Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
VERSACARE INC
 
Number and street (or P.O. box number if mail is not delivered to street address)25745 BARTON ROAD 515
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LOMA LINDA, CA92354
A Employer identification number

33-0052434
B Telephone number (see instructions)

(951) 343-5800
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$67,492,992J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 400
2 Check right arrow.............
3 Interest on savings and temporary cash investments 1,493,078 1,495,434  
4 Dividends and interest from securities... 916,574 916,574  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,985,534
b Gross sales price for all assets on line 6a 8,913,536
7 Capital gain net income (from Part IV, line 2)... 1,985,534
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
255,996 49,871  
12 Total. Add lines 1 through 11........ 4,651,582 4,447,413  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 164,321 60,554   103,767
14 Other employee salaries and wages...... 53,789 19,822   33,967
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
4,610 1,521   2,674
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
59,000 19,470   10,030
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
297,600 218,206   79,394
17 Interest............... 71 71   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
7,388 7,388   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 48,298 14,098   34,200
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
92,166 68,338   23,828
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 727,243 409,468   287,860
25 Contributions, gifts, grants paid....... 2,827,022 2,840,850
26 Total expenses and disbursements. Add lines 24 and 25 3,554,265 409,468   3,128,710
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,097,317
b Net investment income (if negative, enter -0-) 4,037,945
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 383,961 181,657 181,657
2 Savings and temporary cash investments......... 3,067,786 3,908,450 3,908,450
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow19,120,948
Less: allowance for doubtful accounts right arrow0 19,562,819 Click to see attachment
List of Attached Documents:
// Content
19,120,948 		19,120,948
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 38,752    
10a Investments—U.S. and state government obligations (attach schedule) 3,421,185 Click to see attachment
List of Attached Documents:
// Content
2,455,325 		2,455,325
b Investments—corporate stock (attach schedule)....... 27,678,146 Click to see attachment
List of Attached Documents:
// Content
33,201,775 		33,201,775
c Investments—corporate bonds (attach schedule)....... 6,349,754 Click to see attachment
List of Attached Documents:
// Content
5,905,617 		5,905,617
11 Investments—land, buildings, and equipment: basis right arrow1,361
Less: accumulated depreciation (attach schedule) right arrow     1,361 1,361
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,118,493 Click to see attachment
List of Attached Documents:
// Content
878,243 		878,243
14 Land, buildings, and equipment: basis right arrow4,450
Less: accumulated depreciation (attach schedule) right arrow4,450      
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
1,960,406 		Click to see attachment
List of Attached Documents:
// Content
1,839,616 		Click to see attachment
List of Attached Documents:
// Content
1,839,616
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 63,581,302 67,492,992 67,492,992
Liabilities 17 Accounts payable and accrued expenses.......... 239,450 12,357
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
450,680 		Click to see attachment
List of Attached Documents:
// Content
497,981
23 Total liabilities (add lines 17 through 22)......... 690,130 510,338
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 62,891,172 66,982,654
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 62,891,172 66,982,654
30 Total liabilities and net assets/fund balances (see instructions). 63,581,302 67,492,992
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
62,891,172
2
Enter amount from Part I, line 27a .....................
2
1,097,317
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
3,402,945
4
Add lines 1, 2, and 3 ..........................
4
67,391,434
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
408,780
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
66,982,654
Form 990-PF (2024)
Form 990-PF (2024)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES P    
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 8,913,536   6,928,002 1,985,534
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       1,985,534
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,985,534
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 56,127
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 56,127
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 56,127
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 52,069
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 50,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 102,069
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 45,942
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow45,942 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowCA, FL
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
Yes
 
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.VERSACARE.ORG
14
The books are in care ofright arrowDANETTE ZUREK Telephone no.right arrow (951) 343-5800

Located atright arrow25745 BARTON ROAD 515LOMA LINDACA ZIP+4right arrow92354
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
Yes
 
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
TOM MACOMBER PRESIDENT
20.00 		90,199 11,200 0
25745 BARTON ROAD SUITE 515
LOMA LINDA,CA92354
DANETTE ZUREK CFO
5.00 		35,463 0 0
25745 BARTON ROAD SUITE 515
LOMA LINDA,CA92354
CHARLES C SANDEFUR CHAIRMAN
3.00 		3,150 0 0
25745 BARTON ROAD SUITE 515
LOMA LINDA,CA92354
ELLEN H BRODERSEN CPA TREASURER
4.00 		3,159 0 0
25745 BARTON ROAD SUITE 515
LOMA LINDA,CA92354
RICHARD WS PERSHING SECRETARY
3.00 		3,150 0 0
25745 BARTON ROAD SUITE 515
LOMA LINDA,CA92354
MYRNA COSTA DIRECTOR
2.00 		2,250 0 0
25745 BARTON ROAD SUITE 515
LOMA LINDA,CA92354
BRAD FORBES DIRECTOR
2.00 		3,150 0 0
25745 BARTON ROAD SUITE 515
LOMA LINDA,CA92354
DARRIEL HOY DIRECTOR
2.00 		3,150 0 0
25745 BARTON ROAD SUITE 515
LOMA LINDA,CA92354
MARISSA LESLIE DIRECTOR
2.00 		3,150 0 0
25745 BARTON ROAD SUITE 515
LOMA LINDA,CA92354
LISA BISSEL PAULSON DIRECTOR
2.00 		3,150 0 0
25745 BARTON ROAD SUITE 515
LOMA LINDA,CA92354
KARI STAUFFER DIRECTOR
3.00 		3,150 0 0
25745 BARTON ROAD SUITE 515
LOMA LINDA,CA92354
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
ARMANINO ADVISORY LLC ACCOUNTING 59,000
12657 ALCOSTA BLVD 500
SAN RAMON,CA84583
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
40,043,527
b
Average of monthly cash balances.......................
1b
3,676,283
c
Fair market value of all other assets (see instructions)................
1c
21,041,854
d
Total (add lines 1a, b, and c).........................
1d
64,761,664
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
64,761,664
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
971,425
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
63,790,239
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,189,512
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
3,189,512
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
56,127
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
56,127
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,133,385
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
3,133,385
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
3,133,385
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
3,128,710
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
3,128,710
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 3,133,385
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 492,854
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 3,128,710
a Applied to 2023, but not more than line 2a 492,854
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 2,635,856
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		497,529
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
KELLY DAUGHERTY PROGRAM DIRECTOR
25745 BARTON ROAD SUITE 515
LOMA LINDA,CA92354
(951) 343-5800
bThe form in which applications should be submitted and information and materials they should include:
CALL OR WRITE FOR APPLICATION FORM.
cAny submission deadlines:
APPLICATION AND ACCOMPANYING MATERIALS DUE DECEMBER 31ST. GRANTS ANNOUNCED BY MARCH 31ST.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
FUNDING WILL BE CONSIDERED FOR INNOVATIVE MINISTRY IDEAS, ESPECIALLY IN THE AREAS OF CHRISTIAN EDUCATION, YOUTH MINISTRY, AND HEALTHCARE.
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

