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
Organization Overview
Sid And Carol Verdoorn Family Foundation is located in Dallas, TX. The organization was established in 1999. 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. Sid And Carol Verdoorn Family 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, Sid And Carol Verdoorn Family Foundation generated $4.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.4% each year . All expenses for the organization totaled $3.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2013, Sid And Carol Verdoorn Family Foundation has awarded 144 individual grants totaling $29,039,252. 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.
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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 $3,218,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
DORDT COLLEGE PURPOSE: SCHOLARSHIP FUND, CENTER FOR THE ADVANCEMENT OF CHRISTIAN EDUCATION, PROTECK, SCIENCE BUILDING | $1,050,000 |
CARDUS INC PURPOSE: OPERATING | $30,000 |
FAITH RADIO PURPOSE: OPERATING | $5,000 |
GRACE BIBLE CHURCH PURPOSE: OPERATING | $25,000 |
HOLLANDALE CHRISTIAN SCHOOL PURPOSE: OPERATING | $25,000 |
HOPE ACADEMY PURPOSE: OPERATING, BUILDING FUND, AND SCHOLARSHIPS | $433,000 |