Verne Catt Mcdowell Corporation
- Assets
- $251.4k
- Revenue
- $15.2k
- Investments
- $238.2k
- Employees
- 0
- Location
- Albany, OR
- Founding
- 01/1965
- Data as of
- 12/2022
- EIN
- 93-6022991
Organization Overview
Verne Catt Mcdowell Corporation is located in Albany, OR. The organization was established in 1965. 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. Verne Catt Mcdowell Corporation 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, Verne Catt Mcdowell Corporation generated $15.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.4% each year . All expenses for the organization totaled $17.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sara Staton President | 1 | $0 | |
Debbie Burchfiel Director | 1 | $0 | |
Emily Killin Director | 1 | $0 | |
Sharon Warner Director | 1 | $0 | |
Doug Wirt Director | 1 | $0 | |
Dave Mccorkle Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,972 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,182 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $15,154 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,400 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $227 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $50 |
| Other expenses | $220 |
| Total operating and administrative expenses | $3,497 |
| Contributions, gifts, grants paid | $13,983 |
| Total expenses and disbursements | $17,480 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,599 |
| Savings and temporary cash investments | $2,544 |
| 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 | $238,243 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $251,386 |
| 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, Verne Catt Mcdowell Corporation has awarded $13,983 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
TRILLIUM FAMILY SERVICES PURPOSE: OPERATIONS | $839 |
KOINONIA CENTER PURPOSE: OPERATIONS | $839 |
UNITED CAMPUS MINISTRY AT OSU PURPOSE: OPERATIONS | $839 |
DEBRA LAMP PURPOSE: EDUCATION EXPENSES | $5,000 |
GEONYUL BYEON PURPOSE: EDUCATION EXPENSES | $6,466 |