Verna O Canova Foundation is a 501(c)(3) organization based in Marine St Crx, Minnesota, registered in 2014, with $373,715 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$374K
▲ 145.2% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$350K
Net assets
$4.4M
Employees
—
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 Verna O Canova Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Verna O Canova Foundation: 152 mo reserves · +6% margin earns a B+ on this criterion. See the exact thresholds →
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 Verna O Canova Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Verna O Canova Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $177K (FY2015) to $374K (FY2024) across 10 reported years.
Financial snapshot
Operating margin
6.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$4.4M
Total liabilities
$0
Net assets
$4.4M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $373,715▲145% | $349,785▼19.2% | $4,418,838▲0.5% | $4,418,838▲0.5% | 990PF |
| 2023 | $152,417▼11.2% | $432,959▼6.4% | $4,394,908▼6.0% | $4,394,908▼6.0% | 990PF |
| 2022 | $171,723▼75.7% | $462,714▲35.7% | $4,675,450▼5.9% | $4,675,450▼5.9% | 990PF |
| 2021 | $707,588▲571% | $341,014▼31.0% | $4,966,441▲8.0% | $4,966,441▲8.0% | 990PF |
| 2020 | -$150,303▼175% | $494,239▲23.4% | $4,599,867▼12.3% | $4,599,867▼12.3% | 990PF |
| 2019 | $199,961▲8.9% | $400,514▲11.6% | $5,244,409▼3.7% | $5,244,409▼3.7% | 990PF |
| 2018 | $183,607▲15.5% | $358,781▼8.7% | $5,444,962▼3.1% | $5,444,962▼3.1% | 990PF |
| 2017 | $158,941▼3.8% | $393,130▲17.6% | $5,620,136▼4.0% | $5,620,136▼4.0% | 990PF |
| 2016 | $165,160▼6.6% | $334,202▲207% | $5,854,325▼2.8% | $5,854,325▼2.8% | 990PF |
| 2015 | $176,869 | $108,717 | $6,023,367 | $6,023,367 | 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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Data for Verna O Canova Foundation (EIN 46-4135266) 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.