3PS CONNECT

201 LEAMINGTON WAY
IRMO,SC29063 		NONE PC CHARITABLE 25,000

ABILENE JUNIOR ACADEMY

2542 E OVERLAND TRAIL B
ABILENE,TX79601 		NONE PC EDUCATION 7,000

ACTS OF KINDNESS SOCIETY

23589 OLE YALE RD
LANGLEY,BRITISH COLUMBIAV27 2K4
CA 		NONE PC CHARITABLE 20,000

ADVENTIST CHRISTIAN SCHOOL OF MARYVILLE

2921 SEVIERVILLE RD
MARYVILLE,TN37804 		NONE PC EDUCATION 5,000

ADVENTIST CHRISTIAN SCHOOL OF YUBA CITY

369 HARDING RD
YUBA CITY,CA95993 		NONE PC EDUCATION 5,000

ADVENTIST COMMUNITY RESTORATION CENTER

5702 MANOR RIDGE TRAIL
GREENSBORO,NC27407 		NONE PC CHARITABLE 10,000

ADVENTIST HEALTH INTERNATIONAL GLOBAL MEDICAL

11060 ANDERSON ST MAGAN HALL
CRIMSON DR
LOMA LINDA,CA92350 		NONE PC HEALTH 150,000

ADVENTIST YOUNG PROFESSIONALS

8010 GRAMERCY BLVD 486
ROCKVILLE,MD20855 		NONE PC RELIGIOUS 5,000

AFRICAN AMERICAN CHRISTIAN FOUNDATION

6707 W NORTH AVENUE 1
OAK PARK,IL60302 		NONE PC HEALTH 10,000

AGAPE SEVENTH-DAY ADVENTIST CHURCH

6501 BARTMER AVENUE
UNIVERSITY CITY,MO63130 		NONE PC CHARITABLE 10,000

ALLEGHENY EAST CONFERENCE OF SEVENTH-DAY ADVENTISTS

767 DOUGLASS DRIVE
BOYERTOWN,PA19512 		NONE PC EDUCATION 22,000

ANDREWS UNIVERSITY

8488 E CAMPUS CIRCLE DR
BERRIEN SPRINGS,MI49104 		NONE PC EDUCATION 60,000

ATHOLTON ADVENTIST ACADEMY

6520 MARTIN RD
COLUMBIA,MD21044 		NONE PC EDUCATION 10,000

ATLANTA NORTH CHURCH

5123 CHAMBLEE DUNWOODY RD
DUNWOODY,GA30338 		NONE PC CHARITABLE 10,000

BACK2BASICS

22267 E 45TH PL
AURORA,CO80019 		NONE PC EDUCATION 10,000

BEREAN CHRISTIAN JR ACADEMY

401 HAMILTON E HOLMES DR NW
ATLANTA,GA30318 		NONE PC EDUCATION 10,000

BEREAN TRANSFORMATION CENTER OF SEVENTH-DAY ADVENTISTS

623 SOUTH ST JOSEPH STREET
SOUTH BEND,IN46601 		NONE PC CHARITABLE 40,000

BERMUDA INSTITUTE

234 MIDDLE ROAD
SOUTHAMPTON   0SN04
BD 		NONE PC EDUCATION 6,750

BIBLICAL ARCHAEOLOGY SOCIETY

5614 343 CONNECTICUT AVENUE
NORTHWEST
WASHINGTON,DC20015 		NONE PC EDUCATION 2,700

BIG COVE CHRISTIAN ACADEMY

6354 HIGHWAY 431 SOUTH
OWENS CROSS ROADS,AL35763 		NONE PC EDUCATION 5,000

BLACK GIRLS DO ENGINEER CORPORATION

4200 SAN JACINTO ST
HOUSTON,TX77004 		NONE PC EDUCATION 5,000

BLACKBELT & CENTRAL ALABAMA HOUSING AUTHORITY

211 CLAIBORNE STREET
CAMDEN,AL36726 		NONE PC EDUCATION 10,000

BLOOM ANYHOW LLC

2550 S RAINBOW BLVD E27
LAS VEGAS,NV89146 		NONE PC CHARITABLE 25,000

BOLINGBROOK CHURCH

301 EAST BOUGHTON ROAD
BOLINGBROOK,IL60440 		NONE PC RELIGIOUS 19,500

CALEXICO MISSION SCHOOL

601 E FIRST ST
CALEXICO,CA92231 		NONE PC EDUCATION 10,000

CAPITOL CITY SDA CHURCH - WARMING CENTERLEONI MEADOWS

PO BOX 245156
SACRAMENTO,CA95824 		NONE PC RELIGIOUS 30,000

CAPTAIN GILMER CHRISTIAN SCHOOL

257 DOELGER DRIVE
FLETCHER,NC28732 		NONE PC EDUCATION 10,000

CARING HANDS WORLDWIDE

38809 OLD PENGRA ROAD
FALL CREEK,OR97438 		NONE PC HEALTH 10,000

CAROLINA YOUTH DEVELOPMENT CENTER

5055 LACKAWANNA BLVD
NORTH CHARLESTON,SC29405 		NONE PC HEALTH 5,500

CAUGHT UP

19950 MACK
GROSSE POINTE WOODS,MI48236 		NONE PC CHARITABLE 20,000

CEDAR BROOK SCHOOL

24 RALSIE ROAD
REHOBOTH,MA02769 		NONE PC EDUCATION 10,000

CENTRAL STATES CONFERENCE

3301 PARALLEL PKWY
KANSAS CITY,KS66104 		NONE PC RELIGIOUS 9,000

CHILD HUNGER OUTREACH PARTNERS

2 ELIZABETH ST
TOWANDA,PA188481647 		NONE PC CHARITABLE 5,000

COCHISE SDA CHRISTIAN SCHOOL

1462 SOUTH NACO HIGHWAY
BISBEE,AZ85603 		NONE PC EDUCATION 5,000

COLLEGEDALE ACADEMY ELEMENTARY

4820 UNIVERSITY DR
COLLEGEDALE,TN37315 		NONE PC EDUCATION 10,000

COLUMBIA ADVENTIST ACADEMY

11100 NE 189TH ST
BATTLE GROUND,WA98604 		NONE PC EDUCATION 10,000

CRAWFORD PEEL CAMPUS - CAASDA

