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Nonprofiteer
← HUMANGOOD FOUNDATION SOUTH

Form 990 for tax year 2024

Filed by HUMANGOOD FOUNDATION SOUTH.

Totals

Total revenue
$3,506,293
Total expenses
$2,093,819
Contributions and grants received
$1,356,784
Grants paid
$1,601,980
Program service revenue
$0
Investment income
$2,149,509
Other revenue
$0
Total assets, end of year
$42,604,779
Total liabilities, end of year
$1,385,140
Net assets or fund balances, end of year
$41,219,639
Program services expenses (Part IX)
$1,601,980
Management and general expenses
$378,709
Fundraising expenses
$113,130
Program service expenses (Part III)
$1,601,980

Program services were 76.5% 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.

  • 1d · Related organizations

    $246,442

  • 1f · All other contributions, gifts and grants

    $1,110,342

  • 3 · Investment income

    total $1,051,266 · excluded $1,051,266

  • 7a · Gross sales of assets other than inventory

    securities $14,429,750

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

    securities $13,331,507

  • 7c · Gain or loss

    securities $1,098,243

  • 7d · Net gain or loss

    total $1,098,243 · excluded $1,098,243

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $847,544 · program services $847,544

  • 2 · Grants to domestic individuals

    total $754,436 · program services $754,436

  • 7 · Other salaries and wages

    total $183,864 · management and general $101,270 · fundraising $82,594

  • 8 · Pension plan contributions

    total $7,325 · management and general $4,035 · fundraising $3,290

  • 9 · Other employee benefits

    total $19,879 · management and general $10,949 · fundraising $8,930

  • 10 · Payroll taxes

    total $15,556 · management and general $8,568 · fundraising $6,988

  • 11f · Fees: investment management

    total $114,377 · management and general $114,377

  • 11g · Fees: other

    total $2,253 · management and general $2,253

  • 12 · Advertising and promotion

    total $2,225 · management and general $2,225

  • 13 · Office expenses

    total $153 · management and general $153

  • 17 · Travel

    total $11,328 · fundraising $11,328

  • 19 · Conferences, conventions and meetings

    total $1,838 · management and general $1,838

  • 24a · Other expenses: ANNUITIES DISTRIBUTIONS

    total $131,200 · management and general $131,200

  • 24b · Other expenses: LICENSES & PERMITS

    total $1,341 · management and general $1,341

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $314 · management and general $314

  • 24d · Other expenses: EQUIPMENT RENTALS

    total $186 · management and general $186

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $336,043 · end of year $224,469

  • 11 · Investments: publicly traded securities

    beginning of year $40,306,516 · end of year $42,380,310

  • 17 · Accounts payable and accrued expenses

    beginning of year $84,776 · end of year $65,814

  • 25 · Other liabilities

    beginning of year $1,926,506 · end of year $1,319,326

  • 27 · Net assets without donor restrictions

    beginning of year $11,082,920 · end of year $11,896,964

  • 28 · Net assets with donor restrictions

    beginning of year $27,548,357 · end of year $29,322,675

Mission and programs · 2024

Mission

AT HUMANGOOD WE BELIEVE EVERYONE SHOULD HAVE THE OPPORTUNITY TO LIVE WITH ENTHUSIASM, CONFIDENCE AND SECURITY, REGARDLESS OF PHYSICAL, SOCIAL, OR ECONOMIC CIRCUMSTANCES. AND WHEN WE SAY EVERYONE, WE MEAN EVERYONE - INCLUDING YOU. CONTINUED ON SCHEDULE O.BECAUSE WE BELIEVE THIS, OUR MISSION IS TO INSPIRE YOUR BEST LIFE.WE DO THAT BY WORKING HAND-IN-HAND TO CREATE EXPERIENCES THAT MATTER TO YOU.

Activities or mission (Part I)

TO HELP OLDER ADULTS LIVE THEIR BEST LIVES POSSIBLE, HOWEVER THEY DEFINE IT.

  • THE PRIMARY PURPOSE OF HUMANGOOD FOUNDATION SOUTH (THE "FOUNDATION") IS TO DEVELOP, INVEST AND ADMINISTER FUNDS TO PROVIDE RESIDENTIAL AND NURSING HOME CARE ON BEHALF OF THE RESIDENTS OF FACILITIES OF HUMANGOOD SOCAL, WHICH IS A RELATED 501(C)(3) ORGANIZATION. THE FOUNDATION'S PRINCIPAL ACTIVITY IS TO ADMINISTER SUCH FUNDS UNDER TRUST AGREEMENTS.

