THE LANDMARKS FINANCIAL CORPORATION: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
THE LANDMARKS FINANCIAL CORPORATION (EIN 25-1471828)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-10-29
IRS object ID
202133029349301103
Schema version
2020v4.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2021-10-29T07:23:30-05:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN251622758PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MAHER DUESSEL CPA'SBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1503 MARTINDALE STREET SUITE 600AddressLine1Txt
CityPITTSBURGHCityNm
State AbbreviationPAStateAbbreviationCd
ZIP15212ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN251471828EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE LANDMARKS FINANCIAL CORPORATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLANDBusinessNameControlTxt
Phone4124715808PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1100 W STATION SQUARE DRIVE NO 45AddressLine1Txt
CityPITTSBURGHCityNm
State AbbreviationPAStateAbbreviationCd
ZIP15219ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMICHAEL SRIPRASERTPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone4124715808PhoneNum
Signature2021-10-29SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstMICHAELPersonFirstNm
Person LastSRIPRASERTPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDAVID P DUESSELPreparerPersonNm
PTINP00229536PTIN
Phone4124715500PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMICHAEL SRIPRASERTPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1100 W STATION SQUARE DRIVE NO 450AddressLine1Txt
CityPITTSBURGHCityNm
State AbbreviationPAStateAbbreviationCd
ZIP15219ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$44,965,304GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1984FormationYr
Legal Domicile StatePALegalDomicileStateCd
Activity Or MissionTO 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.ActivityOrMissionDesc
Voting Members Governing Body15VotingMembersGoverningBodyCnt
Voting Members Independent15VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers15TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$4,443,010PYInvestmentIncomeAmt
CY Investment Income$8,803,240CYInvestmentIncomeAmt
PY Other Revenue$905PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$4,443,915PYTotalRevenueAmt
CY Total Revenue$8,803,240CYTotalRevenueAmt
PY Grants And Similar Paid$2,273,284PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,756,753CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$170,418PYOtherExpensesAmt
CY Other Expenses$160,503CYOtherExpensesAmt
PY Total Expenses$2,443,702PYTotalExpensesAmt
CY Total Expenses$1,917,256CYTotalExpensesAmt
PY Revenues Less Expenses$2,000,213PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$6,885,984CYRevenuesLessExpensesAmt
Total Assets BOY$135,338,871TotalAssetsBOYAmt
Total Assets EOY$147,203,731TotalAssetsEOYAmt
Total Liabilities BOY$325,948TotalLiabilitiesBOYAmt
Total Liabilities EOY$506,856TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$135,012,923NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$146,696,875NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO 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.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$1,893,009ExpenseAmt
Grant$1,756,753GrantAmt
DescINVESTMENT MANAGEMENT AND SUPPORT FOR PITTSBURGH HISTORY & LANDMARKS FOUNDATION AND OTHER RELATED ORGANIZATIONS.Desc
Total Program Service Expenses$1,893,009TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control Ent0TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members15GoverningBodyVotingMembersCnt
Independent Voting Member15IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org DocumentsYes (1)ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldPAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1REBECCA SPINABusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4124715808PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1100 W STATION SQUARE DRIVE NO 450AddressLine1Txt
CityPITTSBURGHCityNm
State AbbreviationPAStateAbbreviationCd
ZIP15219ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (19 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtKey EmployeeKeyEmployeeInd
WILLIAM HART
CHAIR2.00Yes (X)Yes (X)$0$0$0
JANA LYONS
VICE CHAIR0.50Yes (X)Yes (X)$0$0$0
DR HERMAN L REID JR
VICE CHAIR2.00Yes (X)Yes (X)$0$0$0
MARK GORMAN
SECRETARY1.00Yes (X)Yes (X)$0$0$0
CURTIS C RANDLE EL
TREASURER1.00Yes (X)Yes (X)$0$0$0
ADAM EMBRY
TRUSTEE0.50Yes (X)$0$0$0
DIANA FROATS
TRUSTEE0.50Yes (X)$0$0$0
BEN GARBER
TRUSTEE0.50Yes (X)$0$0$0
DR LLOYD G GIBSON
TRUSTEE0.50Yes (X)$0$0$0
KEVIN O'DONNELL
TRUSTEE0.50Yes (X)$0$0$0
EMORY L REDD
TRUSTEE0.50Yes (X)$0$0$0
STEVE SEKELIK
TRUSTEE0.50Yes (X)$0$0$0
JUD STEWART
TRUSTEE1.00Yes (X)$0$0$0
ANDREW WOZNIAK
TRUSTEE1.00Yes (X)$0$0$0
ELISE ROBY YANDERS
TRUSTEE0.50Yes (X)$0$0$0
ARTHUR P ZIEGLER JR
PRESIDENT EMERITUS1.00Yes (X)$0$291,318$24,90839.00
MICHAEL SRIPRASERT
PRESIDENT1.00Yes (X)$0$231,042$17,51239.00
REBECCA SPINA
CHIEF FINANCIAL OFFICER12.00Yes (X)$0$102,708$29,26828.00
DONALD KORTLANDT
GENERAL COUNSEL2.00$0$190,658$30,13738.00Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$815,726TotReportableCompRltdOrgAmt
Total Other Compensation$101,825TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,326,637TotalRevenueColumnAmt
Exclusion$3,326,637ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$41,638,667SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$36,162,064SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$5,476,603SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,476,603TotalRevenueColumnAmt
Exclusion$5,476,603ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$8,803,240TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$8,803,240ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$1,756,753TotalAmt
Program Services$1,756,753ProgramServicesAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$10,000TotalAmt
Management And General$10,000ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$134,139TotalAmt
Program Services$134,139ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$29TotalAmt
Management And General$29ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$901TotalAmt
Management And General$901ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$12,638TotalAmt
Management And General$12,638ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
TAXES$2,117$2,117
BANKING FEES$679$679