2250 CREDIT VALLEY RD
MISSISSAUGA,ONTARIOL5M 4L9
CA 		NONE PC EDUCATION 10,000

CYPRESS BEND ADVENTIST ELEMENTARY SCHOOL

2997 FM728
JEFFERSON,TX756576503 		NONE PC EDUCATION 5,000

DES MOINES ADVENTIST SCHOOL

2317 WATROUS AVE
DES MOINES,IA50321 		NONE PC EDUCATION 5,000

DOWNERS GROVE ADVENTIST SCHOOL

5524 LEE AVENUE
DOWNERS GROVE,IL60515 		NONE PC EDUCATION 9,250

ECHO RIDGE CHRISTIAN SCHOOL

15504 LIBERTY CIRCLE
NEVADA CITY,CA95959 		NONE PC EDUCATION 5,000

EL DORADO ADVENTIST SCHOOL

1900 BROADWAY
PLACERVILLE,CA95667 		NONE PC EDUCATION 5,000

EMERALD COAST CHRISTIAN SCHOOL

119 SAINT MARY AVE SW
FORT WALTON BEACH,FL32548 		NONE PC EDUCATION 5,000

EMMA L MINNIS JR ACADEMY

1939 MAGAZINE STREET
LOUISVILLE,KY40203 		NONE PC EDUCATION 5,000

ESCONDIDO ADVENTIST ACADEMY

1301 DEODAR ROAD
ESCONDIDO,CA92026 		NONE PC EDUCATION 9,590

ETHNAN TEMPLE SDA CHURCH

1205 WOOD ST
PITTSBURGH,PA15221 		NONE PC RELIGIOUS 25,000

FAIRHAVEN SDA CHURCH

1379 LOUIS AVENUE
FLINT,MI48505 		NONE PC RELIGIOUS 11,000

FARM STEW INTERNATIONAL

PO BOX 291
PRINCETON,IL61356 		NONE PC CHARITABLE 39,210

FLORAL CREST SCHOOL

1228 COUNTY ROAD 89
BRYANT,AL35958 		NONE PC EDUCATION 5,000

FLORIDA CONFERENCE ASSOCIATION OF SDA

351 S STATE ROAD 434
ALTAMONTE SPRINGS,FL32714 		NONE PC EDUCATION 11,950

FLORIDA CONFERENCE OFFICE OF EDUCATION

351 S STATE ROAD 434
ALTAMONTE SPRINGS,FL32714 		NONE PC EDUCATION 150,000

FOREST LAKE EDUCATION CENTER

500 EDUCATION LOOP
APOPKA,FL32703 		NONE PC EDUCATION 10,000

FORKS SDA CHURCH - CREATION PARK

1141 E DIVISION ST
FORKS,WA98331 		NONE PC RELIGIOUS 25,000

FRANKLIN SDA CHURCH

71 BRENDLE RD
FRANKLIN,NC28734 		NONE PC CHARITABLE 10,000

FREDERICK SEVENTH-DAY ADVENTIST CHURCH - PRAYER AND FITNESS TRAIL

6437 JEFFERSON PIKE
FREDERICK,MD21703 		NONE PC RELIGIOUS 10,000

FRIENDSHIPS FOR HOPE INC

2711 BURDEN WAY
NATIONAL CITY,CA91950 		NONE PC CHARITABLE 25,000

GRACE TEMPLE SEVENTH-DAY ADVENTIST CHURCH

4200 EAST BERRY STREET
FORT WORTH,TX76105 		NONE PC CHARITABLE 20,000

GREATER LANSING ADVENTIST SCHOOL

5330 W ST JOSEPH HWY
LANSING,MI48917 		NONE PC EDUCATION 10,000

GREATER NEW YORK CONFERENCE OF SDA

7 SHELTER ROCK ROAD
MANHASSET,NY110303222 		NONE PC CHARITABLE 40,000

HAWAIIAN MISSION ACADEMY - WINDWARD CAMPUS

160 MOOKUA STREET
KAILUA,HI96734 		NONE PC EDUCATION 5,000

HAYDEN LAKE SEVENTH-DAY ADVENTIST CHURCH

12940 N GOVERNMENT WAY
HAYDEN,ID83935 		NONE PC HEALTH 10,000

HIGHLAND ACADEMY - TN

211 HIGHLAND CIRCLE DR
PORTLAND,TN37148 		NONE PC EDUCATION 10,000

HIGHLAND ADVENTIST SCHOOL - WV

777 KENNEDY ST
ELKINS,WV26241 		NONE PC EDUCATION 10,000

HIGHLAND ELEMENTARY - TN

234 HIGHLAND CIRCLE DRIVE
PORTLAND,TN37148 		NONE PC EDUCATION 10,000

HILLTOP COMMUNITY WORSHIP CENTER

2622 SULLIVANT AVENUE
COLUMBUS,OH43204 		NONE PC CHARITABLE 10,000

HMS RICHARDS ADVENTIST SCHOOL

342 42ND STREET SW
LOVELAND,CO80537 		NONE PC EDUCATION 10,000

HOLBROOK INDIAN SCHOOL

PO BOX 910 MCLAWS RD
HOLBROOK,AZ86025 		NONE PC EDUCATION 40,000

HOOD VIEW ADVENTIST SCHOOL

26505 SE KELSO RD
BORING,OR97009 		NONE PC EDUCATION 7,125

I AM MY SISTERS KEEPER

4547 VALLEY STREAM DRIVE
MEMPHIS,TN38128 		NONE PC CHARITABLE 21,500

INTER AMERICAN DIVISION OF SDA ANTIOCH SDA CHURCH

8100 SW 117TH AVE
MIAMI,FL22183 		NONE PC CHARITABLE 10,000

INTER AMERICAN DIVISION OF SDA BARBADOS SDA SCHOOL

8100 SW 117TH AVE
MIAMI,FL22183 		NONE PC EDUCATION 10,000

INTER AMERICAN DIVISION OF SDA BATES MEMORIAL SCHOOL

8100 SW 117TH AVE
MIAMI,FL22183 		NONE PC EDUCATION 10,000

INTER AMERICAN DIVISION OF SDA NUTRITION FOR LIFE

8100 SW 117TH AVE
