Civic Intelligence

Vergel Foundation

990PF • Fiscal year 2018 • EIN 13-4027930

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 14, 2019

Organization Profile
180 Varick StreetNew York, NY 10014

(212) 255-7744

Siviq Scores

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

Liabilities / Assets

85th percentile

0.04x

Higher debt load relative to assets than 85% of similar nonprofits.

2018 filings • NTEE T • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

86th percentile

0.19x

Higher debt load relative to revenue than 86% of similar nonprofits.

2018 filings • NTEE T • $5M-$10M nonprofits • Source year 2018

Net Margin

80th percentile

64%

Higher net margin than 80% of similar nonprofits.

2018 filings • NTEE T • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

68th percentile

$0

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • NTEE T • $5M-$10M nonprofits • Source year 2018

Asset Growth

80th percentile

13%

Faster asset growth than 80% of similar nonprofits.

2018 filings • NTEE T • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

89th percentile

205%

Faster revenue growth than 89% of similar nonprofits.

2018 filings • NTEE T • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets85th percentile

Assets

Up

$5,670,904

Up $667,892 (+13%) from 2017

Net Assets

Up

$5,438,800

Up $830,614 (+18%) from 2017

Liabilities

Down

$232,104

Down $162,722 (-41%) from 2017

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin80th percentile

Revenue

Up

$1,194,271

Up $802,259 (+205%) from 2017

Expenses

Up

$433,176

Up $172,440 (+66%) from 2017

Net Income

Up

$761,095

Up $629,819 (+480%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth80th percentile

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

$20M$15M$10M$5.0M$0Assets 2010: $2,905,540Liabilities 2010: $775,0892010Assets 2011: $2,802,837Liabilities 2011: $648,664Net Assets 2011: $2,154,1732011Assets 2012: $2,727,588Liabilities 2012: $381,908Net Assets 2012: $2,345,6802012Assets 2013: $3,384,339Liabilities 2013: $0Net Assets 2013: $3,384,3392013Assets 2014: $4,230,527Liabilities 2014: $19,955Net Assets 2014: $4,210,5722014Assets 2015: $4,714,910Liabilities 2015: $0Net Assets 2015: $4,714,9102015Assets 2016: $5,053,736Liabilities 2016: $576,826Net Assets 2016: $4,476,9102016Assets 2017: $5,003,012Liabilities 2017: $394,826Net Assets 2017: $4,608,1862017Assets 2018: $5,670,904Liabilities 2018: $232,104Net Assets 2018: $5,438,8002018Assets 2019: $6,113,621Liabilities 2019: $323,210Net Assets 2019: $5,790,4112019Assets 2020: $6,373,062Liabilities 2020: $243,424Net Assets 2020: $6,129,6382020Assets 2021: $6,317,857Liabilities 2021: $14,759Net Assets 2021: $6,303,0982021Assets 2022: $6,466,659Liabilities 2022: $0Net Assets 2022: $6,466,6592022Assets 2024: $17,544,429Liabilities 2024: $11,998Net Assets 2024: $17,532,4312024

Highlighted filing

2018

Assets$5,670,904
Liabilities$232,104
Net Assets$5,438,800
Open 2018 Filing

Operations Trend

Revenue Growth89th percentile

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

$2.0M$1.0M$0-$1.0MRevenue 2010: $921,776Expenses 2010: $473,009Net Income 2010: $448,7672010Expenses 2011: $243,2182011Expenses 2012: $201,0932012Revenue 2013: $1,544,508Expenses 2013: $505,849Net Income 2013: $1,038,6592013Revenue 2014: $1,232,611Expenses 2014: $406,378Net Income 2014: $826,2332014Revenue 2015: $980,460Expenses 2015: $476,122Net Income 2015: $504,3382015Revenue 2016: $110,566Expenses 2016: $348,566Net Income 2016: -$238,0002016Revenue 2017: $392,012Expenses 2017: $260,736Net Income 2017: $131,2762017Revenue 2018: $1,194,271Expenses 2018: $433,176Net Income 2018: $761,0952018Revenue 2019: $594,767Expenses 2019: $243,156Net Income 2019: $351,6112019Revenue 2020: $1,315,953Expenses 2020: $699,810Net Income 2020: $616,1432020Revenue 2021: $891,776Expenses 2021: $718,316Net Income 2021: $173,4602021Revenue 2022: $742,055Expenses 2022: $578,494Net Income 2022: $163,5612022Revenue 2024: $315,732Expenses 2024: $789,157Net Income 2024: -$473,4252024

