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← THEDACARE FAMILY OF FOUNDATIONS INC

Form 990 for tax year 2024

Filed by THEDACARE FAMILY OF FOUNDATIONS INC.

What the amendment changed

Compared with the return it replaced , filed 14 May 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$2,027,830 changed to $7,711,415
Total expenses
$5,611,042 changed to $6,699,983
Contributions and grants received
$1,368,296 changed to $3,634,321
Grants paid
$4,793,974 changed to $4,676,627
Investment income
$659,534 changed to $4,093,458
Other revenue
$0 changed to -$16,364
Total assets, end of year
$66,534,164 changed to $70,833,850
Total liabilities, end of year
$5,557,190 changed to $6,159,877
Net assets or fund balances, end of year
$60,976,974 changed to $64,673,973
Program services expenses
$4,793,974 changed to $4,676,627
Management and general expenses
$296,023 changed to $537,928
Fundraising expenses
$521,045 changed to $1,485,428
Program service expenses (Part III)
$4,793,974 changed to $4,676,627

Listed only on the later return

  • Mira Lliescu-Levine MD

Listed under a different title

  • Genevive Shields: BOARD MEMBER then BOARD MEMBER BEG 03/25
  • Matthew Wille MD: Chief Operating Officer, Board Member then CHIEF OPERATING OFFICER, BOARD MEMBER END 05/25
  • Ron Thiry: PAST PRESIDENT, BOARD MEMBER then BOARD MEMBER

Totals

Total revenue
$7,711,415
Total expenses
$6,699,983
Contributions and grants received
$3,634,321
Grants paid
$4,676,627
Program service revenue
$0
Investment income
$4,093,458
Other revenue
-$16,364
Total assets, end of year
$70,833,850
Total liabilities, end of year
$6,159,877
Net assets or fund balances, end of year
$64,673,973
Program services expenses (Part IX)
$4,676,627
Management and general expenses
$537,928
Fundraising expenses
$1,485,428
Program service expenses (Part III)
$4,676,627

Program services were 69.8% 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.

  • 1c · Fundraising events

    $138,715

  • 1d · Related organizations

    $1,144,360

  • 1f · All other contributions, gifts and grants

    $2,351,246

  • 1g · Noncash contributions included above

    $61,209

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $1,756,680 · unrelated business -$21,568 · excluded $1,778,248

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $2,336,778

  • 7c · Gain or loss

    securities $2,336,778 · other assets $0

  • 7d · Net gain or loss

    total $2,336,778 · excluded $2,336,778

  • 8a · Fundraising events: gross income

    $37,440

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

    $138,715

  • 8b · Fundraising events: direct expenses

    $53,804

  • 8c · Net income from fundraising events

    total -$16,364 · excluded -$16,364

  • 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 $4,649,627 · program services $4,649,627

  • 2 · Grants to domestic individuals

    total $27,000 · program services $27,000

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 7 · Other salaries and wages

    total $1,087,034 · management and general $271,758 · fundraising $815,276

  • 8 · Pension plan contributions

    total $32,839 · management and general $8,210 · fundraising $24,629

  • 9 · Other employee benefits

    total $147,704 · management and general $36,926 · fundraising $110,778

  • 10 · Payroll taxes

    total $80,416 · management and general $20,104 · fundraising $60,312

  • 11a · Fees: management

    total $10,364 · management and general $10,364

  • 11g · Fees: other

    total $71,262 · program services $0 · management and general $71,262 · fundraising $0

  • 12 · Advertising and promotion

    total $16,694 · fundraising $16,694

  • 13 · Office expenses

    total $431,173 · management and general $48,742 · fundraising $382,431

  • 14 · Information technology

    total $110,826 · management and general $55,413 · fundraising $55,413

  • 17 · Travel

    total $17,473 · management and general $4,367 · fundraising $13,106

  • 19 · Conferences, conventions and meetings

    total $8,778 · management and general $8,666 · fundraising $112

  • 24a · Other expenses: DONOR RECOGNITION

    total $4,404 · fundraising $4,404

  • 24b · Other expenses: DUES & SUBCRIPTIONS

    total $4,206 · management and general $2,103 · fundraising $2,103

  • 24e · All other expenses

    total $183 · program services $0 · management and general $13 · fundraising $170

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,281,673 · end of year $2,281,673

