Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $715,714

• 1f · All other contributions, gifts and grants

  $15,543,668

• 1g · Noncash contributions included above

  $2,311,693

• 2f · All other program service revenue

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

• 3 · Investment income

  total $12,154,580 · excluded $12,154,580

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  securities $20,000,000

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

  securities $15,737,206

• 7c · Gain or loss

  securities $4,262,794 · other assets $0

• 7d · Net gain or loss

  total $4,262,794 · excluded $4,262,794

• 8a · Fundraising events: gross income

  $164,344

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

  $715,714

• 8b · Fundraising events: direct expenses

  $302,015

• 8c · Net income from fundraising events

  total -$137,671 · excluded -$137,671

• 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 $17,358,464 · program services $17,358,464

• 5 · Compensation of officers, directors and key employees

  total $981,210 · management and general $78,477 · fundraising $902,733

• 7 · Other salaries and wages

  total $2,166,190 · management and general $173,251 · fundraising $1,992,939

• 8 · Pension plan contributions

  total $105,880 · management and general $8,468 · fundraising $97,412

• 9 · Other employee benefits

  total $416,107 · management and general $33,280 · fundraising $382,827

• 10 · Payroll taxes

  total $205,844 · management and general $16,463 · fundraising $189,381

• 11b · Fees: legal

  total $13,970 · management and general $13,970

• 11c · Fees: accounting

  total $45,270 · management and general $45,270

• 11f · Fees: investment management

  total $206,328 · management and general $206,328

• 11g · Fees: other

  total $687,822 · program services $0 · management and general $168,547 · fundraising $519,275

• 12 · Advertising and promotion

  total $676,856 · fundraising $676,856

• 13 · Office expenses

  total $1,405,732 · management and general $94,897 · fundraising $1,310,835

• 14 · Information technology

  total $110,299 · management and general $106,057 · fundraising $4,242

• 16 · Occupancy

  total $42,215 · management and general $42,215

• 17 · Travel

  total $57,330 · management and general $54,272 · fundraising $3,058

• 19 · Conferences, conventions and meetings

  total $107,789 · management and general $53,211 · fundraising $54,578

• 22 · Depreciation, depletion and amortization

  total $110,265 · management and general $110,265

• 23 · Insurance

  total $60,438 · management and general $60,438

• 24e · All other expenses

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

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $3,003,817 · end of year $2,050,188

• 3 · Pledges and grants receivable

  beginning of year $10,758,131 · end of year $5,810,227

• 4 · Accounts receivable

  beginning of year $2,962 · end of year $3,872

• 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

• 9 · Prepaid expenses and deferred charges

  beginning of year $240,642 · end of year $353,462

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

  $1,037,159

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

  $378,418

• 10c · Land, buildings and equipment, net

  beginning of year $756,939 · end of year $658,741

• 11 · Investments: publicly traded securities

  beginning of year $268,480,300 · end of year $292,582,109

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $22,296,801 · end of year $24,161,171

• 17 · Accounts payable and accrued expenses

  beginning of year $1,514,959 · end of year $357,082

• 18 · Grants payable

  beginning of year $116,716 · end of year $97,040

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $207,417 · end of year $175,345

• 27 · Net assets without donor restrictions

  beginning of year $240,066,140 · end of year $260,527,398

• 28 · Net assets with donor restrictions

  beginning of year $63,634,360 · end of year $64,462,905

The filer's explanations (Part III)

Schedule J, Part I, Line 7 Non-fixed payments

Lauren Moore(President & CEO) - Bonus determined by Board.

Schedule J, Part I, Line 3

Market comparables are used to complete a review and establish a range to be used by the board of directors to evaluate annually the current compensation for the president of the foundation. The base was established in 2006 but it is evaluated annually to ensure proper compensation. Officer compensation of other local healthcare foundations are used as the market comparable.