Verrill Foundation
- Assets
- $1.6m
- Revenue
- $75.5k
- Investments
- $1.5m
- Employees
- 0
- Location
- Falmouth, ME
- Founding
- 08/2007
- Data as of
- 12/2023
- 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 12/2023, Verrill Foundation generated $75.5k 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 (5.3%) each year. All expenses for the organization totaled $151.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Verrill Foundation has awarded 245 individual grants totaling $1,168,500. 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
2023
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 Jr Vice 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 | $489 |
| Dividends & Interest | $33,833 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $41,187 |
| Capital Gain Net Income | $41,223 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $75,509 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $256 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,397 |
| Total operating and administrative expenses | $18,353 |
| Contributions, gifts, grants paid | $133,000 |
| Total expenses and disbursements | $151,353 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,935 |
| 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 | $1,513,324 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,564,259 |
| 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 $133,000 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
CENTER FOR GRIEVING CHILDREN PURPOSE: 501(C)(3) - PROVIDES A SAFE ENVIRONMENT FOR CHILDREN/TEENS TO GRIEVE | $10,000 |
PREBLE STREET PURPOSE: 501(C)(3) - PROVIDE SHELTER AND FOOD TO HOMELESS PEOPLE | $8,000 |
VALERIE'S HOUSE PURPOSE: 501(C)(3) ORG - HELP CHILDREN & FAMILIES WORK THRU LOSS OF A LOVED ONE TOGETHER. | $25,000 |
MILESTONE RECOVERY PURPOSE: 501(C)(3) ORG - EMPOWER INDIVIDUALS WITH SUBSTANCE ABUSE TO ATTAIN ENHANCED QUALITY OF LIFE | $6,500 |
COUNCIL FOR ECONOMIC DEVELOPMENT PURPOSE: 501(C)(3)- PROVIDE K-12 STUDENTS WITH TOOLS RE ECONOMICS AND PERSONAL FINANCE | $500 |
JR ACHIEVEMENT OF GREATER BOSTON PURPOSE: 501(C)(3)- PROVIDE EDUCATION AND TRAINING FOR YOUTH EMPOWERMENT | $5,000 |