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Nonprofiteer
← PRESBYTERIAN HEALTHCARE FOUNDATION

Form 990 for tax year 2023

Filed by PRESBYTERIAN HEALTHCARE FOUNDATION.

Totals

Total revenue
$9,914,179
Total expenses
$8,471,178
Contributions and grants received
$4,950,861
Grants paid
$4,708,055
Program service revenue
$0
Investment income
$5,144,149
Other revenue
-$180,831
Total assets, end of year
$128,867,601
Total liabilities, end of year
$748,137
Net assets or fund balances, end of year
$128,119,464
Program services expenses (Part IX)
$4,996,590
Management and general expenses
$2,162,285
Fundraising expenses
$1,312,303
Program service expenses (Part III)
$4,996,590

Program services were 59.0% 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

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $830,008

  • 1d · Related organizations

    $256,730

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $3,864,123

  • 1g · Noncash contributions included above

    $32,878

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $2,609,469 · excluded $2,609,469

  • 6a · Gross rents

    real property $3,729

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $3,729 · personal property $0

  • 6d · Net rental income or loss

    total $3,729 · excluded $3,729

  • 7a · Gross sales of assets other than inventory

    securities $18,049,853

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

    securities $15,515,173

  • 7c · Gain or loss

    securities $2,534,680 · other assets $0

  • 7d · Net gain or loss

    total $2,534,680 · excluded $2,534,680

  • 8a · Fundraising events: gross income

    $135,229

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

    $830,008

  • 8b · Fundraising events: direct expenses

    $332,869

  • 8c · Net income from fundraising events

    total -$197,640 · excluded -$197,640

  • 9a · Gaming: gross income

    $16,930

  • 9b · Gaming: direct expenses

    $3,850

  • 9c · Net income from gaming

    total $13,080 · excluded $13,080

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 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 $4,708,055 · program services $4,708,055

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $2,099,971 · program services $288,535 · management and general $1,178,402 · fundraising $633,034

  • 8 · Pension plan contributions

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $396 · program services $0 · management and general $198 · fundraising $198

  • 11c · Fees: accounting

    total $39,226 · program services $0 · management and general $19,613 · fundraising $19,613

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $295,303 · program services $0 · management and general $295,303 · fundraising $0

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $63,902 · program services $0 · management and general $31,951 · fundraising $31,951

  • 14 · Information technology

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $90,300 · program services $0 · management and general $45,150 · fundraising $45,150

  • 17 · Travel

    total $4 · program services $0 · management and general $2 · fundraising $2

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 20 · Interest

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: Other Purchased Service Admin Exp:

    total $700,046 · program services $0 · management and general $331,498 · fundraising $368,548

  • 24b · Other expenses: Corporate Allocation

    total $278,548 · program services $0 · management and general $139,274 · fundraising $139,274

  • 24c · Other expenses: DONOR RECOGNITION

    total $43,315 · program services $0 · management and general $0 · fundraising $43,315

  • 24d · Other expenses: BOARD EXPENSES

    total $26,501 · program services $0 · management and general $18,876 · fundraising $7,625

  • 24e · All other expenses

    total $125,611 · program services $0 · management and general $102,018 · fundraising $23,593

  • 26 · Joint costs (an allocation of the lines above)

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $647,844 · end of year $792,688

  • 3 · Pledges and grants receivable

    beginning of year $1,520,216 · end of year $957,090

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 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

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $83,013

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $328,618 · end of year $83,013

  • 11 · Investments: publicly traded securities

    beginning of year $117,872,396 · end of year $126,168,196

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $744,263 · end of year $866,614

  • 17 · Accounts payable and accrued expenses

    beginning of year $122,823 · end of year $8,716

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $739,348 · end of year $739,421

  • 27 · Net assets without donor restrictions

    beginning of year $59,877,880 · end of year $64,811,520

  • 28 · Net assets with donor restrictions

    beginning of year $60,373,286 · end of year $63,307,944

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

RAISE AND STEWARD FUNDS NECESSARY TO IMPROVE HEALTH AND LIVES IN COMMUNITIES SERVED BY PRESBYTERIAN HEALTHCARE SERVICES, A 501(C)(3) ORGANIZATION, PROVIDING HEALTHCARE SERVICES TO COMMUNITIES IN NEW MEXICO.

  • PROGRAM SERVICE ACTIVITY #1 In keeping with its historical priorities, the Foundation directed significant funding in 2023 for nursing/staff education, patient assistance, equipment and programs. The Foundation funded 100+ scholarships for nurses and other staff to pursue bachelor's and advanced degrees. Patient assistance funds supported transportation, lodging and other critical needs, so patients can complete their treatment - without having to prioritize daily living needs over potentially lifesaving healthcare. A wide range of equipment needs - for example, a retinal camera for infants, cardiac imaging technology, and orthopedic and rehabilitation tools - were funded. An example of a program fully funded by donors was the Presbyterian Pace Academy, which has a full-time teacher who helps hospitalized children keep up with their school work.

    Expenses $1,050,087 · Grants $1,050,087

  • PROGRAM SERVICE ACTIVITY #2 The Presbyterian Robert Wertheim Hospice House, the only full-service, residential hospice facility in central New Mexico, opened in late 2022, following donor support to fully fund the $3.6 million project. The Robert Wertheim Hospice House's first full year of operations in 2023 was supported, in part, by $539,851 from Foundation donors. The 10-bed facility provided end-of-life care to more than 200 patients in 2023.