Highlighted filing

2018

Revenue$1,194,271
Expenses$433,176
Net Income$761,095
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 14, 2019
Return Version
2018v3.1
Compensation and Service Providers
Top Officer Pay68th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert R LittmanPresidentPT$0--
Sully BonnellyDirector-$0--
John B KoegelTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Vergel Foundation
EIN
13-4027930
Phone
2122557744
Address
180 Varick Street, New York, NY 10014

Signing Officer

Name
John B Koegel
Title
Treasurer
Signed
2019-11-14
Discuss with paid preparer
Yes

Preparer

Firm
Daniel OConnell CPA
Address
159 Bellevue Avenue, Upper Montclair, NJ 07043
Preparer
Daniel O'Connell
Phone
9735090075
Raw XML Appendix312 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
AccountingFeesSchedule/AccountingFeesDetail/AdjustedNetIncomeAmt00
AccountingFeesSchedule/AccountingFeesDetail/Amt01800
AccountingFeesSchedule/AccountingFeesDetail/CategoryTxt0Accounting fees
AccountingFeesSchedule/AccountingFeesDetail/DisbursementsCharitablePrpsAmt01800
AccountingFeesSchedule/AccountingFeesDetail/NetInvestmentIncomeAmt00
GainLossSaleOtherAssetsSch/GainLossSaleOtherAssetGrp/AssetDesc0Works of art
GainLossSaleOtherAssetsSch/GainLossSaleOtherAssetGrp/BasisAmt0556295
GainLossSaleOtherAssetsSch/GainLossSaleOtherAssetGrp/BasisMethodTxt0Cost
GainLossSaleOtherAssetsSch/GainLossSaleOtherAssetGrp/GrossSalesPriceAmt01112591
GainLossSaleOtherAssetsSch/GainLossSaleOtherAssetGrp/HowAcquiredTxt0Purchase
GainLossSaleOtherAssetsSch/GainLossSaleOtherAssetGrp/TotalNetAmt0556296
GeneralExplanationAttachment/GeneralExplanationGrp/FormAndLineReferenceDesc0General Explanation Supplemental Information for Form 990-PF
GeneralExplanationAttachment/GeneralExplanationGrp/MediumExplanationTxt0Form 990-PF, Balance Sheet, Page 2, Line 6The opening balance sheet was corrected for an error in the qualifying distributions made in 2017.
IRS990PF/AnalysisIncomeProducingActyGrp/GainSalesAstOthThanInvntryGrp/RelatedOrExemptFunctionIncmAmt0556296
IRS990PF/AnalysisIncomeProducingActyGrp/IntOnSavAndTempCashInvstGrp/ExclusionCd014
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/Desc0Exhibition fees
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/RelatedOrExemptFunctionIncmAmt0637975
IRS990PF/AnalysisIncomeProducingActyGrp/SubtotalsIncmProducingActyGrp/RelatedOrExemptFunctionIncmAmt01194271
IRS990PF/AnalysisIncomeProducingActyGrp/TotalIncomeProducingActyAmt01194271
IRS990PF/AnalysisOfRevenueAndExpenses/AccountingFeesChrtblPrpsAmt01800
IRS990PF/AnalysisOfRevenueAndExpenses/AccountingFeesRevAndExpnssAmt01800
IRS990PF/AnalysisOfRevenueAndExpenses/ContriPaidDsbrsChrtblAmt00
IRS990PF/AnalysisOfRevenueAndExpenses/ContriPaidRevAndExpnssAmt00
IRS990PF/AnalysisOfRevenueAndExpenses/ExcessRevenueOverExpensesAmt0761095
IRS990PF/AnalysisOfRevenueAndExpenses/GrossSalesPriceAmt01112591
IRS990PF/AnalysisOfRevenueAndExpenses/LegalFeesDsbrsChrtblAmt07996
IRS990PF/AnalysisOfRevenueAndExpenses/LegalFeesRevAndExpnssAmt07996
IRS990PF/AnalysisOfRevenueAndExpenses/NetGainSaleAstRevAndExpnssAmt0556296
IRS990PF/AnalysisOfRevenueAndExpenses/NetInvestmentIncomeAmt00
IRS990PF/AnalysisOfRevenueAndExpenses/OtherExpensesDsbrsChrtblAmt0423380
IRS990PF/AnalysisOfRevenueAndExpenses/OtherExpensesRevAndExpnssAmt0423380
IRS990PF/AnalysisOfRevenueAndExpenses/OtherIncomeRevAndExpnssAmt0637975
