Veritas Foundation is located in Plymouth, MN. The organization was established in 2006. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. 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 12/2021, Veritas Foundation generated $794.2k in total revenue. All expenses for the organization totaled $219.1k during the year ending 12/2021.
Since 2018, Veritas Foundation has awarded 28 individual grants totaling $826,294. 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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Patricia J Karle President | 5 | $0 | |
Peter S Karle Treasurer | 5 | $0 | |
Kristine E Isaac Secretary | 5 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $0 |
Dividends & Interest | $93,617 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $700,614 |
Capital Gain Net Income | $700,614 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $794,231 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $2,510 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $436 |
Total operating and administrative expenses | $7,311 |
Contributions, gifts, grants paid | $211,800 |
Total expenses and disbursements | $219,111 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $177,268 |
Savings and temporary cash investments | $356,287 |
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 | $0 |
Net Land, buildings, and equipment | $0 |
Other assets | $690,001 |
Total assets | $6,252,158 |
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 |
Over the last fiscal year, Veritas Foundation has awarded $211,800 in support to 7 organizations.
Grant Recipient | Amount |
---|---|
RIVERTREE SCHOOL PURPOSE: GENERAL SUPPORT | $75,000 |
UNIVERSITY CHRISTIAN FELLOWSHIP PURPOSE: GENERAL SUPPORT | $54,000 |
TRANSFORMATION TODAY PURPOSE: GENERAL SUPPORT | $40,000 |
CHI ALPHA CAMPUS MINISTRIES OF DULUTH PURPOSE: GENERAL SUPPORT | $24,800 |
COMPASSION INTERNATIONAL PURPOSE: GENERAL SUPPORT | $10,000 |
Columbus, GA PURPOSE: GENERAL SUPPORT | $5,000 |
Organization Name | Assets | Revenue |
---|---|---|
International Childrens Fund Inc Neenah, WI | $1,153,019 | $79,562,043 |
Ghr Foundation Minneapolis, MN | $0 | $118,752,892 |
Alfred And Isabel Bader 2014 Charitable Trust Milwaukee, WI | $88,717,556 | $62,553,918 |
Goodman Family Operating Foundation Chaska, MN | $298,216,479 | $15,439,155 |
Robert And Adele Schiff Family Foundation Inc Milwaukee, WI | $226,331,394 | $18,541,997 |
Wca Foundation C/O The Minneapolis Foundation Minneapolis, MN | $0 | $1,050,329 |
Esther And Harold Mertz Foundation Sioux Falls, SD | $674,132,608 | $21,835,940 |
Larson Foundation Sioux Falls, SD | $23,259,212 | -$633,184 |
John T Vucurevich Foundation Rapid City, SD | $151,565,692 | $20,798,188 |
Fund For Wisconsin Scholars Inc Madison, WI | $273,321,225 | $22,010,196 |
Pohlad Family Foundation Minneapolis, MN | $102,001,164 | $18,381,775 |
Roy J Carver Charitable Tr Muscatine, IA | $235,043,756 | $22,231,044 |