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Nonprofiteer
← THE HSC FOUNDATION

Form 990 for tax year 2022

Filed by THE HSC FOUNDATION.

Totals

Total revenue
$9,822,714
Total expenses
$9,914,956
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$8,623,036
Investment income
$1,199,678
Other revenue
$0
Total assets, end of year
$93,794,354
Total liabilities, end of year
$1,362,234
Net assets or fund balances, end of year
$92,432,120
Program services expenses (Part IX)
$5,782,020
Management and general expenses
$4,132,936
Fundraising expenses
$0
Program service expenses (Part III)
$5,782,020

Program services were 58.3% 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.

  • 2a · Program service revenue: PATIENT SERVICE REV

    total $8,623,036 · related or exempt $8,623,036

  • 3 · Investment income

    total $1,199,678 · unrelated business $74,908 · excluded $1,124,770

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $253,426 · management and general $253,426

  • 7 · Other salaries and wages

    total $6,421,594 · program services $5,543,145 · management and general $878,449

  • 8 · Pension plan contributions

    total $140,905 · program services $23,893 · management and general $117,012

  • 9 · Other employee benefits

    total $459,714 · program services $77,953 · management and general $381,761

  • 10 · Payroll taxes

    total $484,422 · program services $82,143 · management and general $402,279

  • 11f · Fees: investment management

    total $16,312 · management and general $16,312

  • 11g · Fees: other

    total $108,139 · program services $170 · management and general $107,969

  • 13 · Office expenses

    total $5,496 · management and general $5,496

  • 14 · Information technology

    total $4,671 · management and general $4,671

  • 16 · Occupancy

    total $168,936 · management and general $168,936

  • 17 · Travel

    total $263 · program services $263

  • 20 · Interest

    total $61,049 · management and general $61,049

  • 22 · Depreciation, depletion and amortization

    total $89,442 · management and general $89,442

  • 23 · Insurance

    total $5,168 · management and general $5,168

  • 24a · Other expenses: SHARED SERVICE ALLOC

    total $1,617,000 · management and general $1,617,000

  • 24b · Other expenses: UTILITIES

    total $65,316 · program services $49,348 · management and general $15,968

  • 24c · Other expenses: FOOD & MEALS

    total $5,279 · program services $2,641 · management and general $2,638

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $4,927 · management and general $4,927

  • 24e · All other expenses

    total $2,897 · program services $2,464 · management and general $433

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,791,787 · end of year $3,884,368

  • 4 · Accounts receivable

    beginning of year $870,934 · end of year $969,800

  • 9 · Prepaid expenses and deferred charges

    beginning of year $92,395 · end of year $151,663

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

    $1,726,855

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

    $1,640,090

  • 10c · Land, buildings and equipment, net

    beginning of year $176,208 · end of year $86,765

  • 11 · Investments: publicly traded securities

    beginning of year $45,464,018 · end of year $50,329,275

  • 12 · Investments: other securities

    beginning of year $2,828,121 · end of year $1,923,914

  • 15 · Other assets

    beginning of year $31,163,155 · end of year $36,448,569

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,205,822 · end of year $1,168,146

  • 25 · Other liabilities

    beginning of year $342,838 · end of year $194,088

  • 27 · Net assets without donor restrictions

    beginning of year $89,837,958 · end of year $92,432,120

Mission and programs · 2022

Mission

SEE SCHEDULE O.TO PROVIDE AND COORDINATE INNOVATIVE, HIGH QUALITY, COMMUNITY-BASED CARE FOR INDIVIDUALS WITH COMPLEX NEEDS AND THEIR FAMILIES. THE HSC FOUNDATION (FOUNDATION) EMPOWERS ALL WE SERVE TO IMPROVE THE QUALITY OF THEIR LIVES THROUGH ITS SUPPORT OF THE HOSPITAL FOR SICK CHILDREN (COMMONLY REFERRED TO AS THE HSC PEDIATRIC CENTER AND SOMETIMES REFERRED TO HEREIN AS HSCPC); HEALTH SERVICES FOR CHILDREN WITH SPECIAL NEEDS, AND HSC HOME CARE, LLC WHILE CONDUCTING PROJECTS WITH THE GOVERNMENT AND OTHER NON-PROFIT ORGANIZATIONS.

