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← AGRACE HOSPICECARE FOUNDATION INCORPORATED

Form 990 for tax year 2024

Filed by AGRACE HOSPICECARE FOUNDATION INCORPORATED.

Totals

Total revenue
$10,675,294
Total expenses
$6,133,875
Contributions and grants received
$9,435,218
Grants paid
$4,152,746
Program service revenue
$0
Investment income
$659,490
Other revenue
$580,586
Total assets, end of year
$110,812,453
Total liabilities, end of year
$3,072,467
Net assets or fund balances, end of year
$107,739,986
Program services expenses (Part IX)
$4,152,746
Management and general expenses
$1,382,720
Fundraising expenses
$598,409
Program service expenses (Part III)
$4,152,746

Program services were 67.7% 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

    $261,518

  • 1d · Related organizations

    $5,950,000

  • 1f · All other contributions, gifts and grants

    $3,223,700

  • 1g · Noncash contributions included above

    $106,145

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $145,200 · unrelated business -$3,251 · excluded $148,451

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $23,355,699

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

    securities $22,841,409

  • 7c · Gain or loss

    securities $514,290 · other assets $0

  • 7d · Net gain or loss

    total $514,290 · excluded $514,290

  • 8a · Fundraising events: gross income

    $177,392

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

    $261,518

  • 8b · Fundraising events: direct expenses

    $90,372

  • 8c · Net income from fundraising events

    total $87,020 · excluded $87,020

  • 9a · Gaming: gross income

    $2,817

  • 9b · Gaming: direct expenses

    $2,778

  • 9c · Net income from gaming

    total $39 · excluded $39

  • 10a · Gross sales of inventory

    $2,642,003

  • 10b · Cost of goods sold

    $2,148,476

  • 10c · Net income from sales of inventory

    total $493,527 · excluded $493,527

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,152,746 · program services $4,152,746

  • 7 · Other salaries and wages

    total $1,153,711 · management and general $725,766 · fundraising $427,945

  • 8 · Pension plan contributions

    total $30,164 · management and general $18,975 · fundraising $11,189

  • 9 · Other employee benefits

    total $197,350 · management and general $124,147 · fundraising $73,203

  • 10 · Payroll taxes

    total $83,124 · management and general $52,291 · fundraising $30,833

  • 11c · Fees: accounting

    total $24,649 · management and general $24,649

  • 11f · Fees: investment management

    total $252,426 · management and general $252,426

  • 11g · Fees: other

    total $74,686 · program services $0 · management and general $61,833 · fundraising $12,853

  • 12 · Advertising and promotion

    total $79,884 · management and general $69,549 · fundraising $10,335

  • 13 · Office expenses

    total $30,736 · management and general $20,365 · fundraising $10,371

  • 14 · Information technology

    total $23,721 · management and general $23,721

  • 17 · Travel

    total $8,593 · management and general $3,246 · fundraising $5,347

  • 19 · Conferences, conventions and meetings

    total $6,322 · management and general $5,752 · fundraising $570

  • 24a · Other expenses: Donation development

    total $15,763 · fundraising $15,763

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $582,105 · end of year $931,236

  • 3 · Pledges and grants receivable

    beginning of year $4,389,528 · end of year $3,027,982

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $91,636 · end of year $86,214

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $82,383,052 · end of year $97,032,837

  • 12 · Investments: other securities

    beginning of year $5,494,714 · end of year $7,035,063

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $2,987,596 · end of year $2,699,121

  • 17 · Accounts payable and accrued expenses

    beginning of year $78,707 · end of year $100,361

  • 19 · Deferred revenue

    beginning of year $8,500 · end of year $13,500

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $3,405,232 · end of year $2,958,606

  • 27 · Net assets without donor restrictions

    beginning of year $76,474,428 · end of year $90,465,367

  • 28 · Net assets with donor restrictions

    beginning of year $15,961,764 · end of year $17,274,619

Mission and programs · 2024

Mission

The Agrace HospiceCare Foundation, Inc.'s mission is to develop, steward and distribute charitable gifts from the community to improve quality of life for patients and families throughout serious illness. (CONTINUED ON SCHEDULE O)

