Verena Foundation

990PF • Fiscal year 2014 • EIN 26-0129922

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 13, 2015

Organization Profile

2625 Collins AvenueMiami Beach, FL 33140

(305) 651-0017

Siviq Scores

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

0.03x

Higher debt load relative to assets than 47% of similar nonprofits.

2014 filings • $1M-$5M nonprofits • Source year 2014

1.38x

Higher debt load relative to revenue than 89% of similar nonprofits.

2014 filings • $1M-$5M nonprofits • Source year 2014

-24%

Higher net margin than 15% of similar nonprofits.

2014 filings • $1M-$5M nonprofits • Source year 2014

Higher top officer pay than 41% of similar nonprofits.

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

2014 filings • $1M-$5M nonprofits • Source year 2014

-0.1%

Faster asset growth than 41% of similar nonprofits.

2014 filings • $1M-$5M nonprofits • Annualized from 2013 to 2014

-14%

Faster revenue growth than 20% of similar nonprofits.

2014 filings • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet

Liabilities / Assets47th percentile

Assets

Down

$2,178,035

Down $3,092 (-0.1%) from 2013

Net Assets

Down

$2,109,396

Down $11,943 (-0.6%) from 2013

Liabilities

$68,639

Up $8,851 (+15%) from 2013

Revenue And Expenses

Liabilities / Revenue89th percentile Net Margin15th percentile

Revenue

Down

$49,619

Down $7,894 (-14%) from 2013

Expenses

Down

$61,562

Down $30,072 (-33%) from 2013

Net Income

-$11,943

Up $22,178 (+65%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth41st percentile

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

Highlighted filing

2014

Assets$2,178,035

Liabilities$68,639

Net Assets$2,109,396

Open 2014 Filing

Operations Trend

Revenue Growth20th percentile

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

Highlighted filing

2014

Revenue$49,619

Expenses$61,562

Net Income-$11,943

Open 2014 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2014 to Dec 31, 2014
Signed: Aug 13, 2015
Return Version: 2014v5.0

Compensation and Service Providers

Top Officer Pay41st percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
HARTMUT PORSCH	Director	PT	$0	-	-

Filing and Contact Details

Filer

Filer Name: Verena Foundation
EIN: 26-0129922
Address: 2625 COLLINS AVENUE, Miami Beach, FL 33140

Signing Officer

Name: Hartmut Porsch
Title: Director
Phone: 3056748388
Signed: 2015-08-13
Discuss with paid preparer: No

Preparer

Firm: Fast Tax Pros
Address: 18982 NW 2ND AVE, Miami, FL 33169
Preparer: Edward Singleton
Phone: 3056510017

Raw XML Appendix347 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.