Activities or mission (Part I)

SEE SCHEDULE O.

  • HSC HOME CARE, LLC, (HSCHC) A DISREGARDED ENTITY OF THE ORGANIZATION, OFFERS SKILLED NURSING SERVICES, HOME HEALTH AIDE AND PERSONAL CARE AID SERVICES, RESPITE CARE, REHABILITATIVE THERAPIES, LICENSED CLINICAL SOCIAL WORKERS, WELL MOM AND BABY VISITS, INTERMITTENT INTRAVENOUS SERVICES, AND EDUCATION FOR PATIENT, PATIENT FAMILY, AND CAREGIVER. DURING THE YEAR ENDED JUNE 30, 2023 HSC HOME CARE PROVIDED HOME VISITS TO PRIMARILY MEDICAID PEDIATRIC PATIENTS IN THE DC METROPOLITAN AREA. THERE WERE 22,758 SKILLED NURSING VISITS AND 3,725 HOME HEALTH AIDE VISITS. HSC HOME CARE ALSO HAD 834 OT, PT, SPEECH THERAPY AND SOCIAL WORK VISITS.

    Expenses $5,782,020 · Revenue $8,623,036

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

Listed in Part VII

  • NATHANIEL BEERS MD

    PRESIDENT OF HSC

    Total calculated
    $942,111
    From this org
    $0
    From related orgs
    $821,699
    Other
    $120,412
    Hours/week
    2 + 53 related

    Schedule J breakdown matched by us

    Base
    $0 + $469,321 related
    Bonus
    $0 + $232,918 related
    Other
    $0 + $119,460 related
    Deferred
    $0 + $86,395 related
    Nontaxable benefits
    $0 + $34,017 related
    Filer's total
    $0 + $942,111 related

  • MICHAEL WARD

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • NEIL GRAMMER

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • WENDY GOLDBERG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • MICHAEL JONES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • SHARON BRICKHOUSE-MARTIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ERIC MINKOVE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CHRISTOPHER NACE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • STEPHEN F RILEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CAROLINE VAN VLECK MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ALDWIN LINDSAY

    TREASURER & EVP/CFO

    Total calculated
    $1,192,718
    From this org
    $0
    From related orgs
    $1,068,278
    Other
    $124,440
    Hours/week
    2 + 53 related

    Schedule J breakdown matched by us

    Base
    $0 + $671,077 related
    Bonus
    $0 + $340,588 related
    Other
    $0 + $56,613 related
    Deferred
    $0 + $111,643 related
    Nontaxable benefits
    $0 + $12,797 related
    Filer's total
    $0 + $1,192,718 related

  • MARY ANNE HILLIARD

    SECRETARY

    Total calculated
    $1,054,044
    From this org
    $0
    From related orgs
    $944,536
    Other
    $109,508
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $521,914 related
    Bonus
    $0 + $269,596 related
    Other
    $0 + $153,026 related
    Deferred
    $0 + $80,233 related
    Nontaxable benefits
    $0 + $29,275 related
    Filer's total
    $0 + $1,054,044 related

  • ABIMBOLA EMMANUEL

    HSCHC COO

    Total calculated
    $318,205
    From this org
    $0
    From related orgs
    $288,597
    Other
    $29,608
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $241,271 related
    Bonus
    $0 + $46,666 related
    Other
    $0 + $660 related
    Deferred
    $0 + $10,449 related
    Nontaxable benefits
    $0 + $19,159 related
    Filer's total
    $0 + $318,205 related

  • GRACE BATE

    NURSE

    Total calculated
    $136,607
    From this org
    $0
    From related orgs
    $107,860
    Other
    $28,747
    Hours/week
    55

  • ENGULAH ROBERSON

    NURSE

    Total calculated
    $120,192
    From this org
    $0
    From related orgs
    $111,025
    Other
    $9,167
    Hours/week
    55

