Skip to content
Nonprofiteer
← NORWALK HOSPITAL FOUNDATION INC

Form 990 for tax year 2023

Filed by NORWALK HOSPITAL FOUNDATION INC.

Totals

Total revenue
$13,449,431
Total expenses
$15,128,890
Contributions and grants received
$10,928,963
Grants paid
$11,504,516
Program service revenue
$0
Investment income
$2,446,308
Other revenue
$74,160
Total assets, end of year
$164,227,064
Total liabilities, end of year
$710,230
Net assets or fund balances, end of year
$163,516,834
Program services expenses (Part IX)
$11,504,516
Management and general expenses
$3,624,374
Fundraising expenses
$0
Program service expenses (Part III)
$11,504,516

Program services were 76.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $349,183

  • 1f · All other contributions, gifts and grants

    $10,579,780

  • 1g · Noncash contributions included above

    $218,258

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $2,527,187 · unrelated business -$607 · excluded $2,527,794

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $8,290,775

  • 7b · Less cost or other basis and sales expenses

    securities $8,371,655

  • 7c · Gain or loss

    securities -$80,880 · other assets $0

  • 7d · Net gain or loss

    total -$80,879 · excluded -$80,879

  • 8a · Fundraising events: gross income

    $184,032

  • 8a · Fundraising events: contributions included on line 1c

    $349,183

  • 8b · Fundraising events: direct expenses

    $109,872

  • 8c · Net income from fundraising events

    total $74,160 · excluded $74,160

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $11,504,516 · program services $11,504,516

  • 11f · Fees: investment management

    total $97,026 · management and general $97,026

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $147,131 · management and general $147,131

  • 22 · Depreciation, depletion and amortization

    total $9,631 · management and general $9,631

  • 24a · Other expenses: ALLOCATION OF SHARED EXPENSES

    total $3,370,586 · management and general $3,370,586

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $698,318 · end of year $1,768,440

  • 2 · Savings and temporary cash investments

    beginning of year $0

  • 3 · Pledges and grants receivable

    beginning of year $29,066,261 · end of year $23,086,089

  • 4 · Accounts receivable

    beginning of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $57,455

  • 10b · Land, buildings and equipment: accumulated depreciation

    $57,455

  • 10c · Land, buildings and equipment, net

    beginning of year $9,631 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $125,188,899 · end of year $139,372,535

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,429

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $4,671,474 · end of year $710,230

  • 27 · Net assets without donor restrictions

    beginning of year $72,490,806 · end of year $83,318,506

  • 28 · Net assets with donor restrictions

    beginning of year $77,795,400 · end of year $80,198,328

Mission and programs · 2023

Mission

THE MISSION OF NORWALK HOSPITAL FOUNDATION IS TO RAISE FUNDS, REINVEST AND ADMINISTER THESE FUNDS AND MAKE DISTRIBUTIONS TO NORWALK HOSPITAL AND OTHER NOT-FOR-PROFIT NORWALK HOSPITAL AFFILIATES.

Activities or mission (Part I)

THE MISSION OF NORWALK HOSPITAL FOUNDATION IS TO RAISE FUNDS, REINVEST AND ADMINISTER THESE FUNDS AND MAKE DISTRIBUTIONS TO NORWALK HOSPITAL AND OTHER NOT-FOR- PROFIT NORWALK HOSPITAL AFFILIATES.

  • NORWALK HOSPITAL FOUNDATION, INC. IS A NOT-FOR-PROFIT CORPORATION LOCATED IN NORWALK, CONNECTICUT. IT WAS ORGANIZED AS A NON-STOCK CORPORATION UNDER THE LAWS OF CONNECTICUT FOR THE PURPOSE OF SOLICITING, RECEIVING, HOLDING, INVESTING AND ADMINISTERING CONTRIBUTIONS ON BEHALF OF THE NORWALK HOSPITAL AND OTHER NOT-FOR-PROFIT HEALTHCARE AFFILIATES.

    Expenses $11,504,516 · Grants $11,534,516

As filed on the 2023 return.

