Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $213,870

• 1f · All other contributions, gifts and grants

  $4,386,558

• 3 · Investment income

  total $13,722 · excluded $13,722

• 8a · Fundraising events: gross income

  $79,076

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

  $213,870

• 8b · Fundraising events: direct expenses

  $79,076

• 8c · Net income from fundraising events

  total $0

Functional expenses

Part IX, the statement of functional expenses.

• 6 · Compensation of disqualified persons

  total $712,313 · fundraising $712,313

• 9 · Other employee benefits

  total $142,463 · fundraising $142,463

• 11g · Fees: other

  total $72,000 · fundraising $72,000

• 12 · Advertising and promotion

  total $10,898 · fundraising $10,898

• 13 · Office expenses

  total $8,332 · fundraising $8,332

• 24a · Other expenses: CONTRACTED SERVICES

  total $173,316 · fundraising $173,316

• 24b · Other expenses: FOOD & FUNCTION

  total $46,726 · fundraising $46,726

• 24c · Other expenses: MISCELLANEOUS

  total $23,941 · fundraising $23,941

• 24d · Other expenses: PRINTING

  total $6,818 · fundraising $6,818

• 24e · All other expenses

  total $1,140 · fundraising $1,140

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  end of year -$1

• 2 · Savings and temporary cash investments

  beginning of year $2,079,472 · end of year $4,426,902

• 3 · Pledges and grants receivable

  beginning of year $1,011,218 · end of year $963,548

• 12 · Investments: other securities

  beginning of year $3,845,907 · end of year $4,246,787

• 15 · Other assets

  beginning of year $3,403,175 · end of year $2,568,239

• 17 · Accounts payable and accrued expenses

  beginning of year $168,516 · end of year -$309,960

• 27 · Net assets without donor restrictions

  beginning of year -$220,470 · end of year $260,460

• 28 · Net assets with donor restrictions

  beginning of year $10,391,726 · end of year $12,254,975

The filer's explanations (Part III)

PART I, LINE 4B

CHRISTINE SCHUSTER AND KARL KUSSIN ARE EMPLOYEES OF EMERSON HOSPITAL AND ARE ELIGIBLE TO PARTICIPATE IN THE FOLLOWING NONQUALIFIED RETIREMENT PLAN. EMERSON HOSPITAL OFFERS A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN TO A SELECT CLASS OF MANAGEMENT. SUPPLEMENTAL RETIREMENT INCOME IS ASSESSED BY AN INDEPENDENT ACTUARY TO DETERMINE ANNUAL CONTRIBUTION AMOUNTS BY EMERSON HOSPITAL. PLAN CONTRIBUTIONS BECOME INCOME TO THE PARTICIPANT BASED ON A CLIFF VESTING SCHEDULE, WHICH IS EVERY FIVE YEARS FROM THE DATE OF PLAN ENROLLMENT. THE FOLLOWING PERSONS PARTICIPATED IN A 457(F) SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. CHRISTINE SCHUSTER $224,140

PART I, LINE 6

EMERSON HOSPITAL EXECUTIVES ARE ELIGIBLE TO RECEIVE INCENTIVE COMPENSATION IN THE AMOUNT OF 5% OF BASE SALARY IF THE ORGANIZATION ACHIEVES THE BOARD APPROVED BUDGETED GAIN FROM OPERATIONS FOR THE FISCAL YEAR.

Related corporations and trusts

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

• EMERSON OCCUPATIONAL HEALTH SERVICES INC

  C · HEALTH SERVICES · MA · share of income -$10,370

  Directly controlled by EMERSON HEALTH SYSTEMS INC

• EMERSON PROPERTY DEVELOPMENT CORP

  C · PROPERTY MANAGEMENT · MA · share of income $21,176 · share of assets $83,734

  Directly controlled by EMERSON HEALTH SYSTEMS INC