    Expenses $1,601,980 · Grants $1,601,980

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Carolyn Downey

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • William G Young Jr

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 3.2 related

  • Charlotte Martinelli

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • William Battison

    DIRECTOR

    Total calculated
    $63,000
    From this org
    $0
    From related orgs
    $63,000
    Other
    $0
    Hours/week
    0.5 + 11.6 related

  • Dorothy Cole

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Ken Heflin

    RESIDENT DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Jeanne Thomas

    RESIDENT DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Rand Ferris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • John H Cochrane III

    PRESIDENT/CHIEF EXECUTIVE OFFICER

    Total calculated
    $1,566,593
    From this org
    $0
    From related orgs
    $1,273,854
    Other
    $292,739
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $721,088 related
    Bonus
    $0 + $518,700 related
    Other
    $0 + $34,066 related
    Deferred
    $0 + $263,800 related
    Nontaxable benefits
    $0 + $28,939 related
    Filer's total
    $0 + $1,566,593 related

  • Daniel Ogus

    CHIEF OPERATING OFFICER

    Total calculated
    $1,147,903
    From this org
    $0
    From related orgs
    $963,841
    Other
    $184,062
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $563,190 related
    Bonus
    $0 + $371,280 related
    Other
    $0 + $29,371 related
    Deferred
    $0 + $163,800 related
    Nontaxable benefits
    $0 + $20,262 related
    Filer's total
    $0 + $1,147,903 related

  • Andrew McDonald

    CHIEF FINANCIAL OFFICER

    Total calculated
    $758,654
    From this org
    $0
    From related orgs
    $674,064
    Other
    $84,590
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $441,536 related
    Bonus
    $0 + $226,590 related
    Other
    $0 + $5,938 related
    Deferred
    $0 + $55,177 related
    Nontaxable benefits
    $0 + $29,413 related
    Filer's total
    $0 + $758,654 related

  • Bethany Ghassemi

    CHIEF LEGAL OFFICER

    Total calculated
    $659,066
    From this org
    $0
    From related orgs
    $587,562
    Other
    $71,504
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $374,729 related
    Bonus
    $0 + $193,830 related
    Other
    $0 + $19,003 related
    Deferred
    $0 + $64,384 related
    Nontaxable benefits
    $0 + $7,120 related
    Filer's total
    $0 + $659,066 related

  • Nick Lindberg

    CHIEF INFORMATION OFFICER

    Total calculated
    $417,053
    From this org
    $0
    From related orgs
    $413,070
    Other
    $3,983
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $286,828 related
    Bonus
    $0 + $116,424 related
    Other
    $0 + $9,818 related
    Deferred
    $0 + $892 related
    Nontaxable benefits
    $0 + $3,091 related
    Filer's total
    $0 + $417,053 related

  • Anika Hartounian

    VP OF FINANCE

    Total calculated
    $430,662
    From this org
    $0
    From related orgs
    $385,639
    Other
    $45,023
    Hours/week
    0.2 + 38.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $261,583 related
    Bonus
    $0 + $122,687 related
    Other
    $0 + $1,369 related
    Deferred
    $0 + $13,066 related
    Nontaxable benefits
    $0 + $31,957 related
    Filer's total
    $0 + $430,662 related

  • James Park

    SVP CORPORATE COMMUNICATION

    Total calculated
    $305,685
    From this org
    $0
    From related orgs
    $271,164
    Other
    $34,521
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $195,222 related
    Bonus
    $0 + $73,427 related
    Other
    $0 + $2,515 related
    Deferred
    $0 + $12,298 related
    Nontaxable benefits
    $0 + $22,223 related
    Filer's total
    $0 + $305,685 related

  • Cynthia Salgado

    VP CORPORATE COMPLIANCE

    Total calculated
    $287,341
    From this org
    $0
    From related orgs
    $271,954
    Other
    $15,387
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $188,140 related
    Bonus
    $0 + $82,154 related
    Other
    $0 + $1,660 related
    Deferred
    $0 + $12,549 related
    Nontaxable benefits
    $0 + $2,838 related
    Filer's total
    $0 + $287,341 related

