Vernice Ross Foundation Fbo Fleming Co Library

FLEMINGSBURG, KY EIN: 31-1503729

Vernice Ross Foundation Fbo Fleming Co Library is a private foundation, based in FLEMINGSBURG, KY. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $265K in total assets. In 2024, it awarded 1 grants totaling $28K. Net investment income was $10K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$265K

-6.3% YoY

Annual Giving

$28K

+95.4% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$28K

+95.4% YoY

Under IRS private-foundation payout rules, Vernice Ross Foundation Fbo Fleming Co Library reported a distributable amount of $14K for 2024 — the minimum it must pay out in qualifying distributions.

About Vernice Ross Foundation Fbo Fleming Co Library

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Kentucky $86K (100%)

States

Kentucky

Cities

Flemingsburg

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$265,221	$283,118	$288,651
Revenue	$11,471	$10,317	$8,903
Expenses	$29,368	$15,850	$16,981
Qualifying Distributions	$28,000	$14,500	$15,325
Net Investment Income	$10,229	$9,072	$7,523
Distributable Amount	$13,638	$13,336	$14,033

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Fleming County Public Library ($27,650).

Recipient	Purpose	Amount
Fleming County Public Library Flemingsburg, KY	GENERAL FUND	$27,650

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

No officer/director data available.

Frequently Asked Questions

How large is Vernice Ross Foundation Fbo Fleming Co Library?

As of 2024, Vernice Ross Foundation Fbo Fleming Co Library holds $265K in total assets with $11K in annual revenue. It awarded 1 grants totaling $28K in 2024.

Where does Vernice Ross Foundation Fbo Fleming Co Library operate?

Vernice Ross Foundation Fbo Fleming Co Library has awarded grants in Kentucky.

What size grants does Vernice Ross Foundation Fbo Fleming Co Library award?

In 2024, Vernice Ross Foundation Fbo Fleming Co Library awarded 1 grants totaling $28K — an average of about $28K per grant, based on its IRS Form 990 filings.

How much is Vernice Ross Foundation Fbo Fleming Co Library required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Vernice Ross Foundation Fbo Fleming Co Library reported a distributable amount of $14K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Vernice Ross Foundation Fbo Fleming Co Library's EIN?

Vernice Ross Foundation Fbo Fleming Co Library's EIN (Employer Identification Number) is 31-1503729. IRS Form 990 filing data is available on this page for 2019–2024.