Skip to content
Nonprofiteer
← COMMONWEALTH LONG TERM CARE FOUNDATION INC

Form 990 for tax year 2024

Filed by COMMONWEALTH LONG TERM CARE FOUNDATION INC.

Totals

Total revenue
$53,394
Total expenses
$43,291
Contributions and grants received
$550
Grants paid
$40,000
Program service revenue
$0
Investment income
$9,117
Other revenue
$43,727
Total assets, end of year
$335,862
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$335,862
Program services expenses (Part IX)
$40,761
Management and general expenses
$2,530
Fundraising expenses
$0
Program service expenses (Part III)
$40,761

Program services were 94.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • J KEITH HARE

    PRESIDENT

    Total calculated
    $425,922
    From this org
    $0
    From related orgs
    $400,768
    Other
    $25,154
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $324,756 related
    Bonus
    $0 + $65,000 related
    Other
    $0 + $11,012 related
    Deferred
    $0 + $22,750 related
    Nontaxable benefits
    $0 + $2,404 related
    Filer's total
    $0 + $425,922 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

None.

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
  • 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 3
COMPENSATION FOR THE PRESIDENT IS DETERMINED BY A RELATED ENTITY (VIRGINIA HEALTH CARE ASSOCIATION, INC.) THROUGH THE FOLLOWING METHODS: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, AND APPROVAL BY THE BOARD/COMPENSATION COMMITTEE.

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
2024
Filed
4 May 2025
IRS schema version
2024v5.1
Source object
202511359349303571

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.