  • 3 · Pledges and grants receivable

    beginning of year $4,267,657 · end of year $2,667,771

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $108,186 · end of year $70,769

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $47,141,011 · end of year $53,078,000

  • 12 · Investments: other securities

    beginning of year $12,735,637 · end of year $12,735,637

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $5,557,190 · end of year $6,159,877

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $43,469,495 · end of year $49,013,516

  • 28 · Net assets with donor restrictions

    beginning of year $17,507,479 · end of year $15,660,457

Mission and programs · 2024

Mission

TO INSPIRE GIVING AND PROVIDE FUNDING FOR THEDACARE INITIATIVES THAT HELP PEOPLE EXPERIENCE EXCEPTIONAL CARE.

Activities or mission (Part I)

ENRICHING HEALTHCARE EXPERIENCES BEYOND EXPECTATIONS.

  • THEDACARE FAMILY OF FOUNDATIONS, INC. WILL BE A PHILANTHROPIC FOUNDATION AFFILIATED WITH THEDACARE, INC., A HEALTHCARE ORGANIZATION. THE FOUNDATION WILL UNDERTAKE ACTIVITIES SUCH AS A GRANTS PROGRAM TO SUPPORT COMMUNITY HEALTH INITIATIVES, EDUCATION/OUTREACH EFFORTS, AND SCHOLARSHIPS.

    Expenses $4,676,627 · Grants $4,676,627

As filed on the 2024 return.

Listed in Part VII

  • John Larson

    TREASURER, BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mira Lliescu-Levine MD

    BOARD MEMBER, CHIEF OPERATING MEDICAL OFFICER BEG 06/25

    Total calculated
    $628,920
    From this org
    $0
    From related orgs
    $579,841
    Other
    $49,079
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $448,372 related
    Bonus
    $0 + $122,828 related
    Other
    $0 + $8,641 related
    Deferred
    $0 + $29,234 related
    Nontaxable benefits
    $0 + $19,845 related
    Filer's total
    $0 + $628,920 related

  • Shelly Clark

    PRESIDENT, BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Denise Burkett

    PAST PRESIDENT, BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Genevive Shields

    BOARD MEMBER BEG 03/25

    Total calculated
    $0
    Hours/week
    1

  • Matthew Wille MD

    CHIEF OPERATING OFFICER, BOARD MEMBER END 05/25

    Total calculated
    $920,564
    From this org
    $0
    From related orgs
    $724,907
    Other
    $195,657
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $564,873 related
    Bonus
    $0 + $150,755 related
    Other
    $0 + $9,279 related
    Deferred
    $0 + $168,758 related
    Nontaxable benefits
    $0 + $26,899 related
    Filer's total
    $0 + $920,564 related

  • Melissa Sylte

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael Sleeper

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ron Thiry

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tim Galloway

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Barbara Beuscher

    SVP, CHIEF PHILANTHROPY OFFICER

    Total calculated
    $485,167
    From this org
    $0
    From related orgs
    $380,122
    Other
    $105,045
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $257,226 related
    Bonus
    $0 + $114,735 related
    Other
    $0 + $8,161 related
    Deferred
    $0 + $78,146 related
    Nontaxable benefits
    $0 + $26,899 related
    Filer's total
    $0 + $485,167 related

  • Imran Andrabi MD

    PRESIDENT & CEO - SYSTEM

    Total calculated
    $5,238,377
    From this org
    $0
    From related orgs
    $4,591,338
    Other
    $647,039
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,794,100 related
    Bonus
    $0 + $2,564,672 related
    Other
    $0 + $232,566 related
    Deferred
    $0 + $620,140 related
    Nontaxable benefits
    $0 + $26,899 related
    Filer's total
    $0 + $5,238,377 related

  • William Flett

    CHIEF FINANCIAL OFFICER

    Total calculated
    $802,030
    From this org
    $0
    From related orgs
    $623,899
    Other
    $178,131
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $478,381 related
    Bonus
    $0 + $134,891 related
    Other
    $0 + $10,627 related
    Deferred
    $0 + $151,232 related
    Nontaxable benefits
    $0 + $26,899 related
    Filer's total
    $0 + $802,030 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

