Vereen Family Foundation
- Assets
- $3.3m
- Revenue
- $592.9k
- Investments
- $3.1m
- Employees
- 0
- Location
- Moultrie, GA
- Founding
- 03/1960
- Data as of
- 12/2021
- EIN
- 58-6032259
Organization Overview
Vereen Family Foundation is located in Moultrie, GA. The organization was established in 1960. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vereen 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, Vereen Family Foundation generated $592.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 39.2% each year . All expenses for the organization totaled $251.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Vereen Family Foundation has awarded 41 individual grants totaling $1,034,110. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harvey B Vereen Trustee | 1 | $0 | |
William J Vereen Trustee | 12 | $0 | |
Lisa V Zeanah Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $72,996 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $519,889 |
| Capital Gain Net Income | $519,889 |
| Net ST Capital Gain | $4,058 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $592,885 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $30,637 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,831 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $76,319 |
| Total operating and administrative expenses | $114,962 |
| Contributions, gifts, grants paid | $136,600 |
| Total expenses and disbursements | $251,562 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $178,141 |
| 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 | $1,647 |
| Net Investments - land, buildings, equipment | $3,300 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,322,703 |
| 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, Vereen Family Foundation has awarded $136,600 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS PUBLIC CHARITIES SCHEDULE PURPOSE: SUPPORT OF CHARITABLE PROGRAMS | $125,600 |
MICHAEL CROSBY PURPOSE: TUITION TO PURSUE COLLEGE DEGREE | $3,000 |
HANNAH G WELSH PURPOSE: TUITION TO PURSUE COLLEGE DEGREE | $2,000 |
ASA D BALLARD PURPOSE: TUITION TO PURSUE COLLEGE DEGREE | $2,000 |
LORI ANN KING PURPOSE: TUITION TO PURSUE COLLEGE DEGREE | $2,000 |
ALEXYS MOORE PURPOSE: TUITION TO PURSUE COLLEGE DEGREE | $1,000 |
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|---|---|---|
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Alabama Rural Water Association Montgomery, AL | $2,377,857 | $3,170,318 |
Macon-Russell Community Action Agency Incorporated Tuskegee, AL | $785,450 | $2,551,458 |
New Town Macon Inc Macon, GA | $28,447,383 | $5,896,499 |
Faith In Florida Inc Orlando, FL | $1,660,314 | $1,913,731 |
Action Greensboro Greensboro, NC | $6,492,627 | $1,414,644 |