Ver-Nel Charitable Foundation
- Assets
- $507.0k
- Revenue
- $45.9k
- Investments
- $484.4k
- Employees
- 0
- Location
- Selma, AL
- Founding
- 12/1998
- Data as of
- 12/2021
- EIN
- 63-1203030
Organization Overview
Ver-Nel Charitable Foundation is located in Selma, AL. The organization was established in 1998. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Ver-Nel Charitable 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 12/2021, Ver-Nel Charitable Foundation generated $45.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (35.3%) each year. All expenses for the organization totaled $37.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Ver-Nel Charitable Foundation has awarded 45 individual grants totaling $140,557. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Campbell Director | 0 | $0 | |
Yvonne W Lee Director | 0 | $0 | |
Mary Jo Warren Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $14,062 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $31,884 |
| Capital Gain Net Income | $31,884 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $45,946 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $153 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,953 |
| Contributions, gifts, grants paid | $27,936 |
| Total expenses and disbursements | $37,889 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,457 |
| Savings and temporary cash investments | $19,117 |
| 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 | $50,934 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $507,011 |
| 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, Ver-Nel Charitable Foundation has awarded $27,936 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
TUSKEGEE UNIVERSITY PURPOSE: EDUCATIONAL SCHOLARSHIP | $6,000 |
UNIVERSITY OF THE DISTRICT OF COLUMBIA PURPOSE: EDUCATIONAL SCHOLARSHIP | $5,000 |
THE UNIVERSITY OF ALABAMA PURPOSE: EDUCATIONAL SCHOLARSHIP | $3,500 |
COLUMBUS STATE UNIVERSITY PURPOSE: EDUCATIONAL SCHOLARSHIP | $3,000 |
Nashville, TN PURPOSE: EDUCATIONAL SCHOLARSHIP | $3,000 |
KENNESAW STATE UNIVERSITY PURPOSE: EDUCATIONAL SCHOLARSHIP | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joe C Davis Foundation Nashville, TN | $101,782,891 | $6,182,733 |
Fraser-Parker Foundation Atlanta, GA | $226,420,772 | $14,099,479 |
Paces Foundation Inc Smyrna, GA | $85,397,872 | $9,603,919 |
Ds Foundation Miami, FL | $183,651,055 | $1,385,395 |
The Ma-Ran Foundation Atlanta, GA | $81,838,064 | $4,938,726 |
Day Foundation Memphis, TN | $0 | $13,711,953 |
Clayton Family Foundation Knoxville, TN | $90,913,195 | $17,391,150 |
G Harbaugh Foundation Franklin, TN | $61,708,468 | $12,393,056 |
Altec-Styslinger Foundation Inc Birmingham, AL | $128,305,509 | $25,360,360 |
Elizabeth Morse Genius Foundation Winter Park, FL | $145,557,522 | $11,233,005 |
Daniel Foundation Of Alabama Birmingham, AL | $125,925,900 | $11,135,386 |
Lyndhurst Foundation Inc Chattanooga, TN | $133,731,560 | $17,356,041 |