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Nonprofiteer
← CHAPTERS HEALTH FOUNDATION INC

Form 990 for tax year 2022

Filed by CHAPTERS HEALTH FOUNDATION INC.

Totals

Total revenue
$5,385,688
Total expenses
$5,400,064
Contributions and grants received
$4,710,573
Grants paid
$2,194,456
Program service revenue
$0
Investment income
$137,913
Other revenue
$537,202
Total assets, end of year
$14,327,040
Total liabilities, end of year
$3,644,809
Net assets or fund balances, end of year
$10,682,231
Program services expenses (Part IX)
$5,127,723
Management and general expenses
$272,341
Fundraising expenses
$0
Program service expenses (Part III)
$5,127,723

Program services were 95.0% 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.

  • 1a · Federated campaigns

    $156,012

  • 1c · Fundraising events

    $804,158

  • 1f · All other contributions, gifts and grants

    $3,750,403

  • 1g · Noncash contributions included above

    $155,610

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $236,744 · excluded $236,744

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $2,675,533

  • 7b · Less cost or other basis and sales expenses

    securities $2,774,364

  • 7c · Gain or loss

    securities -$98,831 · other assets $0

  • 7d · Net gain or loss

    total -$98,831 · excluded -$98,831

  • 8a · Fundraising events: gross income

    $234,510

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

    $804,158

  • 8b · Fundraising events: direct expenses

    $284,647

  • 8c · Net income from fundraising events

    total -$50,137 · excluded -$50,137

  • 10a · Gross sales of inventory

    $2,720,380

  • 10b · Cost of goods sold

    $2,133,041

  • 10c · Net income from sales of inventory

    total $587,339 · excluded $587,339

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,194,456 · program services $2,194,456

  • 5 · Compensation of officers, directors and key employees

    total $282,351 · program services $282,351

  • 7 · Other salaries and wages

    total $1,344,944 · program services $1,239,817 · management and general $105,127

  • 9 · Other employee benefits

    total $267,683 · program services $250,843 · management and general $16,840

  • 10 · Payroll taxes

    total $119,417 · program services $112,508 · management and general $6,909

  • 11b · Fees: legal

    total $7,529 · management and general $7,529

  • 11c · Fees: accounting

    total $11,813 · management and general $11,813

  • 11f · Fees: investment management

    total $14,192 · management and general $14,192

  • 11g · Fees: other

    total $296,991 · program services $284,163 · management and general $12,828 · fundraising $0

  • 12 · Advertising and promotion

    total $43,348 · program services $41,565 · management and general $1,783

  • 13 · Office expenses

    total $218,359 · program services $199,191 · management and general $19,168

  • 14 · Information technology

    total $44,913 · program services $757 · management and general $44,156

  • 16 · Occupancy

    total $91,888 · program services $85,969 · management and general $5,919

  • 17 · Travel

    total $44,784 · program services $43,769 · management and general $1,015

  • 19 · Conferences, conventions and meetings

    total $13,128 · program services $12,459 · management and general $669

  • 20 · Interest

    total $966 · management and general $966

  • 22 · Depreciation, depletion and amortization

    total $14,413 · management and general $14,413

  • 24a · Other expenses: Dues & Memberships

    total $62,115 · program services $62,115

  • 24b · Other expenses: Cultivation

    total $263,155 · program services $263,155

  • 24e · All other expenses

    total $63,619 · program services $54,605 · management and general $9,014 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $898,860 · end of year $436,577

  • 2 · Savings and temporary cash investments

    beginning of year $4,712,797 · end of year $3,866,548

  • 3 · Pledges and grants receivable

    beginning of year $1,467,377 · end of year $1,597,185

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $168,381 · end of year $156,102

  • 10a · Land, buildings and equipment: cost or other basis

    $438,440

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $438,440 · end of year $438,440

  • 11 · Investments: publicly traded securities

    beginning of year $6,988,738 · end of year $5,820,696

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $28,516 · end of year $2,011,492

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,785,135 · end of year $784,202

  • 19 · Deferred revenue

    beginning of year $12,713 · end of year $7,073

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $941,921 · end of year $2,853,534

  • 27 · Net assets without donor restrictions

    beginning of year $3,519,508 · end of year $3,247,395

  • 28 · Net assets with donor restrictions

    beginning of year $8,443,832 · end of year $7,434,836

Mission and programs · 2022

Mission

The mission of the Chapters Health Foundation is to provide the critical resources both financial and in-kind to encourage and promote the delivery of exceptional, post-acute care to those in need irrespective of personal capacity.

Activities or mission (Part I)

The Foundation provides the critical resources both financial and in-kind to encourage and promote the delivery of exceptional, post-acute care to those in need irrespective of personal capacity.

