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Nonprofiteer
← EMERSON HEALTH CARE FOUNDATION INC

Form 990 for tax year 2024

Filed by EMERSON HEALTH CARE FOUNDATION INC.

Totals

Total revenue
$7,803,932
Total expenses
$1,087,202
Contributions and grants received
$7,591,215
Grants paid
$0
Program service revenue
$0
Investment income
$212,717
Other revenue
$0
Total assets, end of year
$29,331,831
Total liabilities, end of year
$351,170
Net assets or fund balances, end of year
$28,980,661
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$1,087,202
Program service expenses (Part III)
$0

Program services were 0.0% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $388,317

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $7,202,898

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue

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

  • 2b · Program service revenue

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

  • 2c · Program service revenue

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

  • 2d · Program service revenue

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

  • 2e · Program service revenue

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

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $212,717 · related or exempt $0 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

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

  • 5 · Royalties

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

  • 6a · Gross rents

    real property $0 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

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

  • 7a · Gross sales of assets other than inventory

    securities $0 · other assets $0

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

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 7d · Net gain or loss

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

  • 8a · Fundraising events: gross income

    $95,491

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

    $388,317

  • 8b · Fundraising events: direct expenses

    $95,491

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

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

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

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

  • 11a · Other revenue

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

  • 11b · Other revenue

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

  • 11c · Other revenue

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

  • 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 $0 · program services $0

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

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

  • 6 · Compensation of disqualified persons

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

  • 7 · Other salaries and wages

    total $698,891 · program services $0 · management and general $0 · fundraising $698,891

  • 8 · Pension plan contributions

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

  • 9 · Other employee benefits

    total $136,098 · program services $0 · management and general $0 · fundraising $136,098

  • 10 · Payroll taxes

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

  • 11a · Fees: management

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

  • 11b · Fees: legal

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

  • 11c · Fees: accounting

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

  • 11d · Fees: lobbying

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

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

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

  • 11g · Fees: other

    total $57,447 · program services $0 · management and general $0 · fundraising $57,447

  • 12 · Advertising and promotion

    total $7,495 · program services $0 · management and general $0 · fundraising $7,495

  • 13 · Office expenses

    total $1,852 · program services $0 · management and general $0 · fundraising $1,852

  • 14 · Information technology

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

  • 15 · Royalties

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

  • 16 · Occupancy

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

  • 17 · Travel

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

  • 18 · Travel or entertainment for public officials

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

  • 19 · Conferences, conventions and meetings

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

  • 20 · Interest

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

  • 21 · Payments to affiliates

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

  • 22 · Depreciation, depletion and amortization

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

  • 23 · Insurance

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

  • 24a · Other expenses: Contracted services

    total $112,123 · program services $0 · management and general $0 · fundraising $112,123

  • 24b · Other expenses: Miscellaneous

    total $39,578 · program services $0 · management and general $0 · fundraising $39,578

  • 24c · Other expenses: Food & function

    total $21,963 · program services $0 · management and general $0 · fundraising $21,963

  • 24d · Other expenses: Printing

    total $9,210 · program services $0 · management and general $0 · fundraising $9,210

  • 24e · All other expenses

    total $2,545 · program services $0 · management and general $0 · fundraising $2,545

  • 26 · Joint costs (an allocation of the lines above)

    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 $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $9,950,976 · end of year $19,460,517

  • 3 · Pledges and grants receivable

    beginning of year $1,566,982 · end of year $2,215,397

  • 4 · Accounts receivable

    beginning of year $0 · end 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

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $5,392,511 · end of year $5,858,747

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $2,197,322 · end of year $1,797,170

  • 17 · Accounts payable and accrued expenses

    beginning of year $273,859 · end of year $351,170

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $936,292 · end of year $4,383,416

  • 28 · Net assets with donor restrictions

    beginning of year $17,897,640 · end of year $24,597,245

Mission and programs · 2024

Mission

EMERSON HEALTH CARE FOUNDATION INC PROVIDES PHILANTHROPIC RESOURCES TO ASSIST EMERSON HEALTH SYSTEM INC AND EMERSON HOSPITAL IN FULFILLING THEIR MISSION OF IMPROVING THE HEALTH STATUS OF THE PEOPLE IN THE COMMUNITIES IT SERVES. THROUGH THE ON-GOING CULTIVATION OF RELATIONSHIPS THE FOUNDATION LEADERSHIP WILL STRIVE TO CREATE THE WILLINGESS AS WELL AS THE MEANS THROUGH WHICH EMERSON HOSPITALS CONSTITUENTS WILL FINANCIALLY SUPPORT THE FACILITY EQUIPMENT OPERATIONAL EDUCATIONAL AND PROGRAMMATIC NEEDS OF THE HOSPITAL. THE FOUNDATION WILL STRIVE CONTINUALLY TO EXPAND THE BASE OF ANNUAL PHALANTHROPIC SUPPORT AND BUILD AN ENDOWMENT TO ENSURE THE COMMUNITYS FUTURE HEALTH CARE NEEDS.