MIAMI,FL22183 		NONE PC EDUCATION 40,000

INTER AMERICAN DIVISION OF SDA

8100 SW 117TH AVE
MIAMI,FL22183 		NONE PC CHARITABLE 10,000

INTERNATIONAL CHILDREN'S CARE

2711 NE 134TH WAY
VANCOUVER,WA98686 		NONE PC CHARITABLE 100,000

KINGSWAY COLLEGE

1200 LELAND RD
OSHAWA,ONTARIOL1K 2H5
CA 		NONE PC EDUCATION 10,000

LA SIERRA UNIVERSITY - ARCHAEOLOGY DEPART

4500 RIVERWALK PKWY
RIVERSIDE,CA92505 		NONE PC EDUCATION 25,000

LA SIERRA UNIVERSITY - SCHOOL OF EDUCATION

4500 RIVERWALK PKWY
RIVERSIDE,CA92505 		NONE PC EDUCATION 25,000

LAWRENCEBURG ADVENTIST SCHOOL

11 VALLEY ROAD
LAWRENCEBURG,TN38464 		NONE PC EDUCATION 5,000

LIBERTY MISSION CHURCH COMMUNITY CENTER

1105 46TH ST NE
WASHINGTON,DC20019 		NONE PC CHARITABLE 1,000

LIFEPOINT ACADEMY OF SEVENTH-DAY ADVENTISTS

4298 LIVINGSTON RD
JACKSONVILLE,FL32257 		NONE PC EDUCATION 10,000

LIGHTHOUSE CHURCH

1505 SALEM ROAD
BEAUFORT,SC29902 		NONE PC CHARITABLE 18,000

LINDA VISTA ADVENTIST ELEMENTARY SCHOOL

5050 PERRY WAY
OXNARD,CA930361032 		NONE PC EDUCATION 10,000

LOMA LINDA UNIVERSITY CENTER FOR CHRISTIAN BIOETHICS

11060 ANDERSON ST MAGAN HALL 103
LOMA LINDA,CA92354 		NONE PC EDUCATION 10,000

LOMA LINDA UNIVERSITY CHILDREN'S HEALTH

11060 ANDERSON
LOMA LINDA,CA92354 		NONE PC EDUCATION 20,000

LOVE INC OF LAKE COUNTY

339 LAKEWOOD AVE
WAUKEGAN,IL60085 		NONE PC EDUCATION 3,500

MADISON ACADEMY

100 ACADEMY ROAD
MADISON,TN37115 		NONE PC EDUCATION 10,000

MADISON CAMPUS ELEMENTARY

1515 SUTHERLAND DRIVE
MADISON,TN37115 		NONE PC EDUCATION 10,000

MESA GRANDE ACADEMY

975 FREMONT ST
CALIMESA,CA92320 		NONE PC EDUCATION 10,000

MICHIGAN CONFERENCE EDUCATION DEPARTMENT

5801 WEST MICHIGAN AVENUE
LANSING,MI48917 		NONE PC EDUCATION 20,000

MILLS RIVER SDA SCHOOL

2142 JEFFRESS RD
MILLS RIVER,NC28759 		NONE PC CHARITABLE 10,000

MORRIS PARK SDA CHURCH

800 MORRIS PARK AVE
BRONX,NY10462 		NONE PC CHARITABLE 14,000

MOSES LAKE SEVENTH-DAY ADVENTIST CHURCH

1601 W VALLEY RD
MOSES LAKE,WA98837 		NONE PC CHARITABLE 5,000

MOUNT PISGAH ACADEMY

75 ACADEMY DRIVE
CANDLER,NC28715 		NONE PC EDUCATION 10,000

MOUNTAIN VIEW CHRISTIAN SCHOOL

1010 CLEMENTS RD
MISSOULA,MT59804 		NONE PC EDUCATION 5,000

MT ELLIS ADVENTIST ELEMENTARY SCHOOL

3835 BOZEMAN TRAIL RD
BOZEMAN,MT59715 		NONE PC EDUCATION 10,000

MUSKOGEE SEVENTH-DAY ADVENTIST CHRISTIAN ACADEMY

6106 WEST OKMULGEE
MUSKOGEE,OK74401 		NONE PC EDUCATION 5,000

NAD ADVENT SOURCE

5120 PRESCOTT AVE
LINCOLN,NE68506 		NONE PC RELIGIOUS 10,000

NEEDLES ADVENTIST CHRISTIAN SCHOOL

1405 LILLYHILL DR PO BOX 306
NEEDLES,CA92363 		NONE PC EDUCATION 5,000

NEW BEGINNINGS SDA CHURCH

209 W 21ST ST
WICHITA,KS67203 		NONE PC CHARITABLE 10,000

NEW GAINESVILLE SDA CHURCH - FOOD PANTRY

1813 FLOYD ROAD
GAINESVILLE,GA30017 		NONE PC CHARITABLE 10,000

NEW GAINESVILLE SDA CHURCH - SATACT TUTOR

1813 FLOYD ROAD
GAINESVILLE,GA30017 		NONE PC CHARITABLE 4,800

NEWBURY PARK ADVENTIST ACADEMY

180 ACADEMY DR
NEWBURY PARK,CA91320 		NONE PC EDUCATION 3,500

NORTH AMERICAN DIVIS-SONSCREEN FILM FEST

9705 PATUXENT WOODS DR
COLUMBIA,MD21229 		NONE PC EDUCATION 35,000

NORTH CASCADE SDA CHURCH

800 PEACOCK LANE
BURLINGTON,WA98233 		NONE PC HEALTH 5,000

NORTH COUNTY HEALTH PROJECT INC DBA TRUECARE

150 VALPREDA RD
SAN MARCOS,CA92069 		NONE PC HEALTH 7,500

NORTH TAMPA CHRISTIAN ACADEMY

5585 EAST COUNTY LINE ROAD
WESLEY CHAPEL,FL33544 		NONE PC EDUCATION 10,000

NORTHEAST SEVENTH-DAY ADVENTIST CHURCH - COMMUNITY CENTER

827 TOM HUNTER RD
CHARLOTTE,NC28213 		NONE PC CHARITABLE 25,000

NORTHEASTERN CONFERENCE ADVENTIST YOUTH MINISTRIES DEPARTMENT - SPORTS MINS

115-50 MERRICK BLVD
