The Verdoorn Foundation
- Assets
- $3.4m
- Revenue
- $74.6k
- Investments
- $1.1m
- Employees
- 0
- Location
- Greenwood Village, CO
- Founding
- 12/2001
- Data as of
- 06/2024
- EIN
- 84-1568378
Organization Overview
The Verdoorn Foundation is located in Greenwood Village, CO. The organization was established in 2001. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Verdoorn 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 06/2024, Verdoorn Foundation generated $74.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $198.5k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Verdoorn Foundation has awarded 56 individual grants totaling $1,369,284. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel C Verdoorn President Director | 1 | $0 | |
Denise M Overhardt Secretary, Treasurer Director | 1 | $0 | |
Carla A Verdoorn Vice President Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,533 |
| Dividends & Interest | $33,106 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $34,978 |
| Capital Gain Net Income | $34,978 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $74,617 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,745 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $24,491 |
| Contributions, gifts, grants paid | $174,000 |
| Total expenses and disbursements | $198,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,460 |
| Savings and temporary cash investments | $27,762 |
| 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 | $2,266,264 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,417,471 |
| 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, The Verdoorn Foundation has awarded $174,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CAMELOT THERAPEUTIC HORSEMANSHIP PURPOSE: CHILDRENS PROGRAMS | $16,000 |
MORNINGSIDE COLLEGE PURPOSE: ATHLETIC PROGRAM | $50,000 |
SUNRISE HORSE RESCUE PURPOSE: ANIMAL RESCUE PROGRAM | $16,000 |
HOME AID COLORADO PURPOSE: FEMALE VETERANS PROJECT | $16,000 |
PHOENIX CHILDRENS HOSPITAL PURPOSE: CHILDRENS ICU | $26,000 |
FOLDS OF HONOR PURPOSE: SOLDIERS CHILDREN SPOUSES | $25,000 |