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← CDPHP FOUNDATION INC

Form 990 for tax year 2023

Filed by CDPHP FOUNDATION INC.

Totals

Total revenue
$546,723
Total expenses
$376,688
Contributions and grants received
$526,511
Grants paid
$313,171
Program service revenue
$0
Investment income
$20,442
Other revenue
-$230
Total assets, end of year
$1,256,552
Total liabilities, end of year
$246,921
Net assets or fund balances, end of year
$1,009,631
Program services expenses (Part IX)
$346,322
Management and general expenses
$28,546
Fundraising expenses
$1,820
Program service expenses (Part III)
$346,322

Program services were 91.9% 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.

  • 1c · Fundraising events

    $80,997

  • 1d · Related organizations

    $301,517

  • 1f · All other contributions, gifts and grants

    $143,997

  • 1g · Noncash contributions included above

    $54,717

  • 3 · Investment income

    total $20,442 · related or exempt $20,442

  • 8a · Fundraising events: gross income

    $42,010

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

    $80,997

  • 8b · Fundraising events: direct expenses

    $42,240

  • 8c · Net income from fundraising events

    total -$230 · excluded -$230

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $313,171 · program services $313,171

  • 7 · Other salaries and wages

    total $25,709 · program services $25,709

  • 10 · Payroll taxes

    total $7,442 · program services $7,442

  • 12 · Advertising and promotion

    total $1,820 · fundraising $1,820

  • 13 · Office expenses

    total $154 · management and general $154

  • 14 · Information technology

    total $5,167 · management and general $5,167

  • 24a · Other expenses: CONSULTING

    total $23,100 · management and general $23,100

  • 24b · Other expenses: STATE FILING FEES

    total $125 · management and general $125

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $803,724 · end of year $997,798

  • 15 · Other assets

    beginning of year $58,862 · end of year $258,754

  • 17 · Accounts payable and accrued expenses

    beginning of year $22,990 · end of year $24,100

  • 18 · Grants payable

    end of year $222,821

  • 27 · Net assets without donor restrictions

    beginning of year $839,596 · end of year $1,009,631

Mission and programs · 2023

Mission

THE FOUNDATION WAS ORGANIZED FOR THE PURPOSE OF IMPROVING HEALTH AND WELL-BEING OF THE COMMUNITY THROUGH AWARENESS, PREVENTION, WELLNESS, EDUCATION AND OTHER PROGRAMS FOCUSED ON HEALTH PRIORITIES.

  • THE CDPHP FOUNDATION CONTRIBUTED $17,250 AND PLEDGED $222,821 IN 2023 TO PAY OVER 7 YEARS TO THE UNIVERSITY AT ALBANY FOUNDATION SCHOLARSHIP - SCHOOL OF PUBLIC HEALTH.

    Expenses $240,071 · Grants $240,071

  • THE CDPHP FOUNDATION CONTRIBUTED $62,500 IN 2023 TO THE CAPITAL REGION CHAMBER FOUNDATION.

    Expenses $62,500 · Grants $62,500

  • THE CDPHP FOUNDATION CONTRIBUTED $10,000 TO THE ALBANY MEDICAL CENTER JOHN CARTER SCHOLARSHIP.

    Expenses $10,000 · Grants $10,000

  • PRIDE CENTER OF THE CAPITAL REGION - $600ADDITIONALLY THERE WAS $33,151 IN SALARIES/FRINGE EXPENSES.

    Expenses $33,751 · Grants $600

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

Listed in Part VII

  • John D Bennett MD

    CHAIRMAN OF THE BOARD

    Total calculated
    $1,427,660
    From this org
    $0
    From related orgs
    $1,395,017
    Other
    $32,643
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $938,626 related
    Bonus
    $0 + $415,971 related
    Other
    $0 + $40,420 related
    Deferred
    $0 + $11,550 related
    Nontaxable benefits
    $0 + $21,093 related
    Filer's total
    $0 + $1,427,660 related

  • Robert Hinckley

    DIRECTOR

    Total calculated
    $404,109
    From this org
    $0
    From related orgs
    $403,084
    Other
    $1,025
    Hours/week
    0.5

    Schedule J breakdown matched by us

    Base
    $0 + -$1,025 related
    Bonus
    $0
    Other
    $0 + $404,109 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $1,025 related
    Filer's total
    $0 + $404,109 related

  • Gerald D Jennings

    DIRECTOR

    Total calculated
    $69,652
    From this org
    $0
    From related orgs
    $69,652
    Other
    $0
    Hours/week
    0.5 + 11 related

  • Lee McElroy PhD

    DIRECTOR

    Total calculated
    $44,802
    From this org
    $0
    From related orgs
    $44,802
    Other
    $0
    Hours/week
    0.5 + 5.4 related

  • Kathryn Leyden

    DIRECTOR

    Total calculated
    $290,062
    From this org
    $0
    From related orgs
    $262,494
    Other
    $27,568
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $170,844 related
    Bonus
    $0 + $69,525 related
    Other
    $0 + $22,125 related
    Deferred
    $0 + $9,302 related
    Nontaxable benefits
    $0 + $18,266 related
    Filer's total
    $0 + $290,062 related

  • Victoria Hostig

    FORMER EXECUTIVE DIRECTOR

    Total calculated
    $140,376
    From this org
    $0
    From related orgs
    $123,693
    Other
    $16,683
    Hours/week
    10 + 30 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

  • 2 · Substantiation required before reimbursing expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
EXPLANATION: CDPHP FOUNDATION INC. DOES NOT HAVE DIRECT PAYROLL EXPENSES. EMPLOYEES OF CAPITAL DISTRICT PHYSICIANS' HEALTH PLAN, INC. (CDPHP) WHO WORK ON FOUNDATION ACTIVITIES HAVE A PORTION OF THEIR TIME ALLOCATED TO THE FOUNDATION. CDPHP HAS A MANAGEMENT INCENTIVE PROGRAM THAT IS BASED UPON THREE CRITERIA: ATTAINMENT OF PERSONAL AND COMPANY GOALS, ACHEIVEMENT OF QUALITY AND SERVICE TARGETS, AND ACHEIVEMENT OF ENROLLMENT TARGETS. THE BOARD ANNUALLY APPROVES THE METRICS TO BE USED TO ASSESS EACH CRITERION. THE MANAGEMENT INCENTIVE IS PAYABLE ONLY IF DETERMINED TO BE AFFORDABLE BY THE BOARD. IN ADDITION, THE BOARD HAS FINAL DISCRETION AT THE CLOSE OF THE YEAR TO MAKE THE INCENTIVE PAYMENT.

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
24 September 2024
IRS schema version
2023v5.1
Source object
202413109349301301

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