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Nonprofiteer
← THE HOSPICE FOUNDATION

Form 990 for tax year 2025

Filed by THE HOSPICE FOUNDATION.

Totals

Total revenue
$2,474,833
Total expenses
$5,232,133
Contributions and grants received
$278,703
Grants paid
$5,140,642
Program service revenue
$0
Investment income
$2,196,130
Other revenue
$0
Total assets, end of year
$34,587,331
Total liabilities, end of year
$25,061,085
Net assets or fund balances, end of year
$9,526,246
Program services expenses (Part IX)
$5,140,642
Management and general expenses
$91,491
Fundraising expenses
$0
Program service expenses (Part III)
$5,140,642

Program services were 98.3% 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

    $278,703

  • 3 · Investment income

    total $986,456 · excluded $986,456

  • 7a · Gross sales of assets other than inventory

    securities $1,209,674

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

    securities $0

  • 7c · Gain or loss

    securities $1,209,674

  • 7d · Net gain or loss

    total $1,209,674 · excluded $1,209,674

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,140,642 · program services $5,140,642

  • 11f · Fees: investment management

    total $91,491 · management and general $91,491

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $55,947 · end of year $139,613

  • 2 · Savings and temporary cash investments

    beginning of year $141,944 · end of year $1,470,449

  • 11 · Investments: publicly traded securities

    beginning of year $34,149,406 · end of year $32,977,269

  • 17 · Accounts payable and accrued expenses

    beginning of year $24,195,658 · end of year $25,061,085

  • 27 · Net assets without donor restrictions

    beginning of year $9,128,164 · end of year $8,502,771

  • 28 · Net assets with donor restrictions

    beginning of year $1,023,475 · end of year $1,023,475

Mission and programs · 2025

Mission

THE MISSION OF THE HOSPICE FOUNDATION IS TO SUPPORT HOSPICE & PALLIATIVE CARECENTER THROUGH SOUND INVESTMENT, STRONG FUNDRAISING EFFORTS, AND COMPREHENSIVE STEWARDSHIP OF DONORS.

Activities or mission (Part I)

THE FOUNDATION OPERATES IN SUPPORT OF HOSPICE & PALLIATIVE CARECENTER ("THE CENTER"), A SECTION 501(C)(3) ORGANIZATION, BY SERVING AS A SUPPORTING ORGANIZATION TO SOLICIT FUNDS AND INVEST FUNDS AND PROVIDE FUNDING FOR AND ON BEHALF OF HOSPICE & PALLIATIVE CARECENTER.

  • THE HOSPICE FOUNDATION MANAGES THE INVESTMENTS OF HOSPICE & PALLIATIVE CARECENTER AND PROVIDES FINANCIAL SUPPORT TO THAT ORGANIZATION.

    Expenses $5,140,642 · Grants $5,140,642

As filed on the 2025 return.

Listed in Part VII

  • Elizabeth Madden

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jimmy Strickland

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Chris Munnelly

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • David Twine

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Lottie Kay

    PAST CHAIR FOUNDATION

    Total calculated
    $0
    Hours/week
    1

  • Mike Gwyn

    CHAIR GOVERNING

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Teresa Lindsay

    VICE CHAIR GOVERNING

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Bobby Kimbrough

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Aaron Spivey

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Amir Young

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Amy Smith

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brad Zabel

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Carla Brown Rumph

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Chris Henson

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Hal Rollins

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Hof Milam

    AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • Jeff Herman

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Keisha Redd

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Scott Cawood

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Steve Ashworth

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Stan Dean

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Pam Ball

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael Lalor

    CARECENTER CEO (EX-OFFICIO)

    Total calculated
    $462,272
    From this org
    $0
    From related orgs
    $446,331
    Other
    $15,941
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $400,641 related
    Bonus
    $0 + $44,400 related
    Other
    $0 + $1,290 related
    Deferred
    $0 + $15,500 related
    Nontaxable benefits
    $0 + $441 related
    Filer's total
    $0 + $462,272 related

  • Dave Shelton

    ASSISTANT TREASURER

    Total calculated
    $217,865
    From this org
    $0
    From related orgs
    $193,623
    Other
    $24,242
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $185,813 related
    Bonus
    $0 + $4,000 related
    Other
    $0 + $3,810 related
    Deferred
    $0 + $9,388 related
    Nontaxable benefits
    $0 + $14,854 related
    Filer's total
    $0 + $217,865 related

  • Beth Forrester

    EXECUTIVE DIRECTOR (EX-OFFICIO)

    Total calculated
    $162,451
    From this org
    $0
    From related orgs
    $141,453
    Other
    $20,998
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $135,463 related
    Bonus
    $0 + $4,700 related
    Other
    $0 + $1,290 related
    Deferred
    $0 + $6,312 related
    Nontaxable benefits
    $0 + $14,686 related
    Filer's total
    $0 + $162,451 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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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 3
THE OFFICERS' COMPENSATION LISTED IN PART VII WAS PAID BY HOSPICE & PALLIATIVE CARECENTER, A RELATED 501(C)(3) ORGANIZATON. THE CARECENTER DETERMINES COMPENSATION BY CONSULTING MARKET SURVEYS, PUBLISHED INDUSTRY STANDARDS AND THE HOSPICE & HOMECARE SALARY & BENEFITS REPORT. IN ADDITIION, THE COMPENSATION IS APPROVED BY THE GOVERNING BOARD.

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.

Provenance

Return type
form_990
Tax year
2025
Filed
3 August 2026
IRS schema version
2025v4.2
Source object
202612179349300611

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