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Nonprofit · EIN 13-3319048

VERIZON FOUNDATION

Tax-exempt · BASKING RIDGE, NJ 07920

Financials

$7.5M$7.4M2023$5.1M$7M2024
Revenue Expenses · by fiscal year end
Financials of VERIZON FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$5,056,273$6,971,580-$1,915,307$23,768,481$1,326,138$22,442,343
December 31, 2023990-PF$7,525,643$7,420,270$105,373$25,968,957$1,606,722$24,362,235
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$3,825,553
Interest
$1,230,720

Expenses

Grants and similar amounts paid
$6,839,956
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$7,068,056
Excise tax on investment income
$16,271

Balance sheet and other

Total assets, start of year
$25,968,957
Total assets, end of year
$23,768,481
Total liabilities, end of year
$1,326,138
Net assets, end of year
$22,442,343
Fair market value of assets
$23,768,481
Qualifying distributions
$7,068,056
Net investment income
$1,230,720

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
ROSE M KIRK THRU 1124
ONE VERIZON WAY, BASKING RIDGE, NJ 07920
PRESIDENT1$0
KEE CHAN SIN THRU 1224
ONE VERIZON WAY, BASKING RIDGE, NJ 07920
VICE PRESIDENT AND TREASURER0$0
LAURENCE D FULTON
ONE VERIZON WAY, BASKING RIDGE, NJ 07920
CHIEF INVESTMENT OFFICER0$0
BRANDON N EGREN
ONE VERIZON WAY, BASKING RIDGE, NJ 07920
SECRETARY0$0
RONALD SIMON THRU 1224
ONE VERIZON WAY, BASKING RIDGE, NJ 07920
ASSISTANT TREASURER0$0
LISA CZAPKA
ONE VERIZON WAY, BASKING RIDGE, NJ 07920
VICE PRESIDENT AND CONTROLLER0$0
DONNA EPPS
ONE VERIZON WAY, BASKING RIDGE, NJ 07920
PRESIDENT AND CHAIRMAIN OF THE BOARD0.1$0
JIA SHAN LEE
ONE VERIZON WAY, BASKING RIDGE, NJ 07920
TREASURER0$0
TIMOTHY SCHLOCK
ONE VERIZON WAY, BASKING RIDGE, NJ 07920
ASSISTANT TREASURER0$0
990-PF for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
ROSE M KIRK
ONE VERIZON WAY, BASKING RIDGE, NJ 07920
PRESIDENT1$0
KEE CHAN SIN
ONE VERIZON WAY, BASKING RIDGE, NJ 07920
VICE PRESIDENT AND TREASURER0$0
LAURENCE D FULTON
ONE VERIZON WAY, BASKING RIDGE, NJ 07920
CHIEF INVESTMENT OFFICER0$0
BRANDON N EGREN
ONE VERIZON WAY, BASKING RIDGE, NJ 07920
SECRETARY0$0
SUZANNE M FERRARA-MORA THRU 1223
ONE VERIZON WAY, BASKING RIDGE, NJ 07920
ASSISTANT TREASURER0$0
RONALD SIMON
ONE VERIZON WAY, BASKING RIDGE, NJ 07920
ASSISTANT TREASURER0$0
LISA CZAPKA
ONE VERIZON WAY, BASKING RIDGE, NJ 07920
VICE PRESIDENT AND CONTROLLER0$0

Address and contacts

Address (IRS master file)
PO BOX 627, BASKING RIDGE, NJ 07920-0627
Signed the 990-PF
DONNA EPPS, PRESIDENT
Phone
(908) 559-2735
Return prepared by
KPMG LLP

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
13-3319048
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
1987
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$23,768,481
Income (IRS master file)
$5,056,273

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$5,056,273$6,971,580$23,768,481IRS
990-PFDecember 2023$7,525,643$7,420,270$25,968,957XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-3319048).

Questions about VERIZON FOUNDATION

What is the EIN of VERIZON FOUNDATION?
The employer identification number (EIN) of VERIZON FOUNDATION is 13-3319048.
Is VERIZON FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
Are donations to VERIZON FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does VERIZON FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of VERIZON FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did VERIZON FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who are the officers and directors of VERIZON FOUNDATION?
The 990-PF for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
How much revenue does VERIZON FOUNDATION have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $5,056,273, expenses of $6,971,580 and total assets of $23,768,481 at year end.

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