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,917,256TotalAmt
Program Services$1,893,009ProgramServicesAmt
Management And General$24,247ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$382,636BOYAmt
EOY$323,276EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$8,226BOYAmt
EOY$15,346EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$20,000LandBldgEquipCostOrOtherBssAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$20,000BOYAmt
EOY$20,000EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$110,262,392BOYAmt
EOY$126,068,344EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$24,665,590BOYAmt
EOY$20,776,715EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$27BOYAmt
EOY$50EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$135,338,871BOYAmt
EOY$147,203,731EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$325,948BOYAmt
EOY$293,479EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$213,377EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$325,948BOYAmt
EOY$506,856EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$131,619,376BOYAmt
EOY$143,066,848EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$3,393,547BOYAmt
EOY$3,630,027EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$135,012,923BOYAmt
EOY$146,696,875EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$135,338,871BOYAmt
EOY$147,203,731EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$6,885,984ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$4,797,968NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Supporting Organization509a3Yes (X)SupportingOrganization509a3Ind
Supporting Org Type1Yes (X)SupportingOrgType1Ind
Supported Organizations2SupportedOrganizationsCnt

Supported Org Information SupportedOrgInformationGrp (2 entries)

EINEINOrganization TypeOrganizationTypeCdGoverning Document ListedGoverningDocumentListedIndSupportSupportAmtOther SupportOtherSupportAmt
PITTSBURGH HISTORY & LANDMARKS FOUNDATION
2560585607Yes (1)$1,584,224$0
LANDMARKS COMMUNITY CAPITAL CORPORATION
26111429870$107,000$0
FieldValueIRS element (for citing)
Supported Organizations Total2SupportedOrganizationsTotalCnt
Support Sum$1,691,224SupportSumAmt
Other Support Sum$0OtherSupportSumAmt

Form990 Sch A Supporting Org Form990SchASupportingOrgGrp

FieldValueIRS element (for citing)
Listed By Name Governing Doc0ListedByNameGoverningDocInd
Suprt Org No IRS Determination0SuprtOrgNoIRSDeterminationInd
Supported Org Section C4560SupportedOrgSectionC456Ind
Supported Org Not Organized US0SupportedOrgNotOrganizedUSInd
Organization Change Suprt Org0OrganizationChangeSuprtOrgInd
Support Non Supported Org0SupportNonSupportedOrgInd
Payment Substantial Contribtr0PaymentSubstantialContribtrInd
Loan Disqualified Person0LoanDisqualifiedPersonInd
Controlled Disqualified Prsn0ControlledDisqualifiedPrsnInd
Disqualified Prsn Controll Int0DisqualifiedPrsnControllIntInd
Disqualified Prsn Ownr Int0DisqualifiedPrsnOwnrIntInd
Excess Business Holdings Rules0ExcessBusinessHoldingsRulesInd
Contribution Controller0ContributionControllerInd
Contribution Family0ContributionFamilyInd
Contribution35 Controlled0Contribution35ControlledInd

Form990 Sch A Type1 Suprt Org Form990SchAType1SuprtOrgGrp

FieldValueIRS element (for citing)
Power Appoint Majority Dir TrstYes (1)PowerAppointMajorityDirTrstInd
Operate Benefit Non Suprt OrgYes (1)OperateBenefitNonSuprtOrgInd

