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Nonprofiteer
← WESTERLY HOSPITAL FOUNDATION INC

Form 990 for tax year 2024

Filed by WESTERLY HOSPITAL FOUNDATION INC.

Totals

Total revenue
$2,031,669
Total expenses
$428,794
Contributions and grants received
$1,388,812
Grants paid
$0
Program services expenses (Part IX)
$353,903
Management and general expenses
$74,891
Fundraising expenses
$0
Program service expenses (Part III)
$353,903

Program services were 82.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • RICHARD LISITANO

    PRESIDENT/CEO (CURRENT YR COMP)

    Total calculated
    $1,259,425
    From this org
    $0
    From related orgs
    $926,427
    Other
    $332,998
    Hours/week
    1 + 39 related

  • RICHARD LISITANO

    PRESIDENT/CEO (VESTED DEFERRED)

    Total calculated
    $288,987
    From this org
    $0
    From related orgs
    $288,987
    Other
    $0
    Hours/week
    1 + 39 related

  • PATRICK L GREEN

    FORMER OFFICER

    Total calculated
    $699,459
    From this org
    $0
    From related orgs
    $699,459
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $699,459 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $699,459 related

  • NOEL APPEL

    VICE PRESIDENT

    Total calculated
    $492,213
    From this org
    $0
    From related orgs
    $457,445
    Other
    $34,768
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $364,736 related
    Bonus
    $0 + $89,231 related
    Other
    $0 + $3,478 related
    Deferred
    $0 + $23,149 related
    Nontaxable benefits
    $0 + $11,619 related
    Filer's total
    $0 + $492,213 related

  • BRETT PERRONE

    TREASURER

    Total calculated
    $470,616
    From this org
    $0
    From related orgs
    $427,340
    Other
    $43,276
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $372,030 related
    Bonus
    $0 + $45,985 related
    Other
    $0 + $9,325 related
    Deferred
    $0 + $27,417 related
    Nontaxable benefits
    $0 + $15,859 related
    Filer's total
    $0 + $470,616 related

  • VINCENT TAMMARO

    FORMER OFFICER

    Total calculated
    $382,125
    From this org
    $0
    From related orgs
    $382,125
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $382,125 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $382,125 related

  • STEPHEN ALLEGRETTO

    FORMER OFFICER

    Total calculated
    $110,519
    From this org
    $0
    From related orgs
    $110,519
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $110,519 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $110,519 related

  • LINDA CASERTANO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DIANE CONSOLI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JAMES FURNIVALL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MEREDITH GEORGE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • PETER HELIE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOHN HOLSTEIN

    TRUSTEE & CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • TOM KELLOGG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAN LATHROP

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • PERRY LORENZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOSEPH MICELI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LORRAINE RANDALL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARGARET ROBERTS

    TRUSTEE

    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 — 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

Itemized on Schedule J with no Part VII listing of the same name on this return:

  • RICHARD LISITANO

    PRESIDENT/CEO (CURRENT YR COMP)

    Schedule J breakdown

    Base
    $0 + $720,032 related
    Bonus
    $0 + $142,178 related
    Other
    $0 + $64,217 related
    Deferred
    $0 + $309,718 related
    Nontaxable benefits
    $0 + $23,280 related
    Filer's total
    $0 + $1,259,425 related

  • RICHARD LISITANO

    PRESIDENT/CEO (VESTED DEFERRED)

    Schedule J breakdown

    Base
    $0
    Bonus
    $0
    Other
    $0 + $288,987 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $288,987 related

Answered yes

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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)

PART I, LINE 3
OFFICERS OF WESTERLY HOSPITAL FOUNDATION RECEIVE NO COMPENSATION FROM THE ORGANIZATION. THEY ARE EMPLOYEES OF A RELATED ENTITY WITHIN YNHHS WHOSE COMPENSATION IS PAID BY THE RELATED ENTITY, WHICH ENTITY HAS PROCEDURES IN PLACE TO ENSURE THE REASONABLENESS OF COMPENSATION PAID. THE METHOD(S) USED BY THE RELATED ORGANIZATION(S) FOR DETERMINING COMPENSATION FOR THESE INDIVIDUALS ARE: -COMPENSATION COMMITTEE -INDEPENDENT COMPENSATION CONSULTANT -COMPENSATION SURVEY OR STUDY -APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
PART I, LINES 4A-B
LINE 4B, SUPPLEMENTAL NONQUALIFIED RETIREMENT PLANS: THE INDIVIDUALS LISTED BELOW ARE PARTICIPANTS IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN WITHIN AN AFFILIATED ORGANIZATION. THESE ACCRUALS ARE INCLUDED IN THE AMOUNTS REPORTED IN PART II, COLUMN C (DEFERRED COMPENSATION) AND REPRESENTS BOTH THE REPORTING ENTITY'S AND RELATED ENTITY'S COMBINED AMOUNTS THAT HAVE NOT YET BEEN VESTED CONSISTENT WITH THE COMPENSATION REPORTING PER IRS. SEVERANCE NONQUALIFIED EQUITY-BASED VINCENT TAMMARO $ 40,000 - - RICHARD LISITANO - $ 149,968 - THE SUPPLEMENTAL RETIREMENT INCOME PLAN (SRIP) / EXECUTIVE DEFERRED COMPENSATION ACCOUNT PLAN (EDCAP) ARE DESIGNED TO ENSURE THE PAYMENT OF A COMPETITIVE LEVEL OF RETIREMENT INCOME WHEN ADDED TO OTHER SOURCES OF RETIREMENT INCOME IN ORDER TO ATTRACT AND RETAIN KEY MANAGEMENT EMPLOYEES SERVING AS CORPORATE OFFICERS. THE PLAN PROVIDES SUPPLEMENTAL RETIREMENT INCOME THROUGH AN UNFUNDED, NONQUALIFIED DEFERRED COMPENSATION ARRANGEMENT UNDER SECTION 457(F) AND THROUGH A DEFERRED COMPENSATION PLAN UNDER SECTION 409A OF THE INTERNAL REVENUE CODE AND A MANAGEMENT OR HIGHLY COMPENSATED EMPLOYEES' PLAN UNDER THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA). THE INDIVIDUAL LISTED BELOW BECAME VESTED IN BENEFITS VALUED AT THE AMOUNT RESPECTIVELY REPORTED BELOW DURING THE REPORTING YEAR. INCLUDED IN SECTION II, COLUMN B (III) IS THE AMOUNT VESTED DURING THE 2024 CALENDAR YEAR THAT IS RECOGNIZED AS A TAXABLE EVENT AND REPORTED IN THE INDIVIDUAL'S 2024 CALENDAR YEAR FORM W-2. SRIP EDCAP RICHARD LISITANO - $ 288,987 THE FOLLOWING FORMER OFFICER(S) RECEIVED A PAYMENT FROM A NONQUALIFIED PLAN. THE PAYMENT WAS MADE DIRECTLY TO THE INDIVIDUAL(S) FROM THE RABBI TRUST AND REPORTED IN THE INDIVIDUALS' 2024 FORM W-2 ISSUED BY THE RABBI TRUST. VINCENT TAMMARO $ 157,525 STEPHEN ALLEGRETTO $ 58,565

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
2024
IRS schema version
2024v5.5
Source object
202612269349302561

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