Nonprofit · EIN 93-2243274
VERNON FOUNDATION
Tax-exempt · RICHFIELD, OH 44286
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990-EZ | $36,500 | $24,049 | $12,451 | $12,451 | – | $12,451 |
Financial details: 990-EZ for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $36,500
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $4,000
- Other expenses
- $20,049
- Program services (functional)
- $24,049
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $12,451
- Total liabilities, end of year
- –
- Net assets, end of year
- $12,451
- Cash, savings and investments
- $12,451
- Gross receipts
- $36,500
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, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Rainell Vernon I | Board Chairman | 5 | $0 |
| Rainell Vernon II | Vice Chairman | 2 | $0 |
| David Reynolds | Treasurer | 2 | $0 |
| Larry Craig | Board Member | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 533, RICHFIELD, OH 44286-0533
- In care of
- % DR RAINNELL VERNON
- Mailing address (990-N for 2024)
- PO BOX 533, RICHFIELD OH 442860533
- Principal officer (990-N for 2024)
- DR RAINNELL VERNON, PO BOX 533, RICHFIELD OH 442860533
- Signed the 990-EZ
- Gregory Ensley, Accountant
- Return prepared by
- Pivot Enterprises
Mission
The Vernon Family Foundation is a philanthropic organization dedicated to addressing the existential and educational needs of underprivileged individuals in the Greater Cleveland area and beyond.
Program accomplishments
- 1st Annual Women's Health Care Expo where women gained a broad range of health care awareness from breast cancer screenings mental health awareness self awareness and financial literacy.Expenses $15,759 · grants $30,000
- Community City Outreach which Christmas gifts were provided to families that included food clothing and toys.Expenses $8,290
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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-N on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 93-2243274
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T12)
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-N for 2024 Officer: DR RAINNELL VERNON | December 31, 2024 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2023 | $36,500 | $24,049 | $12,451 | XML |
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 93-2243274).
Questions about VERNON FOUNDATION
- What is the EIN of VERNON FOUNDATION?
- The employer identification number (EIN) of VERNON FOUNDATION is 93-2243274.
- Is VERNON FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to VERNON FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VERNON FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of VERNON 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 VERNON FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-N for 2024 for the year ended December 31, 2024.
- Who is the principal officer of VERNON FOUNDATION?
- The 990-N for 2024 names DR RAINNELL VERNON.
- Who are the officers and directors of VERNON FOUNDATION?
- The 990-EZ for the year ended December 31, 2023 lists 4 people; 0 received compensation from the organization.
- How much revenue does VERNON FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2023 it reported revenue of $36,500, expenses of $24,049 and total assets of $12,451 at year end.
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All nonprofits in RICHFIELD · Ohio · Philanthropy, voluntarism and grantmaking foundations