Verbena Foundation INC

Tax-deductible

Greensboro, NC501(c)(3)ReligionEIN 46-5684692

To offer spiritual direction.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Run by 7 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $31K a year · 11% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$131K
to officers and key staff · 46% of spending
Top officer’s pay higher than 95% of similar orgs
Concern: pay to officers and key staff is 46% of spending; over 30%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $336K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$6K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$192K
-34% vs prior year
Spent
$283K
To programs
98%
Net assets
$312K
By yearFY2020–FY2024
Revenue
$192K
FY2024▼ -34%
Revenue by fiscal year
FY2020$285K
FY2021$434K
FY2022$221K
FY2023$291K
FY2024$192K
Expenses
$283K
FY2024▲ +0.7%
Expenses by fiscal year
FY2020$221K
FY2021$209K
FY2022$275K
FY2023$281K
FY2024$283K
Net assets
$312K
FY2024▼ -23%
Net assets by fiscal year
FY2020$222K
FY2021$447K
FY2022$393K
FY2023$403K
FY2024$312K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $278K Management & general 2% · $5K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

9 people listed on the 990; $131K paid to officers and key staff.

Part VII, Section A · reportable compensation
$131,000Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Frank J Sizemore III’s $131K as Executive Di is at the 95th percentile of top reported officer pay among 2133 $100K–1M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Frank J Sizemore III$131,000$136,000$141,946$121,250$121,250

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Verbena Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Verbena Foundation INC is a religious organization based in Greensboro, NC.

Provided by the organization

This section is blank until Verbena Foundation INC claims this page.

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1 program service account for $278K of program spending, described in the organization's own filed words · FY2024.
01

Educational materials, retreats & prayer support for individuals.

$278Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$336K
See all 3 funders →
Grants paid · 1 grant · $14K · 2023–2023
Unitemized GrantFY2023$13,908

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$192K
Ln 12
Gifts and grantsLn 1h$172K
Investment incomeLn 3$19K
Money outPt IX
$283K
Ln 25
Programscol B$278K
Managementcol C$5K
Owns and owesPt X
$312K
net assets · Ln 32
Cash and savingsLn 1–2$139K
Total assetsLn 16$318K
LiabilitiesLn 26$6K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$172K
Investment incomeLn 3$19K
Gains on assetsLn 7$14K
Total revenueLn 12$192K
Assets in detailPt X, end of year
CashLn 1$139K
Cash and savings togetherLn 1–2$139K
InvestmentsLn 11–13$165K
Total assetsLn 16$318K
LiabilitiesLn 26$6K
Net assetsLn 32$312K
OperationsPt I, VI
EmployeesI 51
VolunteersI 67
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$332K$139K
InvestmentsLn 11–13$72K$165K
Total assetsLn 16$403K$318K
LiabilitiesLn 26$0$6K
Net assetsLn 32$403K$312K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$222K$222K
Payroll taxesLn 10$10K$10K
Accounting feesLn 11c$2K$2K
Investment management feesLn 11f$750$750
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$2K$99$2K
OccupancyLn 16$4K$4K
TravelLn 17$11K$11K
Conferences, conventions and meetingsLn 19$19K$19K
Other expenses (24a–d)Ln 24$7K$7K
All other expensesLn 24e$917$917
Total functional expensesLn 25$283K$278K$5K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $192K$283K−$91K$312K 990 PDF
FY2023 $291K$281K$11K$403K 990 PDF
FY2022 $221K$275K−$54K$393K 990 PDF
FY2021 $434K$209K$225K$447K 990 PDF
FY2020 $285K$221K$64K$222K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $191,822 across 5 lines filed
VIII-1f All other contributions, gifts and grants$172,328
VIII-1h Total contributions, gifts and grants$172,328
VIII-3 Investment incomeExcluded from tax $5,756$5,756
VIII-7 Net gain or loss on sales of assetsRelated to mission $13,738$13,738
VIII-12 Total revenueRelated to mission $13,738 · Excluded from tax $5,756$191,822
Part IX · Statement of functional expenses $282,582 across 11 lines filed
IX-7 Other salaries and wagesPrograms $221,752$221,752
IX-10 Payroll taxesPrograms $10,022$10,022
IX-11c Accounting feesManagement $2,025$2,025
IX-11f Investment management feesManagement $750$750
IX-12 Advertising and promotionPrograms $3,454$3,454
IX-13 Office expensesPrograms $99 · Management $2,155$2,254
IX-16 OccupancyPrograms $4,080$4,080
IX-17 TravelPrograms $10,935$10,935
IX-19 Conferences, conventions and meetingsPrograms $19,105$19,105
IX-24 Other expenses (24a–d)Programs $7,288$7,288
IX-24e All other expensesPrograms $917$917
IX-25 Total functional expensesPrograms $277,652 · Management $4,930 · Fundraising $0$282,582
Part X · Balance sheet $318,241 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $331,590$139,195
X-9 Prepaid expenses and deferred charges$13,752
X-11 Publicly traded securitiesStart of year $71,551$165,294
X-16 Total assetsStart of year $403,141$318,241
X-25 Other liabilities$5,860
X-26 Total liabilitiesStart of year $0$5,860
X-27 Net assets without donor restrictionsStart of year $403,141$312,381
X-32 Total net assets or fund balancesStart of year $403,141$312,381
X-33 Total liabilities and net assetsStart of year $403,141$318,241
Part XI · Reconciliation of net assets $312,381 net assets at year end
XI-1 Total revenue$191,822
XI-2 Total expenses$282,582
XI-3 Revenue less expenses−$90,760
XI-4 Net assets at start of year$403,141
XI-10 Net assets at end of year$312,381

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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