Verstappen Family Foundation
- Assets
- $3.3m
- Revenue
- $333.3k
- Investments
- $3.3m
- Employees
- 0
- Location
- Koloa, HI
- Founding
- 02/2010
- Data as of
- 12/2021
- EIN
- 26-1407131
The information for Verstappen Family Foundation is as of the organization's most recent filing in December 2019. This organization is located in Koloa, HI and began operations in 2010, making it nine years in existence.
Organization Classification
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Verstappen Family Foundation's NTEE code is T20. The "T" tells us that the organization is classified along with Philanthropy, Voluntarism & Grantmaking Foundations. The "20" tells us that the organization is a Private Grantmaking Foundation. The NTEE describes Private Grantmaking Foundations as nongovernmental, nonprofit organizations with funds and programs managed by trustees or directors established to maintain charitable activities serving the common welfare, primarily through grantmaking. Every organization is also governed by a specific section of the Internal Revenue Code. This organization happens to be a 501(c)(3) organization. The IRS describes these organizations as those engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.
Grant History
Our dataset has four years of grant history for the Verstappen Family Foundation. In those years, they have awarded a total of 39 grants, with an average check size of $19,017. The organization has awarded grants in the Civil Rights, Social Action & Advocacy sector (5), Crime & Legal-Related sector (3), and Human Services sector (2). Additionally, the organization most frequently awards grants in the state of Louisiana (5), Georgia (4), and Ohio (3). Other states receiving grants include California (8), Nevada (8), Hawaii (5), Texas (1), New York (2), Washington (1), Florida (1), and Wisconsin (1).
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $161,730 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $171,530 |
| Capital Gain Net Income | $171,530 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $333,260 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,403 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,917 |
| Total operating and administrative expenses | $15,320 |
| Contributions, gifts, grants paid | $204,020 |
| Total expenses and disbursements | $219,340 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,976 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $56 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,299,309 |
| 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, Verstappen Family Foundation has awarded $204,020 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Honolulu, HI PURPOSE: ENABLE ALL YOUNG PEOPLE, ESPECIALLY THOSE WHO NEED US MOST, TO REACH THEIR FULL POTENTIAL AS PRODUCTIVE, CARING, RESPONSIBLE CITIZENS. | $62,000 |
SECULAR STUDENT ALLIANCE PURPOSE: EDUCATION | $50,000 |
CLUB AT KUKUIULA COMMUNITY BENEFIT FUND PURPOSE: TO PROVIDE COMMUNITY-WIDE PROGRAMS BENEFITING KAUA`I RESIDENTS | $50,000 |
Lihue, HI PURPOSE: TO PROVIDE AN ENVIRONMENT WHERE A JUNIOR GOLFER, MALE OR FEMALE AGES 7-18, CAN ENJOY GOLF AND PROGRESS AT HIS OR HER OWN RATE FROM BEGINNER TO A PROFICIENT LEVEL WHILE PROMOTING AND PRESERVING THE TRADITIONS AND INTEGRITY OF THE GAME. | $20,000 |
TAHOE FUND PURPOSE: OUTDOOR RECREATION, BIKE TRAILS, LAKE CLARITY, CONSERVATION AND STEWARDSHIP IN LAKE TAHOE | $12,000 |
New Orleans, LA PURPOSE: TO HELPED UNDERSERVED YOUNG PEOPLE THROUGH COMMUNITY-BASED EDUCATION, MENTORING, EMPLOYMENT READINESS AND PROGRAMS. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shimon Ben Joseph Foundation San Francisco, CA | $1,592,283,787 | $39,921,005 |
Alfred C Munger Foundation Los Angeles, CA | $17,737,694 | $91,163,030 |
Hellman Foundation San Francisco, CA | $693,471,633 | $133,789,010 |
The Eric And Wendy Schmidt Fund For Strategic Innovation Palo Alto, CA | $1,715,568,763 | $412,161,407 |
Omidyar Network Fund Inc Redwood City, CA | $490,038,780 | $21,031,743 |
Sobrato Family Foundation Mountain View, CA | $811,956,453 | $266,068,436 |
Benificus Foundation San Carlos, CA | $13,481,294 | $1,960,393 |
H&h Evergreen Foundation Menlo Park, CA | $393,647,714 | $39,435,652 |
The Energy Foundation San Francisco, CA | $108,278,429 | $83,158,939 |
Stupski Foundation San Francisco, CA | $0 | $134,835,311 |
Wayne & Gladys Valley Charitable Foundation Oakland, CA | $270,742,115 | $3,705,667 |
The Marisla Foundation Laguna Beach, CA | $26,534,095 | $36,043,209 |