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← BACHARACH HOSPITAL FOUNDATION INC

Form 990 for tax year 2023

Filed by BACHARACH HOSPITAL FOUNDATION INC.

Totals

Total revenue
$2,743,223
Total expenses
$6,092,807
Contributions and grants received
$118,741
Grants paid
$6,000,000
Program service revenue
$0
Investment income
$2,613,662
Other revenue
$10,820
Total assets, end of year
$26,294,990
Total liabilities, end of year
$71,391
Net assets or fund balances, end of year
$26,223,599
Program services expenses (Part IX)
$6,000,000
Management and general expenses
$89,556
Fundraising expenses
$3,251
Program service expenses (Part III)
$6,000,000

Program services were 98.5% 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.

  • 1d · Related organizations

    $117,602

  • 1f · All other contributions, gifts and grants

    $1,139

  • 3 · Investment income

    total $663,713 · excluded $663,713

  • 7a · Gross sales of assets other than inventory

    securities $21,373,366

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

    securities $19,423,417

  • 7c · Gain or loss

    securities $1,949,949

  • 7d · Net gain or loss

    total $1,949,949 · excluded $1,949,949

  • 11a · Other revenue: Income from PTE

    total $10,820 · unrelated business $10,820

  • 11e · Other revenue, total

    $10,820

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,000,000 · program services $6,000,000

  • 11a · Fees: management

    total $41,638 · management and general $41,638

  • 11f · Fees: investment management

    total $42,958 · management and general $42,958

  • 16 · Occupancy

    total $4,960 · management and general $4,960

  • 24a · Other expenses: Seminars/Subscriptions

    total $3,251 · fundraising $3,251

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $435,197 · end of year $4,093,863

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,251

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $28,999,444 · end of year $22,127,265

  • 12 · Investments: other securities

    beginning of year $73,671 · end of year $73,209

  • 15 · Other assets

    beginning of year $6,233 · end of year $653

  • 17 · Accounts payable and accrued expenses

    beginning of year $24,793 · end of year $71,391

  • 27 · Net assets without donor restrictions

    beginning of year $29,493,003 · end of year $26,223,599

Mission and programs · 2023

Mission

The Foundation was organized for the purpose of obtaining, expending and applying funds and property for the benefit of Bacharach Institute for Rehabilition (an exempt public charity).

Activities or mission (Part I)

Support the charitable mission of the Bacharach Institute for Rehabiliation.

  • The Foundation supports the ongoing efforts of Bacharach Institute for Rehabilitation (an exempt public charity) in providing the highest quality care to the public.

    Expenses $6,000,000 · Grants $6,000,000

As filed on the 2023 return.

Listed in Part VII

  • Richard J Kathrins

    President

    Total calculated
    $140,517
    From this org
    $0
    From related orgs
    $135,023
    Other
    $5,494
    Hours/week
    1 + 16 related

  • Philip Perskie

    Chairperson

    Total calculated
    $0
    Hours/week
    1

  • Roy Goldberg

    Vice Chairperson & Secretary

    Total calculated
    $0
    Hours/week
    1

  • Philip DiBeradino

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • James Lees

    Director

    Total calculated
    $0
    Hours/week
    1

  • Doortja Fenwick

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ronald Rossi

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lawrence Naame MD

    Director

    Total calculated
    $0
    Hours/week
    1

  • Michael Fedorko

    Director

    Total calculated
    $0
    Hours/week
    1

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.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
30 October 2024
IRS schema version
2023v5.1
Source object
202423179349306242

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