Vernon Fam Foundation Tr
- Assets
- $3.1m
- Revenue
- $142.0k
- Investments
- $2.7m
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 05/2016
- Data as of
- 12/2022
- EIN
- 36-7666082
Organization Overview
Vernon Fam Foundation Tr is located in San Francisco, CA. The organization was established in 2016. 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. Vernon Fam Foundation Tr 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, Vernon Fam Foundation Tr generated $142.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (31.3%) each year.
Since 2016, Vernon Fam Foundation Tr has awarded 66 individual grants totaling $1,585,715. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PHILADELPHIA YOUTH ORGANIZATION
MARU-A-PULA SCHOOL
THE FUND FOR THE SCHOOL DISTRICT OF PHILADELPHIA
PHILADELPHIA FUTURES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter F Vernon Trustee | 0 | $0 | |
William A V Mcrae Trustee | 0 | $0 | |
Timothy R Vernon Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,414 |
| Dividends & Interest | $61,810 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $76,779 |
| Capital Gain Net Income | $76,779 |
| Net ST Capital Gain | $11,408 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $142,003 |
| 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 | $33,020 |
| Total operating and administrative expenses | $35,890 |
| Contributions, gifts, grants paid | $260,010 |
| Total expenses and disbursements | $295,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $310,901 |
| Savings and temporary cash investments | $98,871 |
| 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 | $3,115,673 |
| 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, Vernon Fam Foundation Tr has awarded $260,010 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
DONORS CHOOSE PURPOSE: GENERAL USE | $20,000 |
MATTIE N DIXON COMMUNITY CUPBOARD PURPOSE: GENERAL USE | $10,000 |
NATIONALITIES SERVICE CENTER PURPOSE: GENERAL USE | $20,000 |
PHILADELPHIA FUTURES PURPOSE: GENERAL USE | $25,000 |
PHILADELPHIA YOUTH ORGANIZATION PURPOSE: GENERAL USE | $100,000 |
THE FUND FOR THE SCHOOL DISTRICT OF PHILADELPHIA PURPOSE: GENERAL USE | $35,010 |