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Nonprofiteer
← SILVER CROSS FOUNDATION

Form 990 for tax year 2023

Filed by SILVER CROSS FOUNDATION.

Totals

Total revenue
$1,615,682
Total expenses
$1,126,277
Contributions and grants received
$1,611,752
Grants paid
$1,126,277
Program service revenue
$0
Investment income
$0
Other revenue
$3,930
Total assets, end of year
$2,634,429
Total liabilities, end of year
$334,631
Net assets or fund balances, end of year
$2,299,798
Program services expenses (Part IX)
$1,126,277
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,126,277

Program services were 100.0% 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

    $329,823

  • 1f · All other contributions, gifts and grants

    $1,281,929

  • 8a · Fundraising events: gross income

    $153,500

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

    $329,823

  • 8b · Fundraising events: direct expenses

    $149,570

  • 8c · Net income from fundraising events

    total $3,930 · excluded $3,930

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,126,277 · program services $1,126,277

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $179,490 · end of year $140,258

  • 3 · Pledges and grants receivable

    beginning of year $5,612 · end of year $5,612

  • 4 · Accounts receivable

    beginning of year $0 · end of year $112,027

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,064 · end of year $2,191

  • 15 · Other assets

    beginning of year $2,076,523 · end of year $2,374,341

  • 17 · Accounts payable and accrued expenses

    beginning of year $31,847 · end of year $13,600

  • 25 · Other liabilities

    beginning of year $434,449 · end of year $321,031

  • 27 · Net assets without donor restrictions

    beginning of year $1,810,393 · end of year $2,299,798

Mission and programs · 2023

Mission

To develop philanthropic support for the healthcare programs and services provided by Silver Cross Hospital.

  • The exempt purpose of Silver Cross Foundation is to raise funds for support of Silver Cross Hospital and Medical Centers.

    Expenses $1,126,277 · Grants $1,126,277

As filed on the 2023 return.

Listed in Part VII

  • Ruth Colby

    CEO (until 10/16/23)

    Total calculated
    $1,463,100
    From this org
    $0
    From related orgs
    $1,398,739
    Other
    $64,361
    Hours/week
    1 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $855,218 related
    Bonus
    $0 + $320,046 related
    Other
    $0 + $223,475 related
    Deferred
    $0 + $19,800 related
    Nontaxable benefits
    $0 + $44,561 related
    Filer's total
    $0 + $1,463,100 related

  • Michael Mutterer

    CEO

    Total calculated
    $659,292
    From this org
    $0
    From related orgs
    $600,516
    Other
    $58,776
    Hours/week
    1 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $464,662 related
    Bonus
    $0 + $135,854 related
    Other
    $0
    Deferred
    $0 + $19,800 related
    Nontaxable benefits
    $0 + $38,976 related
    Filer's total
    $0 + $659,292 related

  • Tracy Simons

    Executive Director, Foundation

    Total calculated
    $265,362
    From this org
    $0
    From related orgs
    $227,039
    Other
    $38,323
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $176,952 related
    Bonus
    $0 + $49,737 related
    Other
    $0 + $350 related
    Deferred
    $0 + $13,987 related
    Nontaxable benefits
    $0 + $24,336 related
    Filer's total
    $0 + $265,362 related

  • Craig Lyons

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Kathleen Miller

    Vice Chairman

    Total calculated
    $0
    Hours/week
    1

  • Stacy Holland

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Tim Borchert

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Claudia Aguirre

    Director

    Total calculated
    $0
    Hours/week
    1

  • Laura Czerkies

    Director

    Total calculated
    $0
    Hours/week
    1

  • Susan Frangella

    Director

    Total calculated
    $0
    Hours/week
    1

  • Judy Hageman

    Director

    Total calculated
    $0
    Hours/week
    1

  • Darius Keblinskas MD

    Director

    Total calculated
    $0
    Hours/week
    1

  • James Pitcairn

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dan Stevenson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Nick Tyrell

    Director

    Total calculated
    $0
    Hours/week
    1

  • Michele Vana

    Director

    Total calculated
    $0
    Hours/week
    1

  • Heather Voorn

    Director

    Total calculated
    $0
    Hours/week
    1

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)

Part I, Line 3
Silver Cross Health System, the parent organization of Silver Cross Foundation, uses the following to establish executive compensation: 1) Compensation committee, 2) Independent compensation consultant.
Part I, Line 4b
The Supplemental Executive Retirement Program (SERP) is a non-qualified deferred compensation program designed to provide additional, market-competitive retirement benefits to certain management employees. The SERP was designed to provide retirement benefits that take into account an employee's total compensation without regard to the annual limit on compensation that applies under qualified retirement plans. The board has reviewed and approved the SERP benefits, concluding that it is a market-competitive benefit and that the total retirement benefits and total compensation are reasonable when compared to the benefits and compensation provided by similarly situated organizations to employees in comparable positions. For the reporting year the following reported persons participated in the SERP and received the following employer-funded amounts: Ruth Colby - $208,730.

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
2023
Filed
14 August 2025
IRS schema version
2023v6.0
Source object
202532279349300038

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