The Verdoorn Foundation
- Assets
- $3.7m
- Revenue
- $137.5k
- Investments
- $1.4m
- Employees
- 0
- Location
- Lone Tree, CO
- Founding
- 12/2001
- Data as of
- 06/2022
- EIN
- 84-1568378
Organization Overview
The Verdoorn Foundation is located in Lone Tree, 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 06/2022, Verdoorn Foundation generated $137.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $271.9k during the year ending 06/2022. While expenses have increased by 4.7% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Verdoorn Foundation has awarded 41 individual grants totaling $995,284. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise M Overhardt Secretary, Treasurer Director | 1 | $0 | |
Daniel C Verdoorn President 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 | $10,801 |
| Dividends & Interest | $40,107 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $55,239 |
| Capital Gain Net Income | $55,239 |
| Net ST Capital Gain | $1,611 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $31,379 |
| Total Revenue | $137,526 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,896 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $372 |
| Total operating and administrative expenses | $51,905 |
| Contributions, gifts, grants paid | $220,000 |
| Total expenses and disbursements | $271,905 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,432 |
| Savings and temporary cash investments | $69,614 |
| 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 | $3,736,761 |
| 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 $220,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
MORNINGSIDE COLLEGE PURPOSE: STUDENT PROGRAMS | $50,000 |
Phoenix, AZ PURPOSE: CHILDRENS ICU | $30,000 |
CAREFREE CHURCH PURPOSE: FAMILIES IN NEED | $30,000 |
FOLDS OF HONOR FOUNDATION PURPOSE: CHILDREN SPOUSES OF SOLDIERS | $25,000 |
TUNNEL TO TOWERS FOUNDATION PURPOSE: FAMILIES OF FALLEN VETERANS | $25,000 |
HOME AID COLORADO PURPOSE: FEMALE VETERANS PROJECT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charter Fund Inc Broomfield, CO | $606,047,129 | $251,921,544 |
Anschutz Foundation Denver, CO | $0 | $131,519,142 |
Community Finance Corporation Tucson, AZ | $0 | $59,653,037 |
The Ray And Tye Noorda Foundation Lindon, UT | $188,322,162 | $42,549,813 |
Harold Hamm Foundation Oklahoma City, OK | $15,100,240 | $36,211,204 |
Colorado Trust Denver, CO | $0 | $33,250,092 |
Bohemian Foundation Fort Collins, CO | $90,098,504 | $41,050,944 |
Weitz Family Foundation Omaha, NE | $41,283,061 | $24,036,289 |
Liana Foundation Inc Jackson, WY | $99,821,769 | $1,410,375 |
Mufg Union Bank Foundation Ag Phoenix, AZ | $2,989,069 | $8,302,055 |
Miller Family Foundation Inc Pittsburg, KS | $66,698,223 | $18,550,862 |
Con Alma Health Foundation Santa Fe, NM | $33,283,264 | $4,439,981 |