Civic Intelligence

Veritas Vinum Foundation

EIN 84-4409755 • 501(c)3 • Sacramento, CA

Profile

It is due to this rich history and the benefits of wine that the Veritas Vinum Foundation seeks to educate members and the general public in the art and science of oenology enology and the various aspects of viticulture for in wine there is truth. In doing so the foundation will provide discussions in Northern California on current and historical issues regarding the alcohol industry. Moreover the foundation will seek to provide education to the public including but not limited to discussions on new world vs. old world varietals what the difference is and why that matters. Furthermore the foundation will provide lectures and speakers to discuss how differentiations in terroir as well as growing and pruning methods can take the same grape yet completely change its flavor. Veritas Vinum will also provide scholarships.

400 Capitol Mall Ste 1850Sacramento, CA 95814

400 capitol mall

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

19th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

20th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

98th percentile

91%

Higher net margin than 98% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

48th percentile

2.9%

Faster asset growth than 48% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

7th percentile

-44%

Faster revenue growth than 7% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,259,517

Up $63,033 (+2.9%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$2,259,517

Up $63,033 (+2.9%) from 2023

Revenue

Down

$91,379

Down $71,443 (-44%) from 2023

Expenses

Down

$8,667

Down $2,918,225 (-100%) from 2023

Net Income

Up

$82,712

Up $2,846,782 (+103%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2021: $4,900,000Liabilities 2021: $0Net Assets 2021: $4,900,0002021Assets 2022: $4,743,193Liabilities 2022: $0Net Assets 2022: $4,743,1932022Assets 2023: $2,196,484Liabilities 2023: $0Net Assets 2023: $2,196,4842023Assets 2024: $2,259,517Liabilities 2024: $0Net Assets 2024: $2,259,5172024

Highlighted filing

2024

Assets$2,259,517
Liabilities$0
Net Assets$2,259,517

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MRevenue 2021: $4,900,000Expenses 2021: $0Net Income 2021: $4,900,0002021Revenue 2022: $4,743,193Expenses 2022: $43,631Net Income 2022: $4,699,5622022Revenue 2023: $162,822Expenses 2023: $2,926,892Net Income 2023: -$2,764,0702023Revenue 2024: $91,379Expenses 2024: $8,667Net Income 2024: $82,7122024

Highlighted filing

2024

Revenue$91,379
Expenses$8,667
Net Income$82,712

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.1
Gross Receipts
$91,379
Mission and Program Overview

Mission

The organizations mission and activities consist of educating the public about wine.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$2,032,776$2,109,870▲ $77,094
Investments in Publicly Traded Securities$1,928,639$2,014,307▲ $85,668
Investments Other Securities$163,708$149,647▼ $14,061
Cap Stk Tr Prin Current Funds$163,708$149,647▼ $14,061
Savings and Temporary Cash Investments$59,803$59,892▲ $89
Cash and Non-Interest-Bearing Accounts$44,333$35,671▼ $8,662
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$2,196,483$2,259,517▲ $63,034
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,196,484$2,259,517▲ $63,033
Total Liabilities and Net Assets / Fund Balance$2,196,484$2,259,517▲ $63,033

Asset Categories

AssetBook ValueDepreciationBasis
Closely Held Equity Interests$149,647--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jeb BurtonPresident
Jeffrey BertlesonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$91,379
Other Revenue
$0
All Other Contributions
$0
Change in Net Assets
$82,712
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,667
Total Fundraising Expense$1,065
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting$0$3,680$0$3,680
Insurance$0$2,396$0$2,396
Conferences and Meetings$0$0$1,065$1,065
Information Technology$0$887$0$887
Office Expenses$0$639$0$639
Total Functional Expenses$0$7,602$1,065$8,667
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Line 11A

It is reviewed by the President. Time constraints prevent an opportunity for review by the voting members.

Part VI, Line 12C

Directors are provided with the policy each year and are made aware of the requirements it puts in place.

Part VI, Line 19

The organization has not published such documents online but may consider requests for inspection from the public. However there has yet to be a request.

Filing and Contact Details

Filer

Filer Name
Veritas Vinum Foundation
EIN
84-4409755
Phone
9168228700
Address
400 CAPITOL MALL STE 1850, Sacramento, CA 95814

Signing Officer

Name
Jeb
Title
Burton
Phone
9168228700
Signed
2025-11-14
Discuss with paid preparer
No

Organization Details

Principal Officer
Jeb Burton
Formed
2020
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
The Burton Law Firm PC
Address
400 CAPITOL MALL STE 1850, Sacramento, CA 95814
Preparer
Kyle Rose
Supplemental Narrative

Additional Explanations

Header General

| Explanation:| For Schedule A: The amount of $4,868,113 in 2022 was not support as a non-dividend distribution of property from the company gifted to Veritas Vinum.

Part III Line 4

| Explanation:| Funds and goods will be collected from donations by the public. These funds will be used to facilitate lectures by experienced sommeliers and winemakers on the history of wine-making regions wine-making practices and other educationally based wine-related topics. The funds will also be used to create scholarships to allow underprivileged individuals access to sommelier education. The Foundation shall provide training on proper wine-related etiquette and methods to maximize a wines potential as well as the importance of appropriate glass and stemware and show how this can affect the flavor of wine. Above all the Foundation shall be focused and committed to improving the publics knowledge of this great and noble field of study. The foundation will do so in a fun responsible and holistic way that expands beyond public tastings. In doing so this foundation will directly benefit the public as well as the state of California by providing better-educated market participants who can make decisions to responsibly and ethically enjoy wine beer and related spirits. These services were limited during 2024 but not 2025 due to liability concerns.

Financial Statement Notes

Part I to XII

| PartandLinenumber:,Explanation:| Part VII Line 2,This is New Concept Innovations Inc. a wholly owned inactive corporation.|

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IRS990/OccupancyGrp/ManagementAndGeneralAmt00
IRS990/OccupancyGrp/ProgramServicesAmt00
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0639
IRS990/OfficeExpensesGrp/ProgramServicesAmt00
IRS990/OfficeExpensesGrp/TotalAmt0639
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
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IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherOrganizationDsc0Foundation
IRS990/OtherRevenueMiscGrp/ExclusionAmt00
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IRS990/OtherRevenueMiscGrp/ExclusionAmt20
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt10
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt20
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IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
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IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
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IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt00
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IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
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IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
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IRS990/PrincipalOfficerNm0Jeb Burton
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IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
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IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt00
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt00
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt02860000
IRS990/PYInvestmentIncomeAmt0162822
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt066892
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00

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