Activities or mission (Part I)

COORDINATE AND DEVELOP THE FUNDRAISING EFFORT FOR EMERSON HOSPITAL

  • EMERSON HEALTH CARE FOUNDATION IS AN ORGANIZATION THAT SUPPORTS FUNDRAISING EFFORTS FOR EMERSON HOSPITAL.

As filed on the 2024 return.

Listed in Part VII

  • Christine Schuster

    President and CEO

    Total calculated
    $1,664,410
    From this org
    $0
    From related orgs
    $1,355,693
    Other
    $308,717
    Hours/week
    4 + 56 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,156,488 related
    Bonus
    $0 + $186,041 related
    Other
    $0 + $13,164 related
    Deferred
    $0 + $272,441 related
    Nontaxable benefits
    $0 + $36,276 related
    Filer's total
    $0 + $1,664,410 related

  • David Lautz

    Physician

    Total calculated
    $1,398,210
    From this org
    $0
    From related orgs
    $1,355,334
    Other
    $42,876
    Hours/week
    0 + 60 related

  • Jennifer Nayor

    Physician

    Total calculated
    $787,955
    From this org
    $0
    From related orgs
    $745,079
    Other
    $42,876
    Hours/week
    0 + 60 related

  • David Kahan

    Physician

    Total calculated
    $769,915
    From this org
    $0
    From related orgs
    $763,315
    Other
    $6,600
    Hours/week
    0 + 60 related

  • Arhtur Lee

    Physician

    Total calculated
    $747,340
    From this org
    $0
    From related orgs
    $711,045
    Other
    $36,295
    Hours/week
    0 + 60 related

  • Mark Moschella

    Physician

    Total calculated
    $744,105
    From this org
    $0
    From related orgs
    $707,810
    Other
    $36,295
    Hours/week
    0 + 60 related

  • Karl Kussin

    CHIEF PHILANTHROPY OFFICER

    Total calculated
    $361,467
    From this org
    $0
    From related orgs
    $307,798
    Other
    $53,669
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $287,350 related
    Bonus
    $0 + $13,590 related
    Other
    $0 + $6,858 related
    Deferred
    $0 + $33,274 related
    Nontaxable benefits
    $0 + $20,395 related
    Filer's total
    $0 + $361,467 related

  • Adrienne Principe

    Director

    Total calculated
    $0
    Hours/week
    4

  • Benjamin Matys

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Charles Denault

    Chair

    Total calculated
    $0
    Hours/week
    4

  • Danny Costa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Deborah Greene

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Denise Haartz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Gloria Clough

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4 + 4 related

  • Jack Mackeen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Jeffrey Campbell

    Director

    Total calculated
    $0
    Hours/week
    4 + 4 related

  • Joshua Nelson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4 + 4 related

  • Karen McGinn

    Director

    Total calculated
    $0
    Hours/week
    4

  • Kenneth Anderson Jr

    Vice Chair

    Total calculated
    $0
    Hours/week
    4

  • Liza Carey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Lynn Martin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Margaret Bernhardt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Michael Lovdal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Michael O'Brien

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Philip Lotane

    Treasurer

    Total calculated
    $0
    Hours/week
    4

  • Robert Segal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Sandra Schelzi

    Secretary

    Total calculated
    $0
    Hours/week
    4

  • Sara Wilson

    Director

    Total calculated
    $0
    Hours/week
    4

  • Stephen Carr

    Director

    Total calculated
    $0
    Hours/week
    4

  • Thomas Valle

    Director

    Total calculated
    $0
    Hours/week
    4

  • William Boger III

    Director

    Total calculated
    $0
    Hours/week
    4

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)

Part I Line 4b
| Name :, Title:, Item Selected:, Amount:| Christine Schuster, 272441|
Part I Line 4b
| Name :, Title:, Item Selected:, Amount:| Karl Kussin, 33274|

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

No itemized grants to organizations 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.

Provenance

Return type
form_990
Tax year
2024
Filed
14 August 2026
IRS schema version
2024v5.1
Source object
202642269349300404

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