Vermeer Charitable Foundation Inc
- Assets
- $32.3m
- Revenue
- $17.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Pella, IA
- Founding
- 11/1977
- Data as of
- 12/2023
- EIN
- 42-1087640
Organization Overview
Vermeer Charitable Foundation Inc is located in Pella, IA. The organization was established in 1977. 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. Vermeer Charitable Foundation Inc 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, Vermeer Charitable Foundation Inc generated $17.0m in total revenue. All expenses for the organization totaled $1.3m during the year ending 12/2023.
Since 2016, Vermeer Charitable Foundation Inc has awarded 522 individual grants totaling $13,819,048. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dale Andringa Director | 0.25 | $0 | |
Heidi Vermeer-Quist Director | 0.25 | $0 | |
Anna Kinoti Director | 0.25 | $0 | |
Lois Vermeer Director | 0.25 | $0 | |
Mindi Vanden Bosch Director/treasurer | 0.5 | $0 | |
Christy Vermeer Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $16,665,791 |
| Interest on Savings | $5,475 |
| Dividends & Interest | $437,579 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$79,468 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $17,029,377 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $22,041 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,349 |
| Total operating and administrative expenses | $104,478 |
| Contributions, gifts, grants paid | $1,156,296 |
| Total expenses and disbursements | $1,260,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,786,123 |
| Savings and temporary cash investments | $17,493,658 |
| 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 | $0 |
| Total assets | $32,279,781 |
| 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, Vermeer Charitable Foundation Inc has awarded $1,156,296 in support to 65 organizations.
| Grant Recipient | Amount |
|---|---|
ACHF PURPOSE: CHARITABLE | $1,900 |
ALBIA COMMUNITY SCHOOL DISTRICT PURPOSE: EDUCATION | $100 |
CENTRAL COLLEGE PURPOSE: EDUCATION | $100,000 |
CENTRAL RED SOCIETY PURPOSE: CHARITABLE | $250 |
CHILDREN'S CANCER CONNECTION PURPOSE: CHARITABLE | $1,500 |
CHRISTIAN OPPORTUNITY CENTER FOUNDATION PURPOSE: CHARITABLE | $2,500 |