Ver-nel Charitable Foundation
Only null% goes to programs Strong reserves Declining revenue
Ver-nel Charitable Foundation is a 501(c)(3) organization based in Selma, Alabama, registered in 1998, with $22,881 in FY2024 revenue. CharityIndex grades it F.
Po Box 799, Selma, AL, 36702 EIN 63-1203030 Since 1998
Revenue (FY2024)
$23K
▼ 13.0% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$39K
Net assets
$472K
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 Ver-nel Charitable 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 rating145 mo reserves · -71% 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 Ver-nel Charitable Foundation: 145 mo reserves · -71% 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 Ver-nel Charitable 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 Ver-nel Charitable 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 799, Selma, AL, 36702
- City
- Selma
- State
- Alabama
- Subcategory
- Private Foundations
Financial trends
Revenue declined from $628K (FY2015) to $23K (FY2024) across 9 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $472K
Operating margin
-71.1%
Spent more than it raised in the latest fiscal year.
Total assets
$472K
Total liabilities
$0
Net assets
$472K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $22,881▼13.0% | $39,142▲6.8% | $472,211▼3.3% | $472,211▼3.3% | 990PF |
| 2023 | $26,288▼10.1% | $36,651▼10.4% | $488,472▼1.4% | $488,472▼1.4% | 990PF |
| 2022 | $29,233▼36.4% | $40,909▲8.0% | $495,335▼2.3% | $495,335▼2.3% | 990PF |
| 2021 | $45,946▲149% | $37,889▼0.8% | $507,011▲1.6% | $507,011▲1.6% | 990PF |
| 2020 | $18,431▼65.0% | $38,197▲2.4% | $498,954▼3.8% | $498,954▼3.8% | 990PF |
| 2019 | $52,605▲206% | $37,319▲12.3% | $518,720▲3.0% | $518,720▲3.0% | 990PF |
| 2018 | $17,194▲2.6% | $33,238▼32.4% | $503,434▼3.1% | $503,434▼3.1% | 990PF |
| 2017 | $16,753▼97.3% | $49,184▲535% | $519,478▼19.7% | $519,478▼19.7% | 990PF |
| 2015 | $628,093 | $7,748 | $647,090 | $647,090 | 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 Ver-nel Charitable Foundation a legitimate nonprofit?
- Yes. Ver-nel Charitable Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 63-1203030, based in Selma, Alabama. Donations are tax-deductible.
- What is Ver-nel Charitable Foundation's EIN?
- Ver-nel Charitable Foundation's Employer Identification Number (EIN) is 63-1203030.
- How much revenue does Ver-nel Charitable Foundation report?
- Ver-nel Charitable Foundation reported $22,881 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Ver-nel Charitable Foundation have?
- CharityIndex grades Ver-nel Charitable Foundation F, based on financial health (reserves and operating margin).
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Data for Ver-nel Charitable Foundation (EIN 63-1203030) 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.