Totals
- Total revenue
- $645,335
- Total expenses
- $312,832
- Contributions and grants received
- $0
- Grants paid
- $267,293
- Program service revenue
- $0
- Investment income
- $645,335
- Other revenue
- $0
- Total assets, end of year
- $6,612,832
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $6,612,832
- Program services expenses (Part IX)
- $267,293
- Management and general expenses
- $45,539
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $267,293
Program services were 85.4% 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.
-
3 · Investment income
total $873,105 · excluded $873,105
-
7a · Gross sales of assets other than inventory
securities $627,787
-
7b · Less cost or other basis and sales expenses
securities $855,557
-
7c · Gain or loss
securities -$227,770
-
7d · Net gain or loss
total -$227,770 · excluded -$227,770
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $267,293 · program services $267,293
-
11c · Fees: accounting
total $6,581 · management and general $6,581
-
11f · Fees: investment management
total $32,548 · management and general $32,548
-
13 · Office expenses
total $2,782 · management and general $2,782
-
23 · Insurance
total $1,628 · management and general $1,628
-
24a · Other expenses: MONOGRAPH PROJECT
total $2,000 · management and general $2,000
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $117,436 · end of year $77,151
-
2 · Savings and temporary cash investments
beginning of year $72,243
-
11 · Investments: publicly traded securities
beginning of year $6,303,420 · end of year $6,535,681
-
27 · Net assets without donor restrictions
beginning of year $6,493,099 · end of year $6,612,832
Mission and programs · 2022
Mission
VALLEY CARE ENDOWMENT CORPORATION IS A SUPPORTING ORGANIZATION OF VALLEY CARE ASSOCIATION ("VCA"), A PENNSYLVANIA NONPROFIT CORPORATION, AND SHALL HOLD, MANAGE, INVEST AND/OR MAKE DISTRIBUTIONS OF ITS ASSETS AND OTHER FUNDS IN WAYS WHICH BENEFIT, MAINTAIN (CONT. IN SCHEDULE O)OR IMPROVE VCA AND ITS AFFILIATES IN A MANNER CONSISTENT WITH THE EXEMPT PURPOSES OF VCA.
Activities or mission (Part I)
VALLEY CARE ENDOWMENT CORPORATION IS A SUPPORTING ORGANIZATION OF VALLEY CARE ASSOCIATION ("VCA"), A PENNSYLVANIA NONPROFIT CORPORATION, AND SHALL HOLD, MANAGE, INVEST AND/OR MAKE DISTRIBUTIONS OF ITS ASSETS AND OTHER FUNDS IN WAYS WHICH BENEFIT, MAINTAIN OR IMPROVE VCA AND ITS AFFILIATES IN A MANNER CONSISTENT WITH THE EXEMPT PURPOSES OF VCA.
-
TO SUPPORT AND FURTHER THE CHARITABLE PURPOSES OF VALLEY CARE ASSOCIATION ("VCA") BY PROVIDING FINANCIAL SUPPORT PAYMENTS IN ACCORDANCE WITH ITS AFFILIATION AGREEMENT WITH VCA TO SUPPORT THE ADULT DAY CARE PROGRAM IN A MANNER CONSISTENT WITH THE EXEMPT PURPOSES OF VCA.
Expenses $147,293 · Grants $147,293
-
TO PROVIDE GENERAL SUPPORT TO THE SEWICKLEY VALLEY YMCA'S Y PROGRAM IN 2023 FOR SUPPORTING OPPORTUNITIES AND PROGRAMS TOWARDS AGING AT HOME INITIATIVES IN THE REGION. VALLEY CARE ENDOWMENT CORPORATION'S ("VCEC") SERVICE MISSION IS TO SUPPORT AGING WITH COMFORT AND DIGNITY. THE SEWICKLEY VALLEY YMCA MAKES AN ANNUAL GRANT REQUEST AND REPORTS QUARTERLY TO THE VCEC BOARD OF TRUSTEES ON THE PROGRESS OF THE INITIATIVES DEFINED IN THE GRANT.
Expenses $115,000 · Grants $115,000
-
TO PROVIDE GENERAL SUPPORT TO FEDERATED GUARDIANS IN 2023 FOR SUPPORTING OPPORTUNITIES AND PROGRAMS TOWARDS AGING AT HOME INITIATIVES IN THE REGION. VALLEY CARE ENDOWMENT CORPORATION'S ("VCEC") SERVICE MISSION IS TO SUPPORT AGING WITH COMFORT AND DIGNITY. FEDERATED GUARDIANS MAKES AN ANNUAL GRANT REQUEST AND REPORTS QUARTERLY TO THE VCEC BOARD OF TRUSTEES ON THE PROGRESS OF THE INITIATIVES DEFINED IN THE GRANT.
Expenses $5,000 · Grants $5,000
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
DR DANIEL H BROOKS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 3
-
RICHARD C HOGAN
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5
-
ARLENE BELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
HARRY E BUTSON
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
ERIC GROSS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
REGAN FETTEROLF
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
PETER SCHLICHT
TRUSTEE (NON-VOTING)
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
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
-
$147,293
FOR GENERAL SUPPORT OF VCA'S CHARITABLE MISSION TO PROVIDE SERVICES TO SENIORS
-
$115,000
FOR GENERAL SUPPORT OF SEWICKLY VALLEY YMCA'S Y PROGRAM TO PROVIDING OPPORTUNITIES FOR AGING AT HOME INITIATIVES.
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.
-
501(C)(3) · TO PROVIDE SUPPORT SERVICES TO AREA SENIORS · PA
Directly controlled by LUTHERAN SENIOR LIFE
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 8 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441309349301519
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