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VERIZON FOUNDATION

VERIZON FOUNDATION

Basking Ridge, NJ, US
501(c)3
EIN
13-3319048
Private Foundation
Regional Funder
Logo for "VERIZON FOUNDATION"

VERIZON FOUNDATION

Basking Ridge, NJ, US
501(c)3
EIN
13-3319048
Private Foundation
Regional Funder

Balance Sheet

Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)

$23,768,481

Cash & Equivalents
64%
Investments
35%
Other Assets
<1%
Receivables (Non-Related)
0%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Property, Plant, & Equipment (net)
0%
Liabilities in 2024 (Year End)

$1,326,138

Grants Payable
88%
Payables & Accruals
12%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Other Liabilities
0%
Tax-Exempt Bond Liabilities
N/A
Custodial & Escrow Liabilities
N/A
Assets
2023
2024
Change
Cash & Equivalents
$18,603,512
$15,195,027
-18%
Receivables (Non-Related)
-
-
-
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
$7,103,244
$8,433,955
+19%
Property, Plant, & Equipment (net)
-
-
-
Other Assets
$262,201
$139,499
-47%
Total Assets
$25,968,957
$23,768,481
-8%
Liabilities
2023
2024
Change
Payables & Accruals
$267,941
$164,381
-39%
Grants Payable
$1,338,781
$1,161,757
-13%
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
N/A
N/A
N/A
Custodial & Escrow Liabilities
N/A
N/A
N/A
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$1,606,722
$1,326,138
-17%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$24,362,235
$22,442,343
-8%
Net assets
2023
2024
Change
Net assets
+$24,362,235
+$22,442,343
-8%
Balance Sheet
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