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART IV, SECTION A, LINE 1THE LANDMARKS FINANCIAL CORPORATION'S ARTICLES OF INCORPORATION PROVIDE FOR THE SUPPORT OF PITTSBURGH HISTORY AND LANDMARKS FOUNDATION AND "OTHER ORGANIZATIONS WHICH (A) QUALIFY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1954, AS AMENDED, OR THE CORRESPONDING PROVISIONS OF ANY FUTURE UNITED STATES REVENUE LAW), (B) ARE SECTION 509(A)(2) ORGANIZATIONS, AND(C) ARE OPERATED, SUPERVISED OR CONTROLLED BY, OR OPERATED IN CONNECTION WITH PITTSBURGH HISTORY & LANDMARKS FOUNDATION." USING THAT CRITERIA, LFC PROVIDES SUPPORT FOR PHLF, AND PHLF'S WHOLLY OWNED SUBSIDIARY, LANDMARKS COMMUNITY CAPITAL CORPORATION.
PART IV, SECTION B, LINE 2THE ORGANIZATION, PITTSBURGH HISTORY & LANDMARKS FOUNDATION (PHLF), WHICH CONTROLS THIS SUPPORTING ORGANIZATION, DIRECTS THIS SUPPORTING ORGANIZATION FROM TIME TO TIME TO PROVIDE SUPPORT TO PHLF'S SUBSIDIARY, LANDMARKS COMMUNITY CAPITAL CORPORATION, TO SUPPORT THE REVITALIZATION AND REDEVELOPMENT OF HISTORIC COMMUNITIES THROUGH LENDING, PROVIDING EQUITY INVESTMENTS, AND OTHER PROGRAMS AIMED AT AMELIORATING COMMUNITY DETERIORATION AND BLIGHT.

