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Nonprofiteer
← F F THOMPSON HOSPITAL FOUNDATION INC

Form 990 for tax year 2023

Filed by F F THOMPSON HOSPITAL FOUNDATION INC.

Totals

Total revenue
$5,436,643
Total expenses
$6,636,553
Contributions and grants received
$4,955,235
Grants paid
$6,025,330
Program service revenue
$0
Investment income
$471,754
Other revenue
$9,654
Total assets, end of year
$18,000,183
Total liabilities, end of year
$1,495,372
Net assets or fund balances, end of year
$16,504,811
Program services expenses (Part IX)
$6,377,310
Management and general expenses
$259,243
Fundraising expenses
$0
Program service expenses (Part III)
$6,377,310

Program services were 96.1% 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

    $276,250

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $4,678,985

  • 1g · Noncash contributions included above

    $1,959

  • 3 · Investment income

    total $151,743 · related or exempt $0 · unrelated business $0 · excluded $151,743

  • 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

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $0 · other assets $320,011

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

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $0 · other assets $320,011

  • 7d · Net gain or loss

    total $320,011 · related or exempt $0 · unrelated business $0 · excluded $320,011

  • 8a · Fundraising events: gross income

    $51,230

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

    $276,250

  • 8b · Fundraising events: direct expenses

    $98,595

  • 8c · Net income from fundraising events

    total -$47,365 · unrelated business $0 · excluded -$47,365

  • 11a · Other revenue: Miscellaneous

    total $57,019 · related or exempt $0 · unrelated business $0 · excluded $57,019

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $57,019

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,025,330 · program services $6,025,330

  • 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 $186,403 · program services $186,403 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total $5,871 · program services $5,871 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $19,750 · program services $19,750 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $12,505 · program services $12,505 · management and general $0 · fundraising $0

  • 11a · Fees: management

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

  • 11b · Fees: legal

    total $350 · program services $0 · management and general $350 · fundraising $0

  • 11c · Fees: accounting

    total $22,584 · program services $0 · management and general $22,584 · 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 $67,982 · program services $67,982 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $13,038 · program services $13,038 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $23,041 · program services $23,041 · management and general $0 · fundraising $0

  • 14 · Information technology

    total $1,838 · program services $1,838 · 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 $241 · program services $241 · 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 $470 · program services $470 · 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 $100 · program services $0 · management and general $100 · fundraising $0

  • 23 · Insurance

    total $168 · program services $168 · management and general $0 · fundraising $0

  • 24a · Other expenses: Membership Assessment

    total $236,042 · program services $0 · management and general $236,042 · fundraising $0

  • 24b · Other expenses: Wilmot Cancer Funds

    total $15,350 · program services $15,350 · management and general $0 · fundraising $0

  • 24c · Other expenses: Bad Debt Expense

    total $2,826 · program services $2,826 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $2,664 · program services $2,497 · management and general $167 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $971,884 · end of year $502,134

  • 2 · Savings and temporary cash investments

    beginning of year $4,675,060 · end of year $5,081,239

  • 3 · Pledges and grants receivable

    beginning of year $201,366 · end of year $311,760

  • 4 · Accounts receivable

    beginning of year $99,364 · end of year $11,470

  • 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

    $22,576

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

    $21,327

  • 10c · Land, buildings and equipment, net

    beginning of year $1,349 · end of year $1,249

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $11,731,230 · end of year $10,884,194

  • 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 $1,185,661 · end of year $1,208,137

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,162 · end of year $15,177

  • 18 · Grants payable

    beginning of year $0

  • 19 · Deferred revenue

    beginning of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0

  • 25 · Other liabilities

    beginning of year $1,874,837 · end of year $1,480,195

  • 27 · Net assets without donor restrictions

    beginning of year $11,947,830 · end of year $11,376,102

  • 28 · Net assets with donor restrictions

    beginning of year $5,029,085 · end of year $5,128,709

Mission and programs · 2023

Mission

F.F. Thompson Foundation, Inc., a not-for-profit corporation, is committed to achieving philanthropic support for the services and priority needs of the F F Thompson Health System and its affiliated tax-exempt corporations and to overseeing the management of restricted and unrestricted funds of the Foundation.

