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← CALIFORNIA HEALTH FOUNDATION AND TRUST

Form 990 for tax year 2024

Filed by CALIFORNIA HEALTH FOUNDATION AND TRUST.

Totals

Total revenue
$45,957,239
Total expenses
$56,884,286
Contributions and grants received
$45,231,923
Grants paid
$52,966,094
Program service revenue
$0
Investment income
$725,316
Other revenue
$0
Total assets, end of year
$140,241,059
Total liabilities, end of year
$9,145,454
Net assets or fund balances, end of year
$131,095,605
Program services expenses (Part IX)
$56,822,796
Management and general expenses
$61,490
Fundraising expenses
$0
Program service expenses (Part III)
$56,822,796

Program services were 99.9% 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.

  • 1e · Government grants (contributions)

    $498,919

  • 1f · All other contributions, gifts and grants

    $44,733,004

  • 3 · Investment income

    total $725,316 · excluded $725,316

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $52,966,094 · program services $52,966,094

  • 7 · Other salaries and wages

    total $84,634 · program services $84,634

  • 9 · Other employee benefits

    total $16,080 · program services $16,080

  • 11a · Fees: management

    total $3,514,739 · program services $3,514,739

  • 11b · Fees: legal

    total $4,949 · management and general $4,949

  • 11c · Fees: accounting

    total $33,383 · program services $1,848 · management and general $31,535

  • 11g · Fees: other

    total $234,557 · program services $234,557

  • 13 · Office expenses

    total $818 · management and general $818

  • 17 · Travel

    total $4,844 · program services $4,844

  • 23 · Insurance

    total $20,791 · management and general $20,791

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $3,397 · management and general $3,397

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $133,381,505 · end of year $136,551,187

  • 3 · Pledges and grants receivable

    beginning of year $14,555,644 · end of year $3,428,219

  • 4 · Accounts receivable

    beginning of year $8,181 · end of year $7,410

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,593 · end of year $15,593

  • 11 · Investments: publicly traded securities

    beginning of year $236,516 · end of year $238,650

  • 17 · Accounts payable and accrued expenses

    beginning of year $35,740 · end of year $3,543,500

  • 18 · Grants payable

    beginning of year $6,141,181 · end of year $5,601,954

  • 27 · Net assets without donor restrictions

    beginning of year $2,738,239 · end of year $3,368,180

  • 28 · Net assets with donor restrictions

    beginning of year $139,282,279 · end of year $127,727,425

Mission and programs · 2024

Mission

SUPPORT ACCESS, RESEARCH, AND EDUCATION IN THE FIELDS OF HEALTHCARE DELIVERY, FINANCING, AND PATIENT CARE.

Activities or mission (Part I)

SUPPORT ACCESS, RESEARCH, AND EDUCATION IN THE HEALTHCARE FIELD

  • 2022-2024 HOSPITAL GRANT PROGRAMS:STATEWIDE EFFORT TO ASSIST HOSPITALS AND HOSPITAL HEALTH SYSTEMS IN CALIFORNIA TO CONTINUE TO PROVIDE ACCESS TO CARE FOR UNINSURED AND UNDERINSURED PEOPLE, PRESERVE PHYSICAL ACCESS TO CARE, AND PROVIDE COMMUNITY SERVICES SUCH AS MENTAL HEALTH ACCESS, WELLNESS, AND PREVENTION PROGRAMS. THE PROGRAM RECOVERS $5.2 BILLION OF THE $8.8 BILLION SHORTFALL ANNUALLY IN MEDI-CAL PAYMENTS.

    Expenses $56,323,877 · Grants $52,792,786

  • SUPPORT CRITICAL ACCESS HOSPITALS (CAHS) IN IMPLEMENTING QUALITY IMPROVEMENT ACTIVITIES.

    Expenses $498,919 · Grants $173,308

As filed on the 2024 return.

Listed in Part VII

  • Carmela Coyle

    PRESIDENT

    Total calculated
    $1,708,251
    From this org
    $0
    From related orgs
    $1,448,077
    Other
    $260,174
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,092,422 related
    Bonus
    $0 + $351,853 related
    Other
    $0 + $3,802 related
    Deferred
    $0 + $258,150 related
    Nontaxable benefits
    $0 + $2,024 related
    Filer's total
    $0 + $1,708,251 related

  • Kerry L Heinrich JD

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Siri Nelson

    CHAIR-ELECT

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Todd A Suntrapak

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Julie J Sprengel

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Judy Coffey RN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Pete Delgado

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Karen Faulis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Brett McClain

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kathleen J McIntire Cavs

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Louis Peltier

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Paul S Viviano

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jennifer M Newman

    CHIEF FINANCIAL OFFICER

    Total calculated
    $567,430
    From this org
    $0
    From related orgs
    $501,008
    Other
    $66,422
    Hours/week
    2.8 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $395,263 related
    Bonus
    $0 + $101,943 related
    Other
    $0 + $3,802 related
    Deferred
    $0 + $47,150 related
    Nontaxable benefits
    $0 + $19,272 related
    Filer's total
    $0 + $567,430 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)

PART I, LINE 3
CALIFORNIA HEALTH FOUNDATION AND TRUST (CHFT) RELIES ON CALIFORNIA ASSOCIATION OF HOSPITALS AND HEALTH SYSTEMS (CAHHS), A RELATED ORGANIZATION, TO ESTABLISH COMPENSATION FOR THE PRESIDENT USING ONE OR MORE OF THE METHODS DESCRIBED ON SCHEDULE J, PART I, LINE 3. THE COMPENSATION REPORTED FOR THE OFFICERS OF CHFT IS PAID BY CAHHS AND IS FOR SERVICES PROVIDED TO CAHHS AND CALIFORNIA HOSPITAL ASSOCIATION.
PART I, LINE 4B
THE ORGANIZATION MAINTAINS A NON-QUALIFIED SUPPLEMENTAL RETIREMENT PLAN. THIS PLAN IS INTENDED TO QUALIFY AS AN UNFUNDED PLAN OF DEFERRED COMPENSATION THAT IS MAINTAINED BY AN EMPLOYER PRIMARILY FOR THE PURPOSE OF PROVIDING DEFERRED COMPENSATION FOR THE SELECT GROUP OF MANAGEMENT OR HIGHLY COMPENSATED EMPLOYEES AS THOSE TERMS ARE DEFINED UNDER THE PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (ERISA). FUNDING FOR THIS PLAN IS THROUGH ANNUAL EMPLOYER CONTRIBUTIONS AND IS LIMITED TO THE ANNUAL AMOUNT SET FORTH BY THE US TREASURY DEPARTMENT. JENNIFER M. NEWMAN PARTICIPATED IN THE PLAN AND RECEIVED A BENEFIT OF $23,000 FOR THE YEAR. CARMELA COYLE HAS A 457(F) PLAN AND A CONTRIBUTION OF $234,000 WAS MADE IN 2024.

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

  • HEALTH PROPERTY ASSOCIATES

    GROUND LEASE · CA · general or managing partner

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CALIFORNIA HOSPITALS INVESTMENTS & PUBLICATIONS INC

    C · INACTIVE · CA

Provenance

Return type
form_990
Tax year
2024
Filed
11 November 2025
IRS schema version
2024v5.2
Source object
202533169349308838

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