Thomas F and Anita J Veldman Family Foundation Inc
Only null% goes to programs Strong reserves Declining revenue
Thomas F and Anita J Veldman Family Foundation Inc is a 501(c)(3) organization based in South Bend, Indiana, registered in 2015, with $5,576,672 in FY2024 revenue. CharityIndex grades it B.
1103 N Notre Dame Ave, South Bend, IN, 46617 EIN 47-1250013 Since 2015
Revenue (FY2024)
$5.6M
▲ 52.8% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$3.7M
Net assets
$87.0M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—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 Thomas F and Anita J Veldman Family Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating283 mo reserves · +34% 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 Thomas F and Anita J Veldman Family Foundation Inc: 283 mo reserves · +34% margin earns a B+ 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 Thomas F and Anita J Veldman Family Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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 Thomas F and Anita J Veldman Family Foundation Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1103 N Notre Dame Ave, South Bend, IN, 46617
- City
- South Bend
- State
- Indiana
- Subcategory
- Private Foundations
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $936K (FY2020) to $5.6M (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $87.0M
Operating margin
33.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$87.0M
Total liabilities
$0
Net assets
$87.0M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $5,576,672▲52.8% | $3,695,319▼45.0% | $87,014,800▲0.9% | $87,014,800▲0.9% | 990PF |
| 2023 | $3,650,506▼72.1% | $6,722,328▲236% | $86,238,848▼3.9% | $86,246,518▼3.9% | 990PF |
| 2022 | $13,095,642▼84.1% | $1,998,908▲4706% | $89,756,200▲13.4% | $89,756,200▲13.4% | 990PF |
| 2021 | $82,131,021▲8671% | $41,592▼91.3% | $79,157,616▲924% | $79,157,616▲924% | 990PF |
| 2020 | $936,405 | $479,998 | $7,732,364 | $7,732,364 | 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.
Leadership & compensation (FY2024)
Highest-paid: Julia Veldman Harris — $4,877 (0.13% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Julia Veldman Harris | Treasurer & Executive Director | 30 | $4,877 |
| Anita J Veldman | Secretary & Director | 1 | — |
| Peter B Veldman | Director | 1 | — |
| Thomas F Veldman | President & Director | 1 | — |
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Frequently asked questions
- Is Thomas F and Anita J Veldman Family Foundation Inc a legitimate nonprofit?
- Yes. Thomas F and Anita J Veldman Family Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 47-1250013, based in South Bend, Indiana. Donations are tax-deductible.
- What is Thomas F and Anita J Veldman Family Foundation Inc's EIN?
- Thomas F and Anita J Veldman Family Foundation Inc's Employer Identification Number (EIN) is 47-1250013.
- How much revenue does Thomas F and Anita J Veldman Family Foundation Inc report?
- Thomas F and Anita J Veldman Family Foundation Inc reported $5,576,672 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Thomas F and Anita J Veldman Family Foundation Inc have?
- CharityIndex grades Thomas F and Anita J Veldman Family Foundation Inc B, based on financial health (reserves and operating margin).
- How much does Thomas F and Anita J Veldman Family Foundation Inc's highest-paid employee make?
- The highest reported compensation on Thomas F and Anita J Veldman Family Foundation Inc's latest Form 990 is $4,877, paid to Julia Veldman Harris (Treasurer & Executive Director).
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Data for Thomas F and Anita J Veldman Family Foundation Inc (EIN 47-1250013) 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.