Versado Foundation
- Assets
- $88.9k
- Revenue
- -$11.7k
- Investments
- $59.5k
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 04/2012
- Data as of
- 12/2022
- EIN
- 45-4038801
Organization Overview
Versado Foundation is located in Raleigh, NC. The organization was established in 2012. 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. Versado Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Versado Foundation has awarded 103 individual grants totaling $132,540. 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
VARIOUS EXPENSES ALL DIRECTLY RELATED TO SUPPORTING THE DESIGN AND IMPLEMENTATION OF COMMUNITY AND ECONOMIC DEVELOPMENT PROGRAMS THAT LEVERAGES PRIVATE-PUBLIC PARTNERSHIPS, LOCALIZED CAPACITY BUILDING, AND SUSTAINABLE, EQUITABLE PRACTICES FOR OTHER NON-PROFIT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zachary Barricklow President | 10 | $0 | |
Joshua Barricklow Secretary | 3 | $0 | |
Elizabeth Bronwyn Barricklow Vice President | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $150 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,127 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$13,012 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$11,735 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $132 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,674 |
| Total operating and administrative expenses | $4,556 |
| Contributions, gifts, grants paid | $10,134 |
| Total expenses and disbursements | $14,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,910 |
| Savings and temporary cash investments | $1,439 |
| 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 | $88,894 |
| 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, Versado Foundation has awarded $10,134 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY FREE CLINIC INC PURPOSE: CHARITABLE DONATION | $500 |
CROSS ASSEMBLY PURPOSE: CHARITABLE DONATION | $1,500 |
FOOD BANK OF CENTRAL AND EASTERN NC PURPOSE: CHARITABLE DONATION | $420 |
FRED OLDS PTA PURPOSE: CHARITABLE DONATION | $1,000 |
SOUTH RIVER PTC PURPOSE: CHARITABLE DONATION | $1,500 |
WESTSIDE BABY PURPOSE: CHARITABLE DONATION | $500 |