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← PCC FOUNDATION

Form 990 for tax year 2023

Filed by PCC FOUNDATION.

Totals

Total revenue
$477,828
Total expenses
$563,649
Contributions and grants received
$0
Grants paid
$550,000
Program service revenue
$0
Investment income
$337,275
Other revenue
$140,553
Total assets, end of year
$15,639,338
Total liabilities, end of year
$43
Net assets or fund balances, end of year
$15,639,295
Program services expenses (Part IX)
$563,649
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$563,649

Program services were 100.0% 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.

  • 3 · Investment income

    total $337,275 · excluded $337,275

  • 11a · Other revenue: OTHER INCOME

    total $140,553 · excluded $140,553

  • 11e · Other revenue, total

    $140,553

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $550,000 · program services $550,000

  • 11g · Fees: other

    total $13,649 · program services $13,649

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,496,571 · end of year $5,796,885

  • 2 · Savings and temporary cash investments

    beginning of year $3,000,000

  • 4 · Accounts receivable

    beginning of year $9,783,108 · end of year $9,812,453

  • 9 · Prepaid expenses and deferred charges

    beginning of year $30,000 · end of year $30,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $44 · end of year $43

  • 27 · Net assets without donor restrictions

    beginning of year $18,309,635 · end of year $15,639,295

Mission and programs · 2023

Mission

THE PCC FOUNDATION CONDUCTS FUNDRAISING ACTIVITIES FOR PCC COMMUNITY WELLNESS CENTER ("PCC"), A 501(C)(3) ORGANIZATION WHICH HAS A STRONG TRACK-RECORD OF SPEARHEADING IMPACTFUL HEALTHCARE INITIATIVES IN THE CHICAGO AREA AND INTENDS TO AWARD GRANTS TO PCC UPON REQUEST.

Activities or mission (Part I)

THE PCC FOUNDATION CONDUCTS FUNDRAISING ACTIVITIES FOR PCC COMMUNITY WELLNESS CENTER, A 501(C)(3) ORGANIZATION WHICH HAS A STRONG TRACK-RECORD OF SPEARHEADING IMPACTFUL HEALTH CARE INITIATIVES IN THE CHICAGO AREA, AND INTENDS TO AWARD GRANTS TO THE CENTER UPON REQUEST.

  • PCC FOUNDATION IS ORGANIZED AND OPERATED AT ALL TIMES EXCLUSIVELY FOR THE BENEFIT OF PCC COMMUNITY WELLNESS CENTER ("PCC"). PCC FOUNDATION WAS CREATED TO SEPARATE CERTAIN CONSIDERATIONS FROM PCC'S GENERAL OPERATIONS AS A FEDERALLY QUALIFIED HEALTH CENTER, INCLUDING: (1) ISOLATING CERTAIN REAL ESTATE ACTIVITIES AND LIABILITIES FROM PCC'S OVERALL CHARITABLE ACTIVITIES AND ASSETS, (2) SEPARATING CERTAIN FINANCING AND FUNDRAISING CONSIDERATIONS FROM PCC'S GENERAL OPERATIONS AS A FEDERALLY QUALIFIED HEALTH CENTER, AND (3) ALLOWING FOR MORE FINANCIAL AND FUNDRAISING TALENT TO PARTCIPATE IN PCC FUNDRAISING EFFORTS. PCC FOUNDATION ENGAGES IN FUNDRAISING EFFORTS TO SOLICIT CHARITABLE DONATIONS FOR PCC, MOST SIGNIFICANTLY THE COORDINATION OF AN ANNUAL GALA.

    Expenses $563,649 · Grants $550,000

As filed on the 2023 return.

Listed in Part VII

  • Ronald Austin Jr

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Kenneth Blair MD

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • John McDonnell

    SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Toni Bush

    PRESIDENT, UNTIL 11/30/2023

    Total calculated
    $309,178
    From this org
    $0
    From related orgs
    $295,805
    Other
    $13,373
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $295,805 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $13,373 related
    Filer's total
    $0 + $309,178 related

  • Patrick R Garrick

    DIRECTOR

    Total calculated
    $129,870
    From this org
    $0
    From related orgs
    $129,870
    Other
    $0
    Hours/week
    2 + 40 related

  • Marnie Robinson

    DIRECTOR

    Total calculated
    $108,761
    From this org
    $0
    From related orgs
    $99,081
    Other
    $9,680
    Hours/week
    2 + 40 related

  • Mariana Osoria

    DIRECTOR, UNTIL 12/20/2023

    Total calculated
    $0
    Hours/week
    2 + 2 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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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)

PART I, LINE 3
THE OFFICERS OF PCC FOUNDATION ARE COMPENSATED BY THE PCC COMMUNITY WELLNESS CENTER, A SOLE MEMBER OF PCC FOUNDATION. THEREFORE, PCC FOUNDATION FOLLOWS THE SAME COMPENSATION POLICY ESTABLISHED BY THE PCC COMMUNITY WELLNESS CENTER.

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
21 January 2025
IRS schema version
2023v6.0
Source object
202540349349302159

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