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Nonprofiteer
← VERNER

Form 990 for tax year 2023

Filed by VERNER.

Totals

Total revenue
$5,365,922
Total expenses
$5,746,999
Contributions and grants received
$4,363,596
Grants paid
$0
Program service revenue
$962,128
Investment income
$31,216
Other revenue
$8,982
Total assets, end of year
$5,045,075
Total liabilities, end of year
$319,913
Net assets or fund balances, end of year
$4,725,162
Program services expenses (Part IX)
$4,062,410
Management and general expenses
$1,529,115
Fundraising expenses
$155,474
Program service expenses (Part III)
$4,062,410

Program services were 70.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $14,876

  • 1e · Government grants (contributions)

    $3,216,001

  • 1f · All other contributions, gifts and grants

    $1,132,719

  • 1g · Noncash contributions included above

    $231,083

  • 2a · Program service revenue: TUITION AND FEES

    total $962,128 · related or exempt $962,128

  • 3 · Investment income

    total $18,919 · excluded $18,919

  • 7a · Gross sales of assets other than inventory

    securities $12,297

  • 7c · Gain or loss

    securities $12,297

  • 7d · Net gain or loss

    total $12,297 · excluded $12,297

  • 8a · Fundraising events: gross income

    $6,000

  • 8a · Fundraising events: contributions included on line 1c

    $14,876

  • 8b · Fundraising events: direct expenses

    $2,342

  • 8c · Net income from fundraising events

    total $3,658

  • 11a · Other revenue: OTHER INCOME

    total $5,324 · related or exempt $5,324

  • 11e · Other revenue, total

    $5,324

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $72,630 · program services $56,200 · management and general $14,072 · fundraising $2,358

  • 7 · Other salaries and wages

    total $3,674,458 · program services $2,842,483 · management and general $712,721 · fundraising $119,254

  • 9 · Other employee benefits

    total $260,341 · program services $174,017 · management and general $77,654 · fundraising $8,670

  • 10 · Payroll taxes

    total $285,034 · program services $219,740 · management and general $56,622 · fundraising $8,672

  • 11c · Fees: accounting

    total $30,090 · management and general $30,090

  • 12 · Advertising and promotion

    total $5,065 · program services $2,254 · management and general $1,139 · fundraising $1,672

  • 13 · Office expenses

    total $31,976 · program services $13,404 · management and general $15,554 · fundraising $3,018

  • 16 · Occupancy

    total $77,156 · program services $36,466 · management and general $40,690

  • 17 · Travel

    total $15,263 · program services $11,056 · management and general $3,715 · fundraising $492

  • 19 · Conferences, conventions and meetings

    total $98,307 · program services $9,379 · management and general $87,398 · fundraising $1,530

  • 20 · Interest

    total $374 · management and general $374

  • 22 · Depreciation, depletion and amortization

    total $228,588 · management and general $228,588

  • 23 · Insurance

    total $38,407 · management and general $38,407

  • 24a · Other expenses: IN-KIND

    total $231,083 · program services $231,083

  • 24b · Other expenses: FOOD SERVICE SUPPLIES

    total $182,337 · program services $182,337

  • 24c · Other expenses: OUTSOURCED SERVICES

    total $172,346 · program services $106,056 · management and general $63,633 · fundraising $2,657

  • 24d · Other expenses: CENTER SUPPLIES

    total $111,844 · program services $104,259 · management and general $6,168 · fundraising $1,417

  • 24e · All other expenses

    total $231,700 · program services $73,676 · management and general $152,290 · fundraising $5,734

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $480,607 · end of year $34,433