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,972,711BeginningYearBalanceAmt
Contributions$67,841ContributionsAmt
Investment Earnings Or Losses$216,975InvestmentEarningsOrLossesAmt
Grants Or Scholarships$104,500GrantsOrScholarshipsAmt
End Year Balance$3,153,027EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,558,449BeginningYearBalanceAmt
Contributions$65,629ContributionsAmt
Investment Earnings Or Losses$466,263InvestmentEarningsOrLossesAmt
Grants Or Scholarships$117,630GrantsOrScholarshipsAmt
End Year Balance$2,972,711EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,736,238BeginningYearBalanceAmt
Contributions$68,325ContributionsAmt
Investment Earnings Or Losses-$133,239InvestmentEarningsOrLossesAmt
Grants Or Scholarships$112,875GrantsOrScholarshipsAmt
End Year Balance$2,558,449EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,773,032BeginningYearBalanceAmt
Contributions$423,736ContributionsAmt
Investment Earnings Or Losses$625,220InvestmentEarningsOrLossesAmt
Grants Or Scholarships$85,750GrantsOrScholarshipsAmt
End Year Balance$2,736,238EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,740,577BeginningYearBalanceAmt
Contributions$6,570ContributionsAmt
Investment Earnings Or Losses$121,800InvestmentEarningsOrLossesAmt
Grants Or Scholarships$95,915GrantsOrScholarshipsAmt
End Year Balance$1,773,032EndYearBalanceAmt
FieldValueIRS element (for citing)
Prmnnt Endowment Balance EOY0.62000PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.38000TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$20,000InvestmentCostOrOtherBasisAmt
Book Value$20,000BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$20,000TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (4 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
LP - PRIVATE EQUITY$10,319,613F
LP - SUBORDINATED DEBT$142,612F
LP - REAL ESTATE$113,892F
INVESTMENT LANDMARKS DEVELOPMENT CORPORATION$10,200,598F
FieldValueIRS element (for citing)
Total Book Value Securities$20,776,715TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescDUE TO RELATED ENTITIESDesc
Amt$213,377Amt
FieldValueIRS element (for citing)
Total Liability$213,377TotalLiabilityAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE D, PART V, LINE 4FormAndLineReferenceDesc
ExplanationENDOWMENT FUNDS ARE TO BE USED TO FURTHER THE MISSION OF THE PARENT COMPANY, PITTSBURGH HISTORY & LANDMARKS FOUNDATION, WHICH IS TO IDENTIFY AND SAVE HISTORICALLY SIGNIFICANT PLACES.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
PITTSBURGH HISTORY AND LANDMARKS FOUNDATION
100 W STATION SQUARE DRIVEPITTSBURGHPA15219256058560501(C)(3)$1,584,224OPERATIONS SUPPORT
LANDMARKS COMMUNITY CAPITAL CORPORATION
100 W STATION SQUARE DRIVEPITTSBURGHPA15219251114298501(C)(3)$107,000OPERATIONS SUPPORT
FieldValueIRS element (for citing)
Total501c3 Org2Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationTHE LANDMARKS FINANCIAL CORPORATION (LFC) FOLLOWS ESTABLISHED DISBURSEMENT PROCEDURES THAT ENSURE ALL PAYMENTS ARE PROPERLY DOCUMENTED, SUPPORTED, AND RECORDED, APPROVED BY THE APPROPRIATE OFFICIALS AND MANAGEMENT, MADE FOR VALID PURPOSES THAT ARE REASONABLE AND NECESSARY, AND MADE IN COMPLIANCE WITH GOVERNMENT REGULATIONS. LFC DISBURSES FUNDS TO AFFILIATED ORGANIZATIONS TO SUPPORT SPECIFIC PROGRAM INITIATIVES AND PROVIDE GENERAL OPERATING SUPPORT.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Club Dues Or FeesYes (X)ClubDuesOrFeesInd
Written Policy Ref T And E ExpnssYes (1)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (1)SubstantiationRequiredInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
ARTHUR P ZIEGLER JR
PRESIDENT EMERITUS$0$281,318$0$10,000$0$0$0$14,576$0$10,332$0$316,226$0$0
MICHAEL SRIPRASERT
PRESIDENT$0$231,042$0$0$0$0$0$11,583$0$5,929$0$248,554$0$0
DONALD KORTLANDT
GENERAL COUNSEL$0$190,658$0$0$0$0$0$9,564$0$20,573$0$220,795$0$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2ARTHUR P. ZIEGLER AND MICHAEL SRIPRASERT ARE MEMBERS OF TWO LLCS, ONE THAT OWNS AND OPERATES AN EIGHT UNIT APARTMENT BUILDING IN BELLEVUE, PA, AND THE OTHER OF WHICH OWNS A FIVE UNIT APARTMENT BUILDING IN BELLEVUE, PA.
FORM 990, PART VI, SECTION A, LINE 4THE LFC BOARD AMENDED THE LFC BYLAWS ON NOVEMBER 18, 2020 TO PROVIDE THAT: 1. THE MAXIMUM NUMBER OF TRUSTEES WAS INCREASED FROM 15 TO 16 VOTING MEMBERS AND ONE NON-VOTING MEMBER. 2. THE SECRETARY, ASSISTANT SECRETARY, TREASURER AND ASSISTANT TREASURER MAY UTILIZE STAFF OF THE CORPORATION IN THE EXECUTION OF THEIR DUTIES.
FORM 990, PART VI, SECTION A, LINE 6THE PITTBURGH HISTORY & LANDMARKS FOUNDATION, THE PARENT ORGANIZATION OF LFC IS THE SOLE MEMBER OF LFC.
FORM 990, PART VI, SECTION A, LINE 7ATHE PITTSBURGH HISTORY & LANDMARKS FOUNDATION (PHLF), THE PARENT ORGANIZATION OF LFC, ELECTS THE TRUSTEES OF THE LFC BOARD OF TRUSTEES.
FORM 990, PART VI, SECTION A, LINE 7BTHE ARTICLES OF INCORPORATION OF LFC AND THE LFC BY-LAWS MAY NOT BE AMENDED OR REPEALED WITHOUT APPROVAL OF PHLF PURSUANT TO THE LFC BY-LAWS.
FORM 990, PART VI, SECTION B, LINE 11BTHE PHLF AUDIT COMMITTEE (INCLUDING A REPRESENTATIVE OF LFC) MEETS TO REVIEW, DISCUSS, AND APPROVE THE FINAL DRAFT OF THE FORM 990. FOLLOWING APPROVAL BY THE PHLF AUDIT COMMITTEE AND PRIOR TO SUBMISSION OF THE FORM 990 TO THE IRS, DRAFTS OF THE FORM 990 ARE SENT TO THE LFC TRUSTEES FOR REVIEW, COMMENT AND/OR REVISION UP TO A CERTAIN DATE.
FORM 990, PART VI, SECTION B, LINE 12CTRUSTEES ARE REQUIRED TO COMPLETE AND SUBMIT TO LFC A CONFLICTS DISCLOSURE STATEMENT ON AN ANNUAL BASIS PURSUANT TO LFC'S CONFLICT OF INTEREST POLICY. THE CONFLICTS DISCLOSURE STATEMENT INCLUDES INFORMATION NEEDED TO IDENTIFY ACTUAL AND POTENTIAL CONFLICTS SUCH AS CURRENT EMPLOYER, SIGNIFICANT INVESTMENTS, POSITIONS ON OTHER ORGANIZATION/CORPORATION, AND INFORMATION OF FAMILY MEMBERS. THE COMPLETED CONFLICTS DISCLOSURE STATEMENTS ARE REVIEWED AND RETAINED BY THE GENERAL COUNSEL.
FORM 990, PART VI, SECTION C, LINE 19ALL GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS OF PHLF ARE MADE AVAILABLE TO THE PUBLIC BY CONTACTING THE ACCOUNTING DEPARTMENT TO SCHEDULE A TIME DURING REGULAR BUSINESS HOURS TO REVIEW THOSE DOCUMENTS. IF APPROPRIATE, THE INFORMATION MAY BE MAILED OR E-MAILED TO AN INTERESTED PARTY FOR REVIEW.
FORM 990, PART VI, SECTION B, LINE 15:NO SALARY EXPENSES ARE INCURRED BY LFC. INSTEAD, LFC'S PARENT ORGANIZATION, PHLF, INCURS SALARY EXPENSES AND HAS A COMPENSATION COMMITTEE THAT FOLLOWS A DUE DILIGENCE PROCESS DESCRIBED ON PHLF'S FORM 990.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdTotal IncomeTotalIncomeAmtEnd Of Year AssetsEndOfYearAssetsAmtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
CRESCENT APARTMENTS LLC
100 W STATION SQUARE DRIVEPITTSBURGHPA15219271207594REAL ESTATE DEVELOPERPA-$214,739$7,116,084LANDMARKS DEVELOPMENT CORPORATION
FALCONHURST GP LLC
100 W STATION SQUARE DRIVEPITTSBURGHPA15219471946434REAL ESTATE DEVELOPERPA-$39-$199LANDMARKS DEVELOPMENT CORPORATION
MARKET AT FIFTH LLC
100 W STATION SQUARE DRIVEPITTSBURGHPA15219208888403HISTORIC PROPERTY RESTORATIONPA-$149,067$3,565,646LANDMARKS DEVELOPMENT CORPORATION