JAMAICA,NY11434 		NONE PC RELIGIOUS 10,000

NORTHWEST ADVENTIST CHRISTIAN SCHOOL

10570 RANDOLPH
CROWN POINT,IN463074912 		NONE PC EDUCATION 8,000

OAKWOOD ADVENTIST ACADEMY

7000 N ADVENTIST BLVD
HUNTSVILLE,AL358065322 		NONE PC EDUCATION 10,000

OAKWOOD UNIVERSITY - CREATE INNOVATION LAB

7000 ADVENTIST BLVD NW
HUNTSVILLE,AL35896 		NONE PC EDUCATION 10,000

OLIVE CREST

555 TECHNOLOGY COURT SUITE 300
RIVERSIDE,CA92507 		NONE PC CHARITABLE 10,000

OPERATION REACH BACK SOUTHERN CALIFORNIA CHAPTER

6501 BARTMER AVENUE
UNIVERSITY CITY,MO63130 		NONE PC CHARITABLE 10,000

ORANGEWOOD ACADEMY

13732 CLINTON STREET
GARDEN GROVE,CA92843 		NONE PC EDUCATION 10,000

ORCHARD PARK SDA CHURCH

951 N ORCHARD KNOB AVE
CHATTANOOGA,TN37406 		NONE PC CHARITABLE 40,000

OTTAWA ADVENTIST SCHOOL

2191 BENJAMIN AVE
OTTAWA,ONTARIOK2A 1P6
CA 		NONE PC EDUCATION 5,000

PACIFIC UNION COLLEGE CHURCH

10 ANGWIN AVE
ANGWIN,CA94508 		NONE PC CHARITABLE 20,000

PACIFIC UNION CONFERENCE OF SDA

2686 TOWNSGATE ROAD
WESTLAKE VILLAGE,CA91361 		NONE PC RELIGIOUS 40,000

PEACE HILLS ADVENTIST SCHOOL

RR 3 LCD MAIN
WETASKIWIN,ALBERTAT9A 1X1
CA 		NONE PC EDUCATION 5,000

PENN VALLEY SEVENTH DAY ADVENTIST CHURCH

17645 PENN VALLEY DR
PENN VALLEY,CA95946 		NONE PC CHARITABLE 18,000

PLEASANT HILL ADVENTIST ACADEMY

796 GRAYSON ROAD
PLEASANT HILL,CA94523 		NONE PC EDUCATION 10,000

PROJECT PATCH

PO BOX 820209
VANCOUVER,WA98682 		NONE PC CHARITABLE 20,000

QUEBEC ADVENTIST CONFERENCE - GLISE ADVENTISTE DU SEPTIME

940 CH CHAMBLY
LONGUEUIL,QUEBECJ4H 3M3
CA 		NONE PC CHARITABLE 10,000

RAISE YOUR VOICE

2815 DURHAM DR
VENUS,TX76084 		NONE PC CHARITABLE 30,000

RALEIGH SEVENTH-DAY ADVENTIST CHRISTIAN SCHOOL

7125 W 4TH ST 7125
RENO,NV89523 		NONE PC EDUCATION 10,000

RAMAH JR ACADEMY

150 VIENNAWOOD DR
ROCHESTER,NY14618 		NONE PC EDUCATION 5,000

REDLANDS ADVENTIST ACADEMY

130 TENNESSEE STREET
REDLANDS,CA92373 		NONE PC EDUCATION 10,000

REDWOOD ADVENTIST ACADEMY

385 MARK WEST SPRINGS ROAD
SANTA ROSA,CA95404 		NONE PC CHARITABLE 2,535

RESTORATION PRAISE CENTER

14201 OLD STAGE ROAD
BOWIE,MD20720 		NONE PC CHARITABLE 15,000

REUNION SPORTIVE D'HAITI INC

903 KENNEBEC AVE
TAKOMA PARK,MD20912 		NONE PC CHARITABLE 20,000

RICHMOND ACADEMY

12285 PATTERSON AVENUE
RICHMOND,VA23294 		NONE PC EDUCATION 10,000

ROCKY MOUNTAIN CONFERENCE OF SEVENTH-DAY ADVENISTS

960 E HARVARD AVE
DENVER,CO80210 		NONE PC EDUCATION 25,500

SANDY LAKE ACADEMY

435 HAMMONDS PLAINS ROAD
BEDFORD,NOVA SCOTIAB4B 1Y2
CA 		NONE PC EDUCATION 10,000

SANDY SEVENTH-DAY ADVENTIST CHURCH

18575 SE LANGENSAND RD
SANDY,OR97055 		NONE PC CHARITABLE 5,000

SHILOH EXCEL CHRISTIAN SCHOOL

2420 S MAPLE ST
LITTLE ROCK,AR72204 		NONE PC EDUCATION 5,000

SHILOH SDA CHURCH

3660 WASHINGTON AVE
CINCINNATI,OH45229 		NONE PC CHARITABLE 30,000

SISTERS IN SYNC INC

311 FRANKLE ST
BALTIMORE,MD21225 		NONE PC CHARITABLE 12,540

SKAGIT ADVENTIST ACADEMY

503 N SECTION STREET
BURLINGTON,WA98233 		NONE PC EDUCATION 6,000

SONBRIDGE COMMUNITY CENTER

1200 SE 12TH STREET
COLLEGE PLACE,WA99324 		NONE PC CHARITABLE 20,000

SOUTH ATLANTIC CONFERENCE

3978 MEMORIAL DRIVE
DECATUR,GA30032 		NONE PC CHARITABLE 10,000

SOUTH BAY CHRISTIAN SCHOOL

4400 DEL AMO BLVD
TORRANCE,CA90503 		NONE PC EDUCATION 10,000

SOUTH CENTRAL CONFERENCE OF SDA - SYNERGY STEAM

715 YOUNGS LN
NASHVILLE,TN37207 		NONE PC RELIGIOUS 37,000

SOUTH LANCASTER ACADEMY

198 GEORGE HILL ROAD
SOUTH LANCASTER,MA01561 		NONE PC EDUCATION 10,000

SOUTH NASHVILLE SDA CHURCH

244 TUSCULUM RD
NASHVILLE,TN37013 		NONE PC CHARITABLE 17,500

SOUTH SIDE CHRISTIAN SCHOOL

