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Verni Foundation Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$6.04k (2023)

Expenses
$58.4k (2023)

Total Assets
$197k (2023)

Total Liabilities
$3.4k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Oct.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$6,035
Expenses
$58,448
Net Income
-$52,413
Net Assets
$193,660
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $10,294
> 100%
Sales of Assets -$4,259
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $55,000
94.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $197,057
Total Liabilities $3,397
Net Assets $193,660
Compensation
Key Employees and Officers Compensation Other
Vito R Verni (President/Di) $0 $0
John A Verni (Secretary/Di) $0 $0
Christopher T Verni (Treasurer/Di) $0 $0

Document Links

Fiscal Year Ending Oct.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$14,486
Expenses
$8,501
Net Income
$5,985
Net Assets
$246,073
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $14,486
100%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,500
29.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $252,024
Total Liabilities $5,951
Net Assets $246,073
Compensation
Key Employees and Officers Compensation Other
Vito R Verni (President/Di) $0 $0
John A Verni (Secretary/Di) $0 $0
Christopher T Verni (Treasurer/Di) $0 $0

Document Links

Fiscal Year Ending Oct.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$8,928
Expenses
$9,752
Net Income
-$824
Net Assets
$240,088
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $9,109
> 100%
Sales of Assets -$181
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $6,500
66.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $240,239
Total Liabilities $151
Net Assets $240,088
Compensation
Key Employees and Officers Compensation Other
Vito R Verni (President/Di) $0 $0
John A Verni (Secretary/Di) $0 $0
Christopher T Verni (Treasurer/Di) $0 $0

Document Links

Fiscal Year Ending Oct.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$9,678
Expenses
$48,994
Net Income
-$39,316
Net Assets
$240,912
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $9,318
96.3%
Sales of Assets $360
3.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $46,000
93.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $253,301
Total Liabilities $12,389
Net Assets $240,912
Compensation
Key Employees and Officers Compensation Other
Vito R Verni (President/Di) $0 $0
John A Verni (Secretary/Di) $0 $0
Christopher T Verni (Treasurer/Di) $0 $0

Document Links

Fiscal Year Ending Oct.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$108,596
Expenses
$68,039
Net Income
$40,557
Net Assets
$280,228
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $100,000
92.1%
Interest Revenue $0
Dividends $9,462
8.7%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $65,200
95.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $280,487
Total Liabilities $259
Net Assets $280,228
Compensation
Key Employees and Officers Compensation Other
Vito R Verni (President/Di) $0 $0
John A Verni (Secretary/Di) $0 $0
Christopher T Verni (Treasurer/Di) $0 $0

Document Links

Fiscal Year Ending Oct.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$14,632
Expenses
$98,316
Net Income
-$83,684
Net Assets
$239,671
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $12,406
84.8%
Sales of Assets $2,226
15.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $95,200
96.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $275,029
Total Liabilities $35,358
Net Assets $239,671
Compensation
Key Employees and Officers Compensation Other
Vito R Verni (President/Di) $0 $0
Mary Verni (Vp/Director) $0 $0
John A Verni (Secretary/Di) $0 $0
Christopher T Verni (Treasurer/Di) $0 $0

Document Links

Fiscal Year Ending Oct.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$11,576
Expenses
$102,186
Net Income
-$90,610
Net Assets
$323,355
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $15,216
> 100%
Sales of Assets -$3,640
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $99,200
97.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $390,623
Total Liabilities $67,268
Net Assets $323,355
Compensation
Key Employees and Officers Compensation Other
Vito R Verni (President/Di) $0 $0
Mary Verni (Vp/Director) $0 $0
John A Verni (Secretary/Di) $0 $0
Christopher T Verni (Treasurer/Di) $0 $0

Document Links

Fiscal Year Ending Oct.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$39,610
Expenses
$305,415
Net Income
-$265,805
Net Assets
$413,965
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $25,000
63.1%
Interest Revenue $0
Dividends $21,457
54.2%
Sales of Assets -$6,847
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $302,500
99.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $454,198
Total Liabilities $40,233
Net Assets $413,965
Compensation
Key Employees and Officers Compensation Other
Vito R Verni (President/Di) $0 $0
Mary Verni (Vp/Director) $0 $0
John A Verni (Secretary/Di) $0 $0
Christopher T Verni (Treasurer/Di) $0 $0

Document Links

Fiscal Year Ending Oct.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$25,516
Expenses
$117,955
Net Income
-$92,439
Net Assets
$679,770
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $25,516
100%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $115,000
97.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $679,870
Total Liabilities $100
Net Assets $679,770
Compensation
Key Employees and Officers Compensation Other
Vito R Verni (President/Di) $0 $0
Mary Verni (Vp/Director) $0 $0
John A Verni (Secretary/Di) $0 $0
Christopher T Verni (Treasurer/Di) $0 $0

Document Links

Fiscal Year Ending Oct.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$13,694
Expenses
$94,726
Net Income
-$81,032
Net Assets
$772,209
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $13,694
100%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $86,000
90.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $772,471
Total Liabilities $262
Net Assets $772,209
Compensation
Key Employees and Officers Compensation Other
Vito R Verni (President) $0 $0
Mary Verni (Director) $0 $0
John A Verni (Director) $0 $0
Christopher T Verni (Director) $0 $0

Document Links

Fiscal Year Ending Oct.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$102,500
Expenses
$100,727
Net Income
$1,773
Net Assets
$849,974
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $102,500
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $92,500
91.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $850,074
Total Liabilities $100
Net Assets $849,974

Document Links

Fiscal Year Ending Oct.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$16,144
Expenses
$83,378
Net Income
-$67,234
Net Assets
$848,201
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,500
15.5%
Interest Revenue $13,644
84.5%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $80,500
96.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $848,574
Total Liabilities $373
Net Assets $848,201

Document Links

Fiscal Year Ending Oct.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$215,088
Expenses
$100,887
Net Income
$114,201
Net Assets
$916,822
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $200,000
93.0%
Interest Revenue $15,088
7.0%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $98,000
97.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $917,214
Total Liabilities $392
Net Assets $916,822

Document Links

Fiscal Year Ending Oct.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Oct.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Oct.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Oct.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Oct.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Oct.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Oct.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

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Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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