IRS990PF/AnalysisOfRevenueAndExpenses/ScheduleBNotRequiredInd0X
IRS990PF/AnalysisOfRevenueAndExpenses/TotalExpensesDsbrsChrtblAmt0433176
IRS990PF/AnalysisOfRevenueAndExpenses/TotalExpensesNetInvstIncmAmt00
IRS990PF/AnalysisOfRevenueAndExpenses/TotalExpensesRevAndExpnssAmt0433176
IRS990PF/AnalysisOfRevenueAndExpenses/TotalNetInvstIncmAmt00
IRS990PF/AnalysisOfRevenueAndExpenses/TotalRevAndExpnssAmt01194271
IRS990PF/AnalysisOfRevenueAndExpenses/TotOprExpensesDsbrsChrtblAmt0433176
IRS990PF/AnalysisOfRevenueAndExpenses/TotOprExpensesNetInvstIncmAmt00
IRS990PF/AnalysisOfRevenueAndExpenses/TotOprExpensesRevAndExpnssAmt0433176
IRS990PF/ChgInNetAssetsFundBalancesGrp/ExcessRevenueOverExpensesAmt0761095
IRS990PF/ChgInNetAssetsFundBalancesGrp/SubtotalAmt05438800
IRS990PF/ChgInNetAssetsFundBalancesGrp/TotNetAstOrFundBalancesBOYAmt04677705
IRS990PF/ChgInNetAssetsFundBalancesGrp/TotNetAstOrFundBalancesEOYAmt05438800
IRS990PF/DistributableAmountGrp/Sect4942j3j5FndtnAndFrgnOrgInd0X
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/AppliedToESTaxAmt026
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/EstimatedPlusOvpmtIncmTxAmt026
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/InvestmentIncomeExciseTaxAmt00
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/OverpaymentAmt026
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/TotalPaymentsAndCreditsAmt026
IRS990PF/FMVAssetsEOYAmt05670904
IRS990PF/Form990PFBalanceSheetsGrp/DeferredRevenueBOYAmt0394826
IRS990PF/Form990PFBalanceSheetsGrp/DeferredRevenueEOYAmt0232104
IRS990PF/Form990PFBalanceSheetsGrp/LandBldgEquipAccumDeprecAmt024581
IRS990PF/Form990PFBalanceSheetsGrp/LandBldgEquipCostOrOtherBssAmt0992081
IRS990PF/Form990PFBalanceSheetsGrp/LandBOYAmt0967500
IRS990PF/Form990PFBalanceSheetsGrp/LandEOYAmt0967500
IRS990PF/Form990PFBalanceSheetsGrp/LandEOYFMVAmt0967500
IRS990PF/Form990PFBalanceSheetsGrp/OrganizationFollowsSFAS117Ind0X
IRS990PF/Form990PFBalanceSheetsGrp/OtherAssetsBOYAmt03888429
IRS990PF/Form990PFBalanceSheetsGrp/OtherAssetsEOYAmt04296962
IRS990PF/Form990PFBalanceSheetsGrp/OtherAssetsEOYFMVAmt04296962
IRS990PF/Form990PFBalanceSheetsGrp/RcvblFromOfficersBOYAmt069519
IRS990PF/Form990PFBalanceSheetsGrp/RcvblFromOfficersEOYAmt0276916
IRS990PF/Form990PFBalanceSheetsGrp/RcvblFromOfficersEOYFMVAmt0276916
IRS990PF/Form990PFBalanceSheetsGrp/SavAndTempCashInvstBOYAmt0147083
IRS990PF/Form990PFBalanceSheetsGrp/SavAndTempCashInvstEOYAmt0129526
IRS990PF/Form990PFBalanceSheetsGrp/SavAndTempCashInvstEOYFMVAmt0129526
IRS990PF/Form990PFBalanceSheetsGrp/TotalAssetsBOYAmt05072531
IRS990PF/Form990PFBalanceSheetsGrp/TotalAssetsEOYAmt05670904
IRS990PF/Form990PFBalanceSheetsGrp/TotalAssetsEOYFMVAmt05670904
IRS990PF/Form990PFBalanceSheetsGrp/TotalLiabilitiesBOYAmt0394826
IRS990PF/Form990PFBalanceSheetsGrp/TotalLiabilitiesEOYAmt0232104
IRS990PF/Form990PFBalanceSheetsGrp/TotalLiabilitiesNetAstBOYAmt05072531
IRS990PF/Form990PFBalanceSheetsGrp/TotalLiabilitiesNetAstEOYAmt05670904
IRS990PF/Form990PFBalanceSheetsGrp/TotNetAstOrFundBalancesBOYAmt04677705
IRS990PF/Form990PFBalanceSheetsGrp/TotNetAstOrFundBalancesEOYAmt05438800
IRS990PF/Form990PFBalanceSheetsGrp/UnrestrictedBOYAmt04677705
IRS990PF/Form990PFBalanceSheetsGrp/UnrestrictedEOYAmt05438800
IRS990PF/MethodOfAccountingAccrualInd0X
IRS990PF/MinimumInvestmentReturnGrp/AdjustedTotalFMVOfUnusedAstAmt0930805
IRS990PF/MinimumInvestmentReturnGrp/AverageMonthlyCashBalancesAmt0138305
