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Nonprofiteer
← LA POSADA FOUNDATION

Form 990 for tax year 2022

Filed by LA POSADA FOUNDATION.

Totals

Total revenue
$20,676,774
Total expenses
$381,623
Contributions and grants received
$20,118,934
Grants paid
$358,844
Program service revenue
$0
Investment income
$557,840
Other revenue
$0
Total assets, end of year
$19,464,287
Total liabilities, end of year
$40
Net assets or fund balances, end of year
$19,464,247
Program services expenses (Part IX)
$358,844
Management and general expenses
$22,779
Fundraising expenses
$0
Program service expenses (Part III)
$358,844

Program services were 94.0% 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.

  • 1d · Related organizations

    $19,722,138

  • 1f · All other contributions, gifts and grants

    $396,796

  • 1g · Noncash contributions included above

    $19,722,138

  • 3 · Investment income

    total $582,951 · excluded $582,951

  • 7a · Gross sales of assets other than inventory

    securities $153,672

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

    securities $178,783

  • 7c · Gain or loss

    securities -$25,111

  • 7d · Net gain or loss

    total -$25,111 · excluded -$25,111

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $358,844 · program services $358,844

  • 11f · Fees: investment management

    total $22,779 · management and general $22,779

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $35,492

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $79,057

  • 11 · Investments: publicly traded securities

    end of year $19,349,738

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $40

  • 27 · Net assets without donor restrictions

    beginning of year $0 · end of year $12,639,247

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $6,825,000

Mission and programs · 2022

Mission

ASSIST IN THE DEVELOPMENT AND FUNDRAISING ACTIVITIES FOR THE LONG-TERM BENEFIT AND ENHANCEMENT OF THE MISSION OF THE LA POSADA COMMUNITIES, OR OTHER ORGANIZATIONS WHOSE MISSION ALIGNS WITH LA POSADA FOUNDATION.

Activities or mission (Part I)

SUPPORT HOUSING & HEALTHCARE FOR SENIORS.

  • MAINTAIN INSTITUTIONS FOR THE CARE OF PERSONS SUFFERING FROM ILLNESSES AND DISABILITIES AND TO ESTABLISH, SUPPORT AND MAINTAIN SENIOR/ELDER CARE AND RETIREMENT FACILITIES, INCLUDING, BUT NOT LIMITED TO, INDEPENDENT LIVING FACILITIES, ASSISTED LIVING FACILITIES, SKILLED NURSING FACILITIES AND INTERMEDIATE CARE FACILITIES AND TO PROVIDE RELATED SERVICES FOR THE ELDERLY/SENIORS, DISABLED AND RESIDENTS OF SENIOR/ELDER CARE AND RETIREMENT FACILITIES

    Expenses $358,844 · Grants $358,844

As filed on the 2022 return.

Listed in Part VII

  • William Bennett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Duane Blumberg PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Simon Davis

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Patty Smallsreed

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Ducote

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Vic Fresolone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nancy Puckett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joni Condit

    PRESIDENT/CEO

    Total calculated
    $407,588
    From this org
    $0
    From related orgs
    $375,468
    Other
    $32,120
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $337,954 related
    Bonus
    $0 + $37,514 related
    Other
    $0
    Deferred
    $0 + $8,040 related
    Nontaxable benefits
    $0 + $24,080 related
    Filer's total
    $0 + $407,588 related

  • Paul Ide

    SR VP/CFO/CIO

    Total calculated
    $320,223
    From this org
    $0
    From related orgs
    $287,154
    Other
    $33,069
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $261,252 related
    Bonus
    $0 + $25,902 related
    Other
    $0
    Deferred
    $0 + $8,010 related
    Nontaxable benefits
    $0 + $25,059 related
    Filer's total
    $0 + $320,223 related

  • Paul Loomans

    VP MARKETING

    Total calculated
    $152,526
    From this org
    $0
    From related orgs
    $126,708
    Other
    $25,818
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $126,708 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,273 related
    Nontaxable benefits
    $0 + $21,545 related
    Filer's total
    $0 + $152,526 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

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
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202303199349323445

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