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Nonprofiteer
← KENMORE MERCY FOUNDATION INC

Form 990 for tax year 2023

Filed by KENMORE MERCY FOUNDATION INC.

Totals

Total revenue
$858,651
Total expenses
$796,017
Contributions and grants received
$780,971
Grants paid
$410,419
Program service revenue
$0
Investment income
$48,013
Other revenue
$29,667
Total assets, end of year
$4,361,685
Total liabilities, end of year
$81,727
Net assets or fund balances, end of year
$4,279,958
Program services expenses (Part IX)
$425,329
Management and general expenses
$141,606
Fundraising expenses
$229,082
Program service expenses (Part III)
$425,329

Program services were 53.4% 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

    $70,783

  • 1f · All other contributions, gifts and grants

    $710,188

  • 3 · Investment income

    total $65,166 · excluded $65,166

  • 7a · Gross sales of assets other than inventory

    securities $344,777

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

    securities $361,930

  • 7c · Gain or loss

    securities -$17,153

  • 7d · Net gain or loss

    total -$17,153 · excluded -$17,153

  • 8a · Fundraising events: gross income

    $91,562

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

    $70,783

  • 8b · Fundraising events: direct expenses

    $61,895

  • 8c · Net income from fundraising events

    total $29,667 · excluded $29,667

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $410,419 · program services $410,419

  • 5 · Compensation of officers, directors and key employees

    total $149,099 · program services $14,910 · management and general $29,820 · fundraising $104,369

  • 7 · Other salaries and wages

    total $128,184 · management and general $51,649 · fundraising $76,535

  • 9 · Other employee benefits

    total $28,212 · management and general $10,892 · fundraising $17,320

  • 10 · Payroll taxes

    total $9,799 · management and general $3,951 · fundraising $5,848

  • 11c · Fees: accounting

    total $9,650 · management and general $9,650

  • 11f · Fees: investment management

    total $17,287 · management and general $17,287

  • 11g · Fees: other

    total $1,404 · management and general $1,404

  • 12 · Advertising and promotion

    total $1,428 · fundraising $1,428

  • 13 · Office expenses

    total $487 · management and general $487

  • 17 · Travel

    total $1,047 · management and general $1,047

  • 19 · Conferences, conventions and meetings

    total $795 · management and general $795

  • 24a · Other expenses: DIRECT MAIL

    total $18,697 · fundraising $18,697

  • 24b · Other expenses: CONTRACTUAL

    total $8,263 · management and general $8,263

  • 24c · Other expenses: BAD DEBTS

    total $6,361 · management and general $6,361

  • 24d · Other expenses: DONOR RELATIONS/MEALS

    total $4,885 · fundraising $4,885

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $934,489 · end of year $58,607

  • 2 · Savings and temporary cash investments

    end of year $547,776

  • 3 · Pledges and grants receivable

    beginning of year $548,403 · end of year $897,736

  • 9 · Prepaid expenses and deferred charges

    beginning of year $195 · end of year $6,023

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

    $79,197

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

    $79,197

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $2,488,304 · end of year $2,848,493

  • 15 · Other assets

    beginning of year $4,419 · end of year $3,050

  • 25 · Other liabilities

    beginning of year $88,746 · end of year $81,727

  • 27 · Net assets without donor restrictions

    beginning of year $2,774,469 · end of year $2,716,015

  • 28 · Net assets with donor restrictions

    beginning of year $1,112,595 · end of year $1,563,943

Mission and programs · 2023

Mission

THE KENMORE MERCY HOSPITAL FOUNDATION IS A CHARITABLE, NOT-FOR-PROFIT 501( C) 3 CORPORATION WITH THE SOLE PURPOSE OF RAISING FUNDS FOR THE BENEFIT OF KENMORE MERCY HOSPITAL IN KENMORE, NY.

Activities or mission (Part I)

SEE MISSION IN SCHEDULE OTHE KENMORE MERCY HOSPITAL FOUNDATION IS A CHARITABLE, NOT-FOR-PROFIT 501( C) 3 CORPORATION WITH THE SOLE PURPOSE OF RAISING FUNDS FOR THE BENEFIT OF KENMORE MERCY HOSPITAL IN KENMORE, NY.

  • THE KENMORE MERCY FOUNDATION PROVIDED FUNDS FOR CAPITAL RENOVATIONS AND EQUIPMENT PURCHASES TO ENSURE THAT OUR CLINICAL CAREGIVERS HAVE ACCESS TO UP-TO-DATE FACILITIES AND STATE-OF-THE-ART TECHNOLOGY.

