Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $82,338

• 1d · Related organizations

  $60,000

• 1f · All other contributions, gifts and grants

  $1,246,474

• 1g · Noncash contributions included above

  $250

• 3 · Investment income

  total $364,650 · excluded $364,650

• 7a · Gross sales of assets other than inventory

  securities $1,651,356

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

  securities $1,383,523

• 7c · Gain or loss

  securities $267,833

• 7d · Net gain or loss

  total $267,833 · excluded $267,833

• 8a · Fundraising events: gross income

  $18,212

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

  $82,338

• 8b · Fundraising events: direct expenses

  $26,397

• 8c · Net income from fundraising events

  total -$8,185 · excluded -$8,185

• 11a · Other revenue: OTHER ANCILLARY INCOME

  total $17,912 · excluded $17,912

• 11b · Other revenue: PARTNERSHIP INCOME

  total $647 · unrelated business $647

• 11e · Other revenue, total

  $18,559

Functional expenses

Part IX, the statement of functional expenses.

• 11f · Fees: investment management

  total $4,589 · program services $3,671 · management and general $918

• 11g · Fees: other

  total $263,935 · program services $211,148 · management and general $52,787

• 12 · Advertising and promotion

  total $54,355 · program services $54,355

• 13 · Office expenses

  total $14,929 · program services $11,943 · management and general $2,986

• 17 · Travel

  total $150 · program services $120 · management and general $30

• 19 · Conferences, conventions and meetings

  total $88,006 · program services $70,405 · management and general $17,601

• 24a · Other expenses: DUES & SUBSCRIPTIONS

  total $2,603 · program services $2,082 · management and general $521

• 24b · Other expenses: REPAIRS & MAINTENANCE

  total $227 · program services $179 · management and general $48

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,879,277 · end of year $6,725,692

• 2 · Savings and temporary cash investments

  beginning of year $6,190,128 · end of year $6,819,388

• 3 · Pledges and grants receivable

  beginning of year $167,550 · end of year $83,700

• 15 · Other assets

  beginning of year $285,170 · end of year $358,711

• 25 · Other liabilities

  beginning of year $2,448,881 · end of year $3,132,984

• 27 · Net assets without donor restrictions

  beginning of year $7,594,663 · end of year $9,040,511

• 28 · Net assets with donor restrictions

  beginning of year $1,478,581 · end of year $1,813,996

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

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

Related partnerships

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

• YALE NEW HAVEN HEALTH SYSTEM INVESTMENT TRUST

  INVESTMENT · DE

• YNHHSCUSP SURGERY CENTERS LLC

  HEALTHCARE SERVICES · CT

Related corporations and trusts

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

• CORPORATE PROFESSIONAL BUSINESS SERVICESINC

  C · MANAGEMENT SERVICES · CT · controlled entity

• GREENWICH FERTILITY & IVF PC

  C · HEALTHCARE SERVICES · CT · controlled entity

• GREENWICH OCCUPATIONAL HEALTH SERVICES OF NEW JERSEY

  C · HEALTHCARE SERVICES · NJ · controlled entity

• GREENWICH OCCUPATIONAL HEALTH SERVICES OF NY PC

  C · HEALTHCARE SERVICES · NY · controlled entity

• L & M SYSTEMS INC

  C · HEALTHCARE RELATED SERVICES · CT · controlled entity

• L&M HOME CARE SERVICES INC

  C · HOME THERAPY · CT · controlled entity

• MEDICAL CENTER PHARMACY AND HOME CARE CENTER INC

  C · PHARMACY · CT · controlled entity

• YALE NEW HAVEN AMBULATORY SERVICES

  C · HEALTHCARE SERVICES · CT · controlled entity

• YNHH-PHYSICIANS CORP

  C · ADMINISTRATIVE SERVICES · CT · controlled entity

• URGENT CARE MEDICAL ASSOCIATES OF MA LLC

  C · URGENT CARE SERVICES · MA · controlled entity

• URGENT CARE MEDICAL OF NEW YORK LLC

  C · URGENT CARE SERVICES · CT · controlled entity

• OAK CAPTIVE INCORPORATED PIC

  C · CAPTIVE INSURANCE · CJ · controlled entity