37370 RANGE ROAD 274A
RED DEER COUNTY,ALBERTAT4S 0T9
CA 		NONE PC EDUCATION 10,000

SOUTHEASTERN CALIFORNIA CONFERENCE - DEPARTMENT OF EDUCATION

11330 PIERCE STREET
RIVERSIDE,CA92505 		NONE PC EDUCATION 30,000

SOUTHEASTERN CONFERENCE OF SEVENTH-DAY ADVENTISTS

1701 ROBIE AVE
MT DORA,FL32757 		NONE PC CHARITABLE 10,000

SOUTHERN ACADEMY OF SDA - CO INTER-AMERICA DIVISION OF SDA TREASURER'S OFFI

8100 SW 117TH AVE
MIAMI,FL22183 		NONE PC EDUCATION 5,300

SOUTHERN ADVENTIST UNIVERSITY

PO BOX 370
COLLEGEDALE,TN37315 		NONE PC EDUCATION 10,000

SOUTHWESTERN ADVENTIST UNIVERSITY - MARKERSPACE AND DESIGN LAB

100 W HILLCREST
KEENE,TX76059 		NONE PC EDUCATION 11,000

SPECTRUM MAGAZINE

PO BOX 619047
ROSEVILLE,CA956619047 		NONE PC RELIGIOUS 40,000

ST CROIX SDA SCHOOL - CO INTER-AMERICA DIVISION OF SDA TREASURER'S OFFICE

8100 SW 117TH AVE
MIAMI,FL22183 		NONE PC EDUCATION 10,000

ST LUCIA'S - EUCHARIST LEWIS SDA PRIMARY SCHOOL

8100 SW 117TH AVE
MIAMI,FL22183 		NONE PC EDUCATION 10,000

SUNNYDALE ADVENTIST ELEMENTARY

6979 AUDRAIN ROAD
CENTRALIA,MO65240 		NONE PC EDUCATION 5,000

TAKOMA PARK SEVENTH-DAY ADVENTIST CHURCH

6810 EASTERN AVE NW
WASHINGTON,DC200122137 		NONE PC CHARITABLE 10,000

TEXAS CONFERENCE OFFICE OF EDUCATION

1211 W HWY 67
ALVARADO,TX76009 		NONE PC EDUCATION 25,500

THE UNFORGETTABLES FOUNDATION OF SOUTHERN OHIO

PO BOX 750062
DAYTON,OH45475 		NONE PC CHARITABLES 25,000

THE UNFORGETTABLES FOUNDATION

345 W PEARL AVE SUITE 230
REDLANDS,CA92374 		NONE PC CHARITABLES 25,000

THUMBS UP INC

914 HAMAR STREET
BEAUFORT,SC29902 		NONE PC CHARITABLE 40,000

TIME FOR EQUALITY IN ADVENTIST MINISTRY

PO BOX 7816
LANGLEY PARK,MD207877816 		NONE PC EDUCATION 35,000

TROUT CREEK ADVENTIST SCHOOL

3020 MT HWY 200
TROUT CREEK,MT598741568 		NONE PC EDUCATION 5,000

TYLER ADVENTIST SCHOOL

2931 S SE LOOP 323
TYLER,TX75701 		NONE PC EDUCATION 10,000

US DREAM ACADEMY

8807 COLESVILLE RD 5TH FLOOR
SILVER SPRING,MD20910 		NONE PC EDUCATION 30,000

UNION COLLEGE

3800 SOUTH 48TH STREET
LINCOLN,NE68506 		NONE PC RELIGIOUS 10,000

UPPER COLUMBIA ACADEMY

3025 E SPANGLE WAVERLY RD
SPANGLE,WA99031 		NONE PC EDUCATION 10,000

UPPER COLUMBIA CONFERENCE OF SDA - IDAHO SONSHINE

3715 S GROVE RD
SPOKANE,WA99224 		NONE PC HEALTH 10,000

URBAN LIFE CENTER - ELLICOTT CITY SDA CHURCH

3223 EASTERN AVE
BALTIMORE,MD21117 		NONE PC CHARITABLE 20,000

WATER FOR LIFE INTERNATIONAL

13710 W LINCOLN RD
SPOKANE,WA99224 		NONE PC CHARITABLE 70,000

WESTERN DISTRICT SEVENTH-DAY ADVENTIST PRIMARY SCHOOL

8100 SW 117TH AVE
MIAMI,FL22183 		NONE PC EDUCATION 10,000

WESTLAKE SDA SCHOOL

PO BOX 1587
LAKEPORT,CA95453 		NONE PC EDUCATION 5,000

WHOLELIFE CHURCH

2800 NORTH ORANGE
ORLANDO,FL32804 		NONE PC CHARITABLE 40,000

WISCONSIN ACADEMY

N2355 DUBORG RD
COLUMBUS,WI53925 		NONE PC EDUCATION 10,000

WONDERLAB

N 2561 OLD HWY 16
FALL RIVER,WI53932 		NONE PC HEALTH 17,600
Total .................................right arrow 3a 2,840,850
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 1,493,078  
4 Dividends and interest from securities ....     14 916,574  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....     01 255,122  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 1,985,534  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aROYALTY INCOME 		    15 874  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 4,651,182 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
4,651,182
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
VERSACARE INC
EIN:
33-0052434
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 59,000 19,470   10,030

