Nonprofit · EIN 82-2328799
VERTUASSETS FOUNDATION INC
Tax-exempt · ALPHARETTA, GA 30009
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,132,128 | $10,161,181 | -$5,029,053 | $11,595,413 | $82,082 | $11,513,331 |
| December 31, 2023 | 990 | $4,943,728 | $11,768,632 | -$6,824,904 | $16,282,082 | $90,300 | $16,191,782 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,264,193
- Program service revenue
- $0
- Investment income
- -$134,107
- Net rental income
- $2,042
- Net gain from sales of assets
- -$152,034
- Other revenue
- $2,042
Expenses
- Grants and similar amounts paid
- $9,805,161
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $10,033
- Program services (functional)
- $10,094,453
- Management and general (functional)
- $66,728
Balance sheet and other
- Total assets, start of year
- $16,282,082
- Total assets, end of year
- $11,595,413
- Total liabilities, end of year
- $82,082
- Net assets, end of year
- $11,513,331
- Land, buildings and equipment
- $1,256,000
- Net assets without donor restrictions
- $11,513,331
- Gross receipts
- $7,707,229
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2017
- State of legal domicile
- GA
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAMELA PUGH | PRESIDENT/DIRECTOR Trustee or director, Officer | 30 | $0 |
| DANA E RING | SECR./TREAS./DIRECTOR Trustee or director, Officer | 2 | $0 |
| RAY TYLER | DIRECTOR Trustee or director | 1 | $0 |
| BRUCE NEUROHR PARTIAL YEAR | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAMELA PUGH | PRESIDENT/DIRECTOR Trustee or director, Officer | 30 | $0 |
| DANA E RING | SECR./TREAS./DIRECTOR Trustee or director, Officer | 2 | $0 |
| RAY TYLER | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 448, ALPHARETTA, GA 30009-0448
- In care of
- % PAM PUGH
- Principal officer (990 for 2024)
- PAMELA PUGH, PO BOX 448, ALPHARETTA, GA 300090448
- Signed the 990
- PAMELA PUGH, PRESIDENT
- Phone
- (678) 753-6040
- Website
- WWW.VERTUASSETS.ORG
- Return prepared by
- NATIONAL CHRISTIAN FOUNDATION INC
Mission
THE ORGANIZATION'S MISSION IS TO ENABLE DONATIONS OF ASSETS TO FUND CAUSES BENEFITING THOSE IN NEED. VERTUASSETS REACHES INDIVIDUALS AND BUSINESSES THAT HAVE A DESIRE TO GIVE CHARITABLY FROM THEIR WEALTH BY DONATING APPRECIATED ASSETS SO THAT MORE FINANCIAL RESOURCES MAY BE GIVEN TO NON PROFIT ORGANIZATIONS.
Program accomplishments
- VERTUASSETS ENABLED DONATIONS OF ASSETS TO FUND CAUSES BENEFITING THOSE IN NEED. VERTUASSETS REACHES INDIVIDUALS AND BUSINESSES THAT HAVE A DESIRE TO GIVE CHARITABLY FROM THEIR WEALTH BY DONATING APPRECIATED ASSETS SO THAT MORE FINANCIAL RESOURCES MAY BE GIVEN TO NON PROFIT ORGANIZATIONS.Expenses $10,094,453 · grants $9,805,161
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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 82-2328799
- 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
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $11,595,413
- Income (IRS master file)
- $7,707,229
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,132,128 | $10,161,181 | $11,595,413 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $4,943,728 | $11,768,632 | $16,282,082 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $37,486,655 | $26,898,148 | $22,054,666 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
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 82-2328799).
Questions about VERTUASSETS FOUNDATION INC
- What is the EIN of VERTUASSETS FOUNDATION INC?
- The employer identification number (EIN) of VERTUASSETS FOUNDATION INC is 82-2328799.
- Is VERTUASSETS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to VERTUASSETS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VERTUASSETS FOUNDATION INC 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 VERTUASSETS FOUNDATION INC 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 VERTUASSETS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of VERTUASSETS FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names PAMELA PUGH.
- Who are the officers and directors of VERTUASSETS FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does VERTUASSETS FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,132,128, expenses of $10,161,181 and total assets of $11,595,413 at year end.
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