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Nonprofiteer
← HUDSON HOSPITAL FOUNDATION

Form 990 for tax year 2023

Filed by HUDSON HOSPITAL FOUNDATION.

Totals

Total revenue
$455,923
Total expenses
$722,888
Contributions and grants received
$188,245
Grants paid
$709,635
Program service revenue
$0
Investment income
$183,259
Other revenue
$84,419
Total assets, end of year
$6,551,913
Total liabilities, end of year
$614,573
Net assets or fund balances, end of year
$5,937,340
Program services expenses (Part IX)
$709,635
Management and general expenses
$13,253
Fundraising expenses
$0
Program service expenses (Part III)
$709,635

Program services were 98.2% 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

    $14,275

  • 1d · Related organizations

    $7,234

  • 1f · All other contributions, gifts and grants

    $166,736

  • 1g · Noncash contributions included above

    $17,394

  • 3 · Investment income

    total $183,259 · excluded $183,259

  • 8a · Fundraising events: gross income

    $116,716

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

    $14,275

  • 8b · Fundraising events: direct expenses

    $32,297

  • 8c · Net income from fundraising events

    total $84,419 · excluded $84,419

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $701,635 · program services $701,635

  • 2 · Grants to domestic individuals

    total $8,000 · program services $8,000

  • 11a · Fees: management

    total $13,253 · management and general $13,253

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,449,657 · end of year $1,624,638

  • 3 · Pledges and grants receivable

    beginning of year $24,699 · end of year $434,795

  • 11 · Investments: publicly traded securities

    beginning of year $4,055,355 · end of year $4,492,480

  • 17 · Accounts payable and accrued expenses

    beginning of year $163,363 · end of year $614,573

  • 27 · Net assets without donor restrictions

    beginning of year $4,079,680 · end of year $5,041,933

  • 28 · Net assets with donor restrictions

    beginning of year $1,286,668 · end of year $895,407

Mission and programs · 2023

Mission

TO SUPPORT, ACT FOR THE BENEFIT OF, AND CARRY OUT THE CHARITABLE PURPOSE OF HUDSON HOSPITAL, INC. BY SUPPORTING COMMUNITY HEALTH EDUCATION, PROVIDING HOME CARE ASSISTANCE, AND CONTRIBUTING TO OTHER HEALTH RELATED CHARITABLE ENDEAVORS.

Activities or mission (Part I)

TO SUPPORT AND CARRY OUT THE CHARITABLE PURPOSE OF HUDSON HOSPITAL, INC.

  • SEE SCHEDULE O - EXEMPT PURPOSE AND ACHIEVEMENTS FOR A DESCRIPTION OF PROGRAM SERVICE ACCOMPLISHMENTS

    Expenses $709,635 · Grants $709,635

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

Listed in Part VII

  • Isabella Bronson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Kimberly Best Payne

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Peter Goodwin

    DIRECTOR & VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Melissa Kolb

    DIRECTOR & SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Katie Kranz

    DIRECTOR & CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Randy Lafaive

    DIRECTOR & TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Martin E Richards MD

    DIRECTOR

    Total calculated
    $585,700
    From this org
    $0
    From related orgs
    $517,093
    Other
    $68,607
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $425,399 related
    Bonus
    $0 + $25,000 related
    Other
    $0 + $66,694 related
    Deferred
    $0 + $24,750 related
    Nontaxable benefits
    $0 + $43,857 related
    Filer's total
    $0 + $585,700 related

  • Tim Michaels

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Nicole Cherrier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Karen Evenson Jan-June

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Mike Switzer Jan-Apr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Douglas E Johnson

    CFO

    Total calculated
    $647,904
    From this org
    $0
    From related orgs
    $603,783
    Other
    $44,121
    Hours/week
    0.5 + 54.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $386,739 related
    Bonus
    $0 + $106,273 related
    Other
    $0 + $110,771 related
    Deferred
    $0 + $6,600 related
    Nontaxable benefits
    $0 + $37,521 related
    Filer's total
    $0 + $647,904 related

