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Nonprofiteer
← WATERBURY HOSPITAL FOUNDATION INC

Form 990 for tax year 2025

Filed by WATERBURY HOSPITAL FOUNDATION INC.

Totals

Total revenue
$861,597
Total expenses
$446,405
Contributions and grants received
$347,543
Grants paid
$112,505
Program service revenue
$0
Investment income
$514,054
Other revenue
$0
Total assets, end of year
$20,214,864
Total liabilities, end of year
$30,000
Net assets or fund balances, end of year
$20,184,864
Program services expenses (Part IX)
$112,505
Management and general expenses
$333,900
Fundraising expenses
$0
Program service expenses (Part III)
$112,505

Program services were 25.2% 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.

  • 1f · All other contributions, gifts and grants

    $347,543

  • 3 · Investment income

    total $515,326 · excluded $515,326

  • 7a · Gross sales of assets other than inventory

    securities $77,207

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

    securities $78,479

  • 7c · Gain or loss

    securities -$1,272

  • 7d · Net gain or loss

    total -$1,272 · excluded -$1,272

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $112,505 · program services $112,505

  • 11b · Fees: legal

    total $714 · management and general $714

  • 11f · Fees: investment management

    total $9,090 · management and general $9,090

  • 14 · Information technology

    total $71 · management and general $71

  • 19 · Conferences, conventions and meetings

    total $100 · management and general $100

  • 23 · Insurance

    total $1,753 · management and general $1,753

  • 24a · Other expenses: MANAGEMENT FEE

    total $322,172 · management and general $322,172

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $48,908 · end of year $45,402

  • 11 · Investments: publicly traded securities

    beginning of year $17,245,401 · end of year $20,169,462

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,000 · end of year $30,000

  • 27 · Net assets without donor restrictions

    beginning of year $17,271,309 · end of year $20,184,864

Mission and programs · 2025

Mission

THE FOUNDATION FACILITATES EQUITABLE ACCESS TO HEALTHCARE SERVICES FOR THE GREATER WATERBURY COMMUNITY. OUR FOUNDING PRINCIPLES ARE TO PROVIDE FOR THE HEALTHCARE NEEDS (INCLUDING MEDICAL EQUIPMENT AND EXPENSES) OF THE 13-TOWN GREATER WATERBURY COMMUNITY; TO PROTECT AND STEWARD CHARITABLE ASSETS; TO SUPPORT AND ENGAGE IN COMMUNITY PROJECTS, GRANTS, ACTIVITIES AND PROGRAMS THAT IMPROVE ACCESS TO HEALTHCARE AND ENHANCE THE HEALTH OF GREATER WATERBURY'S COMMUNITY, INCLUDING PREVENTATIVE HEALTH PROGRAMS; AND TO PROVIDE HEALTH EDUCATION AND TRAINING OF HEALTHCARE PROVIDERS AND EDUCATORS IN THE COMMUNITIES.

Activities or mission (Part I)

FACILITATE EQUITABLE ACCESS TO HEALTHCARE SERVICES FOR THE GREATER WATERBURY COMMUNITY.

  • TO PROVIDE FOR HEALTHCARE NEEDS OF THE GREATER WATERBURY AREA AND TO SUPPORT OR CONDUCT COMMUNITY HEALTH NEEDS, ASSESSMENTS, AND ENCOURAGE AND SUPPORT EFFECTS TO CHARITABLE IMPROVE THE HEALTH OF THE COMMUNITY.

    Expenses $112,505 · Grants $112,505

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • KATHY TAYLOR

    PRESIDENT & CEO

    Total calculated
    $266,995
    From this org
    $0
    From related orgs
    $207,843
    Other
    $59,152
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $207,843 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $23,500 related
    Nontaxable benefits
    $0 + $35,652 related
    Filer's total
    $0 + $266,995 related

  • BARBARA RYER

    DIRECTOR OF FINANCE & ADMIN

    Total calculated
    $173,639
    From this org
    $0
    From related orgs
    $151,346
    Other
    $22,293
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $151,346 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $18,200 related
    Nontaxable benefits
    $0 + $4,093 related
    Filer's total
    $0 + $173,639 related

  • ELLEN CARTER

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • STEVEN SCHNEIDER

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • TONI HIRST

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • ELNER MORRELL

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • PRATTE AMANDA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ALTHEA MARSHALL BROOKS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • TERESA RANGEL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARCIA TEJEDA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DANYTZA WARD

    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, 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)

PART I, LINE 3
THE BOARD OF TRUSTEES SHALL ANNUALLY REVIEW THE SALARY AND BENEFIT STRUCTURE IN CONJUNCTION WITH THE ANNUAL PERFORMANCE REVIEW FOR THE PRESIDENT & CEO. THE PRESIDENT & CEO IS AUTHORIZED TO ESTABLISH THE SALARIES AND BENEFIT STRUCTURE FOR ALL OTHER EMPLOYEES. TRUSTEES SHALL NOT RECEIVE ANY COMPENSATION FOR THEIR SERVICES AS TRUSTEES. THE PRESIDENT & CEO ANNUALLY RECOMMENDS TOTAL COMPENSATION INCLUDING ALL BENEFITS AND CONTINGENCY FUNDS FOR SALARY INCREASES AND BONUSES FOR EMPLOYEES TO THE BOARD OF TRUSTEES AS PART OF THE OPERATING BUDGET APPROVAL PROCESS. AT LEAST EVERY TWO YEARS, THE PRESIDENT & CEO SHALL PERIODICALLY REVIEW COMPARABLE COMPENSATION DATA FOR ALL STAFF MEMBERS AND REPORT FINDINGS TO THE EXECUTIVE COMMITTEE. THE DATA MAY INCLUDE BUT IS NOT LIMITED TO COMMUNITY FOUNDATION SURVEYS NATIONWIDE, CHAMBERS OF COMMERCE AND LOCAL UNITED WAYS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024.

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

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
2025
Filed
22 June 2026
IRS schema version
2025v4.2
Source object
202631879349300118

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