The Verrazano Foundation

990EZ • Fiscal year 2013 • EIN 01-0729147

Jul 01, 2012 to Jun 30, 2013 • Filed on May 15, 2014

Organization Profile www.verrazanofoundation.org

337 Bement Ave10310

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

0.19x

Higher debt load relative to assets than 81% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

0.63x

Higher debt load relative to revenue than 93% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

-141%

Higher net margin than 3% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

No value available

This filing does not contain officer compensation rows.

Source year 2013

-35%

Faster asset growth than 13% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

-72%

Faster revenue growth than 4% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

Balance Sheet

Liabilities / Assets81st percentile

Assets

Down

$21,467

Down $11,775 (-35%) from 2012

Net Assets

Down

$17,479

Down $8,940 (-34%) from 2012

Liabilities

Down

$3,988

Down $2,835 (-42%) from 2012

Revenue And Expenses

Liabilities / Revenue93rd percentile Net Margin3rd percentile

Revenue

Down

$6,331

Down $15,978 (-72%) from 2012

Expenses

Down

$15,271

Down $3,330 (-18%) from 2012

Net Income

Down

-$8,940

Down $12,648 (-341%) from 2012

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

Highlighted filing

2013

Assets$21,467

Liabilities$3,988

Net Assets$17,479

Open 2013 Filing

Operations Trend

Revenue Growth4th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

Highlighted filing

2013

Revenue$6,331

Expenses$15,271

Net Income-$8,940

Open 2013 Filing

Jump To

Filing Snapshot

Filing Period: Jul 1, 2012 to Jun 30, 2013
Signed: May 15, 2014
Return Version: 2012v2.0

Mission and Program Overview

Mission

To advance the process of recovery from mental illness by strengthening the involvement of consumers and their families in the planning and delivery of services, by reducing stigma, and by increasing participation of persons with mental illness in the normal activites of life.