IRS990PF/MinimumInvestmentReturnGrp/AverageMonthlyFMVOfSecAmt00
IRS990PF/MinimumInvestmentReturnGrp/CashDeemedCharitableAmt013962
IRS990PF/MinimumInvestmentReturnGrp/FMVAllOtherNoncharitableAstAmt0792500
IRS990PF/MinimumInvestmentReturnGrp/MinimumInvestmentReturnAmt045842
IRS990PF/MinimumInvestmentReturnGrp/NetVlNoncharitableAssetsAmt0916843
IRS990PF/MinimumInvestmentReturnGrp/ReductionClaimedAmt00
IRS990PF/MinimumInvestmentReturnGrp/TotalFMVOfUnusedAssetsAmt0930805
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/CompOfHghstPdCntrctOrNONETxt0NONE
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/CompOfHghstPdEmplOrNONETxt0NONE
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/AverageHrsPerWkDevotedToPosRt015.00
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/CompensationAmt00
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/CompensationAmt10
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/CompensationAmt20
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/ForeignAddress/AddressLine1Txt0Avenue Mexico 151-301
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/ForeignAddress/CityNm0Condesa
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/ForeignAddress/CountryCd0MX
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/ForeignAddress/ForeignPostalCd006100
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm0Robert R Littman
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm1Sully Bonnelly
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm2John B Koegel
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt0President
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt1Director
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt2Treasurer
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt05 East 16th Street
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt1180 Varick Street Suite 1102
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/CityNm0New York
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/CityNm1New York
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/StateAbbreviationCd0NY
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/StateAbbreviationCd1NY
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/ZIPCd010003
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/ZIPCd110014
IRS990PF/Organization501c3ExemptPFInd0X
IRS990PF/PrivateOperatingFoundationsGrp/LessorAdjNetIncmMinInvstRetGrp/CurrentYearAmt00
IRS990PF/PrivateOperatingFoundationsGrp/LessorAdjNetIncmMinInvstRetGrp/TotalAmt0257
IRS990PF/PrivateOperatingFoundationsGrp/LessorAdjNetIncmMinInvstRetGrp/Year1Amt012
IRS990PF/PrivateOperatingFoundationsGrp/LessorAdjNetIncmMinInvstRetGrp/Year2Amt082
IRS990PF/PrivateOperatingFoundationsGrp/LessorAdjNetIncmMinInvstRetGrp/Year3Amt0163
IRS990PF/PrivateOperatingFoundationsGrp/Pct85LessorAdjIncmOrMinRetGrp/TotalAmt0219
IRS990PF/PrivateOperatingFoundationsGrp/Pct85LessorAdjIncmOrMinRetGrp/Year1Amt010
IRS990PF/PrivateOperatingFoundationsGrp/Pct85LessorAdjIncmOrMinRetGrp/Year2Amt070
IRS990PF/PrivateOperatingFoundationsGrp/Pct85LessorAdjIncmOrMinRetGrp/Year3Amt0139
IRS990PF/PrivateOperatingFoundationsGrp/QualifyingDistributionsGrp/CurrentYearAmt0433176
IRS990PF/PrivateOperatingFoundationsGrp/QualifyingDistributionsGrp/TotalAmt01449031
IRS990PF/PrivateOperatingFoundationsGrp/QualifyingDistributionsGrp/Year1Amt0191217
IRS990PF/PrivateOperatingFoundationsGrp/QualifyingDistributionsGrp/Year2Amt0348566