Listed in Part VII

  • Javed Shahid MD

    CHAIR (FROM 01/01)

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Toll

    VICE CHAIR (FROM 01/01)

    Total calculated
    $0
    Hours/week
    1

  • Joshua Weinshank Esq

    VICE CHAIR (TO 12/31)

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Lisa A Esneault

    CHAIR (TO 12/31)

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • Amy Ahasic MD

    DIRECTOR (FROM 01/01)

    Total calculated
    $556,404
    From this org
    $0
    From related orgs
    $487,928
    Other
    $68,476
    Hours/week
    0.5 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $410,616 related
    Bonus
    $0 + $71,006 related
    Other
    $0 + $6,306 related
    Deferred
    $0 + $19,800 related
    Nontaxable benefits
    $0 + $48,676 related
    Filer's total
    $0 + $556,404 related

  • Carol Kachmarck

    DIRECTOR (FROM 01/01)

    Total calculated
    $0
    Hours/week
    0.5

  • G Blane Withers

    DIRECTOR (TO 12/31)

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • James Naughton

    DIRECTOR (TO 12/31)

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Joshua Francis

    DIRECTOR (TO 12/31)

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Kristin McKinney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Matthew Hawley

    DIRECTOR (TO 12/31)

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Brian Wyatt

    SECRETARY & CHIEF LEGAL OFFICER

    Total calculated
    $758,850
    From this org
    $0
    From related orgs
    $634,212
    Other
    $124,638
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $480,215 related
    Bonus
    $0 + $150,000 related
    Other
    $0 + $3,997 related
    Deferred
    $0 + $77,562 related
    Nontaxable benefits
    $0 + $47,076 related
    Filer's total
    $0 + $758,850 related

  • Daniel Debarba

    CHIEF FINANCIAL OFFICER; TREASURER

    Total calculated
    $1,649,792
    From this org
    $0
    From related orgs
    $1,474,165
    Other
    $175,627
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $810,684 related
    Bonus
    $0 + $623,143 related
    Other
    $0 + $40,338 related
    Deferred
    $0 + $146,400 related
    Nontaxable benefits
    $0 + $29,227 related
    Filer's total
    $0 + $1,649,792 related

  • Grace Linhard

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $692,436
    From this org
    $0
    From related orgs
    $615,954
    Other
    $76,482
    Hours/week
    8.5 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $426,219 related
    Bonus
    $0 + $160,000 related
    Other
    $0 + $29,735 related
    Deferred
    $0 + $73,140 related
    Nontaxable benefits
    $0 + $3,342 related
    Filer's total
    $0 + $692,436 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
NORWALK HOSPITAL FOUNDATION RELIED ON NUVANCE HEALTH, A RELATED TAX EXEMPT ORGANIZATION, TO APPROVE AND DETERMINE COMPENSATION FOR THE CEO AND TOP MANAGEMENT, WHICH USED A COMPENSATION COMMITTEE, AN INDEPENDENT COMPENSATION CONSULTANT, WRITTEN EMPLOYMENT CONTRACTS, COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO GATHER COMPARABLE DATA ON OTHER KEY EMPLOYEES.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
EFFECTIVE OCTOBER 1, 2020, NUVANCE HEALTH ESTABLISHED AN EXECUTIVE RETIREMENT PLAN IN ORDER TO PROVIDE NONQUALIFIED DEFINED CONTRIBUTION RETIREMENT BENEFITS TO DESIGNATED KEY MEMBERS OF ITS EXECUTIVE MANAGEMENT TEAM, SELECTED BY THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS. ONLY EXECUTIVES OCCUPYING DESIGNATED TIER 1 OR TIER 2 EXECUTIVE POSITIONS ARE ELIGIBLE TO PARTICIPATE IN THE PLAN. THE PLAN IS INTENDED TO COMPLY WITH SECTION 457(F) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. IN CALENDAR YEAR 2023, THE AMOUNTS EARNED BY THE PARTICIPANTS ARE REPORTED ON SCHEDULE J, PART II, COLUMN (C) RETIREMENT AND OTHER DEFERRED COMPENSATION. FOR CALENDAR YEAR 2023, AMOUNTS EARNED BY KEY MEMBERS OF THE EXECUTIVE MANAGEMENT TEAM WERE AS FOLLOWS: DANIEL DEBARBA $126,600 BRIAN WYATT $57,763 GRACE LINHARD $53,340

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • NEW MILFORD MRI LLC

    N/A · INACTIVE · CT

    Directly controlled by NA

  • NORWALK SURGERY CENTER LLC

    N/A · SURGERY CENTER · CT

    Directly controlled by NA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • NUVANCE HEALTH INSURANCE COMPANY LTD

    C Corporation · MALPRACTICE · CJ

    Directly controlled by NUVANCE HEALTH

  • SWC CORPORATION

    C Corporation · PHARMACY · CT

    Directly controlled by NA

  • TACONIC IPA INC

    C Corporation · MEDICAL CARE · CT

    Directly controlled by NA

  • VASSAR HEALTH QUEST MEDICAL PRACTICE OF CONNECTICUT INC

    C Corporation · MEDICAL CARE · CT

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
8 August 2025
IRS schema version
2023v6.0
Source object
202512209349301046

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.