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Nonprofiteer
← CANDLER FOUNDATION INC

Form 990 for tax year 2022

Filed by CANDLER FOUNDATION INC.

Totals

Total revenue
$1,731,449
Total expenses
$1,771,740
Contributions and grants received
$1,330,751
Grants paid
$1,370,482
Program service revenue
$0
Investment income
$255,704
Other revenue
$144,994
Total assets, end of year
$11,665,672
Total liabilities, end of year
$154,813
Net assets or fund balances, end of year
$11,510,859
Program services expenses (Part IX)
$1,698,867
Management and general expenses
$66,770
Fundraising expenses
$6,103
Program service expenses (Part III)
$1,698,867

Program services were 95.9% 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

    $68,900

  • 1d · Related organizations

    $138,881

  • 1e · Government grants (contributions)

    $12,500

  • 1f · All other contributions, gifts and grants

    $1,110,470

  • 3 · Investment income

    total $310,830 · excluded $310,830

  • 7a · Gross sales of assets other than inventory

    securities $2,333,374

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

    securities $2,388,500

  • 7c · Gain or loss

    securities -$55,126

  • 7d · Net gain or loss

    total -$55,126 · excluded -$55,126

  • 8a · Fundraising events: gross income

    $251,540

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

    $68,900

  • 8b · Fundraising events: direct expenses

    $106,546

  • 8c · Net income from fundraising events

    total $144,994 · excluded $144,994

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,357,947 · program services $1,357,947

  • 2 · Grants to domestic individuals

    total $12,535 · program services $12,535

  • 5 · Compensation of officers, directors and key employees

    total $165,702 · program services $98,932 · management and general $66,770

  • 7 · Other salaries and wages

    total $99,386 · program services $99,386

  • 8 · Pension plan contributions

    total $5,241 · program services $5,241

  • 9 · Other employee benefits

    total $12,365 · program services $12,365

  • 10 · Payroll taxes

    total $18,081 · program services $18,081

  • 11f · Fees: investment management

    total $71,454 · program services $71,454

  • 11g · Fees: other

    total $3,141 · program services $3,141

  • 13 · Office expenses

    total $14,771 · program services $14,771

  • 14 · Information technology

    total $13,011 · program services $13,011

  • 19 · Conferences, conventions and meetings

    total $2,274 · program services $2,274

  • 24a · Other expenses: OTHER FUNDRAISING COSTS

    total $6,103 · fundraising $6,103

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $2,072 · program services $2,072

  • 24c · Other expenses: OTHER EXPENSES

    total $421 · program services $421

  • 24d · Other expenses: BAD DEBT RECOVERY

    total -$12,764 · program services -$12,764

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $16,623 · end of year $567,494

  • 3 · Pledges and grants receivable

    beginning of year $222,724 · end of year $121,474

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,152 · end of year $1,050

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

    $53,836

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

    $53,836

  • 11 · Investments: publicly traded securities

    beginning of year $10,136,818 · end of year $10,962,003

  • 15 · Other assets

    beginning of year $560,802 · end of year $13,651

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,519 · end of year $11,819

  • 25 · Other liabilities

    end of year $142,994

  • 27 · Net assets without donor restrictions

    beginning of year $2,227,132 · end of year $2,748,370

  • 28 · Net assets with donor restrictions

    beginning of year $8,702,468 · end of year $8,762,489

Mission and programs · 2022

Mission

CANDLER FOUNDATION, INC. OPERATES EXCLUSIVELY FOR THE BENEFIT AND SUPPORT OF CANDLER HOSPITAL, INC. AND THE OTHER TAX-EXEMPT ENTITIES OF ST. JOSEPH'S/CANDLER HEALTH SYSTEM, INC. PURSUANT TO IRS SEC. 501(C)(3).

