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← RITE AID HEALTHY FUTURES

Form 990 for tax year 2023

Filed by RITE AID HEALTHY FUTURES.

Totals

Total revenue
$10,719,169
Total expenses
$12,167,458
Contributions and grants received
$10,289,978
Grants paid
$10,577,285
Program service revenue
$0
Investment income
$429,191
Other revenue
$0
Total assets, end of year
$22,357,023
Total liabilities, end of year
$1,316,548
Net assets or fund balances, end of year
$21,040,475
Program services expenses (Part IX)
$11,457,410
Management and general expenses
$456,606
Fundraising expenses
$253,442
Program service expenses (Part III)
$11,457,410

Program services were 94.2% 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

    $10,289,978

  • 3 · Investment income

    total $429,191 · excluded $429,191

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,577,285 · program services $10,577,285

  • 11a · Fees: management

    total $944,492 · program services $880,125 · management and general $64,367

  • 11c · Fees: accounting

    total $47,530 · management and general $47,530

  • 11f · Fees: investment management

    total $82,617 · management and general $82,617

  • 11g · Fees: other

    total $217,567 · management and general $217,567

  • 13 · Office expenses

    total $4,025 · management and general $4,025

  • 24a · Other expenses: OTHER

    total $173,600 · fundraising $173,600

  • 24b · Other expenses: PUBLIC RELATIONS

    total $55,412 · fundraising $55,412

  • 24c · Other expenses: BAD DEBTS EXPENSE

    total $40,500 · management and general $40,500

  • 24d · Other expenses: TRAVEL MEALS HOTEL TAXI

    total $12,395 · fundraising $12,395

  • 24e · All other expenses

    total $12,035 · fundraising $12,035

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,871,748 · end of year $4,497,434

  • 3 · Pledges and grants receivable

    beginning of year $1,040,333 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $18,676,952 · end of year $16,262,969

  • 15 · Other assets

    beginning of year $1,564,836 · end of year $1,596,620

  • 17 · Accounts payable and accrued expenses

    beginning of year $82,070 · end of year $316,548

  • 18 · Grants payable

    beginning of year $4,822,478 · end of year $1,000,000

  • 27 · Net assets without donor restrictions

    beginning of year $10,714,316 · end of year $11,799,831

  • 28 · Net assets with donor restrictions

    beginning of year $9,535,005 · end of year $9,240,644

Mission and programs · 2023

Mission

THE FOUNDATION RAISES FUNDS TO SUPPORT CHARITABLE ACTIVITIES IN THE VARIOUS COMMUNITIES THAT RITE AID SERVES, WITH A SHARPENED FOCUS ON ADDRESSING RACIAL INEQUITIES AND HEALTH DISPARITIES FOR KIDS WHILE DRIVING MEANINGFUL PROGRESS AND SUSTAINABLE CHANGE ON THESE KEY ISSUES.

Activities or mission (Part I)

RITE AID HEALTHY FUTURES RAISES FUNDS TO SUPPORT CHARITABLE ACTIVITIES IN THE VARIOUS COMMUNITIES THAT RITE AID SERVES, WITH A SHARPENED FOCUS ON ADDRESSING RACIAL INEQUITIES AND HEALTH DISPARITIES FOR KIDS WHILE DRIVING MEANINGFUL PROGRESS AND SUSTAINABLE CHANGE ON THESE KEY ISSUES.

  • THE FOUNDATION DISTRIBUTED GRANTS TO CHARITABLE ORGANIZATIONS IN THE VARIOUS COMMUNITIES IN WHICH THE RITE AID CORPORATION SERVES, AND TO ORGANIZATIONS AND INDIVIDUALS IN RESPONSE TO NATURAL DISASTERS.

    Expenses $11,457,410 · Grants $10,577,285

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jessica Kazmaier

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Byron Purcell

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Emily Edmunds

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Jocelyn Conrad

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Chris Dupaul

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Andre Persaud

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Bill Renz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Matthew Schroeder

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Susan Thomas

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Matthew Decamara

    EXECUTIVE DIRECTOR

    Total calculated
    $249,345
    From this org
    $220,548
    From related orgs
    $0
    Other
    $28,797
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $220,548
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $28,797
    Filer's total
    $249,345

  • Lindsay Mason

    DEPUTY DIRECTOR

    Total calculated
    $169,418
    From this org
    $160,577
    From related orgs
    $0
    Other
    $8,841
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,577
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $8,841
    Filer's total
    $169,418

  • Kyle Smith

    SENIOR MANAGER

    Total calculated
    $129,415
    From this org
    $120,608
    From related orgs
    $0
    Other
    $8,807
    Hours/week
    40

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
  • 4c · Equity-based compensation arrangement

Answered no

  • 4a · Severance or change-of-control payment
  • 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, LINES 4B-C
BOARD MEMBERS IN THEIR CAPACITY AS MANAGEMENT OF RITE AID CORPORATION PARTICIPATE IN SUPPLEMENTAL NONQUALIFIED RETIREMENT PLANS AND EQUITY-BASED COMPENSATION ARRANGEMENTS. BOARD MEMBERS IN THIER CAPACITY AS MANAGEMENT OF RITE AID CORPORATION MAY HAVE RECEIVED SEVERANCE PAYMENTS.

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.

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 corporations and trusts

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

  • RITE AID CORPORATION

    C · NATIONAL RETAIL DRUGSTORE CHAIN · DE

Provenance

Return type
form_990
Tax year
2023
Filed
4 September 2024
IRS schema version
2023v5.1
Source object
202422489349300807

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