Verbena Foundation in Wilmington, Delaware (DE)

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Verbena Foundation
Employer Identification Number (EIN)516508162
Name of OrganizationVerbena Foundation
In Care of NameWilmington Trust Company
Address1100 North Market Street, Wilmington, DE 19890-0900
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date07/1998
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCooperative
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$25,000 to $99,999
Income$10,000 to $24,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$50,738
Amount of Income$15,062
Form 990 Revenue Amount$121
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations


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Amount of income in 2013: $15,062 (it was $75,916 in 2012)
This organization: 

 $15,062
Other organizations performing similar types of work: 

 $120,160

Assets in 2013: $50,738 (it was $60,980 in 2012)
This organization: 

 $50,738
Other organizations performing similar types of work: 

 $450,518

Expenses in 2013: $25,303
This organization: 

 $25,303
Other organizations performing similar types of work: 

 $61,287

Income to expenses ratio in 2013: 0.6
Verbena Foundation: 

 0.6
Other organizations performing similar types of work: 

 7.3

Grants share in income in 2013: 99.6%
This organization: 

 99.6%
Other organizations performing similar types of work: 

 8.9%

Financial snapshot ($)

Revenue for 2013

Expenses for 2013

Analysis of Revenue and Expenses (for 2013)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$15,062$62$0
Contributions, gifts, grants, etc., received$15,000
Interest on savings and temporary cash investments$62
Dividends and interest from securities$0
Gross rents$0
Gross sales price for all assets$0
Gross profit from sales of goods$0
Other income$0
Total expenses and disbursements$25,303$203$0$25,100
Compensation of officers, directors, trustees, etc.$3
Pension plans, employee benefits$0
Legal fees$200
Accounting fees$100
Interest$0
Depreciation$0
Occupancy$0
Travel, conferences, and meetings$0
Printing and publications$0
Total operating and administrative expenses$303$203$100
Contributions, gifts, grants paid$25,000
Excess of revenue over expenses and disbursements$-10,241
Net investment income$0
Adjusted net income$0
Balance Sheets
201120122013
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$10,965$10,965$60,980$60,980$50,738$50,738
Cash - non-interest-bearing$0$0$0
Investments-U.S. and state government obligations$0$0$0
Investments-corporate stock$0$0$0
Investments-corporate bonds$0$0$0
Investments-mortgage loans$0$0$0
Investments-other$0$0$0
Other assets$0$0
Total liabilities$0$0$0
Total liabilities and net assets/fund balances$10,965$60,980$50,738
Capital Gains and Losses for Tax on Investment Income
201120122013
Capital gain net income$0$0$0
Net capital loss$0$0$0
Excise Tax Based on Investment Income
201120122013
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNoNo
Tax based on investment income$1$0$0
Total credits and payments$0$0$0
Any penalty for underpayment of estimated tax$0$0$0
Tax due$0$0
Overpayment$0$0
Amount to be credited to next year's estimated tax$0$0$0
Statements Regarding Activities
201120122013
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?NoNoNo
Has the foundation engaged in any activities that have not previously been reported to the IRS?NoNo
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?NoNo
Has the foundation filed a tax return on Form 990-T for this year?NoNo
Was there a liquidation, termination, dissolution, or substantial contraction during the year?NoNoNo
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?YesYes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?NoNoNo
Did any persons become substantial contributors during the tax year?NoNo
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?NoNo
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?YesYes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041NoNo
Statements Regarding Activities for Which Form 4720 May Be Required
201120122013
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoNoNo
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?NoNoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?NoNoNo
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?NoNoNo
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNoNo
Agree to pay money or property to a government official?NoNoNo
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?NoNo
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?NoNo
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?NoNoNo