  • 2 · Savings and temporary cash investments

    beginning of year $419,738 · end of year $484,541

  • 3 · Pledges and grants receivable

    beginning of year $15,408 · end of year $191,051

  • 4 · Accounts receivable

    beginning of year $26,236 · end of year $43,771

  • 8 · Inventories for sale or use

    beginning of year $2,839 · end of year $2,839

  • 9 · Prepaid expenses and deferred charges

    beginning of year $21,774 · end of year $13,500

  • 10a · Land, buildings and equipment: cost or other basis

    $6,018,126

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,525,789

  • 10c · Land, buildings and equipment, net

    beginning of year $3,627,968 · end of year $3,492,337

  • 12 · Investments: other securities

    beginning of year $735,127 · end of year $781,749

  • 14 · Intangible assets

    beginning of year $2,495 · end of year $854

  • 17 · Accounts payable and accrued expenses

    beginning of year $230,412 · end of year $270,595

  • 23 · Secured mortgages and notes payable

    beginning of year $61,148 · end of year $49,318

  • 27 · Net assets without donor restrictions

    beginning of year $4,007,048 · end of year $3,787,414

  • 28 · Net assets with donor restrictions

    beginning of year $1,033,584 · end of year $937,748

Mission and programs · 2023

Mission

VERNER DELIVERS HIGH-QUALITY EDUCATIONAL AND RELATIONSHIP-BASED LEARNING ENVIRONMENTS (FROM PRENATAL TO PRE-KINDERGARTEN), WHERE EVERY INDIVIDUAL (CHILD, FAMILY, STAFF, AND FACULTY MEMBER) IS VALUED AND RESPECTED. OUR PROGRAMMING IS COMPREHENSIVE, CULTURALLY MEANINGFUL, RESILIENCY-FOCUSED, TRAUMA-RESPONSIVE, AND CHILD- AND FAMILY-CENTERED. WE CONNECT WITH FAMILIES AND EARLY EDUCATION PARTNERS TO PROVIDE INTEGRATED SERVICES. WE SUPPORT FAMILY WELL-BEING THROUGHOUT A CHILD'S DEVELOPMENT, SO OUR WHOLE COMMUNITY CAN LEAD HEALTHY, HAPPY, AND PRODUCTIVE LIVES.

Activities or mission (Part I)

TO FOSTER HOLISTIC LEARNING ENVIRONMENTS WHERE YOUNG CHILDREN AND FAMILIES THRIVE.

  • HIGH QUALITY EARLY CARE AND EDUCATION IS PROVIDED TO A CAPACITY OF OVER 300 CHILDREN AGES 6 WEEKS TO 5 YEARS, 3/4 TIME TO FULL TIME (FIVE DAYS PER WEEK UP TO 9 HOURS PER DAY THROUGHOUT BUNCOMBE COUNTY IN TWO CENTERS).

    Expenses $3,079,283 · Revenue $962,128

  • HOME VISITORS-VERNER OFFERS HOME VISITING PROGRAM FOR EXPECTANT FAMILIES AND YOUNG CHILDREN FROM BIRTH TO THREE YEARS AS PART OF EARLY HEAD START. APPROXIMATELY 66 LOW-INCOME FAMILIES ARE SERVED ANNUALLY THROUGHOUT BUNCOMBE COUNTY.

    Expenses $533,448

  • PROVIDE PROPER NUTRITION FOR THE CHILDREN IN THE CHILDCARE AND EARLY HEADSTART PROGRAMS THROUGH AN AWARD WINNING "RAINBOW IN MY TUMMY" PROGRAM.

    Expenses $449,679

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Marcia Whitney

    PRESIDENT AN

    Total calculated
    $117,196
    From this org
    $117,196
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Sara Duncan Boots

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alina Clarke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Betsy Ervin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kateri Fletes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Charlie Glazener

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Grace Hall

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1.5

  • Linda Hobson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Judy Van Horne

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Barry Kampe

    TREASURER

    Total calculated
    $0
    Hours/week
    1.5

  • Patsy Keever

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christine Malloy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dolly Mullen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Emily Munn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brandon Oliver

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Rosario Villarreal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Pat Wallenborn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Angie Williford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Susanne Walker Wilson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
25 February 2025
IRS schema version
2023v6.0
Source object
202500729349300025

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