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← CDPHP FOUNDATION INC

Form 990 for tax year 2024

Filed by CDPHP FOUNDATION INC.

Totals

Total revenue
$201,213
Total expenses
$246,422
Contributions and grants received
$162,618
Grants paid
$82,447
Program service revenue
$0
Investment income
$41,501
Other revenue
-$2,906
Total assets, end of year
$1,188,186
Total liabilities, end of year
$223,764
Net assets or fund balances, end of year
$964,422
Program services expenses (Part IX)
$153,415
Management and general expenses
$91,525
Fundraising expenses
$1,482
Program service expenses (Part III)
$153,415

Program services were 62.3% 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

    $36,662

  • 1d · Related organizations

    $29,715

  • 1f · All other contributions, gifts and grants

    $96,241

  • 1g · Noncash contributions included above

    $27,344

  • 3 · Investment income

    total $41,501 · related or exempt $41,501

  • 8a · Fundraising events: gross income

    $19,140

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

    $36,662

  • 8b · Fundraising events: direct expenses

    $22,046

  • 8c · Net income from fundraising events

    total -$2,906 · excluded -$2,906

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $82,447 · program services $82,447

  • 7 · Other salaries and wages

    total $112,788 · program services $56,394 · management and general $56,394

  • 10 · Payroll taxes

    total $29,147 · program services $14,574 · management and general $14,573

  • 11c · Fees: accounting

    total $15,300 · management and general $15,300

  • 12 · Advertising and promotion

    total $1,482 · fundraising $1,482

  • 13 · Office expenses

    total $313 · management and general $313

  • 14 · Information technology

    total $4,670 · management and general $4,670

  • 24a · Other expenses: STATE FILING FEES

    total $275 · management and general $275

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $997,798 · end of year $1,186,346

  • 8 · Inventories for sale or use

    end of year $1,840

  • 15 · Other assets

    beginning of year $258,754 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $24,100 · end of year $28,753

  • 18 · Grants payable

    beginning of year $222,821 · end of year $194,475

  • 25 · Other liabilities

    beginning of year $0 · end of year $536

  • 27 · Net assets without donor restrictions

    beginning of year $1,009,631 · end of year $964,422

Mission and programs · 2024

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 $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

  • UNIVERSITY AT ALBANY IMPUTED INTEREST - $7,197MOHAWK HUDSON HUMANE SOCIETY - $2,500IN OUR OWN VOICES - $250ADDITIONALLY THERE WAS $70,968 IN SALARIES/FRINGE EXPENSES.

    Expenses $80,915 · Grants $9,947

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JOHN D BENNETT MD

    FORMER CHAIRMAN OF THE BOARD

    Total calculated
    $1,506,978
    From this org
    $0
    From related orgs
    $1,478,272
    Other
    $28,706
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $505,924 related
    Bonus
    $0 + $479,606 related
    Other
    $0 + $492,742 related
    Deferred
    $0 + $6,345 related
    Nontaxable benefits
    $0 + $22,361 related
    Filer's total
    $0 + $1,506,978 related

  • ROBERT HINCKLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • GERALD D JENNINGS

    VICE-CHAIR OF THE BOARD

    Total calculated
    $73,800
    From this org
    $0
    From related orgs
    $73,800
    Other
    $0
    Hours/week
    0.5 + 12.2 related

  • LEE MCELROY PHD

    DIRECTOR

    Total calculated
    $53,400
    From this org
    $0
    From related orgs
    $53,400
    Other
    $0
    Hours/week
    0.5 + 5.9 related

  • KATHRYN LEYDEN

    SECRETARY

    Total calculated
    $327,161
    From this org
    $0
    From related orgs
    $280,201
    Other
    $46,960
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $196,549 related
    Bonus
    $0 + $72,652 related
    Other
    $0 + $11,000 related
    Deferred
    $0 + $23,986 related
    Nontaxable benefits
    $0 + $22,974 related
    Filer's total
    $0 + $327,161 related

  • BRIAN O'GRADY

    CHAIRMAN OF THE BOARD

    Total calculated
    $1,030,502
    From this org
    $0
    From related orgs
    $988,118
    Other
    $42,384
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $773,749 related
    Bonus
    $0 + $180,070 related
    Other
    $0 + $34,299 related
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $28,584 related
    Filer's total
    $0 + $1,030,502 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. THE BOARD HAS FINAL DISCRETION TO MAKE THE INCENTIVE PAYMENT.
PART 1, LINE 4A
JOHN D. BENNETT, MD, FORMER CHARIMAN, RECEIVED A SEVERANCE PAYMENT TOTALING $529,412 DURING 2024.
PART 1, LINE 4B
THE EXECUTIVE VICE PRESIDENTS OF CDPHP ARE ELIGIBLE FOR A NON-QUALIFIED DEFERRED COMPENSATION PLAN CONTRIBUTION. NO PAYMENT WAS MADE TO THIS PLAN IN 2024.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2024
Filed
6 November 2025
IRS schema version
2024v5.2
Source object
202533169349306478

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