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Nonprofiteer
← FOUNDATION FOR COMMUNITY HEALTH INC

Form 990 for tax year 2023

Filed by FOUNDATION FOR COMMUNITY HEALTH INC.

Totals

Total revenue
$466,024
Total expenses
$1,691,861
Contributions and grants received
$0
Grants paid
$796,290
Program service revenue
$0
Investment income
$466,024
Other revenue
$0
Total assets, end of year
$36,539,410
Total liabilities, end of year
$95,854
Net assets or fund balances, end of year
$36,443,556
Program services expenses (Part IX)
$1,338,932
Management and general expenses
$352,929
Fundraising expenses
$0
Program service expenses (Part III)
$1,338,932

Program services were 79.1% 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.

  • 3 · Investment income

    total $401,661 · excluded $401,661

  • 7a · Gross sales of assets other than inventory

    securities $1,726,076

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

    securities $1,661,713

  • 7c · Gain or loss

    securities $64,363

  • 7d · Net gain or loss

    total $64,363 · excluded $64,363

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $796,290 · program services $796,290

  • 5 · Compensation of officers, directors and key employees

    total $250,318 · program services $175,222 · management and general $75,096

  • 7 · Other salaries and wages

    total $221,705 · program services $155,194 · management and general $66,511

  • 8 · Pension plan contributions

    total $18,415 · program services $12,890 · management and general $5,525

  • 9 · Other employee benefits

    total $30,455 · program services $21,319 · management and general $9,136

  • 10 · Payroll taxes

    total $32,016 · program services $22,411 · management and general $9,605

  • 11c · Fees: accounting

    total $20,055 · management and general $20,055

  • 11f · Fees: investment management

    total $114,644 · management and general $114,644

  • 11g · Fees: other

    total $29,914 · program services $20,940 · management and general $8,974

  • 13 · Office expenses

    total $12,493 · program services $8,745 · management and general $3,748

  • 14 · Information technology

    total $33,463 · program services $23,424 · management and general $10,039

  • 16 · Occupancy

    total $36,959 · program services $25,871 · management and general $11,088

  • 17 · Travel

    total $9,157 · program services $6,410 · management and general $2,747

  • 19 · Conferences, conventions and meetings

    total $15,062 · program services $10,543 · management and general $4,519

  • 22 · Depreciation, depletion and amortization

    total $19,441 · program services $13,609 · management and general $5,832

  • 24a · Other expenses: PROGRAM EXPENSES

    total $33,442 · program services $33,442

  • 24b · Other expenses: EQUIPMENT RENTAL AND MA

    total $9,292 · program services $6,504 · management and general $2,788

  • 24c · Other expenses: STAFF DEVELOPMENT

    total $6,376 · program services $4,463 · management and general $1,913

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $743 · program services $520 · management and general $223

  • 24e · All other expenses

    total $1,621 · program services $1,135 · management and general $486

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $104,470 · end of year $134,961

  • 4 · Accounts receivable

    beginning of year $14,949 · end of year $13,232

  • 9 · Prepaid expenses and deferred charges

    end of year $2,791

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

    $91,206

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

    $38,212

  • 10c · Land, buildings and equipment, net

    beginning of year $53,918 · end of year $52,994

  • 15 · Other assets

    beginning of year $32,438,471 · end of year $36,335,432

  • 17 · Accounts payable and accrued expenses

    beginning of year $226,884 · end of year $95,854

  • 27 · Net assets without donor restrictions

    beginning of year $21,595,557 · end of year $23,238,766

  • 28 · Net assets with donor restrictions

    beginning of year $10,789,367 · end of year $13,204,790

Mission and programs · 2023

Mission

TO MAINTAIN AND IMPROVE THE PHYSICAL AND MENTAL HEALTH OF ALL RESIDENTS OF THE AREA HISTORICALLY SERVED BY SHARON HOSPITAL INC.

  • IMPROVE THE PHYSICAL AND MENTAL HEALTH OF ALL RESIDENTS OF THE AREA HISTORICALLY SERVED BY SHARON HOSPITAL.

    Expenses $1,338,932 · Grants $796,290 · Revenue $39,062

As filed on the 2023 return.

Listed in Part VII

  • CEELY ACKERMAN

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • CHRISTIAN ALLYN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR JOHN P CHARDE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR MUSTAFA UGURLU

    OUTGOING DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • FELICIA JONES

    OUTGOING DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HILA RICHARDSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JANE WATERS

    OUTGOING DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KARREN GARRITY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KATTY BRENNAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MIRIAM TANNEN

    OUTGOING CHAIR

    Total calculated
    $0
    Hours/week
    1

  • PETER HALLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • REV AJ STACK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • THOMAS QUINN

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • JILL FIELDSTEIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ZACH MCCLAIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NANCY HEATON

    CEO

    Total calculated
    $250,318
    From this org
    $226,366
    From related orgs
    $0
    Other
    $23,952
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $226,366
    Bonus
    $0
    Other
    $0
    Deferred
    $15,302
    Nontaxable benefits
    $8,650
    Filer's total
    $250,318

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 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
3 October 2024
IRS schema version
2023v5.1
Source object
202412819349300601

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