The Vardaman Family Foundation
- Assets
- $438.9k
- Revenue
- $23.8k
- Investments
- $438.9k
- Employees
- 0
- Location
- Washington, DC
- Founding
- 12/2000
- Data as of
- 12/2022
- EIN
- 31-1740631
Organization Overview
The Vardaman Family Foundation is located in Washington, DC. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Vardaman Family 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 12/2022, Vardaman Family Foundation generated $23.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $32.5k during the year ending 12/2022. While expenses have increased by 2.3% per year over the past 8 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION GRANTS SCHOLARSHIPS TO UNDERPRIVILEGED INDIVIDUALS, REGARDLESS OF NATIONALITY, RELIGION, RACE, OR CREED.
THE FOUNDATION CONTRIBUTES TO PUBLICLY SUPPORTED CHARITIES QUALIFIED UNDER IRC SECTION 501(C)(3)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
H Davis Vardaman Director | 1 | $0 | |
John W Vardaman III Director | 7 | $0 | |
Thomas E Kane Director | 1 | $0 | |
Shannon Vardaman Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $13,892 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,956 |
| Capital Gain Net Income | $9,956 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $23,848 |
| 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 | $0 |
| Contributions, gifts, grants paid | $32,500 |
| Total expenses and disbursements | $32,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $438,910 |
| 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 Vardaman Family Foundation has awarded $32,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHARITABLE CONTRIBUTIONS - VARIOUS CHARITIES PURPOSE: CONTRIBUTION | $20,000 |
SCHOLARSHIP GRANTED - VARIOUS UNIVERSITIES PURPOSE: SCHOLARSHIPS | $12,500 |