IRS990PF/PrivateOperatingFoundationsGrp/QualifyingDistributionsGrp/Year3Amt0476072
IRS990PF/PrivateOperatingFoundationsGrp/QualifyingDistriMadeDrtGrp/CurrentYearAmt0433176
IRS990PF/PrivateOperatingFoundationsGrp/QualifyingDistriMadeDrtGrp/TotalAmt01449031
IRS990PF/PrivateOperatingFoundationsGrp/QualifyingDistriMadeDrtGrp/Year1Amt0191217
IRS990PF/PrivateOperatingFoundationsGrp/QualifyingDistriMadeDrtGrp/Year2Amt0348566
IRS990PF/PrivateOperatingFoundationsGrp/QualifyingDistriMadeDrtGrp/Year3Amt0476072
IRS990PF/PrivateOperatingFoundationsGrp/Section4942j3Ind0X
IRS990PF/PrivateOperatingFoundationsGrp/TotalAssetsGrp/CurrentYearAmt05670904
IRS990PF/PrivateOperatingFoundationsGrp/TotalAssetsGrp/TotalAmt020442562
IRS990PF/PrivateOperatingFoundationsGrp/TotalAssetsGrp/Year1Amt05003012
IRS990PF/PrivateOperatingFoundationsGrp/TotalAssetsGrp/Year2Amt05053736
IRS990PF/PrivateOperatingFoundationsGrp/TotalAssetsGrp/Year3Amt04714910
IRS990PF/PrivateOperatingFoundationsGrp/TotalAssetsSect4942j3BiGrp/CurrentYearAmt04496962
IRS990PF/PrivateOperatingFoundationsGrp/TotalAssetsSect4942j3BiGrp/TotalAmt016198035
IRS990PF/PrivateOperatingFoundationsGrp/TotalAssetsSect4942j3BiGrp/Year1Amt04088429
IRS990PF/PrivateOperatingFoundationsGrp/TotalAssetsSect4942j3BiGrp/Year2Amt03947572
IRS990PF/PrivateOperatingFoundationsGrp/TotalAssetsSect4942j3BiGrp/Year3Amt03665072
IRS990PF/PrivateOperatingFoundationsGrp/TwoThirdsMinimumInvstRetGrp/TotalAmt00
IRS990PF/QualifyingDistriPartXIIGrp/AdjustedQualifyingDistriAmt0433176
IRS990PF/QualifyingDistriPartXIIGrp/ExpensesAndContributionsAmt0433176
IRS990PF/QualifyingDistriPartXIIGrp/QualifyingDistributionsAmt0433176
IRS990PF/RlnOfActyToAccomOfExmptPrpsGrp/RlnOfActyToAccomOfExmptPrpsGrp/LineNumberTxt011a
IRS990PF/RlnOfActyToAccomOfExmptPrpsGrp/RlnOfActyToAccomOfExmptPrpsGrp/RelationshipStatementTxt0Portions of the collection are exhibited in museums and other institutions to give people throughout the world the opportunity to see the beauty of the works of art.
IRS990PF/StatementsRegardingActy4720Grp/ActsFailToQlfyAsExceptionsInd0false
IRS990PF/StatementsRegardingActy4720Grp/BrrwOrLendDisqualifiedPrsnInd0false
IRS990PF/StatementsRegardingActy4720Grp/BusinessHoldingsInd0false
IRS990PF/StatementsRegardingActy4720Grp/ExcessBusinessHoldingsInd0false
IRS990PF/StatementsRegardingActy4720Grp/FurnGoodsDisqualifiedPrsnInd0false
IRS990PF/StatementsRegardingActy4720Grp/GrantsToIndividualsInd0false
IRS990PF/StatementsRegardingActy4720Grp/GrantsToOrganizationsInd0false
IRS990PF/StatementsRegardingActy4720Grp/InfluenceElectionInd0false
IRS990PF/StatementsRegardingActy4720Grp/InfluenceLegislationInd0false
IRS990PF/StatementsRegardingActy4720Grp/JeopardyInvestmentsInd0false
IRS990PF/StatementsRegardingActy4720Grp/MaintainedExpenditureRspnsInd0false
IRS990PF/StatementsRegardingActy4720Grp/NoncharitablePurposeInd0false
IRS990PF/StatementsRegardingActy4720Grp/PayCompDisqualifiedPrsnInd0false
IRS990PF/StatementsRegardingActy4720Grp/PaymentToGovernmentOfficialInd0false
IRS990PF/StatementsRegardingActy4720Grp/PayPremiumsPrsnlBnftCntrctInd0false
IRS990PF/StatementsRegardingActy4720Grp/ProceedsOrNetIncomeInd0false
IRS990PF/StatementsRegardingActy4720Grp/ProhibitedTaxShelterTransInd0false
IRS990PF/StatementsRegardingActy4720Grp/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990PF/StatementsRegardingActy4720Grp/SaleOrExchDisqualifiedPrsnInd0false