  • RONALD FERREIRA

    CLINICAL SUPERVISOR

    Total calculated
    $111,172
    From this org
    $0
    From related orgs
    $100,566
    Other
    $10,606
    Hours/week
    55

  • VICKI NOLAN

    NURSE

    Total calculated
    $101,935
    From this org
    $0
    From related orgs
    $101,888
    Other
    $47
    Hours/week
    55

  • KIMBERLY BROWN

    FORMER OFFICER

    Total calculated
    $279,635
    From this org
    $0
    From related orgs
    $259,125
    Other
    $20,510
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $214,469 related
    Bonus
    $0 + $42,215 related
    Other
    $0 + $2,441 related
    Deferred
    $0 + $10,824 related
    Nontaxable benefits
    $0 + $9,686 related
    Filer's total
    $0 + $279,635 related

  • DONNA ANTHONY

    FORMER KEY EMPLOYEE

    Total calculated
    $466,789
    From this org
    $0
    From related orgs
    $417,353
    Other
    $49,436
    Hours/week
    0 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $311,668 related
    Bonus
    $0 + $87,629 related
    Other
    $0 + $18,056 related
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $34,186 related
    Filer's total
    $0 + $466,789 related

  • GISELLE JONES

    FORMER KEY EMPLOYEE

    Total calculated
    $110,638
    From this org
    $0
    From related orgs
    $106,691
    Other
    $3,947
    Hours/week
    0 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $97,091 related
    Bonus
    $0
    Other
    $0 + $9,600 related
    Deferred
    $0 + $2,942 related
    Nontaxable benefits
    $0 + $1,005 related
    Filer's total
    $0 + $110,638 related

  • DEBBIE HOLSON

    FORMER KEY EMPLOYEE

    Total calculated
    $359,683
    From this org
    $0
    From related orgs
    $318,128
    Other
    $41,555
    Hours/week
    0 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $255,916 related
    Bonus
    $0 + $57,856 related
    Other
    $0 + $4,356 related
    Deferred
    $0 + $13,265 related
    Nontaxable benefits
    $0 + $28,290 related
    Filer's total
    $0 + $359,683 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)

SCHEDULE J, PART I, LINE 3:
PROCESS FOR DETERMINING COMPENSATION THE HSC FOUNDATION RELIES ON ITS SOLE MEMBER, CHILDREN'S NATIONAL MEDICAL CENTER (DBA CHILDREN'S NATIONAL), TO DETERMINE COMPENSATION FOR HSC FOUNDATION'S PRESIDENT. CHILDREN'S NATIONAL USES AN EXECUTIVE COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE PEOPLE, CULTURE AND COMPENSATION COMMITTEE OF THE BOARD TO ESTABLISH COMPENSATION.
SCHEDULE J, PART I, LINE 4B:
SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN THE FOLLOWING INDIVIDUALS PARTICIPATED IN A NON-QUALIFIED SUPPLEMENTAL RETIREMENT PLAN. THE CONTRIBUTIONS TO THE SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (C) AS PART OF DEFERRED COMPENSATION OR SCHEDULE J, PART II, COLUMN (B) (III) WHEN AMOUNTS ARE DEFERRED AND DISTRIBUTED IN THE SAME CALENDER YEAR: MARY ANNE HILLIARD $64,983 ALDWIN LINDSAY $96,393 NATHANIEL BEERS, MD $71,145 ADDITIONALLY, THE FOLLOWING INDIVIDUALS RECEIVED DISTRIBUTIONS FROM THE PLAN THAT WERE DEFERRED ON A PREVIOUSLY FILED FORM 990 AND ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III) AS TAXABLE WAGES IN THE CURRENT YEAR. MARRY ANNE HILLIARD $100,469 ALDWIN LIDSAY $30,753 NATHANIEL BEERS $96,313

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

No itemized grants to organizations 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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • HSC HOME CARE LLC

    HEALTHCARE · DC · income $8,623,036 · assets $9,929,072

    Directly controlled by HSC FNDN

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
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202411359349302161

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