Verland Foundation Inc
- Assets
- $17.8m
- Revenue
- $26.5m
- Investments
- $0.0
- Employees
- 366
- Location
- Sewickley, PA
- Founding
- 08/1978
- Data as of
- 06/2022
- EIN
- 25-1344230
Organization Overview
Verland Foundation Inc is located in Sewickley, PA. The organization was established in 1978. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 06/2022, Verland Foundation Inc employed 366 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Verland Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Verland Foundation Inc generated $26.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $26.2m during the year ending 06/2022. While expenses have increased by 6.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
LONG TERM RESIDENTIAL CARE TO INDIVIDUALS WITH INTELLECTUAL AND/OR PHYSICAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE VERLAND FOUNDATION SEWICKLEY PROGRAM PROVIDES SERVICES FOR 94 PHYSICALLY AND INTELLECTUALLY CHALLENGED INDIVIDUALS TO LIVE IN A CAMPUS SETTING WHERE INDIVIDUALS RECEIVE THE PHYSICAL, MEDICAL, AND THERAPEUTIC SUPPORT NECESSARY FOR THEM TO LIVE AS INDEPENDENTLY AS POSSIBLE.
THE VERLAND FOUNDATION ORC PROGRAM PROVIDES THE OPPORTUNITY FOR 8 PHYSICALLY CHALLENGED INDIVIDUALS TO LIVE IN A COMMUNITY BASED SETTING AND FOR THE INDIVIDUALS TO LIVE AS INDEPENDENTLY AS POSSIBLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William F Harriger President CEO | OfficerTrustee | 0.3 | $0 |
Carol B Mitchell Deputy CEO | OfficerTrustee | 0.3 | $0 |
Daniel O'malley Chairperson | OfficerTrustee | 0.3 | $0 |
David P Duessel Treasurer | OfficerTrustee | 0.3 | $0 |
Paul B Long Secretary | OfficerTrustee | 0.3 | $0 |
Raymond Huber Director | Trustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Maxim Healthcare Services Inc Staffing | 6/29/21 | $1,095,593 |
Stat Staffing Medical Staffing | 6/29/21 | $165,300 |
Flagstar Nursing Staffing | 6/29/21 | $529,099 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $24,998,639 |
| All other contributions, gifts, grants, and similar amounts not included above | $544,975 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,543,614 |
| Total Program Service Revenue | $882,852 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $87,000 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,530,158 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,315,494 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,368,960 |
| Payroll taxes | $1,074,623 |
| Fees for services: Management | $2,366,874 |
| Fees for services: Legal | $103,295 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,546,520 |
| Advertising and promotion | $0 |
| Office expenses | $429,853 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $895,594 |
| Travel | $52,731 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $204,280 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $623,721 |
| Insurance | $96,549 |
| All other expenses | $10,483 |
| Total functional expenses | $26,228,624 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $304,856 |
| Savings and temporary cash investments | $1,245,673 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,553,189 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $49,116 |
| Net Land, buildings, and equipment | $7,391,409 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,273,153 |
| Total assets | $17,817,396 |
| Accounts payable and accrued expenses | $3,627,406 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $4,997,811 |
| Escrow or custodial account liability | $457,083 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $290,335 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,684,849 |
| Total liabilities | $15,057,484 |
| Net assets without donor restrictions | $2,158,929 |
| Net assets with donor restrictions | $600,983 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $17,817,396 |