Veritas Foundation
- Assets
- $83.0k
- Revenue
- $124.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Carnation, WA
- Founding
- Data as of
- 12/2022
- EIN
- 84-4123022
Organization Overview
Veritas Foundation is located in Carnation, WA. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Veritas 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 12/2022, Veritas Foundation generated $124.3k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $134.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S MISSION IS TO PROVIDE FINANCIAL, MATERIAL, AND SPIRITUAL SUPPORT TO FEED THE HUNGRY, SHELTER THE POOR, CLOTHE THE DESTITUTE, AND BRING GOD'S WORD TO ALL PARTS OF THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUILT A CHURCH AND PROVIDED HOUSING FOR THE SIERRA LEONE ASSOCIATION FOR THE BLIND.
PROVIDED OVER 30,000 MEALS, CLOTHING, SHOES, AND TOILETRIES TO CHILDREN AND FAMILIES IN SIERRA LEONE. COVERED HEALTHCARE EXPENSES FOR MORE THAN 70 PEOPLE AS WELL.
DELIVERED 100+ AUDIO BIBLES AND PROVIDED SEVERAL SCHOLARSHIPS. THESE SCHOLARSHIPS COVERED BOOK FEES, COLLEGE ENTRANCE EXAM FEES, AND LAPTOPS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hailey Roberts Executive Dir. | OfficerTrustee | 10 | $0 |
Ken Diebner Executive Comm. | OfficerTrustee | 25 | $0 |
Ed Marlow Executive Comm. | OfficerTrustee | 5 | $0 |
Steve Roberts Executive Comm. | OfficerTrustee | 7 | $0 |
Karen Dennis Chairman | OfficerTrustee | 2 | $0 |
Luke Fischer Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $124,300 |
| Noncash contributions included in lines 1a–1f | $1,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $124,300 |
| Total Program Service Revenue | $0 |
| Investment income | $6 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $124,306 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $94,992 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,779 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,781 |
| Office expenses | $0 |
| Information technology | $5,610 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $18,770 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $333 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $67 |
| All other expenses | $0 |
| Total functional expenses | $134,821 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,002 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $83,002 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $83,002 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $83,002 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Veritas Foundation has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
New Covenant Foundation Inc Wilmington, DE PURPOSE: TO SUPPORT THE BLIND SCHOOL IN BO, SIERRA LEONE THROUGH THE MONTHLY FEEDING PROGRAM AND TO PURCHASE VOICE RECORDERS AND WRITING SLATES | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Satterberg Foundation Seattle, WA | $410,301,972 | $30,618,037 |
Mission Increase Tigard, OR | $936,883 | $5,775,075 |
The Foraker Group Anchorage, AK | $6,070,531 | $7,451,192 |
Life You Can Save Sequim, WA | $5,276,771 | $7,278,091 |
Washington Charter School Development Inc Seattle, WA | $91,237,714 | $2,883,173 |
The Conservation Alliance Bend, OR | $7,750,898 | $3,428,997 |
Riverpsykhe Inc Kirkland, WA | $3,092,531 | $940,714 |
Children Of The Setting Sun Productions Bellingham, WA | $752,376 | $1,398,162 |
Historic Everett Theatre Preservation Society Everett, WA | $73,947 | $775,689 |
Dave And Wendy Morgan Foundation Snohomish, WA | $4,129,982 | $3,963,255 |
Lamb Weston Charitable Foundation Eagle, ID | $7,000,922 | $10,181 |
Keller Foundation Vancouver, WA | $5,698,972 | $1,225,617 |