  • Thomas J Borowski

    DIRECTOR & PRESIDENT

    Total calculated
    $471,423
    From this org
    $0
    From related orgs
    $406,663
    Other
    $64,760
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $306,830 related
    Bonus
    $0 + $88,583 related
    Other
    $0 + $11,250 related
    Deferred
    $0 + $26,592 related
    Nontaxable benefits
    $0 + $38,168 related
    Filer's total
    $0 + $471,423 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

  • 6b · Pay contingent on a related organization's net earnings

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE FOUNDATION HAS NO EMPLOYEES AND DOES NOT PAY COMPENSATION. ALL OFFICER AND KEY EMPLOYEES ARE PAID BY GROUP HEALTH PLAN, INC., REGIONS HOSPITAL, OR LAKEVIEW MEMORIAL HOSPITAL ASSOCIATION, RELATED ORGANIZATIONS. ANY COMPENSATION IS DETERMINED SOLELY BY THE RELATED ORGANIZATIONS.
PART I, LINE 6
THE FOUNDATION OFFICERS AND DIRECTORS ARE EMPLOYED BY GROUP HEALTH PLAN, INC. (GHI), REGIONS HOSPITAL (REGIONS), OR LAKEVIEW MEMORIAL HOSPITAL ASSOCIATION (LAKEVIEW), ALL RELATED ORGANIZATIONS. COMPENSATION REPORTED IN FORM 990, PART VII INCLUDES ANY COMPENSATION DERIVED FROM HUDSON GHI, REGIONS OR LAKEVIEW'S LEADERSHIP INCENTIVE PROGRAMS WHICH INCENT AND REWARD BUSINESS LEADERS WHO HELP THE ORGANIZATION ACHIEVE STATED BUSINESS AND/OR HEALTH IMPROVEMENT GOALS FOR A SPECIFIC FISCAL YEAR. THE PROGAMS ARE A KEY ELEMENT OF THE PARTICIPANT'S TOTAL COMPENSATION PACKAGE. THE MANAGEMENT INCENTIVE PROGRAMS' REWARDS ARE BASED ON POSITION IN THE ORGANIZATION (E.G., SENIOR VICE PRESIDENT, VICE PRESIDENT, DIRECTOR MANAGER, OR OTHER SPECIFICALLY IDENTIFIED LEADERS) AND THE ACHIEVEMENT OF BUSINESS AND HEALTH IMPROVEMENT GOALS ESTABLISHED IN A VARIETY OF AREAS. GOALS WILL BE RELATED TO THE ORGANIZATION'S STRATEGIC PLAN AND WILL BE BALANCED. THESE AREAS MAY INCLUDE, BUT ARE NOT LIMITED TO, PATIENT SATISFACTION, EMPLOYEE SATISFACTION, WORK ENVIRONMENT, HEALTH EQUITY, HEALTHCARE AFFORDABILITY MEASURES, FINANCIAL PERFORMANCE (OPERATING INCOME), ETC AND WILL BE DEFINED ANNUALLY FOR EACH YEAR'S PROGRAM. AN OPERATING INCOME THRESHOLD MUST BE MET FOR ANY PAYMENT TO BE MADE FROM THE PROGRAM AND THERE IS A CAP ON THE MAXIMUM LEADERSHIP INCENTIVE POTENTIALLY AVAILABLE TO EACH PARTICIPANT.

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 corporations and trusts

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

  • HEALTHPARTNERS ADMINISTRATORS INC

    C · THIRD PARTY ADMINISTRATOR · MN

    Directly controlled by HEALTHPARTNERS INC

  • HEALTHPARTNERS ASSOCIATES INC

    C · MEDICAL CLINIC STAFFING AND ASSET MANAGEMENT · MN

    Directly controlled by HEALTHPARTNERS ADMINISTRATORS INC

  • HEALTHPARTNERS SERVICES INC

    C · MEDICAL CLINIC STAFFING AND ASSET MANAGEMENT · MN

    Directly controlled by HEALTHPARTNERS ADMINISTRATORS INC

  • HEALTHPARTNERS INSURANCE COMPANY

    C · MEDICAL AND DENTAL INSURANCE · MN

    Directly controlled by HEALTHPARTNERS ADMINISTRATORS INC

  • DENTAL SPECIALTIES INC

    C · PROFESSIONAL DENTAL SERVICES · MN

    Directly controlled by HEALTHPARTNERS ADMINISTRATORS INC

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202433189349305093

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