Sam Vernice Family Foundation
- Assets
- $267.7k
- Revenue
- $16.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 02/1995
- Data as of
- 12/2023
- EIN
- 72-6135038
Organization Overview
Sam Vernice Family Foundation is located in Chicago, IL. The organization was established in 1995. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Sam Vernice Family 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, Sam Vernice Family Foundation generated $16.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $12.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 7 years. 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
N/A
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $6,283 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,025 |
| Capital Gain Net Income | $10,025 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $16,308 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,377 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $99 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,476 |
| Contributions, gifts, grants paid | $11,328 |
| Total expenses and disbursements | $12,804 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $759 |
| Savings and temporary cash investments | $2,651 |
| 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 | $264,257 |
| Total assets | $267,667 |
| 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, Sam Vernice Family Foundation has awarded $11,328 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ST JUDE CHILDRENS RESEARCH PURPOSE: GENERAL | $1,000 |
LSU HEALTH SCIENCES PURPOSE: GENERAL | $6,128 |
MEMORIAL SLOAN-KETTERING CANCER CTR PURPOSE: GENERAL | $200 |
SOCIETY FOR PROPAGATION PURPOSE: GENERAL | $1,000 |
NORTHSHORE FOOD BANK PURPOSE: GENERAL | $500 |
GREATER BATON ROUGE FOOD BANK INC PURPOSE: GENERAL | $500 |