IRS990PF/StatementsRegardingActy4720Grp/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990PF/StatementsRegardingActy4720Grp/TransactionsFailToQlfyAsExcInd0false
IRS990PF/StatementsRegardingActy4720Grp/TransferAstDisqualifiedPrsnInd0false
IRS990PF/StatementsRegardingActy4720Grp/UncorrectedPriorActsInd0false
IRS990PF/StatementsRegardingActy4720Grp/UncorrectedPYJeopardyInvstInd0false
IRS990PF/StatementsRegardingActy4720Grp/UndistributedIncomePYInd0false
IRS990PF/StatementsRegardingActy4720Grp/UndistrIncmSect4942a2NotAppInd0false
IRS990PF/StatementsRegardingActyGrp/ActivitiesNotPreviouslyRptInd0false
IRS990PF/StatementsRegardingActyGrp/AtLeast5000InAssetsInd0true
IRS990PF/StatementsRegardingActyGrp/ChangesToArticlesOrBylawsInd0false
IRS990PF/StatementsRegardingActyGrp/ComplyWithPublicInspRqrInd0true
IRS990PF/StatementsRegardingActyGrp/DonorAdvisedFundInd0false
IRS990PF/StatementsRegardingActyGrp/ForeignAccountsQuestionInd0false
IRS990PF/StatementsRegardingActyGrp/Form1120POLFiledInd0false
IRS990PF/StatementsRegardingActyGrp/Form990PFFiledWithAttyGenInd0true
IRS990PF/StatementsRegardingActyGrp/Form990TFiledInd0false
IRS990PF/StatementsRegardingActyGrp/LegislativePoliticalActyInd0false
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/AddressLine1Txt0180 Varick Street
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/CityNm0New York
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/StateAbbreviationCd0NY
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/ZIPCd010014
IRS990PF/StatementsRegardingActyGrp/MoreThan100SpentInd0false
IRS990PF/StatementsRegardingActyGrp/NewSubstantialContributorsInd0false
IRS990PF/StatementsRegardingActyGrp/OrganizationDissolvedEtcInd0false
IRS990PF/StatementsRegardingActyGrp/OrgReportOrRegisterStateCd0NY
IRS990PF/StatementsRegardingActyGrp/OwnControlledEntityInd0false
IRS990PF/StatementsRegardingActyGrp/PersonsWithBooksName/BusinessNameLine1Txt0John B Koegel
IRS990PF/StatementsRegardingActyGrp/PhoneNum02122557744
IRS990PF/StatementsRegardingActyGrp/PrivateOperatingFoundationInd0true
IRS990PF/StatementsRegardingActyGrp/Section508eRqrSatisfiedInd0true
IRS990PF/StatementsRegardingActyGrp/UnrelatedBusIncmOverLimitInd0false
IRS990PF/StatementsRegardingActyGrp/WebsiteAddressTxt0N/A
IRS990PF/SummaryOfDirectChrtblActyGrp/Description1Txt0The Foundation administers the art collection of the late Jacques & Natasha Gelman. During 2018, portions of the collection were on exhibition at the Museo delle Culture in Milan, Italy, the Victoria & Albert Museum in London, England, and the Zamek Cultural Center in Poznan, Poland. Deposits have been received for future exhibitions in Brooklyn, New York.
IRS990PF/SummaryOfDirectChrtblActyGrp/Expenses1Amt00
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/FormAndInfoAndMaterialsTxt0Letter
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientPersonNm0Vergel Foundation
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientUSAddress/AddressLine1Txt0180 Varick Street Suite 1102
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientUSAddress/CityNm0New York
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientUSAddress/StateAbbreviationCd0NY
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientUSAddress/ZIPCd010014
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RestrictionsOnAwardsTxt0The Foundation generally does not make grants.
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/SubmissionDeadlinesTxt0None
