The Verna E Mckibben Memorial Foundation
Only null% goes to programs Strong reserves Declining revenue
The Verna E Mckibben Memorial Foundation is a 501(c)(3) organization based in Detroit, Michigan, registered in 1999, with $6,799 in FY2023 revenue. CharityIndex grades it F.
Po Box 75000, Detroit, MI, 48275 EIN 31-6608261 Since 1999
Revenue (FY2023)
$6,799
▼ 16.9% vs prior year
Philanthropy median: $168K
Expenses (FY2023)
$33K
Net assets
$300K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for The Verna E Mckibben Memorial Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating109 mo reserves · -386% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For The Verna E Mckibben Memorial Foundation: 109 mo reserves · -386% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for The Verna E Mckibben Memorial Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For The Verna E Mckibben Memorial Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 75000, Detroit, MI, 48275
- City
- Detroit
- State
- Michigan
- Subcategory
- Private Foundations
Financial trends
Revenue declined from $31K (FY2013) to $6,799 (FY2023) across 5 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $0Net assets $300K
Operating margin
-385.7%
Spent more than it raised in the latest fiscal year.
Total assets
$300K
Total liabilities
$0
Net assets
$300K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $6,799▼16.9% | $33,025▼2.7% | $299,715▼8.0% | $299,715▼8.0% | 990PF |
| 2022 | $8,185▼91.7% | $33,955▲12.0% | $325,940▼7.4% | $325,940▼7.4% | 990PF |
| 2021 | $99,077▲249% | $30,320▼4.4% | $352,110▲24.3% | $352,110▲24.3% | 990PF |
| 2020 | $28,399▼8.9% | $31,710▲391% | $283,362▼18.9% | $283,362▼18.9% | 990PF |
| 2013 | $31,160 | $6,454▼76.2% | $349,283▲7.6% | $349,283▲7.6% | 990PF |
| 2012 | — | $27,097▼8.2% | $324,577▼3.4% | $324,577▼3.4% | 990PF |
| 2011 | — | $29,530 | $336,012 | $336,012 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is The Verna E Mckibben Memorial Foundation a legitimate nonprofit?
- Yes. The Verna E Mckibben Memorial Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 31-6608261, based in Detroit, Michigan. Donations are tax-deductible.
- What is The Verna E Mckibben Memorial Foundation's EIN?
- The Verna E Mckibben Memorial Foundation's Employer Identification Number (EIN) is 31-6608261.
- How much revenue does The Verna E Mckibben Memorial Foundation report?
- The Verna E Mckibben Memorial Foundation reported $6,799 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does The Verna E Mckibben Memorial Foundation have?
- CharityIndex grades The Verna E Mckibben Memorial Foundation F, based on financial health (reserves and operating margin).
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Data for The Verna E Mckibben Memorial Foundation (EIN 31-6608261) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.