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Verna O Canova Foundation

  • Marine St Crx, MN
  • Tax-exempt since June 2014
  • EIN: 46-4135266

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$374k (2024)

Expenses
$350k (2024)

Total Assets
$4.42M (2024)

Total Liabilities
$0 (2024)

Source: Form 990 tax filings from 2014 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$373,715
Expenses
$349,785
Net Income
$23,930
Net Assets
$4,418,838
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $13
0.0%
Dividends $144,606
38.7%
Sales of Assets $229,045
61.3%
Other Income $51
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $305,085
87.2%
Compensation of Officers* $32,737
9.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $4,418,838
Total Liabilities $0
Net Assets $4,418,838
Compensation
Key Employees and Officers Compensation Other
Philip E Canova (Vice President, Treasurer) $12,737 $0
Kristen Landreth Dean (President) $10,000 $0
Parker Landreth (Secretary, Director) $10,000 $0

Document Links

990-PF
Filed on Aug. 18, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$152,417
Expenses
$432,959
Net Income
-$280,542
Net Assets
$4,394,908
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $146,631
96.2%
Sales of Assets $5,786
3.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $384,348
88.8%
Compensation of Officers* $32,000
7.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $4,394,908
Total Liabilities $0
Net Assets $4,394,908
Compensation
Key Employees and Officers Compensation Other
Cynthia C Landreth (Secretary, Director) $20,000 $0
Philip E Canova (Vice President, Treasurer) $12,000 $0
Kristen Landreth Dean (President) $0 $0

Document Links

990-PF
Filed on Sept. 26, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$171,723
Expenses
$462,714
Net Income
-$290,991
Net Assets
$4,675,450
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $134,992
78.6%
Sales of Assets $36,731
21.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $399,190
86.3%
Compensation of Officers* $32,000
6.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $4,675,450
Total Liabilities $0
Net Assets $4,675,450
Compensation
Key Employees and Officers Compensation Other
Cynthia C Landreth (President, Secretary, Dire) $20,000 $0
Philip E Canova (Vice President, Treasurer,) $12,000 $0

Document Links

990-PF
Filed on Nov. 14, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$707,588
Expenses
$341,014
Net Income
$366,574
Net Assets
$4,966,441
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $149,836
21.2%
Sales of Assets $557,752
78.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $290,629
85.2%
Compensation of Officers* $27,000
7.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $4,966,441
Total Liabilities $0
Net Assets $4,966,441
Compensation
Key Employees and Officers Compensation Other
Cynthia C Landreth (President, Secretary, Dire) $15,000 $0
Philip E Canova (Vice President, Treasurer,) $12,000 $0

Document Links

990-PF
Filed on July 11, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$150,303
Expenses
$494,239
Net Income
-$644,542
Net Assets
$4,599,866
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $170,113
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $460,385
93.2%
Compensation of Officers* $25,000
5.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $4,599,867
Total Liabilities $1
Net Assets $4,599,866
Compensation
Key Employees and Officers Compensation Other
Cynthia C Landreth (President, Secretary, Dire) $13,000 $0
Philip E Canova (Vice President, Treasurer,) $12,000 $0

Document Links

990-PF
Filed on May 14, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$199,961
Expenses
$400,514
Net Income
-$200,553
Net Assets
$5,244,408
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $186,228
93.1%
Sales of Assets $13,733
6.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $371,458
92.7%
Compensation of Officers* $25,000
6.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,244,409
Total Liabilities $1
Net Assets $5,244,408
Compensation
Key Employees and Officers Compensation Other
Cynthia C Landreth (President, Secretary, Dire) $13,000 $0
Philip E Canova (Vice President, Treasurer,) $12,000 $0

Document Links

990-PF
Filed on June 24, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$183,607
Expenses
$358,781
Net Income
-$175,174
Net Assets
$5,444,962
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $167,747
91.4%
Sales of Assets $15,860
8.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $328,827
91.7%
Compensation of Officers* $24,000
6.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,444,962
Total Liabilities $0
Net Assets $5,444,962
Compensation
Key Employees and Officers Compensation Other
Cynthia C Landreth (President, Secretary, Dire) $12,000 $0
Philip E Canova (Vice President, Treasurer,) $12,000 $0

Document Links

990-PF
Filed on July 1, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$158,941
Expenses
$393,130
Net Income
-$234,189
Net Assets
$5,620,136
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $157,405
99.0%
Sales of Assets $1,536
1.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $363,862
92.6%
Compensation of Officers* $20,000
5.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,620,136
Total Liabilities $0
Net Assets $5,620,136
Compensation
Key Employees and Officers Compensation Other
Cynthia C Landreth (President, Secretary, Dire) $10,000 $0
Philip E Canova (Vice President, Treasurer,) $10,000 $0

Document Links

990-PF
Filed on Aug. 7, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$165,160
Expenses
$334,202
Net Income
-$169,042
Net Assets
$5,854,325
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $163,113
98.8%
Sales of Assets $2,047
1.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $320,175
95.8%
Compensation of Officers* $10,000
3.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,854,325
Total Liabilities $0
Net Assets $5,854,325
Compensation
Key Employees and Officers Compensation Other
Cynthia C Landreth (President, Secretary, Dire) $5,000 $0
Philip E Canova (Vice President, Treasurer,) $5,000 $0

Document Links

990-PF
Filed on July 11, 2017

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$176,869
Expenses
$108,717
Net Income
$68,152
Net Assets
$6,023,367
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $172,477
97.5%
Sales of Assets $4,392
2.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $85,000
78.2%
Compensation of Officers* $10,000
9.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $6,023,367
Total Liabilities $0
Net Assets $6,023,367
Compensation
Key Employees and Officers Compensation Other
Cynthia C Landreth (President, Secretary, Dire) $5,000 $0
Philip E Canova (Vice President, Treasurer,) $5,000 $0

Document Links

990-PF
Filed on June 7, 2016

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$5,956,877
Expenses
$1,662
Net Income
$5,955,215
Net Assets
$5,955,215
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $5,893,762
98.9%
Interest Revenue $0
Dividends $63,115
1.1%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $0
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,955,215
Total Liabilities $0
Net Assets $5,955,215

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

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E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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