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Verland Endowment

Tax-deductible

Sewickley, PA501(c)(3)Since 1978Foundations & Grantmakers EIN 25-1440467Revenue $2.3M in FY2025

On file with the IRSverland.org212 Iris Rd, 15143-2402 · Sewickley, PATax-exempt since Jul 1984Supporting organization — 509(a)(3)

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Verland Endowment provides support to members of the Verland system by soliciting, maintaining and investing an Endowment fund of funds to be used for the general financial system, including the making of capital contributions, grants and loans for the purpose of maintenance of facilities.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
Run by 13 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $483K a year · 40% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Plus $17.7M in investments, Pt X · Ln 11–13
Looks good: 7.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 13 voting members
Looks good: 10 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.3M
+627% vs prior year
Spent
$805K
To programs
88%
Net assets
$19.1M
By yearFY2020–FY2025
Revenue
$2.3M
FY2025▲ +627%
Tap a bar for its year
Revenue by fiscal year
FY2020$309K
FY2021$2.8M
FY2022$723K
FY2023$656K
FY2024$321K
FY2025$2.3M
Expenses
$805K
FY2025▼ -1.0%
Tap a bar for its year
Expenses by fiscal year
FY2020$615K
FY2021$701K
FY2022$658K
FY2023$670K
FY2024$812K
FY2025$805K
Net assets
$19.1M
FY2025▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$15.0M
FY2021$17.2M
FY2022$14.6M
FY2023$15.6M
FY2024$17.3M
FY2025$19.1M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1984.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $707K Management & general 12% · $98K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

19 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Carol B Mitchell
Deputy CEO & Ex-Officio Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Jon M Thomas
Chairperson (left 9/9/24)
$0Pt VII · Sec A
Paul B Long
Chairperson
$0Pt VII · Sec A
Daniel O'Malley
Vice Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
Daniela Wilps
Secretary
$0Pt VII · Sec A
See Verland Endowment executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Manages an endowment fund to provide capital, grants, and loans for facility maintenance.

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Provided by the organization

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1 program · $707K · in their own filed words · FY2024
01

Verland endowment provides support to members of the verland system by soliciting, maintaining and investing an endowment fund of funds to be used for the general financial system, including the making of capital contributions, grants and loans for the purpose of maintenance of facilities.

$707Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 7 grants · $3.7M · 2019–2024
VerlandPA · FY2024$707,049
VerlandPA · FY2023$719,376
VerlandPA · FY2022$581,577
VerlandPA · FY2021$559,631
VerlandPA · FY2020$616,000
Verland ClaPA · FY2019$342,982
Verland Foundation INCPA · FY2019$200,000

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.3M
Ln 12
Investment incomeLn 3$2.3M
Gifts and grantsLn 1h$30K
Money outPt IX
$805K
Ln 25
Programscol B$707K
Managementcol C$98K
Owns and owesPt X
$19.1M
net assets · Ln 32
Cash and savingsLn 1–2$493K
Total assetsLn 16$19.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
19
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$30K
Investment incomeLn 3$2.3M
Gains on assetsLn 7$2.0M
Total revenueLn 12$2.3M
Assets in detailPt X, end of year
CashLn 1$493K
Cash and savings togetherLn 1–2$493K
InvestmentsLn 11–13$17.7M
Other assetsLn 15$840K
Total assetsLn 16$19.1M
LiabilitiesLn 26$0
Net assetsLn 32$19.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 613
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
EndowmentSch D · Pt V
LineFY25FY24FY23FY22FY21
End of yearLn 1g$19.1M$17.3M$15.6M$14.6M$17.2M
Given inLn 1b$30K$10K$50K$9K$58K
SpentLn 1d–1f$805K$812K$670K$648K$701K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$573K$493K
InvestmentsLn 11–13$16.1M$17.7M
Total assetsLn 16$17.3M$19.1M
LiabilitiesLn 26$23K$0
Net assetsLn 32$17.3M$19.1M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$707K$707K
Management feesLn 11a$98K$98K
Total functional expensesLn 25$805K$707K$98K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.3M$805K$1.5M$19.1M 990 PDF
FY2024Filed with the IRS May 15, 2025 $321K$812K−$491K$17.3M 990 PDF
FY2023Filed with the IRS May 15, 2024 $656K$670K−$14K$15.6M 990 PDF
FY2022Filed with the IRS May 11, 2023 $723K$658K$65K$14.6M 990 PDF
FY2021Filed with the IRS May 11, 2022 $2.8M$701K$2.1M$17.2M 990 PDF
FY2020Filed with the IRS May 14, 2021 $309K$615K−$306K$15.0M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $2,335,721 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $10,500$30,050
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $310,825$2,305,671
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $321,325$2,335,721
I-13 Grants and similar amounts paidPrior year $719,376$707,049
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $93,089$97,557
I-18 Total expensesPrior year $812,465$804,606
I-19 Revenue less expensesPrior year −$491,140$1,531,115
Part VI · Governance 10 of 13 board members independent, 2 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $2,335,721 across 5 lines filed
VIII-1f All other contributions, gifts and grants$30,050
VIII-1h Total contributions, gifts and grants$30,050
VIII-3 Investment incomeExcluded from tax $320,171$320,171
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,985,500$1,985,500
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $2,305,671$2,335,721
Part IX · Statement of functional expenses $804,606 across 2 lines filed
IX-1 Grants to domestic organizationsPrograms $707,049$707,049
IX-11a Management feesManagement $97,557$97,557
IX-25 Total functional expensesPrograms $707,049 · Management $97,557 · Fundraising $0$804,606
Part X · Balance sheet $19,074,699 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $572,720$493,393
X-11 Publicly traded securitiesStart of year $16,063,056$17,740,927
X-15 Other assetsStart of year $703,818$840,379
X-16 Total assetsStart of year $17,339,594$19,074,699
X-17 Accounts payable and accrued expensesStart of year $10,000$0
X-25 Other liabilitiesStart of year $12,515$0
X-26 Total liabilitiesStart of year $22,515$0
X-27 Net assets without donor restrictionsStart of year $3,092,527$3,652,533
X-28 Net assets with donor restrictionsStart of year $14,224,552$15,422,166
X-32 Total net assets or fund balancesStart of year $17,317,079$19,074,699
X-33 Total liabilities and net assetsStart of year $17,339,594$19,074,699
Part XI · Reconciliation of net assets $19,074,699 net assets at year end
XI-1 Total revenue$2,335,721
XI-2 Total expenses$804,606
XI-3 Revenue less expenses$1,531,115
XI-4 Net assets at start of year$17,317,079
XI-5 Net unrealized gains (losses) on investments$220,849
XI-9 Other changes in net assets$5,656
XI-10 Net assets at end of year$19,074,699

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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