  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
THE PRESIDENT & CEO OF THE ORGANIZATION IS COMPENSATED BY A RELATED ORGANIZATION. THE RELATED ORGANIZATION USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE PRESIDENT: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY, APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
SENIOR LEVEL EXECUTIVES OF THE COMPANY ARE ENTITLED TO AN ANNUAL FLEXIBLE BENEFIT EQUAL TO 20% OF THE MIDPOINT OF THEIR SALARY RANGE. THIS 457(F) SUPPLEMENTAL BENEFIT PLAN COMPLIES WITH THE FINAL REGULATIONS UNDER SECTION 409(A) AND 457(F) OF THE INTERNAL REVENUE CODE. PARTICIPANTS MAY ELECT THE BENEFIT TO BE USED TO PURCHASE PARTICULAR INSURANCE BENEFITS, INVEST IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN, OR A COMBINATION OF THE TWO. BENEFITS ARE ACCRUED ON A MONTHLY BASIS AND ARE SUBJECT TO THE SUBSTANTIAL RISK OR FORFEITURE AGREEMENT SIGNED BY THE PARTICIPANTS. PLAN CONTRIBUTIONS ARE MADE ON A QUARTERLY BASIS. DURING THE YEAR, THE FOLLOWING INDIVIDUALS PARTICIPATED IN AND RECEIVED PAYMENT FROM THE PLAN: IMRAN ANDRABI, MD $216,027 DURING THE YEAR, THE FOLLOWING INDIVIDUALS ACCRUED AN AMOUNT FROM THE PLAN, WHICH IS INCLUDED IN DEFERRED COMPENSATION: IMRAN ANDRABI, MD $566,640 WILLIAM FLETT $105,232 MATTHEW WILLE, MD $122,758
Schedule J, Part I, Line 7 Non-fixed payments
EXECUTIVE AT RISK COMPENSATION PLAN: THE PLAN OBJECTIVES ARE TO ENHANCE THEDACARE, INC'S ABILITY TO ACHIEVE ITS GOALS BY PROVIDING A TOOL FOR STIMULATING AND REWARDING SUPERIOR LEVELS OF PERFORMANCE AMONG LEADERS AND TO WORK TOGETHER AS A COHESIVE GROUP TOWARDS COMMON GOALS. LEADERS FROM MANAGER LEVEL TO THE PRESIDENT AND CEO ARE ELIGIBLE TO PARTICIPATE IN THIS PLAN. THE PERCENTAGE FOR WHICH AN INDIVIDUAL IS ELIGIBLE IS DETERMINED BY THE PARAMETERS LISTED FOR THE LEADERSHIP POSITION AND IN THE PLAN DOCUMENT ON FILE. LEADERS MAKE RECOMMENDATIONS FOR THEIR MANAGEMENT LEVEL DIRECT REPORTS TO THEIR EXECUTIVE LEADER BASED ON PERFORMANCE RESULTS. THE PRESIDENT AND CEO ALSO REVIEWS AND APPROVES. FOR SENIOR VICE PRESIDENTS, THE EXECUTIVE LEADERSHIP TEAM, AND THE PRESIDENT AND CEO, THE RECOMMENDATIONS ARE REVIEWED AND APPROVED BY THE HUMAN RESOURCES AND GOVERNANCE COMMITTEE OF THE BOARD AND THE EXECUTIVE COMMITTEE OF THE BOARD. THESE COMMITTEES ALSO REVIEW THE TOTAL SPEND FOR THE INCENTIVE PLANS. THESE LEADERS MUST BE IN ACTIVE REGULAR SERVICE OF THEDACARE, INC. FOR THE ENTIRE PLAN YEAR (JULY 1, 2024 TO JUNE 30, 2025) TO RECEIVE A 2025 BONUS. CARING FOR SUCCESS: THE PLAN OBJECTIVES ARE TO PROVIDE INCENTIVE TO FOCUS THE ORGANIZATION'S RESOURCES, ENERGY AND ATTENTION TO THE FULFILLMENT OF THEDACARE'S MISSION. EMPLOYEE ELIGIBILITY IS BASED ON THE NUMBER OF HOURS WORKED. ALL ELIGIBLE EMPLOYEES SHARE IN THE PAYOUT. THE PAYOUT AMOUNT IS A FLAT DOLLAR AMOUNT, DETERMINED BASED ON BOTH FINANCIAL AND QUALITY THRESHOLDS. THE AMOUNT PER EMPLOYEE IS DETERMINED BY DIVIDING THE TOTAL GAIN REALIZED (THE EMPLOYEE SHARE) BY HOURS PAID TO ALL ELIGIBLE EMPLOYEES. THE THEDACARE BOARD OF TRUSTEES APPROVES THE SPEND FOR THE PLAN.

