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← DELAWARE FOUNDATION FOR MEDICAL SERVICES LTD

Form 990 for tax year 2022

Filed by DELAWARE FOUNDATION FOR MEDICAL SERVICES LTD.

Totals

Total revenue
$87,818
Total expenses
$113,603
Contributions and grants received
$15,090
Grants paid
$54,303
Program service revenue
$0
Investment income
$72,728
Other revenue
$0
Total assets, end of year
$1,619,266
Total liabilities, end of year
$4,040
Net assets or fund balances, end of year
$1,615,226
Program services expenses (Part IX)
$54,303
Management and general expenses
$59,300
Fundraising expenses
$0
Program service expenses (Part III)
$54,303

Program services were 47.8% 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

    $15,090

  • 3 · Investment income

    total $44,154 · excluded $44,154

  • 7a · Gross sales of assets other than inventory

    securities $880,088

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

    securities $851,514

  • 7c · Gain or loss

    securities $28,574

  • 7d · Net gain or loss

    total $28,574 · excluded $28,574

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $54,303 · program services $54,303

  • 11a · Fees: management

    total $43,438 · management and general $43,438

  • 11c · Fees: accounting

    total $4,400 · management and general $4,400

  • 11f · Fees: investment management

    total $9,820 · management and general $9,820

  • 24a · Other expenses: ADMINISTRATIVE EXPENSES

    total $1,642 · management and general $1,642

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $98,826 · end of year $104,560

  • 2 · Savings and temporary cash investments

    beginning of year $559 · end of year $1,017

  • 11 · Investments: publicly traded securities

    beginning of year $261,047 · end of year $221,883

  • 12 · Investments: other securities

    beginning of year $1,665,743 · end of year $1,291,806

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,155 · end of year $4,040

  • 27 · Net assets without donor restrictions

    beginning of year $2,022,020 · end of year $1,615,226

Mission and programs · 2022

Mission

TO RECEIVE AND ADMINISTER GIFTS OF PROPERTY FOR CHARITABLE, BENEVOLENT CIVIC, HEALTH, SCIENTIFIC AND EDUCATIONAL PURPOSES, PRIMARILY FOR THE PURPOSE OF ENHANCING THE QUALITY OF MEDICAL CARE IN THE STATE OF DELAWARE IN A MANNER THAT SHALL: 1. AFFORD TO PERSONS AN OPPORTUNITY TO MAKE GIFTS WITH A GREATER BENEFICIAL RESULT THAN POSSIBLE THROUGH INDIVIDUAL ACTION; 2. AFFORD TO CORPORATIONS AN OPPORTUNITY EQUAL TO THAT OF INDIVIDUALS TO CREATE MEMORIALS OR MAKE GIFTS AS THE CIRCUMSTANCES OF THEIR ECONOMIC SITUATIONS WARRANT, FROM TIME TO TIME; AND, 3. SAFEGUARD AND PROVIDE FOR THE PERMANENT SECURITY OF SUCH GIFTS.

Activities or mission (Part I)

TO ENHANCE THE QUALITY OF MEDICAL CARE IN THE STATE OF DELAWARE.

  • THE FOUNDATION PROVIDES AWARDS TO PROMOTE PROGRAMS FOR BETTER ACCESS AND QUALITY OF HEALTHCARE IN THE STATE OF DELAWARE.

    Expenses $54,303 · Grants $54,303

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michael A Alexander MD

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Edward R Sobel Do

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Richard E Menkiewicz

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Andrew Dahlke MD

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Deborah Zarek MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Nancy Fan MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Suzanne J Sherman MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Robert Varipapa MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Stephanie Guarino MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Justin Eldridge MD

    ADVISORY MEMBER

    Total calculated
    $0
    Hours/week
    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.

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.

  • HEALTH HUB LLC

    MEDICAL WEBSITE · DE

  • MEDNET LLC

    HEALTH SERVICES · DE

Provenance

Return type
form_990
Tax year
2022
Filed
3 May 2023
IRS schema version
2022v5.0
Source object
202311239349300136

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