    Expenses $316,048 · Grants $316,048

  • THE KENMORE MERCY FOUNDATION PROVIDED FUNDING FOR STAFF EDUCATION, INCLUDING THE REIMBURSEMENT OF TRAVEL AND LODGING EXPENSES AT NATIONAL CONFERENCES. IN ADDITION, PROVIDED "LUNCH & LEARN" PROGRAMS TO BENEFIT THE STAFF. THE KENMORE MERCY FOUNDATION ALSO SERVED AS AN IMPORTANT VEHICLE FOR ASSOCIATE AWARDS AND RECOGNITION.

    Expenses $69,572 · Grants $69,572

  • THE KENMORE MERCY FOUNDATION PROVIDED FUNDING FOR HEALTHY ACTIVITIES AND CRITICAL PATIENT-FOCUSED PRIORITY PROJECTS/PROGRAMS FOR OUR COMMUNITY.

    Expenses $39,709 · Grants $39,709

As filed on the 2023 return.

Listed in Part VII

  • MARK A SULLIVAN

    PRESIDENT & CEO

    Total calculated
    $1,740,064
    From this org
    $0
    From related orgs
    $1,635,876
    Other
    $104,188
    Hours/week
    0 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $926,960 related
    Bonus
    $0
    Other
    $0 + $708,916 related
    Deferred
    $0 + $86,783 related
    Nontaxable benefits
    $0 + $17,405 related
    Filer's total
    $0 + $1,740,064 related

  • WALTER F LUDWIG

    PRESIDENT & CEO KMF

    Total calculated
    $432,051
    From this org
    $0
    From related orgs
    $370,404
    Other
    $61,647
    Hours/week
    0 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $349,597 related
    Bonus
    $0
    Other
    $0 + $20,807 related
    Deferred
    $0 + $44,872 related
    Nontaxable benefits
    $0 + $16,775 related
    Filer's total
    $0 + $432,051 related

  • DOROTHY FERGUSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 4 related

  • NICHOLAS SALVATORE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 4 related

  • DANIEL PAOLINI

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0 + 8 related

  • TODD J POTTER JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 4 related

  • DONALD M SLATE II MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 4 related

  • LEE ANN VOGT

    SECRETARY

    Total calculated
    $0
    Hours/week
    0 + 4 related

  • ANTHONY BH HABIB

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 4 related

  • MARK KELLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 4 related

  • RAYMOND P CRANE CPA

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0 + 4 related

  • SUSAN JANDZINSKI

    EXECUTIVE DIRECTOR

    Total calculated
    $149,093
    From this org
    $109,997
    From related orgs
    $0
    Other
    $39,096
    Hours/week
    55

  • MICHAEL GOUGH MD

    DIRECTOR

    Total calculated
    $508,471
    From this org
    $0
    From related orgs
    $460,553
    Other
    $47,918
    Hours/week
    0 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $459,904 related
    Bonus
    $0 + $25 related
    Other
    $0 + $624 related
    Deferred
    $0 + $24,533 related
    Nontaxable benefits
    $0 + $23,385 related
    Filer's total
    $0 + $508,471 related

  • MARK TILLMANNS

    TREASURER

    Total calculated
    $0
    Hours/week
    0 + 4 related

  • DAVID MINEO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 4 related

  • JAMES MILLARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 4 related

  • MICHAEL SZYMONIAK JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 4 related

  • JOYCE MARKIEWICZ

    CHIEF BUSINESS DEVELOPMENT OFFICER, PRESIDENT&CEO

    Total calculated
    $1,168,362
    From this org
    $0
    From related orgs
    $1,086,472
    Other
    $81,890
    Hours/week
    0 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $970,344 related
    Bonus
    $0 + $25 related
    Other
    $0 + $116,103 related
    Deferred
    $0 + $64,816 related
    Nontaxable benefits
    $0 + $17,074 related
    Filer's total
    $0 + $1,168,362 related

  • RYAN SCHULTZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 4 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

  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 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 4A
SEVERANCE PAYMENTS WERE MADE TO: MARK SULLIVAN $330,113
PART II COLUMN C:
THE CHANGE IN PRESENT VALUE SHOWN FOR EACH PARTICIPANT REPRESENTS THE CHANGE IN THE ACTUARIAL VALUE OF THE ACCRUED BENEFIT, WHETHER OR NOT FUNDED, VESTED OR SUBJECT TO SUBSTANTIAL RISK OF FORFEITURE. NOTE THAT THE CHANGE IN PRESENT VALUE IS PARTLY DUE TO CHANGES IN THE DISCOUNT RATE AND, FOR THOSE ACCRUING UNDER THE CASH BALANCE FORMULA, THE ASSUMPTIONS FOR FUTURE CASH BALANCE INTEREST CREDITING RATES AND FACTORS APPLICABLE TO ANNUITY CONVERSIONS.

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
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202423169349303587

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