Activities or mission (Part I)

THE AGRACE HOSPICECARE FOUNDATION, INC.'S MISSION IS TO DEVELOP, STEWARD AND DISTRIBUTE CHARITABLE GIFTS FROM THE COMMUNITY (CONTINUED ON SCHEDULE O)

  • Dementia Support Programs: Agrace offers several programs that teach and guide people who are living with dementia and their families. These programs include Dementia Care Consultations, our "Learning to Live with Dementia" education series, and daytime care for seniors with memory loss/dementia. Community support is vital to sustain these programs and keep fees low, so more families can learn how to navigate dementia with compassion and confidence. Clinical Advancement: Agrace supports the professional growth and development of our staff through several types of advancement opportunities. These include earning credentials and certifications for their roles and completing specialized training programs that can help them provide the best possible care to our patients and clients. With the support of generous community donors, we can also offer scholarships, mentorship, and a variety of unique learning experiences that enrich our staff's professional abilities. Patient Wish and Essential Needs Fund: This fund helps Agrace bring comfort, joy, and dignity to hospice patients by fulfilling meaningful wishes. Their wish may be to achieve a lifelong dream, a final desire, or something a patient could not afford but will improve their quality of life. Since 2010, Agrace has granted more than 225 wishes for our hospice patients. The fund also supports essential needs like gas cards, groceries, and communication devices for families. Additionally, it covers the costs for the Agrace staff to prepare and deliver holiday meals for our in-home patients and their families. This gift makes celebrating easier for families facing very challenging times.

    Expenses $3,092,936 · Grants $3,092,936

  • CARE FOR ALL (CHARITY CARE): EACH YEAR, DOZENS OF OUR NEIGHBORS WHO CANNOT AFFORD HOSPICE, PALLIATIVE CARE, Age at Home, or the Adult DAy Center RECEIVE SERVICES AT NO COST THROUGH AGRACE'S "CARE FOR ALL" PROGRAM, funded by the Care for All endowment. Through the Care for All Program, WE SERVE SOME OF OUR MOST VULNERABLE COMMUNITY MEMBERS-CHILDREN AND YOUNG ADULTS WITH NO INSURANCE, SENIORS WITHOUT CAREGIVERS, INDIVIDUALS LACKING SAFE HOUSING, AND THOSE WITH SPECIAL NEEDS. While Medicare, Medicaid, and private health insurance cover the cost of basic hospice services for most patients, an increasing number of people in southern Wisconsin do not have enough insurance coverage for hospice when they need it. Since 2015, Agrace's Care for All program has funded care for over 600 patients, 102 of them were served in 2024 alone.

    Expenses $655,489 · Grants $655,489

  • COMMUNITY GRIEF SERVICES: EVERY YEAR, THOUSANDS OF PEOPLE, INCLUDING CHILDREN, GET SUPPORT FROM AGRACE'S SPIRITUAL & GRIEF SERVICES TO HELP THEM COPE WITH THE DEATH OF A LOVED ONE. ALTHOUGH GRIEF SUPPORT IS REQUIRED BY STATE AND FEDERAL REGULATIONS, IT IS NOT COVERED BY MEDICARE, MEDICAID, OR PRIVATE INSURANCE. COMMUNITY DONATIONS ENABLE US TO OFFER SPECIALIZED GRIEF SUPPORT THAT IS OPEN TO EVERYONE. THE FOUNDATION ALSO SUPPORTS Agrace's free-standing GRIEF SUPPORT CENTER which HAS ALLOWED US TO EXPAND OUR PROGRAM AND SERVE MANY MORE PEOPLE. In 2024, Agrace's Community Grief Program supported 170 students in 46 schools. More than 350 individuals found support through one-on-one counseling sessions, workshops, or support groups.

