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Nonprofiteer
← COMMONWEALTH HEALTH FOUNDATION

Form 990 for tax year 2023

Filed by COMMONWEALTH HEALTH FOUNDATION.

Totals

Total revenue
$2,142,007
Total expenses
$1,984,661
Contributions and grants received
$1,756,695
Grants paid
$1,564,373
Program service revenue
$0
Investment income
$454,349
Other revenue
-$69,037
Total assets, end of year
$19,346,195
Total liabilities, end of year
$1,261
Net assets or fund balances, end of year
$19,344,934
Program services expenses (Part IX)
$1,976,174
Management and general expenses
$8,487
Fundraising expenses
$0
Program service expenses (Part III)
$1,976,174

Program services were 99.6% 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

    $322,402

  • 1d · Related organizations

    $617,484

  • 1f · All other contributions, gifts and grants

    $816,809

  • 1g · Noncash contributions included above

    $137,199

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $357,713 · excluded $357,713

  • 6a · Gross rents

    real property $10,028

  • 6c · Rental income or loss

    real property $10,028 · personal property $0

  • 6d · Net rental income or loss

    total $10,028 · excluded $10,028

  • 7a · Gross sales of assets other than inventory

    securities $4,325,380

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

    securities $4,228,744

  • 7c · Gain or loss

    securities $96,636 · other assets $0

  • 7d · Net gain or loss

    total $96,636 · excluded $96,636

  • 8a · Fundraising events: gross income

    $107,825

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

    $322,402

  • 8b · Fundraising events: direct expenses

    $186,890

  • 8c · Net income from fundraising events

    total -$79,065 · excluded -$79,065

  • 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 $1,503,348 · program services $1,503,348

  • 2 · Grants to domestic individuals

    total $61,025 · program services $61,025

  • 11c · Fees: accounting

    total $5,440 · management and general $5,440

  • 11g · Fees: other

    total $318,002 · program services $318,002 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $46,713 · program services $46,713

  • 13 · Office expenses

    total $40,247 · program services $40,149 · management and general $98

  • 17 · Travel

    total $1,731 · management and general $1,731

  • 23 · Insurance

    total $6,937 · program services $6,937

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $1,218 · management and general $1,218

  • 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 $105,852 · end of year $92,401

  • 3 · Pledges and grants receivable

    beginning of year $64,662 · end of year $21,500

  • 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 $8,641 · end of year $10,599

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

    $6,263

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

    $6,263

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $16,721,733 · end of year $19,220,472

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $1,138 · end of year $1,223

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,637 · end of year $37

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,138 · end of year $1,224

  • 27 · Net assets without donor restrictions

    beginning of year $16,268,365 · end of year $18,718,048

  • 28 · Net assets with donor restrictions

    beginning of year $626,886 · end of year $626,886

Mission and programs · 2023

Mission

Med Center Health Foundation builds relationships that inspire charitable giving in support of Med Center Health's mission to care for people and improve the quality of life in the communities we serve.

  • Commonwealth Health Foundation, Inc. (CHF) works to change lives every day and can only do so with the support of dedicated, compassionate people from the community. CHF hosts a variety of events throughout the year to raise awareness & support. Since Med Center Health covers the foundation's operating expenses, 100% of all donations go directly to improve lives in our community. See Schedule O for more information.

    Expenses $1,976,174 · Grants $1,564,373

As filed on the 2023 return.

Listed in Part VII

  • Connie D Smith

    PRESIDENT / CEO

    Total calculated
    $1,436,253
    From this org
    $0
    From related orgs
    $1,317,162
    Other
    $119,091
    Hours/week
    2 + 52 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,036,405 related
    Bonus
    $0
    Other
    $0 + $280,757 related
    Deferred
    $0 + $98,270 related
    Nontaxable benefits
    $0 + $20,821 related
    Filer's total
    $0 + $1,436,253 related

  • David Gray

    EVP / DESIGNEE FOR J. NATCHER

    Total calculated
    $520,051
    From this org
    $0
    From related orgs
    $427,268
    Other
    $92,783
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $418,139 related
    Bonus
    $0
    Other
    $0 + $9,129 related
    Deferred
    $0 + $57,983 related
    Nontaxable benefits
    $0 + $34,800 related
    Filer's total
    $0 + $520,051 related

  • John Kelly

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Michele W Lawless

    SEC/TREAS & EXEC VP - CFO

    Total calculated
    $529,278
    From this org
    $0
    From related orgs
    $481,930
    Other
    $47,348
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $475,135 related
    Bonus
    $0
    Other
    $0 + $6,795 related
    Deferred
    $0 + $43,823 related
    Nontaxable benefits
    $0 + $3,525 related
    Filer's total
    $0 + $529,278 related

  • Mike Cowles

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Beverly Hodges

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Brandon Shirley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Cheri Natcher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Chris Guthrie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Clay Pendleton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dr Donna Blackburn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Dr Jacqueline Dawson Dowe

    DIRECTOR

    Total calculated
    $50,000
    From this org
    $0
    From related orgs
    $50,000
    Other
    $0
    Hours/week
    2

  • Dr William Moss

    DIRECTOR

    Total calculated
    $399,418
    From this org
    $0
    From related orgs
    $352,975
    Other
    $46,443
    Hours/week
    2 + 4 related

    Schedule J breakdown matched by us

    Base
    $0 + $341,368 related
    Bonus
    $0
    Other
    $0 + $11,607 related
    Deferred
    $0 + $27,336 related
    Nontaxable benefits
    $0 + $19,107 related
    Filer's total
    $0 + $399,418 related

  • G Michael Murphy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jessica Carver

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jill Sorrentino

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mayor Randall Curry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tony Witty

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Katrina Wood

    EVP/CHIEF NURSING OFFICER

    Total calculated
    $296,006
    From this org
    $0
    From related orgs
    $258,853
    Other
    $37,153
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $255,207 related
    Bonus
    $0
    Other
    $0 + $3,646 related
    Deferred
    $0 + $6,499 related
    Nontaxable benefits
    $0 + $30,654 related
    Filer's total
    $0 + $296,006 related

  • Wade Stone

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $500,444
    From this org
    $0
    From related orgs
    $438,705
    Other
    $61,739
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $435,730 related
    Bonus
    $0
    Other
    $0 + $2,975 related
    Deferred
    $0 + $44,704 related
    Nontaxable benefits
    $0 + $17,035 related
    Filer's total
    $0 + $500,444 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 4b Supplemental nonqualified retirement plan
CERTAIN EXECUTIVES OF COMMONWEALTH HEALTH CORPORATION PARTICIPATE IN A SUPPLEMENTAL RETIREMENT PLAN. THE CURRENT YEAR INCREASE IN THE ACCRUED BENEFIT, AS ACTUARIALLY DETERMINED, IS REPORTED AS COMPENSATION. THE FOLLOWING ARE THE INDIVIDUALS PARTICIPATING IN THE PLAN AND THE CURRENT YEAR INCREASES REPORTED AS COMPENSATION: CONNIE SMITH $262,117 WADE STONE $ -0-
Schedule J, Part I, Line 3
THE CEO IS COMPENSATED BY COMMONWEALTH HEALTH CORPORATION (CHC), A RELATED ORGANIZATION. CHC USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE CEO: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - WRITTEN EMPLOYMENT CONTRACT - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

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.

Related partnerships

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

  • MEDICAL PLAZA PARTNERS LTD

    N/A · REAL ESTATE · KY · share of income $0 · share of assets $0

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
14 February 2025
IRS schema version
2023v6.0
Source object
202540459349301319

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