $57,791 |
| Contributions, gifts, grants paid | $12,515 |
| Total expenses and disbursements | $70,306 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,371 |
| Savings and temporary cash investments | $0 |
| 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 | $1,996,907 |
| Investments—mortgage loans | $0 |
| Investments—other | $160,186 |
| Net Land, buildings, and equipment | $12,268 |
| Other assets | $0 |
| Total assets | $2,172,732 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $109,174 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $109,174 |
Grants Awarded
Over the last fiscal year, Verena Foundation has awarded $1,983 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PAULSON PETERS GHANA PURPOSE: STUDENT FINANCIAL AID | $1,700 |
JILLIAN GORDON PURPOSE: STUDENT FINANCIAL AID | $283 |