Corby And Jay Verdoorn Family Foundation Inc
- Assets
- $1.7m
- Revenue
- $42.0k
- Investments
- $1.7m
- Employees
- 0
- Location
- Plano, TX
- Founding
- Data as of
- 12/2023
- EIN
- 87-3520651
Organization Overview
Corby And Jay Verdoorn Family Foundation Inc is located in Plano, TX. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Corby And Jay Verdoorn Family 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, Corby And Jay Verdoorn Family Foundation Inc generated $42.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (66.1%) each year. All expenses for the organization totaled $88.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Verdoorn President, Treasurer And Director | 0 | $0 | |
Corby Verdoorn Vice President And Director | 0 | $0 | |
Fraley Robinson Vice President, Secretary And Director | 0 | $0 | |
Blake Verdoorn Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $37,164 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,793 |
| Capital Gain Net Income | $49,669 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $41,957 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $29 |
| Total operating and administrative expenses | $11,116 |
| Contributions, gifts, grants paid | $77,000 |
| Total expenses and disbursements | $88,116 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,505 |
| Savings and temporary cash investments | $0 |
| 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 | $1,749,788 |
| 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, Corby And Jay Verdoorn Family Foundation Inc has awarded $77,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
COVENANT SCHOOL PURPOSE: CASH DONATION TO SUPPORT THE MISSION OF THE PUBLIC CHARITY | $11,000 |
DALLAS THEOLOGICAL PURPOSE: CASH DONATION TO SUPPORT THE MISSION OF THE PUBLIC CHARITY | $3,500 |
ALZHEIMERS ASSOCIATION PURPOSE: CASH DONATION TO SUPPORT THE MISSION OF THE PUBLIC CHARITY | $1,500 |
YOUTH EQUIPPED TO SUCCEED PURPOSE: CASH DONATION TO SUPPORT THE MISSION OF THE PUBLIC CHARITY | $20,000 |
SOUTH DALLAS COMMUNITY HOPE & FELLOWSHIP PURPOSE: CASH DONATION TO SUPPORT THE MISSION OF THE PUBLIC CHARITY | $25,000 |
CHRISTIAN THINKERS SOCIETY PURPOSE: CASH DONATION TO SUPPORT THE MISSION OF THE PUBLIC CHARITY | $16,000 |