Form 990 for tax year 2022
Filed by STONEHILL BENEVOLENT FOUNDATION.
Totals
- Total revenue
- $342,105
- Total expenses
- $496,213
- Contributions and grants received
- $285,169
- Grants paid
- $288,728
- Program service revenue
- $0
- Investment income
- $56,936
- Other revenue
- $0
- Total assets, end of year
- $7,973,042
- Total liabilities, end of year
- $79
- Net assets or fund balances, end of year
- $7,972,963
- Program services expenses (Part IX)
- $288,728
- Management and general expenses
- $0
- Fundraising expenses
- $207,485
- Program service expenses (Part III)
- $288,728
Program services were 58.2% 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.
-
1f · All other contributions, gifts and grants
$285,169
-
3 · Investment income
total $182,196 · excluded $182,196
-
7a · Gross sales of assets other than inventory
securities $748,340
-
7b · Less cost or other basis and sales expenses
securities $873,600
-
7c · Gain or loss
securities -$125,260
-
7d · Net gain or loss
total -$125,260 · excluded -$125,260
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $285,730 · program services $285,730
-
2 · Grants to domestic individuals
total $2,998 · program services $2,998
-
11f · Fees: investment management
total $155,076 · fundraising $155,076
-
13 · Office expenses
total $35,608 · fundraising $35,608
-
24a · Other expenses: Year End Appeal
total $9,537 · fundraising $9,537
-
24b · Other expenses: Annual Appeal
total $6,589 · fundraising $6,589
-
24c · Other expenses: Fundraising expenses
total $675 · fundraising $675
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $255,065 · end of year $334,434
-
3 · Pledges and grants receivable
beginning of year $148,958 · end of year $50,130
-
11 · Investments: publicly traded securities
beginning of year $6,944,925 · end of year $7,381,693
-
15 · Other assets
beginning of year $210,694 · end of year $206,785
-
25 · Other liabilities
beginning of year $1,608 · end of year $79
-
27 · Net assets without donor restrictions
beginning of year $7,517,053 · end of year $7,915,984
-
28 · Net assets with donor restrictions
beginning of year $40,981 · end of year $56,979
Mission and programs · 2022
Mission
The Stonehill Benevolent Foundation provides financial assistance for needy residents of Stonehill Care Center, assists Stonehill Care Center in its general operations, generates and attracts substantial support from the public to receive contributions and grants, and holds, administers, converts, invests, reinvests and manages such contributions and grants for the benefit of Stonehill Franciscan Services in various ways.
Activities or mission (Part I)
Exclusively provides financial assistance for needy residents of Stonehill Franciscan Services
-
During the year Stonehill Benevolent Foundation successfully completed the annual appeal, yearend appeal, and continued a capital campaign in support of the Stonehill Franciscan Services Mission and Ministry. A portion of the annual appeal and the yearend appeal funds were designated for capital items while the capital campaign was designated for the building of an Assisted Living expansion necessary to accomplish the objective of a person-centered care center. Most of the funds raised are used for residents who need financial assistance at Stonehill Franciscan Services.
Expenses $288,728 · Grants $288,728
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Paula Friedman
Chair until April 2023
- Total calculated
- $0
- Hours/week
- 0.5
-
Justine Bemis - Vice Chair
until April/Chair as of April 2023
- Total calculated
- $0
- Hours/week
- 0.5
-
Jayme Kluesner-Director until
April/Vice Chair as of April 2023
- Total calculated
- $0
- Hours/week
- 0.5
-
Matt Dodds
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Sr Maureen Leach
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Pat Sunseri
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Sr Camilla Hemann
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Paul Kronlage
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Derek Duehr
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
John McDermott
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
David Harris
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Sr Kate Katoski
Director as of April 2023
- Total calculated
- $0
- Hours/week
- 0.5
-
Gretchen Brown
CEO Stonehill Franciscan Services
- Total calculated
- $0
- Hours/week
- 2
-
Susan Pearce - SecTreas
CFO Stonehill Franciscan Services
- Total calculated
- $0
- Hours/week
- 2
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.
Grants on this return
-
$285,730
Assistance for residents and operational support
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 6 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343179349306634
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