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Nonprofiteer
← CORNERSTONE HOSPICE FOUNDATION INC

Form 990 for tax year 2022

Filed by CORNERSTONE HOSPICE FOUNDATION INC.

Totals

Total revenue
$961,785
Total expenses
$1,511,006
Contributions and grants received
$834,274
Grants paid
$1,253,831
Program service revenue
$0
Investment income
$143,532
Other revenue
-$16,021
Total assets, end of year
$13,105,079
Total liabilities, end of year
$6,111,112
Net assets or fund balances, end of year
$6,993,967
Program services expenses (Part IX)
$1,433,594
Management and general expenses
$62,412
Fundraising expenses
$15,000
Program service expenses (Part III)
$1,433,594

Program services were 94.9% 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

    $1,876

  • 1c · Fundraising events

    $172,053

  • 1e · Government grants (contributions)

    $8,750

  • 1f · All other contributions, gifts and grants

    $651,595

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $116,426 · excluded $116,426

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $615,944

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

    securities $588,838

  • 7c · Gain or loss

    securities $27,106 · other assets $0

  • 7d · Net gain or loss

    total $27,106 · excluded $27,106

  • 8a · Fundraising events: gross income

    $9,445

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

    $172,053

  • 8b · Fundraising events: direct expenses

    $25,466

  • 8c · Net income from fundraising events

    total -$16,021 · excluded -$16,021

  • 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 $1,253,831 · program services $1,253,831

  • 11a · Fees: management

    total $172,823 · program services $146,900 · management and general $25,923

  • 11e · Fees: professional fundraising services

    total $15,000 · fundraising $15,000

  • 11f · Fees: investment management

    total $12,915 · management and general $12,915

  • 11g · Fees: other

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

  • 12 · Advertising and promotion

    total $861 · program services $498 · management and general $363

  • 13 · Office expenses

    total $18,381 · program services $10,533 · management and general $7,848

  • 17 · Travel

    total $2,696 · program services $1,560 · management and general $1,136

  • 19 · Conferences, conventions and meetings

    total $1,319 · program services $763 · management and general $556

  • 22 · Depreciation, depletion and amortization

    total $1,598 · program services $1,243 · management and general $355

  • 23 · Insurance

    total $5,000 · program services $2,892 · management and general $2,108

  • 24a · Other expenses: Donor Recognition & Planned Giving Expense

    total $20,240 · program services $11,706 · management and general $8,534

  • 24b · Other expenses: Events Expense

    total $6,005 · program services $3,473 · management and general $2,532

  • 24c · Other expenses: Repairs & Maintenance

    total $337 · program services $195 · management and general $142

  • 24e · All other expenses

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

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $122,735 · end of year $456,911

  • 3 · Pledges and grants receivable

    beginning of year $838,868 · end of year $885,618

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $1,455,005 · end of year $1,455,005

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,940 · end of year $15,449

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

    $158,061

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

    $63,566

  • 10c · Land, buildings and equipment, net

    beginning of year $96,093 · end of year $94,495

  • 11 · Investments: publicly traded securities

    beginning of year $9,438,587 · end of year $10,096,036

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $95,733 · end of year $101,565

  • 17 · Accounts payable and accrued expenses

    beginning of year $70 · end of year $0

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $5,113,556 · end of year $6,111,112

  • 27 · Net assets without donor restrictions

    beginning of year $1,140,515 · end of year $784,296

  • 28 · Net assets with donor restrictions

    beginning of year $5,810,820 · end of year $6,209,671

Mission and programs · 2022

Mission

CORNERSTONE HOSPICE FOUNDATION IS THE PHILANTHROPIC LINK IN PROVIDING AND ASSURING THE STEWARDSHIP OF THE RESOURCES TO SUPPORT HOSPICE CARE THROUGH CORNERSTONE HOSPICE & PALLIATIVE CARE, INC. FOR ALL SERIOUSLY ILL PERSONS FACING END-OF-LIFE AND THEIR FAMILIES IN CENTRAL FLORIDA, INCLUDING LAKE, SUMTER, ORANGE, OSCEOLA, HARDEE, HIGHLANDS & POLK COUNTIES. THE BOARD OF DIRECTORS, STAFF, AND VOLUNTEERS SHARE A COMMON INTEREST IN IMPROVING QUALITY OF LIFE, ENCOURAGING PARTICIPATION OF THE COMMUNITY THROUGH PARTNERSHIPS FOR SPECIAL EVENTS, PLANNED GIVING, COMMUNITY SUPPORT, CORPORATE AND ANNUAL GIVING AND ENRICHING THE LIVES OF INDIVIDUALS AND THE COMMUNITY, NOW AND FOR FUTURE GENERATIONS.

Activities or mission (Part I)

THE FOUNDATION IS THE PHILANTHROPIC LINK IN PROVIDING AND ASSURING THE STEWARDSHIP OF THE RESOURCES TO SUPPORT HOSPICE CARE THROUGH CORNERSTONE HOSPICE & PALLIATIVE CARE INC.

  • THE CORNERSTONE HOSPICE FOUNDATION PROVIDES RESOURCES FOR CRITICAL END-OF-LIFE SERVICES FOR INDIVIDUALS AND FAMILIES THROUGHOUT CENTRAL FLORIDA. AREAS OF FUNDING INCLUDE THE BUILDING AND OPERATIONAL SUPPORT OF 4 HOSPICE HOUSES AND 2 INPATIENT UNIT, EACH OFFERING PATIENTS A HOMELIKE SETTING WITH 24-HOUR HOSPICE CAREGIVERS, A PALLIATIVE CARE PROGRAM THAT PROVIDES IN-HOME COMFORT, EMOTIONAL SUPPORT SERVICES, AND IMPROVED QUALITY OF LIFE FOR THOSE EXPERIENCING SERIOUS, COMPLEX, OR CHRONIC ILLNESS, CHILDREN'S & COMMUNITY BEREAVEMENT PROGRAM THAT ENABLES INDIVIDUALS OF ALL AGES TO EMERGE HEALTHY FROM GRIEF EXPERIENCES, AND, HUMANITARIAN FUND THAT HELPS FAMILIES WITHOUT THE FINANCIAL MEANS TO MEET THE COST OF NECESSITIES OF DAILY LIFE, PROVIDING EMERGENCY RELIEF TO THOSE REFERRED BY OUR TEAMS OF SOCIAL WORKERS.

    Expenses $1,433,594 · Grants $1,253,831

As filed on the 2022 return.

Listed in Part VII

  • Adam Kamus

    Vice Chair

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Heath Nailos

    Chair

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Jim Purvis

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Robert C Fross

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Beth Hunt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jo Newell

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kyle Clapper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lynn Walker Wright

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Reba Mazak

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rich Barry

    Director

    Total calculated
    $0
    Hours/week
    1

  • Scott Gerken

    Immediate past Chair

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Charles O Lee

    Chief Admin Officer

    Total calculated
    $0
    Hours/week
    2

  • Todd Webb

    CHIEF FINANCIAL OFFICER

    Total calculated
    $0
    Hours/week
    2

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

Provenance

Return type
form_990
Tax year
2022
Filed
19 October 2023
IRS schema version
2022v5.0
Source object
202342929349301034

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