Harry Vermeer Family Foundation
- Assets
- $6.3m
- Revenue
- $311.5k
- Investments
- $4.6m
- Employees
- 0
- Location
- Pella, IA
- Founding
- 04/1976
- Data as of
- 12/2022
- EIN
- 51-0182729
Organization Overview
Harry Vermeer Family Foundation is located in Pella, IA. The organization was established in 1976. 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. Harry Vermeer 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 12/2022, Harry Vermeer Family Foundation generated $311.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $382.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Harry Vermeer Family Foundation has awarded 67 individual grants totaling $789,600. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
NO DIRECT ACTIVE CONDUCT OF A CHARITABLE ACTIVITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Luann DE Haan Chairperson, Treasurer, Tr | 0.25 | $0 | |
Melinda Papadeas Vice Chairperson & Trustee | 0.25 | $0 | |
Bernice Vermeer Trustee | 0.25 | $0 | |
Michael Vermeer Secretary & Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $429 |
| Dividends & Interest | $138,706 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $172,336 |
| Capital Gain Net Income | $172,336 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $311,471 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $23,880 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $104,178 |
| Contributions, gifts, grants paid | $278,500 |
| Total expenses and disbursements | $382,678 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $199,016 |
| 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 | $4,553,831 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,500,000 |
| Total assets | $6,252,847 |
| 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, Harry Vermeer Family Foundation has awarded $278,500 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
BELLEVUE CHRISTIAN SCHOOL PURPOSE: EDUCATIONAL | $5,000 |
CALVIN THEOLOGICAL SEMINARY PURPOSE: EDUCATIONAL | $30,000 |
CALVIN UNIVERSITY PURPOSE: EDUCATIONAL | $30,000 |
CARY CHRISTIAN CENTER PURPOSE: RELIGIOUS | $5,000 |
CENTRAL COLLEGE PURPOSE: EDUCATIONAL | $5,000 |
DORDT UNIVERSITY PURPOSE: EDUCATIONAL | $10,000 |