Verrill Foundation
- Assets
- $1.4m
- Revenue
- $227.7k
- Investments
- $1.3m
- Employees
- 0
- Location
- Falmouth, ME
- Founding
- 08/2007
- Data as of
- 12/2021
- EIN
- 20-8631244
Organization Overview
Verrill Foundation is located in Falmouth, ME. The organization was established in 2007. 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. Verrill 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, Verrill Foundation generated $227.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $154.2k during the year ending 12/2021. While expenses have increased by 3.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Verrill Foundation has awarded 169 individual grants totaling $791,500. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION RECEIVES WRITTEN PROPOSALS FROM SECTION 501(C)(3) ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emma J Pickett Vice President | 0 | $0 | |
Heidi J Pickett President | 0 | $0 | |
Peter J Verrill Sr Treasurer | 0 | $0 | |
Donna J Verrill Secretary | 0 | $0 | |
James H Young II Clerk | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $367 |
| Dividends & Interest | $30,013 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $197,340 |
| Capital Gain Net Income | $197,340 |
| Net ST Capital Gain | $2,457 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $227,720 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $347 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $24,718 |
| Total operating and administrative expenses | $26,730 |
| Contributions, gifts, grants paid | $127,500 |
| Total expenses and disbursements | $154,230 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,720 |
| Savings and temporary cash investments | $0 |
| 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 | $1,346,384 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,378,104 |
| 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, Verrill Foundation has awarded $127,500 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
VALERIE'S HOUSE PURPOSE: 501(C)(3) ORG - HELP CHILDREN & FAMILIES WORK THRU LOSS OF A LOVED ONE TOGETHER. | $35,000 |
Gypsum, CO PURPOSE: 501(C)(3)- ASSISTS ORPHANS AND AT-RISK YOUTH VIA HOUSING, EDUCATION, NUTRITION, ETC | $15,000 |
Auburn, ME PURPOSE: 501(C)(3) - PROVIDE FOOD FOR NEEDY PEOPLE | $8,000 |
Portland, ME PURPOSE: 501(C)(3) - PROVIDE FOOD FOR HOMELESS AND NEEDY PEOPLE | $8,000 |
Portland, ME PURPOSE: 501(C)(3) - PROVIDE SHELTER AND FOOD TO HOMELESS PEOPLE | $8,000 |
Montgomery, AL PURPOSE: 501(C)(3)- ADVOCATES AGAINST MASS INCARCERATION, EXCESSIVE PUNISHMENT AND INEQUALITY IN THE JUSTICE SYSTEM | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harold Alfond Foundation Portland, ME | $813,380,857 | $317,083,832 |
Libra Foundation Owen W Wells Trustee Portland, ME | $194,515,715 | $7,192,031 |
Thomas W Haas Foundation Greenland, NH | $135,774,612 | $23,898,654 |
Endowment For Health Inc Concord, NH | $94,601,301 | $13,835,099 |
Peter And Anna Kolchinsky Foundation Portsmouth, NH | $32,887,718 | $6,933,856 |
Southeast Land Trust Of New Hampshire Epping, NH | $33,243,290 | $7,653,430 |
P D Merrill Charitable Tr U-A Dtd 11-02-06 Portland, ME | $0 | $21,552 |
Cogswell Benevolent Trust Manchester, NH | $30,218,866 | $3,198,949 |
Gloria C Mackenzie Foundation Inc East Millinocket, ME | $24,725,782 | $9,772,129 |
Burke Family Foundation C/O People's United Bank Cape Elizabeth, ME | $0 | $295,914 |
Morton-Kelly Charitable Tr Portland, ME | $19,003,514 | $4,559,589 |
Hank And Lynn Hopeman Foundation Inc Sunapee, NH | $22,635,680 | $2,787,144 |