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtDirect Controlling NADirectControllingNACdControlled OrganizationControlledOrganizationIndBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
PITTSBURGH HISTORY & LANDMARKS FOUNDATION
100 W STATION SQUARE DRIVE SUITE 10PITTSBURGHPA15219256058560HISTORIC PRESERVATIONPA501(C)(3)LINE 7N/AYes (1)
LANDMARKS COMMUNITY CAPITAL CORPORATION
100 W STATION SQUARE DRIVE SUITE 45PITTSBURGHPA15219261114298COMMUNITY ECONOMIC DEVELOPMENTPA501(C)(3)LINE 7Yes (1)PITTSBURGH HISTORY AND LANDMARKS FOUNDATION

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1FALCONHURST RESTORATION LPBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1100 W STATION SQUARE DRIVE SUITE 45AddressLine1Txt
CityPITTSBURGHCityNm
State AbbreviationPAStateAbbreviationCd
ZIP15219ZIPCd
FieldValueIRS element (for citing)
EIN352516852EIN
Primary ActivitiesREAL ESTATE DEVELOPERPrimaryActivitiesTxt
Legal Domicile StatePALegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1THE LANDMARKS DEVELOPMENT CORPORATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Predominant Income TypeINVESTMENTPredominantIncomeTypeTxt
Share Of Total Income-$39ShareOfTotalIncomeAmt
Share Of EOY Assets-$199ShareOfEOYAssetsAmt
Disproportionate Allocations0DisproportionateAllocationsInd
General Or Managing PartnerYes (1)GeneralOrManagingPartnerInd
Ownership0.00010OwnershipPct

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1THE LANDMARKS DEVELOPMENT CORPORATIONBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1100 W STATION SQUARE DRIVE SUITE 45AddressLine1Txt
CityPITTSBURGHCityNm
State AbbreviationPAStateAbbreviationCd
ZIP15219ZIPCd
FieldValueIRS element (for citing)
EIN251467656EIN
Primary ActivitiesREAL ESTATE MANAGEMENT AND DEVELOPERPrimaryActivitiesTxt
Legal Domicile StatePALegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1THE LANDMARKS FINANCIAL CORPORATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Entity TypeCEntityTypeTxt
Share Of Total Income-$1,094,241ShareOfTotalIncomeAmt
Share Of EOY Assets$10,373,916ShareOfEOYAssetsAmt
Ownership1.00000OwnershipPct
Controlled OrganizationYes (1)ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (1)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (2 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
PITTSBURGH HISTORY & LANDMARKS FOUNDATION
B$1,584,224COST
THE LANDMARKS COMMUNITY CAPITAL CORPORATION
B$107,000COST

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