VERENA FOUNDATION: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
VERENA FOUNDATION (EIN 26-0129922)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-11-13
IRS object ID
202323179349102857
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-11-13T15:17:36-05:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1DP ACCOUNTING & TAXBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1348 NE 167TH STREETAddressLine1Txt
CityMiamiCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33162ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN260129922EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1VERENA FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlVEREBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line123 SW 3rd StAddressLine1Txt
CityPompano BeachCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33060ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonHART PORSCHPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone3056748388PhoneNum
Signature2023-04-04SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstHARTPersonFirstNm
Person LastPORSCHPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPRISCILLA MICHELPreparerPersonNm
PTINP01841835PTIN
Phone5612123826PhoneNum
Preparation2023-11-13PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer0TrustedCustomerCd
OOB Security Verification00OOBSecurityVerificationCd
Authentication Assurance LevelAAL2AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$0FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$38,754ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Total Rev And Expnss$38,754TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$2,425AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$3,139OtherProfFeesRevAndExpnssAmt
Deprec And Dpltn Rev And Expnss$583DeprecAndDpltnRevAndExpnssAmt
Occupancy Rev And Expnss$4,410OccupancyRevAndExpnssAmt
Occupancy Dsbrs Chrtbl$4,410OccupancyDsbrsChrtblAmt
Trav Conf Meeting Rev And Expnss$5,086TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Dsbrs Chrtbl$5,086TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss$1,764OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$17,407TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$9,496TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$1,983ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$1,983ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$19,390TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$11,479TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$19,364ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$8,037CashBOYAmt
Cash EOY$12,662CashEOYAmt
Invst Land Cost Or Other Basis$1,996,907InvstLandCostOrOtherBasisAmt
Land Bldg Investments BOY$1,996,907LandBldgInvestmentsBOYAmt
Land Bldg Investments EOY$1,996,907LandBldgInvestmentsEOYAmt
Other Investments BOY$160,185OtherInvestmentsBOYAmt
Other Investments EOY$160,186OtherInvestmentsEOYAmt
Land Bldg Equip Cost Or Other Bss$116,134LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$103,283LandBldgEquipAccumDeprecAmt
Land BOY$13,434LandBOYAmt
Land EOY$12,851LandEOYAmt
Total Assets BOY$2,178,563TotalAssetsBOYAmt
Total Assets EOY$2,182,606TotalAssetsEOYAmt
Total Assets EOYFMV$0TotalAssetsEOYFMVAmt
Loans From Officers BOY$83,187LoansFromOfficersBOYAmt
Loans From Officers EOY$67,866LoansFromOfficersEOYAmt
Total Liabilities BOY$83,187TotalLiabilitiesBOYAmt
Total Liabilities EOY$67,866TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$2,095,376RetainedEarningBOYAmt
Retained Earning EOY$2,114,740RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$2,095,376TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,114,740TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,178,563TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,182,606TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,095,376TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$19,364ExcessRevenueOverExpensesAmt
Subtotal$2,114,740SubtotalAmt
Tot Net Ast Or Fund Balances EOY$2,114,740TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$0TaxBasedOnInvestmentIncomeAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateFLOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityYes (true)OwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Individual With BooksVERENA FOUNDATIONIndividualWithBooksNm
Phone3056748388PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line123 SW 3rd StAddressLine1Txt
CityPompano BeachCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33060ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonHARTMUT PORSCHPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line123 SW 3rd StAddressLine1Txt
CityPompano BeachCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33060ZIPCd
FieldValueIRS element (for citing)
TitleDIRECTORTitleTxt
Average Hrs Per Wk Devoted To Pos20.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
Employee Benefit Program$0EmployeeBenefitProgramAmt
Expense Account Other Allwnc$0ExpenseAccountOtherAllwncAmt
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1GrantsDescription1Txt
Expenses1$1,983Expenses1Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$99AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$703,542FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$703,641TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$703,641AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$10,000CashDeemedCharitableAmt
Net Vl Noncharitable Assets$693,641NetVlNoncharitableAssetsAmt
Minimum Investment Return$34,682MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$34,682MinimumInvestmentReturnAmt
Distributable Before Adj$34,682DistributableBeforeAdjAmt
Distributable Before Ded$34,682DistributableBeforeDedAmt
Distributable As Adjusted$34,682DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$11,479ExpensesAndContributionsAmt
Set Aside Cash Distri Test$21,501SetAsideCashDistriTestAmt
Qualifying Distributions$32,980QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$34,682DistributableAsAdjustedAmt
Undistributed Income PY$32,628UndistributedIncomePYAmt
Qualifying Distributions$32,980QualifyingDistributionsAmt
Applied To Year1$32,628AppliedToYear1Amt
Applied To Current Year$352AppliedToCurrentYearAmt
Undistributed Income CY$34,330UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerHARRT PORSCHContributingManagerNm
Shareholder ManagerNONEShareholderManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonHARTMUT PORSCHRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line123 SW 3rd StAddressLine1Txt
CityPompano BeachCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33060ZIPCd
FieldValueIRS element (for citing)
Recipient Phone3056748388RecipientPhoneNum
Form And Info And MaterialsMAIL OR EMAILVERENAFOUNDATION@GMAIL.COMFormAndInfoAndMaterialsTxt
Submission DeadlinesNONESubmissionDeadlinesTxt
Restrictions On AwardsARTS & EDUCATION RELATEDRestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientForeignAddress/AddressLine1TxtCityRecipientForeignAddress/CityNmProvince Or StateRecipientForeignAddress/ProvinceOrStateNmCountryRecipientForeignAddress/CountryCdRecipient RelationshipRecipientRelationshipTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Paulson Peters Ghana
97 SPINTEX RDACCRAACCRAGHNONESTUDENT FINANCIAL AID$1,700
Jillian Gordon
97 SPINTEX RDACCRAACCRAGHNONEStudent Financial Aid$283
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$1,983TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Program Service Revenue Dtl ProgramServiceRevenueDtl