    Expenses $404,321 · Grants $404,321

As filed on the 2024 return.

Listed in Part VII

  • Lynne Sexten

    President / CEO

    Total calculated
    $924,095
    From this org
    $0
    From related orgs
    $866,820
    Other
    $57,275
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $500,168 related
    Bonus
    $0 + $277,383 related
    Other
    $0 + $89,269 related
    Deferred
    $0 + $40,800 related
    Nontaxable benefits
    $0 + $16,475 related
    Filer's total
    $0 + $924,095 related

  • Mary Bonte Spath

    Chair

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Sheila Boothby Stevens

    Secretary & Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Terry Murawski

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Bernard McCracken

    Director

    Total calculated
    $0
    Hours/week
    1

  • Bill Schendt

    Director - Until 12/2024

    Total calculated
    $0
    Hours/week
    1

  • Carol Koby

    Director - Until 3/2024

    Total calculated
    $0
    Hours/week
    1

  • Casey FitzRandolph

    Director

    Total calculated
    $0
    Hours/week
    1

  • Derrick Smith

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dr Willie Larkin

    Director

    Total calculated
    $0
    Hours/week
    1

  • Gary Gussel

    Director

    Total calculated
    $0
    Hours/week
    1

  • Judith Martinez

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kathy Pline

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mark Pent

    Director

    Total calculated
    $0
    Hours/week
    1

  • Scott Truehl

    Director

    Total calculated
    $0
    Hours/week
    1

  • Susan Schmitz

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tanika Apaloo

    Director

    Total calculated
    $0
    Hours/week
    1

  • Travis Hamele

    Director - Beginning 4/2024

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Maurer

    Executive VP and Chief Financial Officer

    Total calculated
    $463,574
    From this org
    $0
    From related orgs
    $433,657
    Other
    $29,917
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $323,922 related
    Bonus
    $0 + $105,355 related
    Other
    $0 + $4,380 related
    Deferred
    $0 + $16,800 related
    Nontaxable benefits
    $0 + $13,117 related
    Filer's total
    $0 + $463,574 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
THE ORGANIZATION RELIED ON AGRACE HOSPICECARE, A RELATED TAX-EXEMPT ORGANIZATION, TO DETERMINE THE COMPENSATION OF ITS OTHER OFFICERS AND KEY EMPLOYEES. BELOW IS THE PROCESS USED BY AGRACE HOSPICECARE FOR DETERMINING COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL. EACH YEAR THE ORGANIZATION GATHERS MARKET DATA FOR DETERMINING COMPENSATION OF THE CHIEF EXECUTIVE OFFICER. THIS INCLUDES BENCHMARKS OF NATIONAL, REGIONAL, AND LOCAL COMPENSATION THAT ARE PROVIDED FROM INDEPENDENT COMPENSATION SURVEYS. THE VP, HUMAN RESOURCES PRESENTS THIS INFORMATION TO THE EXECUTIVE COMMITTEE OF THE BOARD, ALONG WITH PERTINENT 990 COMPENSATION REPORTING BY SIMILAR SIZED NON-PROFIT HOSPICES BASED ON THIS INFORMATION, THE EXECUTIVE COMMITTEE SETS AND APPROVES THE COMPENSATION PACKAGE FOR THE CHIEF EXECUTIVE OFFICER FOR THE YEAR AND CONTEMPORANEOUSLY DOCUMENTS THEIR APPROVAL IN WRITING. THIS PROCESS OCCURS ANNUALLY IN FEBRUARY.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
Lynne Sexten participated in a 457(f) plan. A distribution of $63,690 was made from the plan during 2024. A contribution in the amount of $27,000 was made to the plan during 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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related corporations and trusts

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

  • CHARITABLE REMAINDER ANNUITY TRUST (1)

    Trust · DISTRIBUTION OF CHARITABLE TRUST ASSETS TO BENEFICIARIES · WI

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
1 November 2025
IRS schema version
2024v5.1
Source object
202533059349300413

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