Gilbert Verney Foundation
- Assets
- $1.2m
- Revenue
- $212.0k
- Investments
- $734.2k
- Employees
- 0
- Location
- Bennington, NH
- Founding
- 07/1949
- Data as of
- 12/2023
- EIN
- 02-6007363
Organization Overview
Gilbert Verney Foundation is located in Bennington, NH. The organization was established in 1949. 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. Gilbert Verney 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, Gilbert Verney Foundation generated $212.0k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $187.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (8.1%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Gilbert Verney Foundation has awarded 261 individual grants totaling $801,011. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Verney President | 1 | $0 | |
E Geoffrey Verney Trustee | 1 | $0 | |
Lumina V Greenway Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $150,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $24,325 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $37,716 |
| Capital Gain Net Income | $37,716 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $212,041 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,847 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $15,191 |
| Contributions, gifts, grants paid | $172,550 |
| Total expenses and disbursements | $187,741 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,374 |
| Savings and temporary cash investments | $172,873 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $150,000 |
| 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 | $178 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,166,632 |
| Accounts payable and accrued expenses | $6,300 |
| 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 | $6,300 |
Grants Awarded
Over the last fiscal year, Gilbert Verney Foundation has awarded $172,550 in support to 57 organizations.
| Grant Recipient | Amount |
|---|---|
ALL SAINTS' CHURCH PURPOSE: CONTRIBUTION | $17,000 |
BARRIER ISLAND PARKS SOCIETY PURPOSE: CONTRIBUTION | $1,700 |
CASA OF NEW HAMPSHIRE PURPOSE: CONTRIBUTION | $2,000 |
BONEFISH & TARPON TRUST PURPOSE: CONTRIBUTION | $5,000 |
COMMUNITY FOUNDATION FOR NANTUCKET PURPOSE: CONTRIBUTION | $10,000 |
CORNUCOPIA PROJECT PURPOSE: CONTRIBUTION | $800 |