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TY 2024 ExpenditureResponsibilityStmt
Name:
VERSACARE INC
EIN:
33-0052434
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
AOK ACTS OF KINDNESS SOCIETY
  		23589 OLD YALE ROAD
LANGLEY,BRITISH COLUMBIAV2Z2K4
CA 		2024-04-22 20,000 PROJECT ASPIRE: INTEGRATIVE OPPORTUNITY THAT HELPS BROKEN KIDS HEAL THROUGH A UNIQUE BLEND OF ARTS, SPIRITUALITY AND SERVICE. 20,000 TO THE KNOWLEDGE OF THE OF THE FOUNDATION, NO FUNDS HAVE BEEN DIVERTED. 8/9/2025   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WILL BE MADE.
BERMUDA INSTITUTE
  		234 MIDDLE ROAD
SOUTHAMPTON   SN04
BD 		2024-04-22 6,750 K-12 EDUCATION: ENCOUNTER BIBLE CURRICULUM, EQUIPPING STUDENTS WITH ESSENTIAL SOCIAL-EMOTIONAL LEARNING (SEL) SKILLS, SUCH AS EMOTIONAL REGULATION, CONFLICT RESOLUTION, AND RESPONSIBLE DECISION-MAKING, WHILE ALSO FOSTERING THEIR GROWTH IN CHRIST. 6,750 TO THE KNOWLEDGE OF THE OF THE FOUNDATION, NO FUNDS HAVE BEEN DIVERTED. 2/23/25   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WILL BE MADE.
CRAWFORD PEEL CAMPUS - CAASDA
  		2250 CREDIT VALLEY RD
MISSISSAUGA,ONTARIOL5M 4L9
CA 		2024-04-22 10,000 K-12 EDUCATION: STEM CURRICULUM AND ACTIVITY INTEGRATION: MICRO: BITS: USED FOR CODING AND ENGINEERING PROJECTS. & BOTLEY ROBOTS: INTRODUCED FOUNDATIONAL CODING CONCEPTS TO YOUNGER STUDENTS. 9,671 TO THE KNOWLEDGE OF THE OF THE FOUNDATION, NO FUNDS HAVE BEEN DIVERTED. 2/23/2025   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WILL BE MADE.
KINGSWAY COLLEGE
  		1200 LELAND RD
OSHAWA,ONTARIOL1K 2H5
CA 		2024-04-22 10,000 K-12 EDUCATION: FM RADIO SOLDERING PROJECT, MECHANICAL HAND PROJECT:, SERVER RACK. 10,000 TO THE KNOWLEDGE OF THE OF THE FOUNDATION, NO FUNDS HAVE BEEN DIVERTED. 2/1/2025   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WILL BE MADE.
OTTAWA ADVENTIST SCHOOL
  		2191 BENJAMIN AVE
OTTAWA,ONTARIOK2A 1P6
CA 		2024-04-22 5,000 K-12 EDUCATION: SCIENCE SUPPLIES, PROJECTORS, TABLES, MICROSCOPE 5,000 TO THE KNOWLEDGE OF THE OF THE FOUNDATION, NO FUNDS HAVE BEEN DIVERTED. 2/23/2025   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WILL BE MADE.
PEACE HILLS ADVENTIST SCHOOL
  		RR 3 LCD MAIN
WETASKIWIN,ALBERTAT9A 1X1
CA 		2024-04-22 5,000 K-12 EDUCATION: CHROMEBOOKS, LAPTOPS 5,000 TO THE KNOWLEDGE OF THE OF THE FOUNDATION, NO FUNDS HAVE BEEN DIVERTED. 2/23/2025   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WILL BE MADE.
QUEBEC ADVENTIST CONFERENCE
  		940 CH CHAMBLY
LONGUEUIL,QUEBECJ4H 3M3
CA 		2024-04-22 10,000 CONGREGATION: THE FAMILY HARMONY SPACE- MEDIATION AND DISPUTE RESOLUTION SERVICES IN QUBEC CITY   TO THE KNOWLEDGE OF THE OF THE FOUNDATION, NO FUNDS HAVE BEEN DIVERTED. PENDING REPORTS   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE GRANT APPLICATION FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE APPLICATION WILL BE MADE.
SANDY LAKE ACADEMY
  		435 HAMMONDS PLAINS ROAD
BEDFORD,NOVA SCOTIAB4B 1Y2
CA 		2024-05-09 10,000 CONGREGATION: DENTAL CLINIC SUPPLIES 4,681 TO THE KNOWLEDGE OF THE OF THE FOUNDATION, NO FUNDS HAVE BEEN DIVERTED. 12/3/2024   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WILL BE MADE.
SOUTH SIDE CHRISTIAN SCHOOL
  		37370 RANGE ROAD 274A
RED DEER COUNTY,ALBERTAT4S 0T9
CA 		2024-04-22 10,000 K-12 EDUCATION: LEGO EQUIPEMENT, 3D PRINTERS, CHROMEBOOKS 10,000 TO THE KNOWLEDGE OF THE OF THE FOUNDATION, NO FUNDS HAVE BEEN DIVERTED. 1/31/2025   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WILL BE MADE.

TY 2024 InvestmentsCorpBondsSchedule
Name:
VERSACARE INC
EIN:
33-0052434
Name of Bond End of Year Book Value End of Year Fair Market Value
BANK AMERICA CORP SER L MTN 192,749 192,749
BERKSHIRE HATHAWAY INC DEL NOTE 246,163 246,163
CITIGROUP INC NOTE 198,002 198,002
COMCAST CORP NEW NOTE CALL MAKE WHOLE 292,017 292,017
DUKE ENERGY CORP NEW NOTE CALL MAKE WHOLE 246,093 246,093
EXXON MOBIL CORP NOTE CALL MAKE WHOLE 295,284 295,284
GOLDMAN SACHS GROUP INC NOTE 249,108 249,108
HOME DEPOT INC NOTE CALL MAKE WHOLE 196,458 196,458
JOHN DEERE CAPITAL CORPORATION SER H 396,132 396,132
JOHNNSON &JOHNSON NOTE CALL MAKE WHOLE 388,008 388,008
LOCKHEED MARTIN CORP NOTE CALL MAKE WHOLE 97,079 97,079
MCDONALDS CORP MTN CALL MAKE WHOLE 4/1/28 97,322 97,322
MCDONALDS CORP MTN CALL MAKE WHOLE 1/30/26 297,675 297,675
MERCK & CO INC NOTE 339,354 339,354
MICROSOFT CORP NOTE CALL MAKE WHOLE 197,912 197,912
MORGAN STANLEY SER I MTN 392,708 392,708
SOUTHERN CO SER 2023B NOTE 100,157 100,157
TOYOTA MTR CR CORP SER B MTN 399,172 399,172
UNITEDHEALTH GROUP INC NOTE 253,858 253,858
VULCAN NATLS CO NOTE CALL MAKE WHOLE 393,220 393,220
WELLS FARGO & CO SER Q MTN 387,808 387,808
WESTROCK CO SER B NOTE 249,338 249,338