Filing and Contact Details

Filer

EIN: 01-0729147

Raw XML Appendix179 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path	#	Value
IRS990EZ/ActivitiesNotPreviouslyRpt	0	false
IRS990EZ/CashSavingsAndInvestments/BOY	0	29942
IRS990EZ/CashSavingsAndInvestments/EOY	0	21177
IRS990EZ/CostOfGoodsSold	0	24671
IRS990EZ/CostOtherBasisAndSalesExpenses	0	0
IRS990EZ/DidOrgFileForm1120POLThisYear	0	false
IRS990EZ/DoesOrgHaveHospital	0	false
IRS990EZ/EngagedInExcessBenefitTrans	0	false
IRS990EZ/EngageInLobbyingActivities	0	false
IRS990EZ/EngagePoliticalCmpgnActivities	0	false
IRS990EZ/ExcessOrDeficitForYear	0	-8940
IRS990EZ/FeesAndOthPymtToIndContractors	0	2100
IRS990EZ/FiledScheduleA	0	true
IRS990EZ/ForeignFinancialAccount	0	false
IRS990EZ/ForeignOffice	0	false
IRS990EZ/Form720Filed	0	false
IRS990EZ/FundraisingGrossIncome	0	0
IRS990EZ/GroProfitLossSalesOfInventory	0	6331
IRS990EZ/GrossReceipts	0	31002
IRS990EZ/GrossReceiptsForPublicUse	0	0
IRS990EZ/GrossReceiptsLessThan25000	0	X
IRS990EZ/GrossSalesOfInventory	0	31002
IRS990EZ/InfoInScheduleOPartI	0	X
IRS990EZ/InfoInScheduleOPartII	0	X
IRS990EZ/InfoInScheduleOPartV	0	X
IRS990EZ/InitiationFeesAndCapitalContri	0	0
IRS990EZ/MadeChangesToOrgnzngEtcDoc	0	false
IRS990EZ/MadeLoansToFromOfficers	0	false
IRS990EZ/MaintainAnyDonorAdvisedFunds	0	false
IRS990EZ/MethodOfAccountingAccrual	0	X
IRS990EZ/NetAssetsOrFundBalances/BOY	0	26419
IRS990EZ/NetAssetsOrFundBalancesBOY	0	26419
IRS990EZ/NetAssetsOrFundBalances/EOY	0	17479
IRS990EZ/NetAssetsOrFundBalancesEOY	0	17479
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	0	1.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	1	1.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	2	1.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	3	40.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	0	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	1	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	2	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	3	10000
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	0	FRANCISCO LUGOVINA
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	1	WILLIAM WINGATE
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	2	DORIS SCHUELER
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	3	KENNETH BYALIN
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	0	Director
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	1	Treasurer
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	2	Vice President
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	3	President
IRS990EZ/OperatingSchool	0	false
IRS990EZ/Organization501c3	0	X
IRS990EZ/OrganizationDissolvedEtc	0	false
IRS990EZ/OrganizationFiled990T	0	false
IRS990EZ/OrganizationHadUBI	0	false
IRS990EZ/OtherAssetsTotal/BOY	0	3300
IRS990EZ/OtherAssetsTotal/EOY	0	290
IRS990EZ/OtherExpensesTotal	0	3102
IRS990EZ/PartVIAHghstPaidCntrctProfSer	0	NONE
IRS990EZ/PartVIOfCompOfHighestPaidEmpl	0	NONE
IRS990EZ/PrimaryExemptPurpose	0	TO ADVANCE THE PROCESS OF RECOVERY FROM MENTAL ILLNESS BY STRENGTHENING THE INVOLVEMENT OF CONSUMERS AND THEIR FAMILIES IN THE PLANNING AND DELIVERY OF SERVICES, BY REDUCING STIGMA, AND BY INCREASING PARTICIPATION OF PERSONS WITH MENTAL ILLNESS IN THE NORMAL ACTIVITES OF LIFE.
IRS990EZ/PrintingPublicationsPostage	0	69
IRS990EZ/ProgramServiceAccomplishment/DescriptionProgramServiceAccom	0	TO ADVANCE THE PROCESS OF RECOVERY FROM MENTAL ILLNESS BY PROMOTING THE WELFARE OF THE MENTALLY ILL AND BY INCREASING PARTICIPATION OF THESE INDIVIDUALS IN THE NORMAL ACTIVITIES OF LIFE.
IRS990EZ/ProgramServiceAccomplishment/GrantsAndAllocations	0	10000
IRS990EZ/ProhibitedTaxShelterTrans	0	false
IRS990EZ/RelatedOrgControlledEntity	0	false
IRS990EZ/RelatedOrgSection527Org	0	false
IRS990EZ/SalariesOtherCompEmplBenefits	0	10000
