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Nonprofiteer
← 1889-CHS FOUNDATION INC

Form 990 for tax year 2022

Filed by 1889-CHS FOUNDATION INC.

Totals

Total revenue
$12,544,016
Total expenses
$1,016,548
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$8,186,317
Investment income
$4,240,054
Other revenue
$117,645
Total assets, end of year
$157,573,180
Total liabilities, end of year
$1,002,912
Net assets or fund balances, end of year
$156,570,268
Program services expenses (Part IX)
$1,003,948
Management and general expenses
$12,600
Fundraising expenses
$0
Program service expenses (Part III)
$1,003,948

Program services were 98.8% 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.

  • 2a · Program service revenue: NET PATIENT SERVICE REVENUE LEGAC

    total $8,186,317 · related or exempt $8,186,317

  • 3 · Investment income

    total $4,445,916 · excluded $4,445,916

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

    securities $205,862

  • 7c · Gain or loss

    securities -$205,862

  • 7d · Net gain or loss

    total -$205,862 · excluded -$205,862

  • 11a · Other revenue: OTHER INCOME

    total $117,645 · related or exempt $117,645

  • 11e · Other revenue, total

    $117,645

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $924,850 · program services $924,850

  • 11g · Fees: other

    total $7,699 · program services $7,699

  • 24a · Other expenses: MISCELLANEOUS

    total $83,999 · program services $71,399 · management and general $12,600

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $732,609 · end of year $508,956

  • 12 · Investments: other securities

    beginning of year $153,051,876 · end of year $156,898,422

  • 15 · Other assets

    beginning of year $1,074,965 · end of year $165,802

  • 17 · Accounts payable and accrued expenses

    end of year $39,928

  • 25 · Other liabilities

    beginning of year $13,229,881 · end of year $962,984

  • 27 · Net assets without donor restrictions

    beginning of year $141,629,569 · end of year $156,570,268

Mission and programs · 2022

Mission

TO SUPPORT INNOVATIVE PROGRAMS AND INITIATIVES THAT IMPROVE AND TRANSFORM THE OVERALL HEALTH AND WELLNESS OF OUR REGION.

Activities or mission (Part I)

TO SUPPORT INNOVATIVE PROGRAMS AND INITIATIVES THAT IMPROVE AND TRANSFORM THE OVERALL HEALTH OF OUR REGION.

  • TO SUPPORT THE MISSION OF THE 1889 FOUNDATION, INC. WHICH IS TO SUPPORT INNOVATIVE PROGRAMS AND INITIATIVES THAT IMPROVE AND TRANSFORM THE OVERALL HEALTH AND WELLNESS OF OUR REGION.

    Expenses $1,003,948 · Revenue $8,303,962

As filed on the 2022 return.

Listed in Part VII

  • SCOTT BECKER

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • JOHN SARACENA CPA

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • KIM CRAIG

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • MICHAEL KERR

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • MICHAEL BARLETTA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • BRUCE DUKE III MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • JAMES HARGREAVES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • JAMES CASCIO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • ALANNA WILSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • FRANK QUITONI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • MICHAEL SMITH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • SUSAN WILLIAMS MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • SUSAN MANN

    PRESIDENT/CEO

    Total calculated
    $312,900
    From this org
    $0
    From related orgs
    $299,400
    Other
    $13,500
    Hours/week
    16 + 24 related

    Schedule J breakdown matched by us

    Base
    $0 + $210,000 related
    Bonus
    $0 + $60,000 related
    Other
    $0 + $29,400 related
    Deferred
    $0 + $12,600 related
    Nontaxable benefits
    $0 + $900 related
    Filer's total
    $0 + $312,900 related

  • WENDY A REITNAUER

    DIRECTOR OF FINANCE

    Total calculated
    $180,350
    From this org
    $0
    From related orgs
    $173,072
    Other
    $7,278
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $127,554 related
    Bonus
    $0 + $26,385 related
    Other
    $0 + $19,133 related
    Deferred
    $0 + $6,378 related
    Nontaxable benefits
    $0 + $900 related
    Filer's total
    $0 + $180,350 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

  • 2 · Substantiation required before reimbursing expenses
  • 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

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
2022
Filed
22 February 2024
IRS schema version
2022v5.0
Source object
202440609349300404

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