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Nonprofit · EIN 23-7360743

JAMES LAWRENCE KERNAN HOSPITAL ENDOWMENT FUND INCORPORATED

Tax-exempt · BALTIMORE, MD 21207

Financials

$1.3M$7M2022$1.8M$30K2023$3M$34K2024
Revenue Expenses · by fiscal year end
Financials of JAMES LAWRENCE KERNAN HOSPITAL ENDOWMENT FUND INCORPORATED by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$3,014,530$34,488$2,980,042$47,507,253$0$47,507,253
June 30, 2024990$1,809,225$29,631$1,779,594$43,025,460$0$43,025,460
June 30, 2023990$1,325,691$7,040,442-$5,714,751$37,632,480$0$37,632,480
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$3,014,530
Net gain from sales of assets
$1,358,596
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Management and general (functional)
$34,488

Balance sheet and other

Total assets, start of year
$43,025,460
Total assets, end of year
$47,507,253
Total liabilities, end of year
$0
Net assets, end of year
$47,507,253
Publicly traded securities
$44,289,244
Net assets without donor restrictions
$47,507,253
Gross receipts
$3,014,530
Employees
0
Volunteers
9
Year formed
1974
State of legal domicile
MD

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
DAVIS VR SHERMANPRESIDENT AND SECRETARY
Trustee or director, Officer
1$0
WILLIAM F PECKTREASURER
Trustee or director, Officer
1$0
ABBY HOLMESDIRECTOR
Trustee or director
1$0
HENRY A GRANDIZIO CPADIRECTOR
Trustee or director
1$0
JIM ROSSDIRECTOR
Trustee or director
1$0
JOHN T CHAYDIRECTOR
Trustee or director
1$0
MICHAEL T WILMOTDIRECTOR
Trustee or director
1$0
MOHAN SUNTHA MDDIRECTOR
Trustee or director
1$0
PHIL GOLDENDIRECTOR
Trustee or director
1$0
990 for the year ended June 30, 2024: 9 people
NameTitleHours / weekCompensation
DAVIS VR SHERMANPRESIDENT AND SECRETARY
Trustee or director, Officer
1$0
WILLIAM F PECKTREASURER
Trustee or director, Officer
1$0
ABBY HOLMESDIRECTOR
Trustee or director
1$0
HENRY A GRANDIZIO CPADIRECTOR
Trustee or director
1$0
JIM ROSSDIRECTOR
Trustee or director
1$0
JOHN T CHAYDIRECTOR
Trustee or director
1$0
MICHAEL T WILMOTDIRECTOR
Trustee or director
1$0
Mohan Suntha MDDIRECTOR
Trustee or director
1$0
PHIL GOLDENDIRECTOR
Trustee or director
1$0
990 for the year ended June 30, 2023: 9 people
NameTitleHours / weekCompensation
Davis VR ShermanPRESIDENT AND SECRETARY
Trustee or director, Officer
1$0
William F PeckTREASURER
Trustee or director, Officer
1$0
Abby HolmesDIRECTOR
Trustee or director
1$0
HENRY A GRANDIZIO CPADIRECTOR
Trustee or director
1$0
Jim RossDIRECTOR
Trustee or director
1$0
John T ChayDIRECTOR
Trustee or director
1$0
Michael T WilmotDIRECTOR
Trustee or director
1$0
MOHAN SUNTHA MDDirector
Trustee or director
1$0
Phil GoldenDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
2200 KERNAN DR, BALTIMORE, MD 21207-6665
In care of
% ED WUENSCHELL
Principal officer (990 for 2024)
DAVIS V R SHERMAN, 2200 Kernan Drive, Baltimore, MD 21207
Signed the 990
DAVIS V R SHERMAN, President
Phone
(410) 448-2500

Mission

HOLDS, OVERSEES AND DISBURSES ENDOWMENT FUNDS FOR JAMES L. KERNAN HOSPITAL, INC. (DBA "UNIVERSITY OF MARYLAND REHABILITATION AND ORTHOPAEDIC INSTITUTE").

990 for the year ended June 30, 2025

Program accomplishments

  • THE JAMES LAWRENCE KERNAN HOSPITAL ENDOWMENT FUND ("JLKEF") PROVIDES FUNDING TO JAMES LAWRENCE KERNAN HOSPITAL ("JLKH", DOING BUSINESS AS UNIVERSITY OF MARYLAND REHABILITATION THOPAEDIC INSTITUTE) TO SUPPORT PROGRAMS THAT IMPROVE THE QUALITY OF HEALTH OF THE PEOPLE IN THE BALTIMORE COMMUNITY. JLKEF STRIVES TO BE AN AREA LEADER IN MEETING BOTH THE PRESENT AND FUTURE HEALTH CARE NEEDS OF THE COMMUNITY THROUGH FINANCIAL AND OTHER MEANS OF SUPPORT. THE ENDOWMENT FUND COORDINATES THE RECEIPT AND MANAGEMENT OF ASSETS, INCLUDING THE MANAGEMENT AND DISTRIBUTION OF FUNDS.0

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
23-7360743
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Donations deductible (Pub 78)
Supporting organization of unknown type
Exempt since
1974
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E110)
Assets (IRS master file)
$47,507,253
Income (IRS master file)
$3,014,530

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$3,014,530$34,488$47,507,253IRS
990June 2024$1,809,225$29,631$43,025,460IRS
990June 2023$1,325,691$7,040,442$37,632,480XML
990June 2022$2,454,367$176,001$40,410,719IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7360743).

Questions about JAMES LAWRENCE KERNAN HOSPITAL ENDOWMENT FUND INCORPORATED

What is the EIN of JAMES LAWRENCE KERNAN HOSPITAL ENDOWMENT FUND INCORPORATED?
The employer identification number (EIN) of JAMES LAWRENCE KERNAN HOSPITAL ENDOWMENT FUND INCORPORATED is 23-7360743.
Is JAMES LAWRENCE KERNAN HOSPITAL ENDOWMENT FUND INCORPORATED tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1974.
Are donations to JAMES LAWRENCE KERNAN HOSPITAL ENDOWMENT FUND INCORPORATED tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does JAMES LAWRENCE KERNAN HOSPITAL ENDOWMENT FUND INCORPORATED file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of JAMES LAWRENCE KERNAN HOSPITAL ENDOWMENT FUND INCORPORATED due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did JAMES LAWRENCE KERNAN HOSPITAL ENDOWMENT FUND INCORPORATED last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of JAMES LAWRENCE KERNAN HOSPITAL ENDOWMENT FUND INCORPORATED?
The 990 for the year ended June 30, 2025 names DAVIS V R SHERMAN.
Who are the officers and directors of JAMES LAWRENCE KERNAN HOSPITAL ENDOWMENT FUND INCORPORATED?
The 990 for the year ended June 30, 2025 lists 9 people; 0 received compensation from the organization.
How much revenue does JAMES LAWRENCE KERNAN HOSPITAL ENDOWMENT FUND INCORPORATED have?
On its 990 for the year ended June 30, 2025 it reported revenue of $3,014,530, expenses of $34,488 and total assets of $47,507,253 at year end.

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