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Nonprofiteer
← EDWARD FOUNDATION

Form 990 for tax year 2024

Filed by EDWARD FOUNDATION.

Totals

Total revenue
$2,443,736
Total expenses
$4,679,548
Contributions and grants received
$1,935,769
Grants paid
$4,494,200
Program service revenue
$0
Investment income
$846,986
Other revenue
-$339,019
Total assets, end of year
$14,079,927
Total liabilities, end of year
$1,391,980
Net assets or fund balances, end of year
$12,687,947
Program services expenses (Part IX)
$4,494,200
Management and general expenses
$185,348
Fundraising expenses
$0
Program service expenses (Part III)
$4,494,200

Program services were 96.0% 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

    $1,014,703

  • 1f · All other contributions, gifts and grants

    $921,066

  • 1g · Noncash contributions included above

    $73,201

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $331,510 · excluded $331,510

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $515,476

  • 7c · Gain or loss

    securities $515,476 · other assets $0

  • 7d · Net gain or loss

    total $515,476 · excluded $515,476

  • 8a · Fundraising events: gross income

    $153,603

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

    $1,014,703

  • 8b · Fundraising events: direct expenses

    $492,622

  • 8c · Net income from fundraising events

    total -$339,019 · excluded -$339,019

  • 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 $4,390,935 · program services $4,390,935

  • 2 · Grants to domestic individuals

    total $103,265 · program services $103,265

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 11f · Fees: investment management

    total $16,452 · management and general $16,452

  • 11g · Fees: other

    total $13,326 · program services $0 · management and general $13,326 · fundraising $0

  • 12 · Advertising and promotion

    total $18,949 · management and general $18,949

  • 13 · Office expenses

    total $72,531 · management and general $72,531

  • 17 · Travel

    total $208 · management and general $208

  • 24a · Other expenses: Dues, subscriptions, and licenses

    total $63,882 · management and general $63,882

  • 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 $1,402,896 · end of year $503

  • 3 · Pledges and grants receivable

    beginning of year $185,100 · end of year $267,600

  • 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

  • 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 $12,239,945 · end of year $13,673,536

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $825,215 · end of year $138,288

  • 17 · Accounts payable and accrued expenses

    beginning of year $128,853 · end of year $37,838

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $169,561 · end of year $1,354,142

  • 27 · Net assets without donor restrictions

    beginning of year $10,780,103 · end of year $10,197,360

  • 28 · Net assets with donor restrictions

    beginning of year $3,574,639 · end of year $2,490,587

Mission and programs · 2024

Mission

SEE SCHEDULE O

Activities or mission (Part I)

EDWARD FOUNDATION FOLLOWS THE MISSION OF ENDEAVOR HEALTH TO "HELP EVERYONE IN OUR COMMUNITIES BE THEIR BEST."

  • For more than 30 years, Edward Foundation has engaged the power of philanthropy to improve the health of the community by fulfilling the mission of care at Endeavor Health Edward Hospital, Endeavor Health Plainfield campus and Endeavor Health Linden Oaks Hospital - Behavioral Health.

    Expenses $4,494,200 · Grants $4,494,200

As filed on the 2024 return.

Listed in Part VII

  • Bill Mitchell

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Louis Sands

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Yvette Saba

    President, Edward Hospital

    Total calculated
    $885,532
    From this org
    $0
    From related orgs
    $766,054
    Other
    $119,478
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $492,593 related
    Bonus
    $0 + $182,290 related
    Other
    $0 + $91,171 related
    Deferred
    $0 + $99,142 related
    Nontaxable benefits
    $0 + $20,336 related
    Filer's total
    $0 + $885,532 related

  • Alice Chin

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Daryl Wilson

    Trustee

    Total calculated
    $530,025
    From this org
    $0
    From related orgs
    $472,863
    Other
    $57,162
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $470,241 related
    Bonus
    $0
    Other
    $0 + $2,622 related
    Deferred
    $0 + $20,700 related
    Nontaxable benefits
    $0 + $36,462 related
    Filer's total
    $0 + $530,025 related

  • David Yeh

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Gail Niermeyer

    Trustee (until 6/30/24)

    Total calculated
    $0
    Hours/week
    1

  • James Lengemann

    Trustee (until 6/30/24)

    Total calculated
    $577,517
    From this org
    $0
    From related orgs
    $527,173
    Other
    $50,344
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $442,792 related
    Bonus
    $0 + $81,559 related
    Other
    $0 + $2,822 related
    Deferred
    $0 + $20,700 related
    Nontaxable benefits
    $0 + $29,644 related
    Filer's total
    $0 + $577,517 related

