Varney Foundation
- Assets
- $121.1k
- Revenue
- $2.9k
- Investments
- $43.4k
- Employees
- 0
- Location
- Great Falls, VA
- Founding
- 03/1996
- Data as of
- 12/2022
- EIN
- 54-1741120
Organization Overview
Varney Foundation is located in Great Falls, VA. The organization was established in 1996. 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. Varney 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, Varney Foundation generated $2.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (29.5%) each year. All expenses for the organization totaled $28.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Varney Foundation has awarded 70 individual grants totaling $245,780. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A--UNRESTRICTED CONTRIBUTIONS TO 501(C) (3) ORGANIZATION ONLY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert C Varney Director/president | 1 | $0 | |
Sandra D Varney Director/secretary | 1 | $0 | |
Tammy Boyd Director | 0.5 | $0 | |
Karlayne Powars Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $980 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,931 |
| Capital Gain Net Income | $1,931 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,911 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,056 |
| Contributions, gifts, grants paid | $27,000 |
| Total expenses and disbursements | $28,056 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $77,699 |
| 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 | $43,413 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $121,112 |
| 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, Varney Foundation has awarded $27,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CAMPUS CRUSADE FOR CHRIST INTERNATIONAL PURPOSE: GENERAL OPERATING | $24,000 |
WYCLIFFE BIBLE TRANSLATORS PURPOSE: GENERAL OPERATING | $1,500 |
WORLDWIDE DISCIPLESHIP ASSOCIATION PURPOSE: GENERAL OPERATING | $1,500 |