Vericon Foundation
- Assets
- $639.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mountainside, NJ
- Founding
- 05/2015
- Data as of
- 12/2021
- EIN
- 47-2818423
Organization Overview
Vericon Foundation is located in Mountainside, NJ. The organization was established in 2015. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vericon 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 2017, Vericon Foundation has awarded 17 individual grants totaling $128,075. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION WAS FORMED TO PROMOTE, WITHOUT LIMITATION, THE RESEARCH AND DEVELOPMENT OF CURES FOR DISEASES AS WELL AS TO ASSIST WITH PROGRAMS THAT ASSIST THE POOR AND SUCH OTHER DISADVANTAGED PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE RESEARCH AND DEVELOPMENT TO FIND CURES FOR VARIOUS DISEASES AS WELL AS TO ASSIST WITH PROGRAMS THAT ASSIST THE POOR AND SUCH OTHER DISADVANTAGED PERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles A Deangelis President And Trustee | 1 | $0 | |
Robert Mikell Trustee | 1 | $0 | |
Justin Hermey Trustee | 1 | $0 | |
Stephen M Mellett Trustee | 1 | $0 | |
Tricia A Vohden Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $0 |
| 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 | $63 |
| Total operating and administrative expenses | $63 |
| Contributions, gifts, grants paid | $11,052 |
| Total expenses and disbursements | $11,115 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $639,631 |
| 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 | $639,631 |
| 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, Vericon Foundation has awarded $11,052 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
METRO YMCA OF THE ORANGES PURPOSE: CHARITABLE PURPOSES | $10,000 |
THE LEUKEMIA & LYMPHOMA SOCIETY PURPOSE: CHARITABLE PURPOSES | $500 |
COMMUNITY FOOD-NJ PURPOSE: CHARITABLE PURPOSES | $450 |
ST JUDE - DELISA TIERNEY PURPOSE: CHARITABLE PURPOSES | $102 |
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|---|---|---|
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Liberty Lutheran Services Ambler, PA | $87,780,400 | $9,720,613 |
Albany County Opportunity Incorporated Albany, NY | $9,044,384 | $9,921,411 |
Community Action Partnership Of Mercer County Sharon, PA | $4,458,318 | $9,067,066 |
Doctors Of The World-Usa Inc New York, NY | $5,138,998 | $8,908,023 |
United Food And Commercial Workers International Union Oriskany, NY | $2,992,541 | $8,981,591 |
Wayne County Action Program Inc Lyons, NY | $3,537,821 | $9,071,492 |
Opportunities For Otsego Inc Oneonta, NY | $3,078,713 | $8,326,679 |
Methodist Services Philadelphia, PA | $6,407,252 | $8,201,860 |
Circle Of Care For Families And Children Of Passaic County Inc Woodland Park, NJ | $3,622,705 | $9,164,906 |
Lifeworks Community Action Inc Ballston Spa, NY | $2,628,001 | $8,482,858 |