Verbum Spei
- Assets
- $318.2k
- Revenue
- $204.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Boise, ID
- Founding
- Data as of
- 12/2022
- EIN
- 83-4572856
Organization Overview
Verbum Spei is located in Boise, ID. According to its NTEE Classification (X22) the organization is classified as: Roman Catholic, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Verbum Spei 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, Verbum Spei generated $204.3k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 33.7% each year . All expenses for the organization totaled $153.8k during the year ending 12/2022. While expenses have increased by 35.8% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PURPOSE OF THE CORPORATION IS EXCULSIVELY RELIGIOUS, CHARITABLE, OR EDUCATIONAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PURPOSE OF THE CORPORATION IS EXCULSIVELY RELIGIOUS, CHARITABLE, OR EDUCATIONAL.
PURPOSE OF THE CORPORATION IS EXCULSIVELY RELIGIOUS, CHARITABLE, OR EDUCATIONAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Batt Secretary | Officer | 5 | $0 |
Dominic Faure President | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $204,261 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $204,261 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $204,261 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,985 |
| Advertising and promotion | $0 |
| Office expenses | $15,293 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,608 |
| Travel | $61,350 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $14,993 |
| All other expenses | $0 |
| Total functional expenses | $153,795 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $318,185 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $318,185 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $318,185 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $318,185 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Verbum Spei has recieved totaling $28,000.
| Awarding Organization | Amount |
|---|---|
Angels Among Us Inc Garden City, ID PURPOSE: RELIGIOUS | $28,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Society Of St Vincent De Paul Portland Council Portland, OR | $7,120,799 | $9,690,362 |
Catholic Cemeteries Of Spokane Spokane, WA | $14,710,630 | $2,387,424 |
Saint Vincent De Paul Conference Of Our Lady Star Of The Sea Bremerton, WA | $4,016,176 | $3,567,330 |
Catholic Laity And Clergy For Renewal Inc Casper, WY | $910,567 | $1,673,228 |
Mary Bonfils Stanton Trust 7524 7524 Las Vegas, NV | $15,461,861 | $1,688,244 |
Friends Of The Consoling Sisters Of The Sacred Heart Of Jesus Inc Coeur D Alene, ID | $107,783 | $1,188,715 |
Chuckanut Health Foundation Bellingham, WA | $19,750,498 | $1,759,097 |
Salem Village Mount Vernon, WA | $11,203,453 | $893,077 |
Holy Family Catholic Clinic P S West Linn, OR | $362,106 | $778,763 |
Mount Calvary Catholic Cemetery Salt Lake City, UT | $716,589 | $616,874 |
Episcopal Management Corporation Of Ogden City Inc Midvale, UT | $1,423,284 | $633,652 |
Holy Names Foundation Marylhurst, OR | $5,960,876 | -$1,044,297 |