VERENA FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
VERENA FOUNDATION (EIN 26-0129922)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-06
IRS object ID
202533109349101433
Schema version
2024v5.0
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)
Return2025-11-06T13:46:14-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN204930888PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MENDEZ CPA GROUP LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12155 CORAL WAYAddressLine1Txt
CityMIAMICityNm
State AbbreviationFLStateAbbreviationCd
ZIP33145ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

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
Phone3056748388PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line18168 NW 17TH MANORAddressLine1Txt
CityPLANTATIONCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33322ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonHARTMUT PORSCHPersonNm
Person TitleDIRECTORPersonTitleTxt
Phone3056748388PhoneNum
Signature2025-09-25SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonEDUARDO MENDEZPreparerPersonNm
PTINP00541677PTIN
Phone3057422800PhoneNum
Preparation2025-11-06PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
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$172,890ContriRcvdRevAndExpnssAmt
Total Rev And Expnss$172,890TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
Oth Empl Slrs Wgs Rev And Expnss$7,650OthEmplSlrsWgsRevAndExpnssAmt
Oth Empl Slrs Wgs Dsbrs Chrtbl$7,650OthEmplSlrsWgsDsbrsChrtblAmt
Other Prof Fees Rev And Expnss$4,050OtherProfFeesRevAndExpnssAmt
Deprec And Dpltn Rev And Expnss$583DeprecAndDpltnRevAndExpnssAmt
Trav Conf Meeting Rev And Expnss$5,684TravConfMeetingRevAndExpnssAmt
Other Expenses Rev And Expnss$3,391OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$21,358TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$7,650TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$178,150ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$178,150ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$199,508TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$185,800TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$26,618ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$3,371CashBOYAmt
Cash EOY$12,226CashEOYAmt
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$160,186OtherInvestmentsBOYAmt
Other Investments EOY$160,186OtherInvestmentsEOYAmt
Land Bldg Equip Cost Or Other Bss$22,738LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$11,053LandBldgEquipAccumDeprecAmt
Land BOY$12,268LandBOYAmt
Land EOY$11,685LandEOYAmt
Total Assets BOY$2,172,732TotalAssetsBOYAmt
Total Assets EOY$2,181,004TotalAssetsEOYAmt
Total Assets EOYFMV$0TotalAssetsEOYFMVAmt
Loans From Officers BOY$109,174LoansFromOfficersBOYAmt
Loans From Officers EOY$144,064LoansFromOfficersEOYAmt
Total Liabilities BOY$109,174TotalLiabilitiesBOYAmt
Total Liabilities EOY$144,064TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$2,063,558RetainedEarningBOYAmt
Retained Earning EOY$2,036,940RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$2,063,558TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,036,940TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,172,732TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,181,004TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,063,558TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$26,618ExcessRevenueOverExpensesAmt
Subtotal$2,036,940SubtotalAmt
Tot Net Ast Or Fund Balances EOY$2,036,940TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt

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
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
Website AddressNAWebsiteAddressTxt
Individual With BooksHARTMUT PORSCHIndividualWithBooksNm
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
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
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
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1GRANTSDescription1Txt
Expenses1$178,150Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$10,799AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$2,179,869FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,190,668TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$2,190,668AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$32,860CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,157,808NetVlNoncharitableAssetsAmt
Minimum Investment Return$107,890MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$107,890MinimumInvestmentReturnAmt
Distributable Before Adj$107,890DistributableBeforeAdjAmt
Distributable Before Ded$107,890DistributableBeforeDedAmt
Distributable As Adjusted$107,890DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$185,800ExpensesAndContributionsAmt
Qualifying Distributions$185,800QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$107,890DistributableAsAdjustedAmt
Undistributed Income PY$30,088UndistributedIncomePYAmt
Qualifying Distributions$185,800QualifyingDistributionsAmt
Applied To Year1$30,088AppliedToYear1Amt
Applied To Current Year$107,890AppliedToCurrentYearAmt
Remaining Distri From Corpus$47,822RemainingDistriFromCorpusAmt
Total Corpus$47,822TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$47,822ExcessDistriCyovToNextYrAmt
Excess From Current Year$47,822ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerHARTMUT PORSCHContributingManagerNm
Shareholder ManagerHARTMUT PORSCHShareholderManagerNm

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
Recipient Email AddressVERENAFOUNDATION@GMAIL.COMRecipientEmailAddressTxt
Form And Info And MaterialsMAIL OR E-MAIL VERENAFOUNDATION@GMAIL.COMFormAndInfoAndMaterialsTxt
Submission DeadlinesNONESubmissionDeadlinesTxt
Restrictions On AwardsARTS AND EDUCATED RELATEDRestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonELIZABETH AYAFORRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line123 SW 3RD STAddressLine1Txt
CityPOMPANO BEACHCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33060ZIPCd
FieldValueIRS element (for citing)
Grant Or Contribution PurposeMEDICAL GRANTGrantOrContributionPurposeTxt
Amt$178,150Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$178,150TotalGrantOrContriPdDurYrAmt

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonHARTMUT PORSCHContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line123 SW 3RD STAddressLine1Txt
CityPOMPANO BEACHCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33060ZIPCd
FieldValueIRS element (for citing)
Total Contributions$172,890TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Compensation Explanation CompensationExplanation

Compensation Explanation CompensationExplanationGrp

FieldValueIRS element (for citing)
PersonHARTMUT PORSCHPersonNm
Short ExplanationDIRECTORShortExplanationTxt

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp

FieldValueIRS element (for citing)
PropertyLEASEHOLD IMPROVEMENTS 3026PropertyDesc
Acquired2013-12-31AcquiredDt
Cost Or Other Basis$22,738CostOrOtherBasisAmt
Prior Year Depreciation$10,470PriorYearDepreciationAmt
Computation MethodS/LComputationMethodTxt
Life39.0000LifeRt
Current Year Expense$583CurrentYearExpenseAmt

Investments Land Schedule2 InvestmentsLandSchedule2

Investment Land InvestmentLandGrp

FieldValueIRS element (for citing)
Category Or ItemLAND HOLDING BALAMCategoryOrItemTxt
Cost Or Other Basis$1,996,907CostOrOtherBasisAmt
Book Value$1,996,907BookValueAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (4 entries)

Category Or ItemCategoryOrItemTxtBook ValueBookValueAmt
ZIMBADWE LAND$10,660
PAINTINGS AND FRAMES$57,569
ZIMBADWE ART CENTER$43,720
ART WORK$48,237

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp

FieldValueIRS element (for citing)
Category Or ItemLEASEHOLD IMPROVEMENTSCategoryOrItemTxt
Cost Or Other Basis$22,738CostOrOtherBasisAmt
Accumulated Depreciation$11,053AccumulatedDepreciationAmt
Book Value$11,685BookValueAmt

Loans From Officers Schedule LoansFromOfficersSchedule

Loans From Officer LoansFromOfficerGrp (2 entries)

TitleTitleTxtBalance DueBalanceDueAmt
HARMUT PORSH
DIRECTOR$122,578
BALAM INVESTMENTS
$21,486

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
BANK SERVICES CHARGES$1,956
UTILITIES$123
OTHER EXPENSES$1,312

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryASSISTANT ELIZABETH AYAFORCategoryTxt
Amt$4,050Amt

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