The Veraison Project FY2024 filing

Tax-deductible

Alexandria, VA501(c)(3)Since 2020EducationEIN 85-1942329

We will transform the beverage industry from a field of green potential to a ripe, richly diverse landscape of opportunity and inclusion.

501(c)(3) charity; gifts are tax-deductible.
60¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $10K a year · 5% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
60%
of spending
Worth a look: 60% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $27K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$173K
Spent
$176K
To programs
60%
Net assets
$29K
By yearFY2024–FY2025
Revenue
$173K
FY2024
Revenue by fiscal year
FY2024$173K
FY2025$285K
Expenses
$176K
FY2024
Expenses by fiscal year
FY2024$176K
FY2025$261K
Net assets
$29K
FY2024
Net assets by fiscal year
FY2024$29K
FY2025$53K

From the FY2024 Form 990 · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2020.

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

Where the money goes

60 cents of each dollar spent went to programs.

Program services 60% · $105K Management & general 28% · $49K Fundraising 12% · $21K

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

Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
See The Veraison Project 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

Promotes diversity and inclusion within the beverage industry.

Provided by the organization

This section is blank until The Veraison Project claims this page.

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3 program services account for $108K of program spending, described in the organization's own filed words · FY2024.
01

Future Leaders Program

This program gives Future Leaders unparalleled access to experienced mentors, immersive learning experiences, and sought-after education certifications, creating a recipe for success in this prestigious field.

$76Kprogram expense
02

Bridge Scholars

This award initiative is designed to support individuals starting their careers in the beverage industry.

$32Kprogram expense
03

Apprenticeships

This program allows individuals the opportunity to learn all aspects of the beverage industry in a 6-month or 1-year on-the-job rotation.

Pt IX · col B

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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 1 funder$27K
Grants paid · 1 grant · $12K · 2024–2024
The Hue SocietyFY2024$12,500

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$173K
Ln 12
Gifts and grantsLn 1h$188K
Money outPt IX
$176K
Ln 25
Programscol B$105K
Managementcol C$49K
Fundraisingcol D$21K
Owns and owesPt X
$29K
net assets · Ln 32
Cash and savingsLn 1–2$29K
Total assetsLn 16$29K
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a0
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$188K
Fundraising eventsLn 1c$12K
Total revenueLn 12$173K
Assets in detailPt X, end of year
CashLn 1$29K
Cash and savings togetherLn 1–2$29K
Total assetsLn 16$29K
LiabilitiesLn 26$0
Net assetsLn 32$29K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
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$32K$29K
Total assetsLn 16$32K$29K
LiabilitiesLn 26$0$0
Net assetsLn 32$32K$29K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$12K$12K
Grants to domestic individualsLn 2$32K$32K
Legal feesLn 11b$110$110
Accounting feesLn 11c$113$113
Advertising and promotionLn 12$1K$1K$9
Office expensesLn 13$212$212
TravelLn 17$27K$11K$16K
Conferences, conventions and meetingsLn 19$300$300
InsuranceLn 23$1K$111$1K
Other expenses (24a–d)Ln 24$100K$48K$30K$21K
All other expensesLn 24e$616$616
Total functional expensesLn 25$176K$105K$49K$21K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $285K$261K$24K$53K 990 PDF
FY2024 Viewing $173K$176K−$3K$29K 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 $172,693 across 5 lines filed
VIII-1c Fundraising events$12,000
VIII-1f All other contributions, gifts and grants$187,704
VIII-1h Total contributions, gifts and grants$187,704
VIII-8 Net income from fundraising events−$15,011
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$172,693
Part IX · Statement of functional expenses $175,526 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $12,500$12,500
IX-2 Grants to domestic individualsPrograms $32,000$32,000
IX-11b Legal feesManagement $110$110
IX-11c Accounting feesManagement $113$113
IX-12 Advertising and promotionPrograms $1,458 · Fundraising $9$1,467
IX-13 Office expensesManagement $212$212
IX-17 TravelPrograms $10,879 · Management $16,071$26,950
IX-19 Conferences, conventions and meetingsManagement $300$300
IX-23 InsurancePrograms $111 · Management $1,141$1,252
IX-24 Other expenses (24a–d)Programs $48,432 · Management $30,245 · Fundraising $21,329$100,006
IX-24e All other expensesManagement $616$616
IX-25 Total functional expensesPrograms $105,380 · Management $48,808 · Fundraising $21,338$175,526
Part X · Balance sheet $28,899 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $31,732$28,899
X-16 Total assetsStart of year $31,732$28,899
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $31,732$28,899
X-32 Total net assets or fund balancesStart of year $31,732$28,899
X-33 Total liabilities and net assetsStart of year $31,732$28,899
Part XI · Reconciliation of net assets $28,899 net assets at year end
XI-1 Total revenue$172,693
XI-2 Total expenses$175,526
XI-3 Revenue less expenses−$2,833
XI-4 Net assets at start of year$31,732
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$28,899

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

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