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DepreciationSchedule/DepreciationPropertyGrp/PropertyDesc	0	FURNITURE
DepreciationSchedule/DepreciationPropertyGrp/PropertyDesc	1	LEASEHOLD IMPROV
DepreciationSchedule/DepreciationPropertyGrp/PropertyDesc	2	OFFICE EQUIPMENT
DepreciationSchedule/DepreciationPropertyGrp/PropertyDesc	3	COMPUTER
DepreciationSchedule/DepreciationPropertyGrp/PropertyDesc	4	COMPUTER
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IRS990PF/AnalysisOfRevenueAndExpenses/ScheduleBNotRequiredInd	0	X
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IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipsNonchrtblEOInd	0	false
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IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd	0	false
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt	0	34649
IRS990PF/UndistributedIncomeGrp/Taxable2Amt	0	9854
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IRS990PF/UndistributedIncomeGrp/UndistributedIncomePYAmt	0	9854
LandEtcSchedule2/LandEtcGrp/AccumulatedDepreciationAmt	0	1855
LandEtcSchedule2/LandEtcGrp/AccumulatedDepreciationAmt	1	18941
LandEtcSchedule2/LandEtcGrp/AccumulatedDepreciationAmt	2	5223
LandEtcSchedule2/LandEtcGrp/AccumulatedDepreciationAmt	3	72155
LandEtcSchedule2/LandEtcGrp/AccumulatedDepreciationAmt	4	195
LandEtcSchedule2/LandEtcGrp/BookValueAmt	0	0
LandEtcSchedule2/LandEtcGrp/BookValueAmt	1	71
LandEtcSchedule2/LandEtcGrp/BookValueAmt	2	17515
LandEtcSchedule2/LandEtcGrp/BookValueAmt	3	0
LandEtcSchedule2/LandEtcGrp/BookValueAmt	4	179
LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt	0	COMPUTER
LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt	1	OFFICE EQUIPMENT
LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt	2	LEASEHOLD IMPROVEMENTS
LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt	3	FURNITURE
LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt	4	COMPUTER
LandEtcSchedule2/LandEtcGrp/CostOrOtherBasisAmt	0	1855
LandEtcSchedule2/LandEtcGrp/CostOrOtherBasisAmt	1	19012
LandEtcSchedule2/LandEtcGrp/CostOrOtherBasisAmt	2	22738
LandEtcSchedule2/LandEtcGrp/CostOrOtherBasisAmt	3	72155
LandEtcSchedule2/LandEtcGrp/CostOrOtherBasisAmt	4	374
LandEtcSchedule2/LandEtcGrp/EOYFMVAmt	0	0
LandEtcSchedule2/LandEtcGrp/EOYFMVAmt	1	0
LandEtcSchedule2/LandEtcGrp/EOYFMVAmt	2	0
LandEtcSchedule2/LandEtcGrp/EOYFMVAmt	3	0
LandEtcSchedule2/LandEtcGrp/EOYFMVAmt	4	0
LoansFromOfficersSchedule/LoansFromOfficerGrp/BalanceDueAmt	0	3138
LoansFromOfficersSchedule/LoansFromOfficerGrp/BalanceDueAmt	1	58522
LoansFromOfficersSchedule/LoansFromOfficerGrp/ConsiderationFMVAmt	0	0
LoansFromOfficersSchedule/LoansFromOfficerGrp/ConsiderationFMVAmt	1	0
LoansFromOfficersSchedule/LoansFromOfficerGrp/InterestRt	0	0
LoansFromOfficersSchedule/LoansFromOfficerGrp/InterestRt	1	0
LoansFromOfficersSchedule/LoansFromOfficerGrp/LenderPersonNm	0	HARTMUT PORSCH
LoansFromOfficersSchedule/LoansFromOfficerGrp/LenderPersonNm	1	INTERIM LOAN TRANSACTION
LoansFromOfficersSchedule/LoansFromOfficerGrp/LoanOriginalAmt	0	0
LoansFromOfficersSchedule/LoansFromOfficerGrp/LoanOriginalAmt	1	0
LoansFromOfficersSchedule/LoansFromOfficerGrp/TitleTxt	0	DIRECTOR
OtherAssetsSchedule/OtherAssetsScheduleGrp/BOYBookValueAmt	0	1297
OtherAssetsSchedule/OtherAssetsScheduleGrp/Desc	0	LOAN
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYBookValueAmt	0	0
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYFMVAmt	0	0
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt	0	0
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt	1	0
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt	2	0
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt	3	0
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt	4	0
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt	5	0
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	0	BANK SERVICE CHARGES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	1	DUES AND SUBSCRIPTIONS
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	2	MISCELLANEOUS
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	3	INSURANCE
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	4	OFFICE EXPENSE
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	5	OTHER EXPENSE
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	0	0
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	1	0
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	2	0
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	3	0
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	4	0
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	5	0
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt	0	0
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt	1	0
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt	2	0
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt	3	0
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt	4	0
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt	5	0
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	0	696
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	1	1677
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	2	463
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	3	318
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	4	1301
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	5	0
OtherLiabilitiesSchedule/OtherLiabilitiesDetail/BOYBookValueAmt	0	0
OtherLiabilitiesSchedule/OtherLiabilitiesDetail/Desc	0	Other liabilities
OtherLiabilitiesSchedule/OtherLiabilitiesDetail/EOYBookValueAmt	0	5479
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/AdjustedNetIncomeAmt	0	0
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt	0	29371
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt	0	PROFESSIONAL FEES OTHER
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/DisbursementsCharitablePrpsAmt	0	0
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/NetInvestmentIncomeAmt	0	0
ReturnHeader/BuildTS	0	2016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	false
ReturnHeader/BusinessOfficerGrp/PersonNm	0	HARTMUT PORSCH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	3056748388
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2015-08-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	VERENA FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt	0	VERE
ReturnHeader/Filer/EIN	0	260129922
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	2625 COLLINS AVENUE
ReturnHeader/Filer/USAddress/CityNm	0	Miami Beach
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	FL
ReturnHeader/Filer/USAddress/ZIPCd	0	33140
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN	0	900423618
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	FAST TAX PROS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	18982 NW 2ND AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	Miami
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	33169
ReturnHeader/PreparerPersonGrp/PhoneNum	0	3056510017
ReturnHeader/PreparerPersonGrp/PreparationDt	0	2015-08-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	EDWARD SINGLETON
ReturnHeader/ReturnTs	0	2015-08-13T15:26:01-04:00
ReturnHeader/ReturnTypeCd	0	990PF
ReturnHeader/TaxPeriodBeginDt	0	2014-01-01
ReturnHeader/TaxPeriodEndDt	0	2014-12-31
ReturnHeader/TaxYr	0	2014

Document Assets

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Filings

Displayed year

2014 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $2,178,035
Liabilities: $68,639
Net assets: $2,109,396
Revenue: $49,619
Expenses: $61,562
Net income: -$11,943

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Detailed filing. Detailed filing data is available for this year.	$2.18	$0.14	$2.04	$0.17	$0.20	$0.03
2023Detailed filing. Detailed filing data is available for this year.	$2.17	$0.11	$2.06	$0.02	$0.07	$0.05
2022Detailed filing. Detailed filing data is available for this year.	$2.18	$0.07	$2.11	$0.04	$0.02	$0.02
2021Detailed filing. Detailed filing data is available for this year.	$2.18	$0.08	$2.10	$0.01	$0.03	$0.03
2020Detailed filing. Detailed filing data is available for this year.	$2.18	$0.05	$2.12	$0.01	$0.04	$0.03
2019Detailed filing. Detailed filing data is available for this year.	$2.20	$0.04	$2.16	$0.03	$0.04	$0.01
2018Detailed filing. Detailed filing data is available for this year.	$2.17	$0.01	$2.17	$0.03	$0.04	$0.01
2017Detailed filing. Detailed filing data is available for this year.	$2.20	$0.02	$2.18	$0.02	$0.03	$0.01
2014Detailed filing. Detailed filing data is available for this year.	$2.18	$0.07	$2.11	$0.05	$0.06	$0.01
2013Detailed filing. Detailed filing data is available for this year.	$2.18	$0.06	$2.12	$0.06	$0.09	$0.03
2012Detailed filing. Detailed filing data is available for this year.	$2.20	$0.04	$2.16		$0.05
2011Detailed filing. Detailed filing data is available for this year.	$2.22	$0.04	$2.18		$0.07
2010Detailed filing. Detailed filing data is available for this year.	$2.24	$0.02	$2.23		$0.05