    Expenses $539,851 · Grants $539,851

  • PROGRAM SERVICE ACTIVITY #3 Community Health is a top fundraising priority for the Foundation. Funds totaling $504,896 were provided in 2023 for core Community Health programs addressing key social determinants of health, including: the Food Farmacy, a referral-based food pantry serving more than 280 patients at two sites; the Peer Support Specialist program, which employs certified peer support specialists with "lived experience pairs them with patients struggling with mental health, psychological trauma or substance use; and emergency funding for those in need including housing down payments, utility expenses, car repairs and emergency housing.

    Expenses $504,896 · Grants $504,896

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $2,901,756 · Grants $2,613,221

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Helen Grevey

    DIRECTOR, SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • John Rochester

    DIRECTOR, TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Richard Scott

    PRESIDENT

    Total calculated
    $508,747
    From this org
    $0
    From related orgs
    $456,897
    Other
    $51,850
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $367,303 related
    Bonus
    $0 + $81,498 related
    Other
    $0 + $8,096 related
    Deferred
    $0 + $19,800 related
    Nontaxable benefits
    $0 + $32,050 related
    Filer's total
    $0 + $508,747 related

  • V Sue Cleveland Ed D

    DIRECTOR, CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Amit Garg MD

    DIRECTOR

    Total calculated
    $2,387,815
    From this org
    $0
    From related orgs
    $2,354,874
    Other
    $32,941
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $781,726 related
    Bonus
    $0 + $1,571,888 related
    Other
    $0 + $1,260 related
    Deferred
    $0 + $16,500 related
    Nontaxable benefits
    $0 + $16,441 related
    Filer's total
    $0 + $2,387,815 related

  • Dale C Maxwell

    EX-OFFICIO DIRECTOR

    Total calculated
    $4,519,558
    From this org
    $0
    From related orgs
    $4,120,680
    Other
    $398,878
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,991,910 related
    Bonus
    $0 + $1,290,957 related
    Other
    $0 + $837,813 related
    Deferred
    $0 + $377,412 related
    Nontaxable benefits
    $0 + $21,466 related
    Filer's total
    $0 + $4,519,558 related

  • David Howard

    EX-OFFICIO DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • J Carlos Garcia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James Zanios

    DIRECTOR (THRU 6/2023)

    Total calculated
    $0
    Hours/week
    1

  • Jeron T Campbell Ed Ld

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kyle Armstrong

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lauren M Cates

    EX-OFFICIO DIRECTOR (EFFECTIVE 12/8/2023)

    Total calculated
    $928,405
    From this org
    $0
    From related orgs
    $852,419
    Other
    $75,986
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $620,125 related
    Bonus
    $0 + $150,504 related
    Other
    $0 + $81,790 related
    Deferred
    $0 + $42,107 related
    Nontaxable benefits
    $0 + $33,879 related
    Filer's total
    $0 + $928,405 related

  • Linda Weil

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Fidel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael M Silva Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Molly Bachechi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Norman Becker

    EX-OFFICIO DIRECTOR

    Total calculated
    $10,000
    From this org
    $0
    From related orgs
    $10,000
    Other
    $0
    Hours/week
    1 + 3 related

  • Richard Reif

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Royale Da

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ruth Huning-Gonzales

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Scottie Pierce PhD

    DIRECTOR, CHAIR ELECT

    Total calculated
    $0
    Hours/week
    1

  • Shelly Stepenaskie MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stephanie Gehres MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steven M Nakamura

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Teresa Hartnett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Todd Sickles

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Trevor Hatchell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • W Robert Lasater

    DIRECTOR, PAST CHAIR

    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. 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 I, Line 3
PRESBYTERIAN HEALTHCARE FOUNDATION (PHF) RELIES ON ITS PARENT, PRESBYTERIAN HEALTHCARE SERVICES (PHS), TO ESTABLISH THE COMPENSATION FOR THE PRESIDENT OF PHF. PHS EMPLOYS AN INDEPENDENT COMPENSATION CONSULTANT, A WRITTEN EMPLOYMENT CONTRACT, AND COMPENSATION STUDIES TO ENSURE THE COMPENSATION IS REASONABLE. FINALLY, THE PRESIDENT'S COMPENSATION IS APPROVED BY THE PHS CEO, BASED ON GUIDANCE RECEIVED FROM THE PHS BOARD'S INDEPENDENT EXECUTIVE COMPENSATION COMMITTEE.
Schedule J, Part II
DALE MAXWELL IS A PARTICIPANT IN A RETENTION AGREEMENT. IN 2023, $340,005 WAS DEFERRED UNDER THIS AGREEMENT FOR MR. MAXWELL BY A RELATED ORGANIZATION. This AMOUNT IS INCLUDED IN THE REPORTED DEFERRED COMPENSATION. ALSO, IN 2023, MR. MAXWELL RECEIVED A VESTED PAYMENT FROM THE RETENTION PLAN OF $379,190. THIS AMOUNT IS REPORTED IN CURRENT COMPENSATION, AS REQUIRED; AND IS ALSO INCLUDED IN COLUMN F OF SCHEDULE J.

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

  • CHARITABLE REMAINDER UNITRUST

    Trust · HOSPITAL SUPPORT · NM

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202443199349315574

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