  • Chapters Health Foundation Inc. is a not for profit organization that was formed to provide financial support to LifePath Hospice, Inc., (LPH) Hernando-Pasco Hospice, Inc. (HPH) Good Shepherd Hospice, Inc. (GSH) and Hospice of Okeechobee (HOK). THE ORGANIZATION ACCEPTS DONATIONS FROM THE PUBLIC. THE NET PROCEEDS OF THESE VARIOUS ACTIVITIES FLOW TO LPH, HPH, GSH, HOK TO SUPPORT ITS END-OF-LIFE HOSPICE SERVICES.

    Expenses $5,127,723 · Grants $2,194,456

As filed on the 2022 return.

Listed in Part VII

  • Andrew Molosky

    PRESIDENT/CEO/CHAIR

    Total calculated
    $2,237,403
    From this org
    $0
    From related orgs
    $1,502,847
    Other
    $734,556
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $717,850 related
    Bonus
    $0 + $250,132 related
    Other
    $0 + $534,866 related
    Deferred
    $0 + $688,375 related
    Nontaxable benefits
    $0 + $46,181 related
    Filer's total
    $0 + $2,237,403 related

  • David J O'Neil

    Enterprise Chief Financial Officer

    Total calculated
    $1,056,101
    From this org
    $0
    From related orgs
    $779,111
    Other
    $276,990
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $480,786 related
    Bonus
    $0 + $72,000 related
    Other
    $0 + $226,325 related
    Deferred
    $0 + $228,558 related
    Nontaxable benefits
    $0 + $48,432 related
    Filer's total
    $0 + $1,056,101 related

  • Donna Taylor

    Treasurer

    Total calculated
    $0
    Hours/week
    1.5

  • Liz Antaya

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1.5

  • Patricia Melech

    SECRETARY

    Total calculated
    $0
    Hours/week
    1.5

  • Sharon P Saucier

    Chief Clinical & Compliance Officer (through 5/2022)

    Total calculated
    $408,125
    From this org
    $0
    From related orgs
    $392,148
    Other
    $15,977
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $62,258 related
    Bonus
    $0
    Other
    $0 + $329,889 related
    Deferred
    $0 + $2,039 related
    Nontaxable benefits
    $0 + $13,938 related
    Filer's total
    $0 + $408,124 related

  • Todd Webb

    CHIEF FINANCIAL OFFICER (starting 4/2022)

    Total calculated
    $565,141
    From this org
    $0
    From related orgs
    $452,733
    Other
    $112,408
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $330,606 related
    Bonus
    $0 + $115,692 related
    Other
    $0 + $6,435 related
    Deferred
    $0 + $68,253 related
    Nontaxable benefits
    $0 + $44,154 related
    Filer's total
    $0 + $565,141 related

  • Ed Spinks

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Jason Penrod

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Peggy Rodebush

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5 + 2 related

  • Randall Woodruff

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5 + 6 related

  • Tim Guidry

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Adam Stanfield

    Vice President, Development & Executive Director Foundation

    Total calculated
    $282,351
    From this org
    $253,254
    From related orgs
    $0
    Other
    $29,097
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,304
    Bonus
    $34,070
    Other
    $18,880
    Deferred
    $27,428
    Nontaxable benefits
    $1,668
    Filer's total
    $282,351

  • Elizabeth Anderson

    Director, Philanthropy

    Total calculated
    $145,321
    From this org
    $127,469
    From related orgs
    $0
    Other
    $17,852
    Hours/week
    40

  • Nena Powers

    Director, Annual Giving

    Total calculated
    $130,419
    From this org
    $111,996
    From related orgs
    $0
    Other
    $18,423
    Hours/week
    40

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

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

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

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
THE PRESIDENT & CEO IS PAID BY CHAPTERS HEALTH SYSTEM, INC. (A RELATED ORGANIZATION). CHAPTERS HEALTH SYSTEM USES A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY, FORMS 990 OF OTHER ORGANIZATIONS, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO DETERMINE HIS COMPENSATION. Chapters Health Foundation, Inc. RELIES ON CHAPTERS HEALTH SYSTEM TO ENSURE COMPENSATION IS REASONABLE.
Schedule J, Part I, Line 4a Severance or change-of-control payment
DURING THE YEAR, CHS PAID SEVERANCE TO: SHARON SAUCIER $183,185
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
CHS (A RELATED ORGANIZATION) HAS A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) IN WHICH SOME OF THE INTERESTED PERSONS PARTICIPATE. DURING THE YEAR, THE FOLLOWING PAYMENTS WERE MADE BY CHS INTO THE SERP PLANS OF THE PARTICIPANTS: A.Molosky $315,306 D.O'Neil $106,294 A.Stanfield $16,406

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.

  • Allcare Medical of Florida LLC

    N/A · Medical Services · FL

    Directly controlled by NA

  • Assurity DCE

    N/A · Medical Services · FL

    Directly controlled by NA

Related corporations and trusts

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

  • Chapters CareNu Inc

    C Corporation · POPULATION HEALTH · FL

    Directly controlled by NA

  • SECUR INC

    C Corporation · POPULATION HEALTH · FL

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2022
Filed
19 October 2023
IRS schema version
2022v5.0
Source object
202312929349300631

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