George W Verlander And Cornelia M Verlander Memorial Foundation
George W Verlander And Cornelia M Verlander Memorial Foundation maintains stable assets and zero officer compensation amidst fluctuating revenues.
EIN: 200482028 · Irvington, VA · NTEE: B12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.3M |
| Total Expenses | $777K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $7.7 |
| Net Assets | $7.7M |
| Transparency Score | 95/100 |
Is George W Verlander And Cornelia M Verlander Memorial Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
George W Verlander And Cornelia M Verlander Memorial Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About George W Verlander And Cornelia M Verlander Memorial Foundation
George W Verlander And Cornelia M Verlander Memorial Foundation (EIN: 200482028) is a nonprofit organization based in Irvington, VA, classified under NTEE code B12. The organization reported total revenue of $3.3M and total assets of $7.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of George W Verlander And Cornelia M Verlander Memorial Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
George W Verlander And Cornelia M Verlander Memorial Foundation is a mid-size nonprofit that has been operating for 17 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -7.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $674K |
| Total Expenses | $777K |
| Surplus / Deficit | $-102,163 |
| Total Assets | $7.7M |
| Total Liabilities | $5K |
| Net Assets | $7.7M |
| Operating Margin | -15.1% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 119.0 months |
Financial Health Grade: B
In 2023, George W Verlander And Cornelia M Verlander Memorial Foundation reported a deficit of $102K with expenses exceeding revenue, holds 119.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), George W Verlander And Cornelia M Verlander Memorial Foundation's revenue has declined at a compound annual growth rate (CAGR) of -7.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -23.9% | +6.4% | -1.3% |
| 2022 | -37.2% | +12.0% | +2.1% |
| 2021 | +928.4% | -7.7% | +11.0% |
| 2020 | -87.0% | +14.7% | -7.6% |
| 2019 | +89.9% | +1.2% | +32.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates George W Verlander And Cornelia M Verlander Memorial Foundation with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, George W Verlander And Cornelia M Verlander Memorial Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $102K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no salaries are paid to officers, which is highly efficient for an organization of its asset size ($7.7 million in 2023).
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for George W Verlander And Cornelia M Verlander Memorial Foundation:
- Zero officer compensation reported across all filings, indicating high efficiency.
- Consistent multi-million dollar asset base, demonstrating financial stability.
- Very low liabilities, suggesting minimal debt and strong financial health.
- Stable expense levels, indicating predictable grant-making and operational costs.
- Long history of consistent IRS 990 filings, showing transparency.
Frequently Asked Questions about George W Verlander And Cornelia M Verlander Memorial Foundation
Is George W Verlander And Cornelia M Verlander Memorial Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, George W Verlander And Cornelia M Verlander Memorial Foundation (EIN: 200482028) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does George W Verlander And Cornelia M Verlander Memorial Foundation spend its money?
George W Verlander And Cornelia M Verlander Memorial Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to George W Verlander And Cornelia M Verlander Memorial Foundation tax-deductible?
George W Verlander And Cornelia M Verlander Memorial Foundation is registered as a tax-exempt nonprofit (EIN: 200482028). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the George W Verlander And Cornelia M Verlander Memorial Foundation CEO make?
George W Verlander And Cornelia M Verlander Memorial Foundation's highest-compensated officer earns $7.7 annually. The organization reported $3.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does George W Verlander And Cornelia M Verlander Memorial Foundation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), George W Verlander And Cornelia M Verlander Memorial Foundation is above average for NTEE category B12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is George W Verlander And Cornelia M Verlander Memorial Foundation located?
George W Verlander And Cornelia M Verlander Memorial Foundation is headquartered in Irvington, Virginia and files with the IRS under EIN 200482028. It is classified under NTEE code B12.
How many years of IRS 990 filings does George W Verlander And Cornelia M Verlander Memorial Foundation have?
George W Verlander And Cornelia M Verlander Memorial Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.3M in total revenue.
Is the George W Verlander And Cornelia M Verlander Memorial Foundation a good charity?
As a private grantmaking foundation with consistent assets, low liabilities, and zero officer compensation, it appears to be a highly efficient and well-managed entity focused on its grant-making mission.
How does the foundation manage its administrative costs?
The foundation appears to manage administrative costs exceptionally well, as evidenced by 0% officer compensation reported across all filings, suggesting a volunteer-driven or very lean operational structure.
What is the trend in the foundation's revenue?
The foundation's revenue has shown significant volatility, ranging from $137,218 in 2020 to $1,700,540 in 2011, indicating that its income may be heavily influenced by investment performance or sporadic large contributions.
Filing History
IRS 990 filing history for George W Verlander And Cornelia M Verlander Memorial Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), George W Verlander And Cornelia M Verlander Memorial Foundation's revenue has declined by 60.3%, moving from $1.7M to $674K. Total assets increased by 27.6% over the same period, from $6.0M to $7.7M. Total functional expenses rose by 20.1%, from $646K to $777K. In its most recent filing year (2023), George W Verlander And Cornelia M Verlander Memorial Foundation reported a deficit of $102K, with expenses exceeding revenue. The organization holds $5K in liabilities against $7.7M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $7.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $674K | $777K | $7.7M | $5K | — | View 990 |
| 2022 | $887K | $730K | $7.8M | $5K | — | View 990 |
| 2021 | $1.4M | $651K | $7.6M | $3K | — | View 990 |
| 2020 | $137K | $705K | $6.9M | $5K | — | — |
| 2019 | $1.1M | $615K | $7.4M | $1 | — | View 990 |
| 2015 | $556K | $608K | $5.6M | $1 | — | View 990 |
| 2014 | $680K | $708K | $5.7M | $1 | — | View 990 |
| 2013 | $447K | $598K | $5.7M | $2K | — | View 990 |
| 2012 | $508K | $696K | $5.8M | $1 | — | View 990 |
| 2011 | $1.7M | $646K | $6.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $674K, expenses of $777K, and assets of $7.7M (revenue -23.9% year-over-year).
- 2022: Revenue of $887K, expenses of $730K, and assets of $7.8M (revenue -37.2% year-over-year).
- 2021: Revenue of $1.4M, expenses of $651K, and assets of $7.6M (revenue +928.4% year-over-year).
- 2020: Revenue of $137K, expenses of $705K, and assets of $6.9M (revenue -87.0% year-over-year).
- 2019: Revenue of $1.1M, expenses of $615K, and assets of $7.4M (revenue +89.9% year-over-year).
- 2015: Revenue of $556K, expenses of $608K, and assets of $5.6M (revenue -18.3% year-over-year).
- 2014: Revenue of $680K, expenses of $708K, and assets of $5.7M (revenue +52.3% year-over-year).
- 2013: Revenue of $447K, expenses of $598K, and assets of $5.7M (revenue -12.1% year-over-year).
- 2012: Revenue of $508K, expenses of $696K, and assets of $5.8M (revenue -70.1% year-over-year).
- 2011: Revenue of $1.7M, expenses of $646K, and assets of $6.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for George W Verlander And Cornelia M Verlander Memorial Foundation:
Data Sources and Methodology
This transparency report for George W Verlander And Cornelia M Verlander Memorial Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.