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Nonprofiteer
← HOSPITAL FOR SPECIAL CARE FOUNDATION INC

Form 990 for tax year 2023

Filed by HOSPITAL FOR SPECIAL CARE FOUNDATION INC.

Totals

Total revenue
$1,714,443
Total expenses
$1,012,064
Contributions and grants received
$772,064
Grants paid
$508,273
Program service revenue
$0
Investment income
$731,936
Other revenue
$210,443
Total assets, end of year
$17,163,999
Total liabilities, end of year
$560,036
Net assets or fund balances, end of year
$16,603,963
Program services expenses (Part IX)
$508,273
Management and general expenses
$43,736
Fundraising expenses
$460,055
Program service expenses (Part III)
$508,273

Program services were 50.2% 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

    $772,064

  • 1g · Noncash contributions included above

    $137,439

  • 3 · Investment income

    total $622,684 · excluded $622,684

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $109,252

  • 7c · Gain or loss

    securities $109,252

  • 7d · Net gain or loss

    total $109,252 · excluded $109,252

  • 8a · Fundraising events: gross income

    $285,197

  • 8b · Fundraising events: direct expenses

    $74,754

  • 8c · Net income from fundraising events

    total $210,443 · excluded $210,443

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $508,273 · program services $508,273

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $16,726 · management and general $16,726

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $312,670 · fundraising $312,670

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $76,063 · management and general $6,085 · fundraising $69,978

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $4,663 · fundraising $4,663

  • 11c · Fees: accounting

    total $2,000 · fundraising $2,000

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $22,500 · fundraising $22,500

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $17,816 · management and general $2,316 · fundraising $15,500

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $5 · management and general $5

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $468 · fundraising $468

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: All Other Expenses

    total $20,433 · management and general $446 · fundraising $19,987

  • 24b · Other expenses: Printing & Publications

    total $12,289 · fundraising $12,289

  • 24c · Other expenses: Bank Fees

    total $10,151 · management and general $10,151

  • 24d · Other expenses: Donor Relations

    total $8,007 · management and general $8,007

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $516,131 · end of year $1,223,356

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $74,567 · end of year $52,347

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $696 · end of year $16,905

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $13,847,284 · end of year $15,871,391

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $984 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,242 · end of year $216

  • 19 · Deferred revenue

    beginning of year $55,952 · end of year $72,689

  • 25 · Other liabilities

    beginning of year $164,608 · end of year $487,131

  • 27 · Net assets without donor restrictions

    beginning of year $5,630,670 · end of year $7,322,542

  • 28 · Net assets with donor restrictions

    beginning of year $8,584,190 · end of year $9,281,421

Mission and programs · 2023

Mission

THE HOSPITAL FOR SPECIAL CARE FOUNDATION, INC. OPERATES EXCLUSIVELY FOR THE BENEFIT OF HOSPITAL FOR SPECIAL CARE & ITS AFFILIATES BY SOLICITING & RECEIVING CONTRIBUTIONS GRANTS, DONATIONS, BEQUESTS AND FUNDRAISING. THE FOUNDATION ALSO ACCEPTS, HOLD, INVESTS, & ADMINSTERS ANY OF THE ABOVE MENTIONED & MAKES DISTRIBUTIONS IN FURTHERANCE OF THE MISSION OF THE HOSPITAL AND ITS AFFILIATES.

  • FUNDRAISING PROGRAMS: HOSPITAL FOR SPECIAL CARE FOUNDATION, INC.RAISES FUNDS FOR THE CENTER OF SPECIAL CARE, INC. AND AFFILIATES. THEIR CONTRIBUTIONS SUPPORT PATIENT NEEDS, CHILDREN AND ADULTS WITH SPECIAL HEALTH NEEDS, AND SOCIAL AND RECREATIONAL NEEDS OF PATIENTS AND THE COMMUNITY.

    Expenses $508,273

As filed on the 2023 return.

Listed in Part VII

  • Felicia Dedominicis

    Fmr Secretary

    Total calculated
    $1,200,996
    From this org
    $1,694
    From related orgs
    $1,171,762
    Other
    $27,540
    Hours/week
    0.8 + 39.2 related

    Schedule J breakdown matched by us

    Base
    $1,694 + $316,674 related
    Bonus
    not reported + $25,370 related
    Other
    not reported + $829,718 related
    Deferred
    not reported + $6,100 related
    Nontaxable benefits
    $147 + $21,293 related
    Filer's total
    $1,841 + $1,199,155 related

  • Lynn Ricci FACHE

    President & CEO

    Total calculated
    $912,285
    From this org
    $8,935
    From related orgs
    $884,320
    Other
    $19,030
    Hours/week
    1.2 + 38.6 related

    Schedule J breakdown matched by us

    Base
    $8,935 + $630,536 related
    Bonus
    not reported + $71,120 related
    Other
    not reported + $182,664 related
    Deferred
    not reported + $6,100 related
    Nontaxable benefits
    $266 + $12,664 related
    Filer's total
    $9,201 + $903,084 related

  • Laurie Rudman

    Treasurer

    Total calculated
    $450,946
    From this org
    $6,833
    From related orgs
    $409,009
    Other
    $35,104
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $6,833 + $377,779 related
    Bonus
    not reported + $29,215 related
    Other
    not reported + $2,015 related
    Deferred
    not reported + $6,100 related
    Nontaxable benefits
    $624 + $28,380 related
    Filer's total
    $7,457 + $443,489 related

  • Wendy DeAngelo Fuchs

    Fmr VP, Development

    Total calculated
    $254,463
    From this org
    $123,367
    From related orgs
    $108,753
    Other
    $22,343
    Hours/week
    23 + 17 related

    Schedule J breakdown matched by us

    Base
    $123,367 + $89,335 related
    Bonus
    not reported + $18,729 related
    Other
    not reported + $689 related
    Deferred
    not reported + $4,205 related
    Nontaxable benefits
    $10,519 + $7,619 related
    Filer's total
    $133,886 + $120,577 related

  • Megan McGovern Esq

    Secretary

    Total calculated
    $12,693
    From this org
    $68
    From related orgs
    $12,625
    Other
    $0
    Hours/week
    0.8 + 39.2 related

  • Tracey McKaveney CPA

    Board Member

    Total calculated
    $0
    Hours/week
    0.06 + 0.23 related

  • Diane R Chace Esq

    Board Member

    Total calculated
    $0
    Hours/week
    0.06

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 committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 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

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
16 December 2024
IRS schema version
2023v5.1
Source object
202443519349301429

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