TY 2024 InvestmentsCorpStockSchedule
Name:
VERSACARE INC
EIN:
33-0052434
Name of Stock End of Year Book Value End of Year Fair Market Value
ISHARES CORE S&P SMALL CAP E 97,358 97,358
ISHARES TR MSCI ACWI ETF 508,188 508,188
JP MORGAN EXCHANGE TRADED FD EQUITY 525,537 525,537
JP MORGAN EXCHANGE TRADED FD NASDAQ EQT 528,563 528,563
SCHWAB INTERNATIONAL EQUITY ETF 172,605 172,605
VANGUARD INTL EQUITY INDEX FDS FTSE EMR 135,291 135,291
ABBVIE INC COM USD0.01 544,651 544,651
ACCENTURE PLC 1,041,298 1,041,298
AIRBNB INC COM CL A 208,942 208,942
ALPHABET INC CAP STK CL C 809,370 809,370
AMAZON.COM INC 1,163,864 1,163,864
APPLE INC 1,214,537 1,214,537
APPLIED MATERIALS INC COM USD0.01 398,444 398,444
ARES CAPITAL CORP COM 342,031 342,031
BCE INC COM NEW ISIN 169,678 169,678
BERKSHIRE HATHAWAY INC COM USD0.0033 465,519 465,519
BLACKSTONE INC 378,462 378,462
BROADCOM INC COM 425,426 425,426
BROOKFIELD CORPORATION CLASS A 378,308 378,308
CAMECO CORP COM NPV ISIN 441,183 441,183
CHEVRON CORP NEW COM 815,449 815,449
CISCO SYSTEMS INC 398,712 398,712
COCA COLA CO 342,741 342,741
CONSTELLATION ENERGY CORP COM 455,250 455,250
CORNING INC 346,421 346,421
CRISPR THERAPEUTICS AG COM CHF0.03 183,418 183,418
DANAHER CORPORATION COM 444,179 444,179
DOORDASH INC CL A 476,410 476,410
DOW INC COM 308,800 308,800
EATON CORP PLC 227,663 227,663
ECOLAB INC 249,082 249,082
ENBRIDGE INC COM ISIN 315,679 315,679
EQT CORP COM 362,655 362,655
EXXON MOBIL CORP COM 604,006 604,006
FREEPORT MCMORAN INC COM USD0.10 265,037 265,037
GE VERNOVA INC COM 495,040 495,040
GENERAL MILLS INC COM USD0.10 298,444 298,444
HOME DEPOT INC 366,040 366,040
HONEYWELL INTERNATIONAL INC 625,715 625,715
INTERNATIONAL BUS MACH CORP COM 657,292 657,292
INTERPUBLIC GROUP COS INC COM USD0.10 206,648 206,648
INTUITIVE SURGICAL INC 595,034 595,034
IONQ INC COM 171,048 171,048
JP MORGAN CHASE & CO. COM 966,031 966,031
LOCKHEED MARTIN CORP COM USD1.00 513,639 513,639
MEDTRONIC PLC 260,409 260,409
MERCADOLIBRE INC COM USD 0.001 187,048 187,048
MISCROSOFT CORP 1,281,360 1,281,360
MORGAN STANLEY COM USD0.01 688,317 688,317
NVIDIA CORPORATION COM 933,316 933,316
PALO ALTO NETWORKS INC COM USD 0.0001 308,240 308,240
PAYCHEX INC COM USD0.01 390,372 390,372
PEPSICO INC 362,663 362,663
PFIZER INC 398,348 398,348
PROCTER & GAMBLE CO COM 542,348 542,348
PRUDENTIAL FINANCIAL INC 309,956 309,956
RIO TINTO ADR EACH REP 1 ORD 271,996 271,996
SCHLUMBERGER LIMITED COM USD0.01 219,880 219,880
SEA LIMITED ADS EACH REP ON CLASS A ORD 253,049 253,049
SOUTHERN CO 786,568 786,568
SOUTHERN COPPER CORP 228,098 228,098
STRYKER CORPORATION COM 466,265 466,265
TEXAS INSTRUMENTS INC COM USD1.00 357,207 357,207
THERMO FISHER SCIENTIFIC INC 446,357 446,357
UBER TECHNOLOGIES INC COM 361,920 361,920
UNILEVER PLC SPON ADR NEW 337,365 337,365
UNITEDHEALTH GROUP INC 338,926 338,926
VERALTO CORP COM SHS 291,291 291,291
VERIZON COMMUNICATIONS INC 426,493 426,493
VISA INC 335,002 335,002
WASTE MANAGEMENT INC 266,363 266,363
WATSCO INC 291,442 291,442
WILLIAMS COS INC COM 1,221,488 1,221,488

TY 2024 InvestmentsGovtObligationsSch
Name:
VERSACARE INC
EIN:
33-0052434
US Government Securities - End of Year Book Value:

2,455,325
US Government Securities - End of Year Fair Market Value:

2,455,325
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2024 InvestmentsOtherSchedule2
Name:
VERSACARE INC
EIN:
33-0052434
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
SIMON PROPERTY GROUP INC FMV 556,238 556,238
CONTEMPORARY HEALTHCARE FUND III, LP FMV 322,005 322,005

TY 2024 LegalFeesSchedule
Name:
VERSACARE INC
EIN:
33-0052434
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 4,610 1,521   2,674


TY 2024 OtherAssetsSchedule
Name:
VERSACARE INC
EIN:
33-0052434
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
DUE FROM RELATED PARTY 1,787,793 1,673,686 1,673,686
INTEREST RECEIVABLE 108,963 102,280 102,280
PAINTINGS 62,650 62,650 62,650
SECURITY DEPOSIT 1,000 1,000 1,000


TY 2024 OtherDecreasesSchedule
Name:
VERSACARE INC
EIN:
33-0052434
Description Amount
PRIOR PERIOD ADJUSTMENT 408,780


TY 2024 OtherExpensesSchedule
Name:
VERSACARE INC
EIN:
33-0052434
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INSURANCE 40,550 40,550   0
TECHNOLOGY 5,827 5,827   0
GIFTS AND PROMOTIONS 3,656 3,656   0
BANK CHARGES 2,866 2,866   0
OFFICE EXPENSE 7,356 5,628   1,728
MISC. EXPENSE 1,311 1,311   0
DIRECTORS MEETINGS AND FEES 30,600 8,500   22,100


TY 2024 OtherIncomeSchedule2
Name:
VERSACARE INC
EIN:
33-0052434
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
CONTEMPORARY HEALTHCARE FUND III, LP 255,122 48,997 255,122
ROYALTY INCOME 874 874 874


TY 2024 OtherIncreasesSchedule
Name:
VERSACARE INC
EIN:
33-0052434
Description Amount
NET UNREALIZED GAINS ON INVESTMENTS 3,402,945


TY 2024 OtherLiabilitiesSchedule
Name:
VERSACARE INC
EIN:
33-0052434
Description Beginning of Year - Book Value End of Year - Book Value
SECURITY DEPOSIT - VISTA COVE 300,000 300,000
DEFERRED TAX LIABILITY 150,680 197,981


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TY 2024 OtherNotesLoansRcvblLongSch
Name:
VERSACARE INC
EIN:
33-0052434

Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
CORONA COMMUNITY VILLAS INC SUBSIDIARY OF VERSACARE INC. 17,338,500 19,120,948 2020-10 2043-10 INTEREST DUE MONTHLY & PRINCIPAL PAYMENTS COMMENCING IN NOVEMBER 2023 650.0000000000 % COLLATERALIZED BY DEED OF TRUST ENCUMBERED BY REAL PROPERTY PURCHASE OF SENIOR CARE CENTER FOR EXEMPT PURPOSES N/A 19,120,948

TY 2024 OtherProfessionalFeesSchedule
Name:
VERSACARE INC
EIN:
33-0052434
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT ADVISORY FEES 208,152 208,152   0
PAYROLL SERVICES 3,294 3,294   0
GRANT MANAGEMENT 77,994 0   77,994
OTHER PROFESSIONAL FEES 8,160 6,760   1,400


TY 2024 TaxesSchedule
Name:
VERSACARE INC
EIN:
33-0052434
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 3,390 3,390   0
INCOME TAXES 3,998 3,998   0