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?NoNo
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?NoNoNo
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?NoNoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNoNo
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?NoNo
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?NoNoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNoNo
Provide a grant to an individual for travel, study, or other similar purposes?NoNoNo
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?NoNoNo
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNoNo
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?NoNo
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
Minimum Investment Return
201120122013
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$68,217$13,057$56,300
Net value of noncharitable-use assets$12,861$55,455
Minimum investment return$3,360$643$2,773
Distributable Amount
201120122013
Distributable amount$3,359$643$2,773
Undistributed Income
201120122013
Distributable amount for this year$3,359$643$2,773
Undistributed income for this year. This amount must be distributed in the next year$0$0$0
Private Operating Foundations (for 2010 - 2013)
2013201220112010Total
The lesser of the adjusted net income or the minimum investment return$0$0$0$0$0
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$0$0$0$0$0
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
Supplementary Information (for 2013)
Grants approved for future payment$0
Analysis of Income-Producing Activities (for 2013)
AmountRelated or exempt function income
Program service revenue
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$62$0
Dividends and interest from securities$0$0
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
CashNo
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Anne Anastasi Charitable FoundationFoundation Source 501 Silverside Rd, Wilmington, DE 19809DE1998-11$6,831,453
2The@joseph And Catherine Johnson Family Foundation501 Silverside Rd Ste 123, Wilmington, DE 19809-1377DE1998-07$3,627,415
3Charles F Colao Animal Welfare Fund Inc34704 Michelle Dr, Rehoboth Bch, DE 19971-9404DE1997-07$3,267,155
4Winky Foundation Tr1100 N Market St, Wilmington, DE 19890-0001DE1998-07$2,505,307
5Hammonds Family Foundation1007 Barley Mill Rd, Wilmington, DE 19807-2221DE1998-11$1,360,111
6The Robert And Audrey Talbott Foundation501 Silverside Rd Ste 123, Wilmington, DE 19809-1377DE1995-04$1,332,134
7Newcity Foundation, Ferguson Richard A TteeFoundation Source 501 Silverside Rd, Wilmington, DE 19809DE1998-06$1,329,554
8Pinkerton FoundationFoundation Source 501 Silverside Rd, Wilmington, DE 19809DE1995-03$1,218,805
9Patterson Family FoundationBrandywine Trust Co, Hockessin, DE 19707DE1998-07$951,254
10James And Chantal Sheridan FoundationC/O Chapel York1000 N West St, Wilmington, DE 19801DE1997-10$878,697
11Paul T And Aili R Jeffries Foundation200 Bellevue Pkwy Ste 220, Wilmington, DE 19809-3727DE1998-11$693,732
12Patrick Foundation Tr, Patrick John R & Joane M TteeFoundation Source 501 Silverside Rd, Wilmington, DE 19809DE1998-09$617,573
13Victory Fdn, Ttee 42006 01100 N Market St, Wilmington, DE 19890-0001DE1997-11$258,952
14Wmr Fam Foundation Tr, Russell Margaret Ann Ttee1100 N Market St, Wilmington, DE 19890-0001DE1998-07$249,648
15Wakefield Family Fund IncPO BOX 3880, Wilmington, DE 19807-0880DE1997-09$60,611
16Verbena Foundation1100 North Market Street, Wilmington, DE 19890-0900DE1998-07$15,062
17Seed Corn Foundation Tr1100 North Market Street, Wilmington, DE 19890-0001DE1998-07$2,233
18Sonecha Foundation Tr, Sonecha Jay N & Kashmira Co-Ttees220 Continental Dr Ste 410, Newark, DE 19713-4315DE1997-05$1,757
19The Synergy Foundation1100 North Market Street, Wilmington, DE 19890-0001DE1998-07$1,171
20Miraj Foundation109 Walnut Ridge Road, Greenville, DE 19807DE1993-04$1
Number of organizations performing similar types of work
Alaska3
Alabama54
Arkansas18
Arizona59
California546
Colorado120
Connecticut79
District of Columbia27
Delaware43
Florida350
Georgia158
Hawaii18
Iowa57
Idaho23
Illinois317
Indiana81
Kansas53
Kentucky41
Louisiana50
Massachusetts113
Maryland112
Maine18
Michigan202
Minnesota97
Missouri73
Mississippi27
Montana8
North Carolina155
North Dakota2
Nebraska42
New Hampshire19
New Jersey213
New Mexico23
Nevada42
New York524
Ohio206
Oklahoma52
Oregon60
Pennsylvania239
Rhode Island33
South Carolina40
South Dakota12
Tennessee49
Texas377
Utah46
Virginia120
Vermont7
Washington88
Wisconsin89
West Virginia9
Wyoming19
International12
Total5,225

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