IRS990EZ/ScheduleBNotRequired	0	X
IRS990EZ/SpecialEventsDirectExpenses	0	0
IRS990EZ/SubjectToProxyTax	0	false
IRS990EZ/SumOfTotalLiabilities/BOY	0	6823
IRS990EZ/SumOfTotalLiabilities/EOY	0	3988
IRS990EZ/TanningServicesProvided	0	false
IRS990EZ/TheBooksAreInCareOf/AddressUS/AddressLine1	0	777 SEAVIEW AVENUE STATEN ISLAND NY
IRS990EZ/TheBooksAreInCareOf/AddressUS/City	0	STATEN ISLAND
IRS990EZ/TheBooksAreInCareOf/AddressUS/State	0	NY
IRS990EZ/TheBooksAreInCareOf/AddressUS/ZIPCode	0	103053436
IRS990EZ/TheBooksAreInCareOf/NamePerson	0	KENNETH BYALIN
IRS990EZ/TheBooksAreInCareOf/TelephoneNumber	0	7186672832
IRS990EZ/TotalAssets/BOY	0	33242
IRS990EZ/TotalAssets/EOY	0	21467
IRS990EZ/TotalExpenses	0	15271
IRS990EZ/TotalProgramServiceExpenses	0	10000
IRS990EZ/TotalRevenue	0	6331
IRS990EZ/TransactionWithControlEntity	0	false
IRS990EZ/TrnsfrsExemptNonCharRelatedOrg	0	false
IRS990EZ/WebSite	0	www.verrazanofoundation.org
IRS990ScheduleA/AmtsFromSubstContributors/Total	0	0
IRS990ScheduleA/AmtsRecdFromDisqualPersons/Total	0	0
IRS990ScheduleA/First5Years509	0	X
IRS990ScheduleA/GiftsGrantsContribReceived509/CurrentTaxYearMinus1Year	0	5080
IRS990ScheduleA/GiftsGrantsContribReceived509/CurrentTaxYearMinus2Years	0	20961
IRS990ScheduleA/GiftsGrantsContribReceived509/CurrentTaxYearMinus3Years	0	35656
IRS990ScheduleA/GiftsGrantsContribReceived509/CurrentTaxYearMinus4Years	0	38843
IRS990ScheduleA/GiftsGrantsContribReceived509/Total	0	100540
IRS990ScheduleA/GrossInvestmentIncome509/CurrentTaxYearMinus4Years	0	451
IRS990ScheduleA/GrossInvestmentIncome509/Total	0	451
IRS990ScheduleA/GrossReceiptsFromAdmissions/CurrentTaxYearMinus1Year	0	18302
IRS990ScheduleA/GrossReceiptsFromAdmissions/CurrentTaxYearMinus2Years	0	750
IRS990ScheduleA/GrossReceiptsFromAdmissions/CurrentTaxYearMinus3Years	0	205
IRS990ScheduleA/GrossReceiptsFromAdmissions/CurrentTaxYearMinus4Years	0	3737
IRS990ScheduleA/GrossReceiptsFromAdmissions/Total	0	22994
IRS990ScheduleA/GrossReceiptsFromNonUBI/Total	0	0
IRS990ScheduleA/InvestmentIncomeAndUBTI/CurrentTaxYearMinus4Years	0	451
IRS990ScheduleA/InvestmentIncomeAndUBTI/Total	0	451
IRS990ScheduleA/InvestmentIncomePercentage	0	0.00000
IRS990ScheduleA/NetIncomeFromOtherUBI/Total	0	0
IRS990ScheduleA/OtherIncome509/CurrentTaxYearMinus2Years	0	23707
IRS990ScheduleA/OtherIncome509/Total	0	23707
IRS990ScheduleA/Post1975UBTI/Total	0	0
IRS990ScheduleA/PubliclySupportedOrg509a2	0	X
IRS990ScheduleA/PublicSupportPercentage509	0	0.00000
IRS990ScheduleA/PublicSupportTotal509	0	123534
IRS990ScheduleA/TaxRevLeviedForOrgBenefit509/Total	0	0
IRS990ScheduleA/Total509/CurrentTaxYearMinus1Year	0	23382
IRS990ScheduleA/Total509/CurrentTaxYearMinus2Years	0	21711
IRS990ScheduleA/Total509/CurrentTaxYearMinus3Years	0	35861
IRS990ScheduleA/Total509/CurrentTaxYearMinus4Years	0	42580
IRS990ScheduleA/Total509/Total	0	123534
IRS990ScheduleA/TotalSupportTotal/CurrentTaxYearMinus1Year	0	23382
IRS990ScheduleA/TotalSupportTotal/CurrentTaxYearMinus2Years	0	45418
IRS990ScheduleA/TotalSupportTotal/CurrentTaxYearMinus3Years	0	35861
IRS990ScheduleA/TotalSupportTotal/CurrentTaxYearMinus4Years	0	43031
IRS990ScheduleA/TotalSupportTotal/Total	0	147692
IRS990ScheduleA/ValueOfSvcsFcltsFurnishdByGovt/Total	0	0
IRS990ScheduleO/GeneralExplanation/Explanation	0	Sales tax payable - Beginning $317 Sales tax payable - Ending $288
IRS990ScheduleO/GeneralExplanation/Explanation	1	Accounts Payable and Accrued Expenses - Beginning $6506 Accounts Payable and Accrued Expenses - Ending $3700
IRS990ScheduleO/GeneralExplanation/Explanation	2	Inventories - Beginning $2937 Inventories - Ending $0
IRS990ScheduleO/GeneralExplanation/Explanation	3	Machinery and Equipment - Beginning $363 Machinery and Equipment - Ending $290
IRS990ScheduleO/GeneralExplanation/Explanation	4	NYS FILING FEE $25
