Sid And Carol Verdoorn Family Foundation
- Assets
- $59.5m
- Revenue
- $4.9m
- Investments
- $55.1m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 02/1999
- Data as of
- 12/2021
- EIN
- 41-1926065
The information for Sid And Carol Verdoorn Family Foundation is as of the organization's most recent filing in December '21. This organization is located in Dallas, TX. It has been in existence for 22 years, following its founding in 1999.
Organization Classification
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Sid And Carol Verdoorn Family Foundation's NTEE code is T20. This means that the organization is classified under Philanthropy, Voluntarism & Grantmaking Foundations. As a Private Grantmaking Foundation, the foundation is a nongovernmental, nonprofit organization that manages funds and programs through its own trustees or directors. Its main purpose is to maintain or aid social, educational, religious, or other charitable activities that serve the common welfare, primarily through grantmaking. Additionally, the foundation is classified as a 501(c)(3) organization, meaning it is engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work, according to the Internal Revenue Code.
Grant History
Our dataset includes eight years of grant history for the Sid And Carol Verdoorn Family Foundation. Over the course of those eight years, they have awarded a total of 127 grants, with an average check size of $203,317. The foundation awards grants in various sectors, with the highest number of grants awarded in the Education sector (28), followed by Religion-Related (21) and Youth Development (6). In terms of geographical distribution, the foundation has awarded the most grants in Minnesota (55), followed by Colorado (18) and Iowa (13). Other states where the foundation has awarded grants include Arizona, Ohio, Kansas, Oregon, Maryland, Texas, Michigan, Washington D.C., Virginia, Illinois, California, and Louisiana.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Verdoorn President & Secretary | 1 | $0 | |
Jeff Verdoorn Treasurer | 1 | $0 | |
Jay Verdoorn Vice President | 1 | $0 | |
Daryl Verdoorn Chair | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,039,018 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,050,837 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$551,953 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $409,957 |
| Total Revenue | $4,947,859 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $61,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,680 |
| Total operating and administrative expenses | $366,766 |
| Contributions, gifts, grants paid | $2,980,000 |
| Total expenses and disbursements | $3,346,766 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,280,269 |
| 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 | $3,145,246 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $48,226,051 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $59,548,109 |
| 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, Sid And Carol Verdoorn Family Foundation has awarded $2,980,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
DORDT COLLEGE PURPOSE: SCHOLARSHIP FUND, CENTER FOR THE ADVANCEMENT OF CHRISTIAN EDUCATION, PROTECK, SCIENCE BUILDING | $1,050,000 |
Chaska, MN PURPOSE: OPERATING, BUILDING FUND | $1,000,000 |
Manitou Springs, CO PURPOSE: OPERATING | $250,000 |
CHAPEL HILL CHRISTIAN SCHOOL PURPOSE: BUILDING FUND | $200,000 |
Minneapolis, MN PURPOSE: OPERATING, BUILDING FUND, AND SCHOLARSHIPS | $150,000 |
THE COVENANT SCHOOL PURPOSE: OPERATING | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
Scharbauer Foundation Inc Midland, TX | $271,051,602 | $69,061,413 |
Wildcat Foundation Fort Worth, TX | $836,895 | $18,132,970 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Eugene Mcdermott Foundation Dallas, TX | $220,528,387 | $97,884,779 |
Henderson-Wessendorff Foundation Richmond, TX | $228,160,288 | $17,605,762 |
Walter E Heller Foundation Dallas, TX | $0 | $637,126 |
Carl & Marilynn Thoma Foundation Dallas, TX | $0 | $929,287 |
Beloved In Christ Foundation Austin, TX | $172,986,617 | $3,113,726 |
The Kathryn H Craig Stephen Dudley Heard And Lillie D Heard Memorial Dallas, TX | $1,384 | -$449,918 |
Carroll Petrie Foundation Santa Fe, NM | $306,631,944 | $55,176,464 |
Hamill Foundation Houston, TX | $203,029,849 | $39,782,936 |