  • The Foundation awarded Community Health Grants to local organizations in 2023. The applicants must meet the following criteria: benefit health status of the community, planned goal with time frame, and commitment to community partnering. (15 grants awarded)

    Expenses $20,977 · Grants $20,977

  • The Foundation operates to provide funds for the benefit of the FF Thompson Health System, FF Thompson Hospital (Hospital), Senior Communities, and MM Ewing Continuing Care Center (Continuing Care Center). The Foundation solicits, accepts, holds, invests, and administers funds and uses the income and principal thereof for the foregoing purposes.

    Expenses $6,356,333

As filed on the 2023 return.

Listed in Part VII

  • Michael F Stapleton Jr

    President/CEO

    Total calculated
    $960,515
    From this org
    $0
    From related orgs
    $829,065
    Other
    $131,450
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $561,582 related
    Bonus
    $0 + $125,580 related
    Other
    $0 + $141,903 related
    Deferred
    $0 + $100,220 related
    Nontaxable benefits
    $0 + $31,230 related
    Filer's total
    $0 + $960,515 related

  • Mark F Prunoske

    Sr VP Finance/CFO

    Total calculated
    $530,536
    From this org
    $0
    From related orgs
    $447,837
    Other
    $82,699
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $362,165 related
    Bonus
    $0 + $41,924 related
    Other
    $0 + $43,748 related
    Deferred
    $0 + $56,640 related
    Nontaxable benefits
    $0 + $26,059 related
    Filer's total
    $0 + $530,536 related

  • Michael Fahy

    Board Member

    Total calculated
    $267,185
    From this org
    $0
    From related orgs
    $214,770
    Other
    $52,415
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $214,645 related
    Bonus
    $0
    Other
    $0 + $125 related
    Deferred
    $0 + $21,164 related
    Nontaxable benefits
    $0 + $31,251 related
    Filer's total
    $0 + $267,185 related

  • Susan Fulmer MD

    Board Member

    Total calculated
    $90,082
    From this org
    $0
    From related orgs
    $89,862
    Other
    $220
    Hours/week
    0.5 + 54.5 related

  • Krista Jackson

    Chair

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • Gregory Felosky

    Vice Chair

    Total calculated
    $0
    Hours/week
    0.5

  • Wade A Sarkis

    Treasurer

    Total calculated
    $0
    Hours/week
    0.5

  • Lauren M Dixon

    Secretary

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • Dawn Borgeest

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Colleen Emblidge

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Gerrett Geartz

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Amanda Gigliotti

    Board member

    Total calculated
    $0
    Hours/week
    0.5

  • Lewis J Gould

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Paul H Griswold

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Phil Muscato

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Wanda Polisseni

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Lauren Sands

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Jeffrey P Siewert

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • David Sorce

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Jody Stolt

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • William Wheeler

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

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
  • 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)

Schedule J, Part I, Line 3
As provided in the Form 990, Schedule J Instructions, since the organization relies on a related organization which uses one or more of the methods described in Line 3 to establish the top management officials' compensation, this question has been left unanswered. Refer to Schedule O, description of compensation review and approval process.
Schedule J, Part I, Line 4
The following individuals participated in a supplemental nonqualified retirement plan and received employer paid amount that are included in deferred compensation. 457(F) plan payments were Michael Stapleton-$83,720 and Mark Prunoske-$33,540.
Schedule J, Part I, Line 7
The President/CEO, and Senior VP of Finance/CFO are eligible for a variable percent year end incentive based on predetermined goals. The goals are operational, financial and managerial in nature. The financial goals tie, in part, to the net earnings of the organization and it's affiliates.

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.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2023
Filed
4 November 2024
IRS schema version
2023v5.0
Source object
202403119349302765

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