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • N APPLETON AMBULATORY CARE CENTER BUILDING COMPANY LLC

    N/A · RENTAL · WI

    Directly controlled by NA

  • ENCIRCLE REALCO LLC

    Excluded · PROPERTY HOLDING · OH

    Directly controlled by THEDACARE REGIONAL MEDICAL CENTER - APPLETON INC

  • FROEDTERT SURGERY CENTER LLC

    Related · SURGERY CENTER · WI

    Directly controlled by FROEDTERT THEDACARE HEALTH

  • FMLH MCW REAL ESTATE VENTURES LLC

    Related · REAL ESTATE · WI

    Directly controlled by FROEDTERT THEDACARE HEALTH

  • WISCONSIN DIAGNOSTIC LABORATORIES LLC

    Related · LAB SERVICES · WI

    Directly controlled by FROEDTERT THEDACARE HEALTH

  • DREXEL TOWN SQUARE SURGERY CENTER LLC

    Related · SURGERY CENTER · WI

    Directly controlled by FROEDTERT THEDACARE HEALTH

  • MENOMONEE FALLS AMBULATORY SURGERY CTR

    Related · SURGERY CENTER · WI

    Directly controlled by FROEDTERT THEDACARE HEALTH

  • FROEDTERT & THE MCW NETWORK LLC

    N/A · HEALTH CARE · WI

    Directly controlled by NA

  • FROEDTERT & THE MCW ACO LLC

    N/A · HEALTH CARE · WI

    Directly controlled by NA

  • WEST BEND SURGERY CENTER LLC

    Related · HEALTHCARE SERVICES · WI

    Directly controlled by FROEDTERT THEDACARE HEALTH

  • NATIONAL LABORATORY NETWORK LLC

    Related · LABORATORY SVCS · WI

    Directly controlled by FROEDTERT THEDACARE HEALTH

  • D1 SPORTS TRAINING OF MILWAUKEE LLC

    Related · SPORTS MEDICINE · WI

    Directly controlled by FROEDTERT THEDACARE HEALTH

  • THP-FROEDTERT HEALTH VENTURES LLC

    Related · HEALTH CARE · TX

    Directly controlled by FROEDTERT THEDACARE HEALTH

  • FHHP LLC

    Related · HEALTH CARE · WI

    Directly controlled by FROEDTERT THEDACARE HEALTH

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • HART'S MILL INSURANCE COMPANY

    C Corporation · SELF-INSURANCE · CJ

    Directly controlled by FROEDTERT THEDACARE HEALTH

  • FH INVESTMENT HOLDINGS INC

    C Corporation · INVST HOLD CO · WI

    Directly controlled by FROEDTERT THEDACARE HEALTH

  • NETWORK HEALTH INC

    C Corporation · HEALTHCARE ADMIN · WI

    Directly controlled by FROEDTERT THEDACARE HEALTH

  • NETWORK HEALTH INSURANCE CORP

    C Corporation · SERVICE INSURANCE · WI

    Directly controlled by NETWORK HEALTH INC

  • NETWORK HEALTH PLAN

    C Corporation · HEALTH INSURANCE · WI

    Directly controlled by NETWORK HEALTH INC

  • HOLY FAMILY HEALTH SERVICES INC

    C Corporation · HEALTH CARE · WI

    Directly controlled by FROEDTERT THEDACARE HEALTH

Provenance

Return type
form_990
Tax year
2024
Filed
14 May 2026
IRS schema version
2024v5.1
Source object
202601349349310570

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