IRS990PF/SupplementaryInformationGrp/OnlyContriToPreselectedInd0X
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/LoansOrLoanGuaranteesInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PerformanceOfServicesEtcInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PurchaseOfAssetsNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/ReimbursementArrangementsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipsNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd0false
LandEtcSchedule2/LandEtcGrp/AccumulatedDepreciationAmt024581
LandEtcSchedule2/LandEtcGrp/BookValueAmt0967500
LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt0Auto./Transportation Equip.
LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt1Buildings
LandEtcSchedule2/LandEtcGrp/CostOrOtherBasisAmt024581
LandEtcSchedule2/LandEtcGrp/CostOrOtherBasisAmt1967500
LandEtcSchedule2/LandEtcGrp/EOYFMVAmt0967500
LegalFeesSchedule/LegalFeesGrp/AdjustedNetIncomeAmt00
LegalFeesSchedule/LegalFeesGrp/CategoryTxt0Legal fees
LegalFeesSchedule/LegalFeesGrp/DisbursementsCharitablePrpsAmt07996
LegalFeesSchedule/LegalFeesGrp/LegalFeesAmt07996
LegalFeesSchedule/LegalFeesGrp/NetInvestmentIncomeAmt00
OtherAssetsSchedule/OtherAssetsScheduleGrp/BOYBookValueAmt03888429
OtherAssetsSchedule/OtherAssetsScheduleGrp/Desc0Artwork
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYBookValueAmt04296962
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYFMVAmt04296962
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0Art documentation
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1Art maintenance
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc2Bank charges
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc3Charitable contribution
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc4Cuernavaca maintenance
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc5Delaware franchise fee
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc6Exhibition expenses
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc7Fine arts insurance
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc8Framing
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc9Miscellaneous
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc10New York State annual fees
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc11Repairs
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc12Secretarial services
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc13Storage and delivery
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt05831
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt19400
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt2315
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt35000
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt473054
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt5170
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt684089
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt7125074
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt8380
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt922
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt10250
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt115750
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt123000
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt13111045
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt05831
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt19400
