Nonprofit · EIN 26-1083048
VERMA FOUNDATION
Tax-exempt (reinstated) · AUSTIN, TX 78767
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $110,959 | $56,590 | $54,369 | $192,462 | $2,999 | $189,463 |
| December 31, 2023 | 990-EZ | $13,793 | $45,328 | -$31,535 | $137,671 | $2,577 | $135,094 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $104,638
- Investment income
- $2,278
- Net gain from sales of assets
- $4,043
Expenses
- Compensation of officers, directors and key employees
- $0
- Occupancy
- $5,040
- Other expenses
- $51,550
- Program services (functional)
- $56,590
Balance sheet and other
- Total assets, start of year
- $137,671
- Total assets, end of year
- $192,462
- Total liabilities, end of year
- $2,999
- Net assets, end of year
- $189,463
- Cash, savings and investments
- $186,869
- Gross receipts
- $130,213
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHAMA VERMA | Director | 20 | $0 |
| NATASHA VERMA | Director | 20 | $0 |
990-EZ for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHAMA VERMA | Director | 20 | $0 |
| NATASHA VERMA | Director | 20 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 126, AUSTIN, TX 78767-0126
- Mailing address (990-N for 2015)
- 303 CAMINO ARBOLAGO, LAKEWAY TX 787343961
- Principal officer (990-N for 2015)
- SHAMA VERMA, 303 CAMINO ARGOLAGO, LAKEWAY TX 78734
- Signed the 990-EZ
- SHAMA VERMA, Director
- Phone
- (361) 550-8572
- Return prepared by
- Bumgardner Morrison & Company LLP
Mission
DEDICATED TO IMPROVING THE QUALITY OF LIFE FOR PEOPLE WHO ARE FACING ADVERSITY. WE CREATE CUSTOM CAP WIGS AT NO COST FOR WOMEN AND CHILDREN FIGHTING CANCER AND DEALING WITH THE EMOTIONAL SIDE EFFECT OF HAIR LOSS. WE BELIEVE EVERY PATIENT GOING THROUGH CANCER TREATMENT DESERVES ACCESS TO A QUALITY WIG IN WHICH SHE CAN FEEL BEAUTIFUL AND CONFIDENT IN.
Program accomplishments
- WE CREATE CUSTOM CAP WIGS AT NO COST FOR WOMEN AND CHILDREN FIGHTING CANCER AND DEALING WITH THE EMOTIONAL SIDE EFFECT OF HAIR LOSS.Expenses $56,590
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 26-1083048
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $192,462
- Income (IRS master file)
- $130,213
Revocation and reinstatement
- Exemption revoked
- May 15, 2011
- Posted by the IRS
- August 12, 2013
- Reinstated
- Effective May 15, 2011
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $110,959 | $56,590 | $192,462 | XML |
| 990-EZ | December 2023 | $13,793 | $45,328 | $137,671 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-N for 2015 Officer: SHAMA VERMA | December 31, 2015 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-1083048).
Questions about VERMA FOUNDATION
- What is the EIN of VERMA FOUNDATION?
- The employer identification number (EIN) of VERMA FOUNDATION is 26-1083048.
- Is VERMA FOUNDATION tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2011 and reinstated it effective May 15, 2011.
- Are donations to VERMA FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VERMA FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VERMA FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VERMA FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of VERMA FOUNDATION?
- The 990-N for 2015 names SHAMA VERMA.
- Who are the officers and directors of VERMA FOUNDATION?
- The 990-EZ for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does VERMA FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $110,959, expenses of $56,590 and total assets of $192,462 at year end.
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