Paul S Veneklasen Research Foundation
- Assets
- $4.8m
- Revenue
- $53.1k
- Investments
- $4.7m
- Employees
- 0
- Location
- Cypress, CA
- Founding
- 08/1981
- Data as of
- 12/2023
- EIN
- 95-3555062
Organization Overview
Paul S Veneklasen Research Foundation is located in Cypress, CA. The organization was established in 1981. 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. Paul S Veneklasen Research 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, Paul S Veneklasen Research Foundation generated $53.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.9%) each year. All expenses for the organization totaled $20.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (19.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Paul S Veneklasen Research Foundation has awarded 13 individual grants totaling $403,190. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACOUSTICAL RESEARCH AND SOUND TECHNOLOGY AND TO PUBLISH ITS DISCOVERIES FOR THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Lo Verde President | 4 | $0 | |
Mary Veneklasen Director | 1 | $0 | |
Gary Mange Director | 1 | $0 | |
David Lubman Director | 1 | $0 | |
Wayland Dong Sec/treas | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $15,654 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,683 |
| Capital Gain Net Income | $1,067 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,749 |
| Total Revenue | $53,086 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $20,000 |
| Total expenses and disbursements | $20,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $105,051 |
| 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 | $2,613,340 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,769,296 |
| 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 | $610,211 |
| Total liabilities | $610,211 |
Grants Awarded
Over the last fiscal year, Paul S Veneklasen Research Foundation has awarded $88,627 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UCLA FOUNDATION PURPOSE: RESEARCH | $60,000 |
MICHIGAN TECHNOLOGICAL UNIVERSITY PURPOSE: RESEARCH | $28,627 |