Form 990 for tax year 2023

Totals

Total revenue

$321,325

Total expenses

$812,465

Contributions and grants received

$10,500

Grants paid

$719,376

Program service revenue

$0

Investment income

$310,825

Other revenue

$0

Total assets, end of year

$17,339,594

Total liabilities, end of year

$22,515

Net assets or fund balances, end of year

$17,317,079

Program services expenses (Part IX)

$719,376

Management and general expenses

$93,089

Fundraising expenses

$0

Program service expenses (Part III)

$719,376

Program services were 88.5% 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.

Mission and programs · 2023

• 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.

  Expenses $719,376 · Grants $719,376

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

Listed in Part VII

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

• VERLAND CLA

  $719,376

  OPERATING COSTS

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

• VERLAND

  501(C)(3) · MGMT SVCS · PA

• VERLAND FOUNDATION

  501(C)(3) · LT RES CARE · PA

  Directly controlled by VERLAND

• VERLAND CLA

  501(C)(3) · LT RES CARE · PA

  Directly controlled by VERLAND

• VERLAND COMMONS

  501(C)(3) · LT RES CARE · PA

  Directly controlled by VERLAND CLA

Provenance

Return type

form_990

Tax year

2023

Filed

12 May 2025

IRS schema version

2023v6.0

Source object

202501359349301435

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