Kurt Vernooy Foundation
- Assets
- $104.3k
- Revenue
- $7.5k
- Investments
- $101.1k
- Employees
- 0
- Location
- Pella, IA
- Founding
- 02/1999
- Data as of
- 12/2023
- EIN
- 42-1480951
Organization Overview
Kurt Vernooy Foundation is located in Pella, IA. The organization was established in 1999. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kurt Vernooy 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, Kurt Vernooy Foundation generated $7.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $7.0k during the year ending 12/2023. While expenses have increased by 4.9% per year over the past 5 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Terpstra Director | 1 | $0 | |
Laurie Terpstra Director | 1 | $0 | |
Greg Fopma Director | 1 | $0 | |
Melanie Fopma Director | 1 | $0 | |
Greg Vermeer Director | 1 | $0 | |
Sandy Vermeer Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,150 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,863 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,520 |
| Capital Gain Net Income | $4,520 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,533 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $74 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13 |
| Total operating and administrative expenses | $257 |
| Contributions, gifts, grants paid | $6,710 |
| Total expenses and disbursements | $6,967 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,248 |
| 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 | $104,340 |
| 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, Kurt Vernooy Foundation has awarded $6,710 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
TAYLOR UNIVERSITY PURPOSE: SCHOLARSHIP | $500 |
DORDT UNIVERSITY PURPOSE: SCHOLARSHIP | $500 |
DORDT UNIVERSITY PURPOSE: SCHOLARSHIP | $2,500 |
PELLA CHRISTIAN GRADE SCHOOL PURPOSE: ANNUAL FINANCIAL DRIVE | $500 |
PELLA CHRISTIAN HIGH SCHOOL PURPOSE: ANNUAL FINANCIAL DRIVE | $500 |
THE TABLE PURPOSE: DONATION | $355 |