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Nonprofiteer
← CORNERSTONE FH CHARITABLE FOUNDATION

Form 990 for tax year 2022

Filed by CORNERSTONE FH CHARITABLE FOUNDATION.

Totals

Total revenue
$314,465
Total expenses
$93,988
Contributions and grants received
$241,489
Grants paid
$0
Program service revenue
$0
Investment income
$134,566
Other revenue
-$61,590
Total assets, end of year
$14,211,422
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$14,211,422
Program services expenses (Part IX)
$53,181
Management and general expenses
$40,807
Fundraising expenses
$0
Program service expenses (Part III)
$53,181

Program services were 56.6% 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.

  • 1c · Fundraising events

    $211,468

  • 1f · All other contributions, gifts and grants

    $30,021

  • 3 · Investment income

    total $169,173 · excluded $169,173

  • 7a · Gross sales of assets other than inventory

    securities $1,031,569

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

    securities $1,066,176

  • 7c · Gain or loss

    securities -$34,607

  • 7d · Net gain or loss

    total -$34,607 · excluded -$34,607

  • 8a · Fundraising events: gross income

    $73,950

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

    $211,468

  • 8b · Fundraising events: direct expenses

    $135,540

  • 8c · Net income from fundraising events

    total -$61,590 · excluded -$61,590

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $64,855 · program services $53,181 · management and general $11,674

  • 11d · Fees: lobbying

    total $24,000 · management and general $24,000

  • 12 · Advertising and promotion

    total $2,858 · management and general $2,858

  • 13 · Office expenses

    total $2,275 · management and general $2,275

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $11,391,092 · end of year $2,890

  • 11 · Investments: publicly traded securities

    beginning of year $2,925,011 · end of year $13,644,857

  • 15 · Other assets

    beginning of year $450,954 · end of year $563,675

  • 27 · Net assets without donor restrictions

    beginning of year $14,767,057 · end of year $14,211,422

Mission and programs · 2022

Mission

TO SUPPORT CORNERSTONE FAMILY HEALTHCARE'S MISSION AS A FREESTANDING DIAGNOSTIC AND TREATMENT CORPORATION LICENSED UNDER ARTICLE 28 OF THE NEW YORK STATE HEALTH LAW WHICH PROVIDES A BROAD RANGE OF HEALTH SERVICES TO A LARGELY UNDERSERVED POPULATION.

Activities or mission (Part I)

THE CORNERSTONE FAMILY HEALTHCARE CHARITABLE FOUNDATION, A SEPARATE 501(C)(3), RAISES FUNDS, BUILDS RELATIONSHIPS AND INCREASES AWARENESS IN SUPPORT OF CORNERSTONE FAMILY HEALTHCARE'S MISSION TO PROVIDE HIGH QUALITY, COMPREHENSIVE PRIMARY AND PREVENTATIVE CARE TO ALL PEOPLE WITH AN EMPHASIS ON THE UNDERSERVED IN OUR COMMUNITIES.

  • TO SUPPORT CORNERSTONE FAMILY HEALTHCARE'S MISSION TO PROVIDE A WIDE RANGE OF HEALTH SERVICES TO A LARGELY MEDICALLY UNDERSERVED POPULATION.

    Expenses $53,181

As filed on the 2022 return.

Listed in Part VII

  • Amy Ansehl

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Aretha Thompson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Bill Fioravanti

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Cheryl Ross

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Dominic Cordisco

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lauren Naru

    BOARD MEMBER

    Total calculated
    $116,753
    From this org
    $0
    From related orgs
    $103,861
    Other
    $12,892
    Hours/week
    18 + 17 related

  • Linda S Muller

    OUTGOING PRESIDENT&CEO/BOARD CHAIR

    Total calculated
    $515,605
    From this org
    $0
    From related orgs
    $485,725
    Other
    $29,880
    Hours/week
    1 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $480,781 related
    Bonus
    $0
    Other
    $0 + $4,944 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $29,880 related
    Filer's total
    $0 + $515,605 related

  • Lisa Sommers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael Limperopulos

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Paul Ernenwein

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Rev Nelson McAllister

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Saqib Altaf

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Wayne Day

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Patrick Murphy

    OUTGOING CFO

    Total calculated
    $235,729
    From this org
    $0
    From related orgs
    $213,434
    Other
    $22,295
    Hours/week
    1 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $212,246 related
    Bonus
    $0
    Other
    $0 + $1,188 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $22,295 related
    Filer's total
    $0 + $235,729 related

  • Amy Bolognese

    VP OF FINANCE

    Total calculated
    $99,066
    From this org
    $0
    From related orgs
    $99,066
    Other
    $0
    Hours/week
    1 + 36 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)

PART I, LINE 4B
CERTAIN MANAGEMENT OFFICIALS LISTED ON SCHEDULE J, PART II, PARTICIPATE IN A 457(F) SUPPLEMENTAL RETIREMENT PLAN: - LINDA MULLER - PATRICK MURPHY

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.

Provenance

Return type
form_990
Tax year
2022
Filed
12 November 2023
IRS schema version
2022v5.0
Source object
202343179349307439

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