  • Leigh Anne Kazma

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mina Setork

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Oriana Lee Van Someren

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Peter V Krug Jr

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Rick Anderson

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Ryan Kubacki

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Thomas Caplis

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Zareen Hassan

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Douglas D Welday

    System Treasurer and CFO

    Total calculated
    $2,184,620
    From this org
    $0
    From related orgs
    $1,854,234
    Other
    $330,386
    Hours/week
    1 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $976,106 related
    Bonus
    $0 + $398,335 related
    Other
    $0 + $479,793 related
    Deferred
    $0 + $303,146 related
    Nontaxable benefits
    $0 + $27,240 related
    Filer's total
    $0 + $2,184,620 related

  • Gerald P Gallagher

    System President & CEO

    Total calculated
    $5,191,626
    From this org
    $0
    From related orgs
    $3,559,263
    Other
    $1,632,363
    Hours/week
    1 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $2,140,745 related
    Bonus
    $0 + $1,368,001 related
    Other
    $0 + $50,517 related
    Deferred
    $0 + $1,594,714 related
    Nontaxable benefits
    $0 + $37,649 related
    Filer's total
    $0 + $5,191,626 related

  • Jason Ogden

    Treasurer

    Total calculated
    $471,101
    From this org
    $0
    From related orgs
    $424,107
    Other
    $46,994
    Hours/week
    1 + 47 related

    Schedule J breakdown matched by us

    Base
    $0 + $329,051 related
    Bonus
    $0 + $93,519 related
    Other
    $0 + $1,537 related
    Deferred
    $0 + $20,700 related
    Nontaxable benefits
    $0 + $26,294 related
    Filer's total
    $0 + $471,101 related

  • Shivani Bautista

    System Chief Legal Officer/Secretary

    Total calculated
    $1,224,623
    From this org
    $0
    From related orgs
    $803,024
    Other
    $421,599
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $571,083 related
    Bonus
    $0 + $230,380 related
    Other
    $0 + $1,561 related
    Deferred
    $0 + $388,155 related
    Nontaxable benefits
    $0 + $33,444 related
    Filer's total
    $0 + $1,224,623 related

  • Brett Skeen

    Executive Director, Edward Foundation

    Total calculated
    $258,560
    From this org
    $0
    From related orgs
    $235,437
    Other
    $23,123
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $195,729 related
    Bonus
    $0 + $35,111 related
    Other
    $0 + $4,597 related
    Deferred
    $0 + $14,126 related
    Nontaxable benefits
    $0 + $8,997 related
    Filer's total
    $0 + $258,560 related

  • Chris J Mollet

    Former Officer

    Total calculated
    $828,356
    From this org
    $0
    From related orgs
    $676,431
    Other
    $151,925
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0 + $68,717 related
    Other
    $0 + $607,714 related
    Deferred
    $0 + $151,925 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $828,356 related

  • Denise Chamberlain

    Former Officer

    Total calculated
    $1,127,235
    From this org
    $0
    From related orgs
    $880,966
    Other
    $246,269
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $1 related
    Bonus
    $0 + $246,583 related
    Other
    $0 + $634,382 related
    Deferred
    $0 + $246,269 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $1,127,235 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

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
A detailed compensation review of the top executives, including the Chief Executive Officer, is conducted annually. Market data is collected and assessed by an external independent compensation consultant who specializes in compensation consulting within the healthcare industry. The work product from this study is reviewed separately with Endeavor Health legal counsel. Market data for base and variable compensation is assessed annually for integrated delivery systems and academic medical centers that are similar in size and complexity. The market assessment includes assessing job content in order to make appropriate market data comparisons. Specific recommendations are then reviewed, discussed and approved as appropriate with the Endeavor Health Compensation Committee, in session with legal counsel present, in advance of implementation.
Schedule J, Part I, Line 4a Severance or change-of-control payment
The following individuals received severance payments based upon mutually agreed-upon separation agreements entered into with the organization: Chris Mollet - $607,714 Denise Chamberlain - $634,382
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
An Endeavor Health Defined Contribution Supplemental Executive Retirement Plan (DC SERP) was created and effective in 2024. A participant generally becomes vested in their deferred compensation for a year on the last day of the fifth calendar year after the year of the deferred compensation. A participant may become vested in their deferred compensation under the DC SERP upon death, disability, or attainment of age 62. A participant who has attained age 62 receives a payment of their DC SERP benefit each year after attaining age 62. Participants who voluntarily resign or are terminated with cause forfeit any amounts that are not vested. The following individuals participated in a supplemental nonqualified retirement plan and below is the deferred compensation as defined in the instructions for 2024: Shivani Bautista - $248,338 Gerald P. Gallagher - $757,674 The following individual participated in a supplemental nonqualified retirement plan and received the following payment reported as taxable compensation: Douglas D. Welday - $465,005 Benefits under the EEH SERP generally vest after five years of service. However, participant will automatically vest in his or her account balance in the event of death, disability, involuntary separation from service (not for cause), or separation for good reasons. Participants who voluntarily resign or are terminated with cause forfeit any amounts that are not vested. The following individual participated in a supplemental nonqualified retirement plan and received the following payment reported as taxable compensation: Yvette Saba - $81,576

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.1
Source object
202543189349315079

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