FieldValueIRS element (for citing)
DescPROPERTY RENTALDesc
Business531110BusinessCd
Exclusion03ExclusionCd

Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp

FieldValueIRS element (for citing)
Exclusion16ExclusionCd

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEECategoryTxt
Amt$2,425Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (6 entries)

PropertyPropertyDescAcquiredAcquiredDtCost Or Other BasisCostOrOtherBasisAmtPrior Year DepreciationPriorYearDepreciationAmtComputation MethodComputationMethodTxtLifeLifeRtCurrent Year ExpenseCurrentYearExpenseAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmt
FURNITURE2006-01-01$72,155$72,155SL7$0$0$0
LEASEHOLD IMPROV2006-01-01$22,738$9,304SL39$583$0$0
OFFICE EQUIPMENT2007-01-01$18,941$18,941SL7$0$0$0
COMPUTER2008-07-01$1,855$1,855M5$0$0$0
COMPUTER2013-07-31$374$374M5$0$0$0
OFFICE EQUIPMENT2015-01-01$71$71SL1$0$0$0

Investments Land Schedule2 InvestmentsLandSchedule2

Investment Land InvestmentLandGrp

FieldValueIRS element (for citing)
Category Or ItemLAND HOLDING BALAMCategoryOrItemTxt
Cost Or Other Basis$1,996,907CostOrOtherBasisAmt
Accumulated Depreciation$0AccumulatedDepreciationAmt
Book Value$1,996,907BookValueAmt
EOYFMV$0EOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (5 entries)

Category Or ItemCategoryOrItemTxtBook ValueBookValueAmtEOYFMVEOYFMVAmt
ZIMBABWE LAND$10,660$0
PAINTINGS AND FRAMES$57,569$0
ZIMBABWE ART CENTER$43,720$0
ART WORK$48,237$0
ARCUEIL$0$0

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp (5 entries)

Category Or ItemCategoryOrItemTxtCost Or Other BasisCostOrOtherBasisAmtAccumulated DepreciationAccumulatedDepreciationAmtBook ValueBookValueAmtEOYFMVEOYFMVAmt
COMPUTERS 3028$1,855$1,855$0$0
OFFICE EQUIPMENT 3027$19,012$19,012$0$0
LEASEHOLD IMPROVEMENTS 3026$22,738$9,887$12,851$0
FURNITURE 3025$72,155$72,155$0$0
COMPUTER 3028$374$374$0$0

Loans From Officers Schedule LoansFromOfficersSchedule

Loans From Officer LoansFromOfficerGrp (2 entries)

TitleTitleTxtLoan OriginalLoanOriginalAmtBalance DueBalanceDueAmtInterestInterestRtConsideration FMVConsiderationFMVAmt
HARTMUT PORSCH
DIRECTOR$0$42,7300$0
BALAM INVESTMENTS
$25,136$25,1360$0

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (6 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
BANK SERVICE CHARGES$240$0$0$0
MARKETING$222$0$0$0
OFFICE EXPENSE$736$0$0$0
LICENSE AND PERMITS$0$0$0$0
BUSINESS EXPENSE$566$0$0$0
TELEPHONE$0$0$0$0

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryPROFESSIONAL FEES OTHERCategoryTxt
Amt$3,139Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

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