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Nonprofiteer
← THE LANDMARKS FINANCIAL CORPORATION

Form 990 for tax year 2025

Filed by THE LANDMARKS FINANCIAL CORPORATION.

Totals

Total revenue
$40,438,468
Total expenses
$2,470,279
Contributions and grants received
$0
Grants paid
$2,168,257
Program service revenue
$0
Investment income
$40,438,468
Other revenue
$0
Total assets, end of year
$191,069,847
Total liabilities, end of year
$627,839
Net assets or fund balances, end of year
$190,442,008
Program services expenses (Part IX)
$2,440,740
Management and general expenses
$29,539
Fundraising expenses
$0
Program service expenses (Part III)
$2,440,740

Program services were 98.8% 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 $2,017,029 · excluded $2,017,029

  • 7a · Gross sales of assets other than inventory

    securities $199,071,948

  • 7b · Less cost or other basis and sales expenses

    securities $160,650,509

  • 7c · Gain or loss

    securities $38,421,439

  • 7d · Net gain or loss

    total $38,421,439 · excluded $38,421,439

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,168,257 · program services $2,168,257

  • 11c · Fees: accounting

    total $10,721 · management and general $10,721

  • 11f · Fees: investment management

    total $264,483 · program services $264,483

  • 19 · Conferences, conventions and meetings

    total $909 · management and general $909

  • 23 · Insurance

    total $17,909 · management and general $17,909

  • 24a · Other expenses: TAXES

    total $5,910 · program services $5,910

  • 24b · Other expenses: PROCESSING FEES

    total $2,090 · program services $2,090

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $378,300 · end of year $605,628

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,781 · end of year $12,387

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

    $20,000

  • 10c · Land, buildings and equipment, net

    beginning of year $20,000 · end of year $20,000

  • 11 · Investments: publicly traded securities

    beginning of year $159,104,209 · end of year $183,946,561

  • 12 · Investments: other securities

    beginning of year $6,984,013 · end of year $6,485,271

  • 15 · Other assets

    beginning of year $500

  • 17 · Accounts payable and accrued expenses

    beginning of year $316,947 · end of year $458,944

  • 25 · Other liabilities

    beginning of year $224,075 · end of year $168,895

  • 27 · Net assets without donor restrictions

    beginning of year $160,526,723 · end of year $184,174,085

  • 28 · Net assets with donor restrictions

    beginning of year $5,433,058 · end of year $6,267,923

Mission and programs · 2025

Mission

TO HOLD, MANAGE, INVEST, AND DISTRIBUTE FUNDS IN WAYS WHICH PROMOTE & SUPPORT OR WHICH ARE IN FUTHERANCE OF THE INTERESTS AND PURPOSES OF PITTSBURGH HISTORY & LANDMARKS FOUNDATION & OTHER ORGANIZATIONS WHICH (A) QUALIFY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, (B) ARE SECTION 509(A)(1) OR 509(A)(2) ORGANIZATIONS, AND (C) ARE OPERATED IN CONNECTION WITH PITTSBURGH HISTORY & LANDMARKS FOUNDATION.

Activities or mission (Part I)

TO HOLD, MANAGE, INVEST, AND DISTRIBUTE FUNDS IN WAYS WHICH PROMOTE AND SUPPORT, OR WHICH ARE IN FUTHERANCE OF THE INTERESTS AND PURPOSES OF PITTSBURGH HISTORY & LANDMARKS FOUNDATION AND OTHER ORGANIZATIONS WHICH (A) QUALIFY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, (B) ARE SECTION 509(A)(1) OR 509(A)(2) ORGANIZATIONS, AND (C) ARE OPERATED IN CONNECTION WITH PITTSBURGH HISTORY & LANDMARKS FOUNDATION.

  • INVESTMENT MANAGEMENT AND SUPPORT FOR PITTSBURGH HISTORY & LANDMARKS FOUNDATION AND OTHER RELATED ORGANIZATIONS.

    Expenses $2,440,740 · Grants $2,168,257

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Corbin P Miller

    CHAIR

    Total calculated
    $0
    Hours/week
    1.5

  • Jt Thomas

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Mark Gorman

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Larry Dunn

    TREASURER

    Total calculated
    $0
    Hours/week
    0.25

  • Adam Embry

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.15

  • Kevin Jenkins

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Rajeev Nath

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • Curtiss Porter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Ron Reid

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Matt Sanfilippo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Steven Sekelik

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Dana Stroucken

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • Lara Washington

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Andrew Wozniak

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Elise Roby Yanders

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Arthur P Ziegler Jr

    CO-FOUNDER

    Total calculated
    $387,627
    From this org
    $0
    From related orgs
    $354,936
    Other
    $32,691
    Hours/week
    1.6 + 38.4 related

    Schedule J breakdown matched by us

    Base
    $0 + $354,936 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $17,757 related
    Nontaxable benefits
    $0 + $14,934 related
    Filer's total
    $0 + $387,627 related

  • Michael Sriprasert

    PRESIDENT

    Total calculated
    $419,182
    From this org
    $0
    From related orgs
    $380,713
    Other
    $38,469
    Hours/week
    1.2 + 38.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $367,213 related
    Bonus
    $0 + $13,500 related
    Other
    $0
    Deferred
    $0 + $19,067 related
    Nontaxable benefits
    $0 + $19,402 related
    Filer's total
    $0 + $419,182 related

  • Andrew Marks

    CONTROLLER

    Total calculated
    $160,989
    From this org
    $0
    From related orgs
    $125,802
    Other
    $35,187
    Hours/week
    12.8 + 27.2 related

    Schedule J breakdown matched by us

    Base
    $0 + $125,802 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,321 related
    Nontaxable benefits
    $0 + $28,866 related
    Filer's total
    $0 + $160,989 related

  • Donald Kortlandt

    GENERAL COUNSEL

    Total calculated
    $271,939
    From this org
    $0
    From related orgs
    $229,866
    Other
    $42,073
    Hours/week
    4.6 + 35.4 related

    Schedule J breakdown matched by us

    Base
    $0 + $229,866 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $11,524 related
    Nontaxable benefits
    $0 + $30,549 related
    Filer's total
    $0 + $271,939 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. 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

Answered yes

  • 2 · Substantiation required before reimbursing expenses

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CRESCENT APARTMENTS LLC

    REAL ESTATE DEVELOPER · PA · income -$377,768 · assets $6,342,794

    Directly controlled by LANDMARKS DEVELOPMENT CORPORATION

  • FALCONHURST GP LLC

    REAL ESTATE DEVELOPER · PA · income -$55 · assets -$384

    Directly controlled by LANDMARKS DEVELOPMENT CORPORATION

  • MARKET AT FIFTH LLC

    HISTORIC PROPERTY RESTORATION · PA · income -$140,731 · assets $2,807,592

    Directly controlled by LANDMARKS DEVELOPMENT CORPORATION

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • FALCONHURST RESTORATION LP

    INVESTMENT · REAL ESTATE DEVELOPER · PA · 0.01% owned · general or managing partner

    Directly controlled by THE LANDMARKS DEVELOPMENT CORPORATION

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • THE LANDMARKS DEVELOPMENT CORPORATION

    C · REAL ESTATE MANAGEMENT AND DEVELOPER · PA · 100% owned · share of income -$1,494,337 · share of assets $6,583,555 · controlled entity

    Directly controlled by THE LANDMARKS FINANCIAL CORPORATION

Provenance

Return type
form_990
Tax year
2025
Filed
31 August 2026
IRS schema version
2025v4.2
Source object
202632439349300518

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