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt2315
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt35000
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt473054
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt5170
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt684089
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt7125074
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt8380
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt922
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt10250
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt115750
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt123000
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt13111045
OtherIncomeSchedule2/OtherIncomeDetail/Desc0Exhibition fees
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt0637975
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0John B Koegel
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Vergel Foundation
ReturnHeader/Filer/BusinessNameControlTxt0VERG
ReturnHeader/Filer/EIN0134027930
ReturnHeader/Filer/PhoneNum02122557744
ReturnHeader/Filer/USAddress/AddressLine1Txt0180 Varick Street
ReturnHeader/Filer/USAddress/CityNm0New York
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010014
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0020656612
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Daniel OConnell CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0159 Bellevue Avenue
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Upper Montclair
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007043
ReturnHeader/PreparerPersonGrp/PhoneNum09735090075
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Daniel O'Connell
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02019-11-14T05:36:20-08:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,670,904
Liabilities
$232,104
Net assets
$5,438,800
Revenue
$1,194,271
Expenses
$433,176
Net income
$761,095
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.
2024Detailed filing. Detailed filing data is available for this year.$17.5$0.01$17.5$0.32$0.79$0.47
2022Detailed filing. Detailed filing data is available for this year.$6.47$0.00$6.47$0.74$0.58$0.16
2021Detailed filing. Detailed filing data is available for this year.$6.32$0.01$6.30$0.89$0.72$0.17
2020Detailed filing. Detailed filing data is available for this year.$6.37$0.24$6.13$1.32$0.70$0.62
2019Detailed filing. Detailed filing data is available for this year.$6.11$0.32$5.79$0.59$0.24$0.35
2018Detailed filing. Detailed filing data is available for this year.$5.67$0.23$5.44$1.19$0.43$0.76
2017Detailed filing. Detailed filing data is available for this year.$5.00$0.39$4.61$0.39$0.26$0.13
2016Detailed filing. Detailed filing data is available for this year.$5.05$0.58$4.48$0.11$0.35$0.24
2015Detailed filing. Detailed filing data is available for this year.$4.71$0.00$4.71$0.98$0.48$0.50
2014Detailed filing. Detailed filing data is available for this year.$4.23$0.02$4.21$1.23$0.41$0.83
2013Detailed filing. Detailed filing data is available for this year.$3.38$0.00$3.38$1.54$0.51$1.04
2012Detailed filing. Detailed filing data is available for this year.$2.73$0.38$2.35$0.20
2011Detailed filing. Detailed filing data is available for this year.$2.80$0.65$2.15$0.24
2010Summary only. Only limited summary data is available for this year.$2.91$0.78$0.92$0.47$0.45