  • CANDLER FOUNDATION, INC. PRIMARILY SUPPORTS CANDLER HOSPITAL, INC., A 307- BED, ACUTE CARE HOSPITAL IN SAVANNAH, GEORGIA, WHICH SERVICES A METROPOLITAN POPULATION BASE OF APPROXIMATELY 379,000 AND THE SURROUNDING COUNTIES. FOR THE FISCAL YEAR 2023, CANDLER FOUNDATION RAISED FUNDS TOTALING 1,582,290 AND PROVIDED GRANTS OF 1,226,491 TO FURTHER THE TAX- EXEMPT PURPOSE OF CANDLER HOSPITAL AND 73,148 TO THE RELATED TAX-EXEMPT ENTITIES OF ST. JOSEPH'S/CANDLER HEALTH SYSTEM, INC. CANDLER HOSPITAL FURTHERS ITS EXEMPT PURPOSE BY PROMOTING HEALTH IN THE COMMUNITY BY PROVIDING MEDICAL EDUCATION TO PATIENTS IN THE COMMUNITY, CONDUCTING RESEARCH, AND IMPLEMENTING TECHNOLOGY THAT NOT ONLY PROVIDES THE LATEST IN TREATMENT, BUT ALLOWS PATIENTS TO RECEIVE HIGH QUALITY OF CARE IN THEIR OWN COMMUNITY AND ALLOWS THE HOSPITAL TO CONTINUALLY IMPROVE PATIENT SAFETY BY IMPLEMENTING TECHNOLOGY THAT PREVENTS MEDICATION ERRORS, ETC.

    Expenses $1,698,867 · Grants $1,370,482

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • PAUL P HINCHEY

    CEO

    Total calculated
    $1,125,347
    From this org
    $0
    From related orgs
    $1,097,158
    Other
    $28,189
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    not reported + $1,078,551 related
    Bonus
    not reported
    Other
    not reported + $18,607 related
    Deferred
    not reported + $9,150 related
    Nontaxable benefits
    not reported + $19,039 related
    Filer's total
    not reported + $1,125,347 related

  • FRANCES V RACKETT

    EXECUTIVE DI

    Total calculated
    $197,864
    From this org
    $91,532
    From related orgs
    $91,532
    Other
    $14,800
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $91,532 + $91,532 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    $1,660 + $1,660 related
    Nontaxable benefits
    $5,740 + $5,740 related
    Filer's total
    $98,932 + $98,932 related

  • DIANA BARROW

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KATHIE HARLANDER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • MICHAEL CURRAN JR

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • ROBERT E JONES MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ELIZABETH L MACFAYDEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ELAINE MARTIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • JEFFREY MINGLEDORFF

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • L BUD MINGLEDORFF

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CINDY MURPHY

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MICHAEL W STEPHENS

    VICE CHAIRMA

    Total calculated
    $0
    Hours/week
    1 + 5 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)

SCHEDULE J, PART III
PART I, LINE 4(B) - SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) THE SYSTEM MAINTAINS AN UNFUNDED SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP), WHICH PROVIDES RETIREMENT BENEFITS TO CERTAIN OFFICERS AND SELECT EMPLOYEES. THIS PLAN IS NON-QUALIFIED AND DOES NOT HAVE A MINIMUM FUNDING REQUIREMENT. PART II, BONUS AWARD BONUS COMPENSATION IS AWARDED BASED ON REACHING MULTIPLE ORGANIZATIONAL AND INDIVIDUAL GOALS, ALL OF WHICH ARE EXPRESSLY CONTINGENT UPON ACHIEVING A TARGETED OPERATING BUDGET. THE CEO MAKES A BONUS RECOMMENDATION TO THE BOARD'S COMPENSATION COMMITTEE WHILE THE COMMITTEE MAKES A BONUS RECOMMENDATION TO THE BOARD FOR THE CEO. ALL BONUSES ARE CAPPED AT A MAXIMUM PERCENTAGE OF THEIR SALARY.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
18 April 2024
IRS schema version
2022v5.0
Source object
202421219349302512

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