IRS990ScheduleO/GeneralExplanation/Explanation	5	TELEPHONE $338
IRS990ScheduleO/GeneralExplanation/Explanation	6	Insurance $1004
IRS990ScheduleO/GeneralExplanation/Explanation	7	Depreciation $73
IRS990ScheduleO/GeneralExplanation/Explanation	8	Travel $1662
IRS990ScheduleO/GeneralExplanation/Explanation	9	Client Note 1 - FUNDRAISING EXPENSES: ALL FUNDRAISING ACTIVITIES WERE PERFORMED BY VOLUNTEERS.
IRS990ScheduleO/GeneralExplanation/Identifier	0	Form 990-EZ, Part II, Line 26.1
IRS990ScheduleO/GeneralExplanation/Identifier	1	Form 990-EZ, Part II, Line 26.1001
IRS990ScheduleO/GeneralExplanation/Identifier	2	Form 990-EZ, Part II, Line 24.1010
IRS990ScheduleO/GeneralExplanation/Identifier	3	Form 990-EZ, Part II, Line 24.1003
IRS990ScheduleO/GeneralExplanation/Identifier	4	Form 990-EZ, Part I, Line 16.3
IRS990ScheduleO/GeneralExplanation/Identifier	5	Form 990-EZ, Part I, Line 16.1
IRS990ScheduleO/GeneralExplanation/Identifier	6	Form 990-EZ, Part I, Line 16.1012
IRS990ScheduleO/GeneralExplanation/Identifier	7	Form 990-EZ, Part I, Line 16.1009
IRS990ScheduleO/GeneralExplanation/Identifier	8	Form 990-EZ, Part I, Line 16.1005
IRS990ScheduleO/GeneralExplanation/ReturnReference	0	Total Liabilities.1
IRS990ScheduleO/GeneralExplanation/ReturnReference	1	Total Liabilities.1001
IRS990ScheduleO/GeneralExplanation/ReturnReference	2	Other Assets.1010
IRS990ScheduleO/GeneralExplanation/ReturnReference	3	Other Assets.1003
IRS990ScheduleO/GeneralExplanation/ReturnReference	4	Other Expenses.3
IRS990ScheduleO/GeneralExplanation/ReturnReference	5	Other Expenses.1
IRS990ScheduleO/GeneralExplanation/ReturnReference	6	Other Expenses.1012
IRS990ScheduleO/GeneralExplanation/ReturnReference	7	Other Expenses.1009
IRS990ScheduleO/GeneralExplanation/ReturnReference	8	Other Expenses.1005
ReturnHeader/BuildTS	0	2015-11-30 17:44:51Z
ReturnHeader/Filer/EIN	0	010729147
ReturnHeader/Filer/Name/BusinessNameLine1	0	THE VERRAZANO FOUNDATION
ReturnHeader/Filer/NameControl	0	VERR
ReturnHeader/Filer/Phone	0	3475814147
ReturnHeader/Filer/USAddress/AddressLine1	0	337 BEMENT AVE
ReturnHeader/Filer/USAddress/City	0	STATEN ISLAND
ReturnHeader/Filer/USAddress/State	0	NY
ReturnHeader/Filer/USAddress/ZIPCode	0	10310
ReturnHeader/Officer/AuthorizeThirdParty	0	true
ReturnHeader/Officer/DateSigned	0	2014-05-15
ReturnHeader/Officer/Name	0	KENNETH BYALIN
ReturnHeader/Officer/Title	0	President
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine1	0	Kimerling & Wisdom LLC
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine1	0	150 Broadway Suite 1105
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City	0	New York
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State	0	NY
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode	0	10038
ReturnHeader/Preparer/Name	0	Ross Wisdom CPA
ReturnHeader/Preparer/Phone	0	2129860892
ReturnHeader/ReturnType	0	990EZ
ReturnHeader/TaxPeriodBeginDate	0	2012-07-01
ReturnHeader/TaxPeriodEndDate	0	2013-06-30
ReturnHeader/TaxYear	0	2012
ReturnHeader/Timestamp	0	2014-05-15T12:27:42-07:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990EZFacts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing

Assets: $21,467
Liabilities: $3,988
Net assets: $17,479
Revenue: $6,331
Expenses: $15,271
Net income: -$8,940

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2014Detailed filing. Detailed filing data is available for this year.	$6.72	$2.64	$4.08	$0.00	$13.4	$13.4
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.	$21.5	$3.99	$17.5	$6.33	$15.3	$8.94
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.	$33.2	$6.82	$26.4	$22.3	$18.6	$3.71
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.	$40.2	$17.4	$22.7	$43.9	$18.2	$25.7
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.	$14.0	$17.0	$2.98	$35.9	$47.5	$11.7