  • Juanita Fraley

    VP PHILANTHROPY

    Total calculated
    $339,183
    From this org
    $301,858
    From related orgs
    $0
    Other
    $37,325
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $214,099
    Bonus
    $81,141
    Other
    $6,618
    Deferred
    $12,161
    Nontaxable benefits
    $25,164
    Filer's total
    $339,183

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

  • 1a · First-class or charter travel
  • 1a · Travel for companions
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
FIRST CLASS TRAVEL IS AVAILABLE TO EXECUTIVE TEAM MEMBERS OF THE ORGANIZATION. TRAVEL FOR COMPANIONS IS AVAILABLE FOR EXECUTIVE TEAM MEMBERS. A COST REIMBURSEMENT BENEFIT OF $60/MONTH IS AVAILABLE TO CERTAIN EXECUTIVE TEAM MEMBERS FOR MONTHLY GYM MEMBERSHIP DUES.
PART I, LINE 3
COMPENSATION OF THE CEO IS DETERMINED BY HUMANGOOD USING THE FOLLOWING METHODS: COMPENSATION COMMITTEE, COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY/STUDY AND APPROVAL BY THE BOARD/COMPENSATION COMMITTEE.
PART I, LINE 4B
SELECT KEY EXECUTIVES ARE ALLOWED TO PARTICIPATE IN AN IRC 457(F) PLAN, WHEREBY (SUBJECT TO PLAN AMENDMENT) THE PLAN WILL FUND REGULAR CONTRIBUTIONS AND EARN A RETURN EQUAL TO THE CONSUMER PRICE INDEX RATE PLUS 2.5 PERCENT WITH A CAP OF 6.0 PERCENT. IN ACCORDANCE WITH IRS REQUIREMENTS, WHILE THERE IS A RISK OF FORFEITURE, THE CURRENT YEAR'S UNVESTED CONTRIBUTION TO THE 457F PLAN IS REPORTED IN PART II, COLUMN C.
PART I, LINE 7
IINCENTIVE COMPENSATION: EXECUTIVE DIRECTORS, REGIONAL MANAGERS AND SENIOR MANAGEMENT ARE ELIGIBLE FOR INCENTIVE COMPENSATION. IN THE CALENDAR YEAR PRECEDING THE INCENTIVE COMPENSATION, GOALS ARE SET FOR EACH INDIVIDUAL THAT ALIGN WITH THE STRATEGIC AND OPERATIONAL OBJECTIVES OF THE ORGANIZATION. THE GOALS OF THE CEO AND EXECUTIVE TEAM ARE REVIEWED BY THE COMPENSATION COMMITTEE AND BOARD. BEFORE ANY PAYMENT IS MADE, THE INCENTIVE COMPENSATION POOL MUST BE FUNDED BY (A) EXCEEDING BUDGETED NET CASH PRODUCTION ARISING FROM THE SUM OF OPERATIONAL PERFORMANCE AND NET TURNOVER ENTRANCE FEES, SUBJECT TO A CAP; AND (B) MEETING OR EXCEEDING BUDGETED OPERATING MARGIN BY A PREDETERMINED AMOUNT. IF THE INCENTIVE POOL IS PARTIALLY FUNDED, THE PARTIAL PERCENTAGE IS APPLIED TO THE POTENTIAL PAYMENT FOR EACH TEAM MEMBER'S ATTAINED GOALS. THE ATTAINMENT OF THE GOALS OF THE CEO AND EXECUTIVE TEAM ARE REVIEWED BY THE COMPENSATION COMMITTEE AND BOARD PRIOR TO PAYMENT. FOR OTHER TEAM MEMBERS, THE ATTAINMENT OF EACH INCENTIVE GOAL IS ASSESSED BY THE INCENTIVE-ELIGIBLE TEAM MEMBER'S SUPERVISOR AND ULTIMATELY REVIEWED BY THE CEO PRIOR TO PAYMENT.

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

  • HUMANGOOD SOCAL

    $751,957

    SUPPORT OF BENEVOLENCE NEEDS, SPECIAL PROJECTS, AND CAPITAL CONTRIBUTION

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.

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202543189349301904

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