Form 990 for tax year 2023
Filed by EMERSON HEALTH CARE FOUNDATION INC.
Totals
- Total revenue
- $6,198,981
- Total expenses
- $1,100,000
- Contributions and grants received
- $6,121,371
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $77,610
- Other revenue
- $0
- Total assets, end of year
- $19,107,791
- Total liabilities, end of year
- $273,859
- Net assets or fund balances, end of year
- $18,833,932
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $1,100,000
- Program service expenses (Part III)
- not reported
Program services were 0.0% 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
$229,261
-
1f · All other contributions, gifts and grants
$5,892,110
-
3 · Investment income
total $77,610 · excluded $77,610
-
8a · Fundraising events: gross income
$88,276
-
8a · Fundraising events: contributions included on line 1c
$229,261
-
8b · Fundraising events: direct expenses
$88,276
-
8c · Net income from fundraising events
total $0
Functional expenses
Part IX, the statement of functional expenses.
-
6 · Compensation of disqualified persons
total $685,214 · fundraising $685,214
-
9 · Other employee benefits
total $137,043 · fundraising $137,043
-
11g · Fees: other
total $53,400 · fundraising $53,400
-
12 · Advertising and promotion
total $7,572 · fundraising $7,572
-
13 · Office expenses
total $2,405 · fundraising $2,405
-
24a · Other expenses: CONTRACTED SERVICES
total $131,484 · fundraising $131,484
-
24b · Other expenses: MISCELLANEOUS
total $51,655 · fundraising $51,655
-
24c · Other expenses: FOOD & FUNCTION
total $20,433 · fundraising $20,433
-
24d · Other expenses: PRINTING
total $9,512 · fundraising $9,512
-
24e · All other expenses
total $1,282 · fundraising $1,282
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year -$1
-
2 · Savings and temporary cash investments
beginning of year $4,426,902 · end of year $9,950,976
-
3 · Pledges and grants receivable
beginning of year $963,548 · end of year $1,566,982
-
12 · Investments: other securities
beginning of year $4,246,787 · end of year $5,392,511
-
15 · Other assets
beginning of year $2,568,239 · end of year $2,197,322
-
17 · Accounts payable and accrued expenses
beginning of year -$309,960 · end of year $273,859
-
27 · Net assets without donor restrictions
beginning of year $260,460 · end of year $936,292
-
28 · Net assets with donor restrictions
beginning of year $12,254,975 · end of year $17,897,640
Mission and programs · 2023
Mission
EMERSON HEALTH CARE FOUNDATION INC PROVIDES PHILANTHROPIC RESOURCES TO ASSIST EMERSON HEALTH SYSTEM, INC AND EMERSON HOSPITAL IN FULFILLING THEIR MISSION OF IMPROVING THE HEALTH STATUS OF THE PEOPLE IN THE COMMUNITIES IT SERVES. THROUGH THE ON-GOING CULTIVATION OF RELATIONSHIPS, THE FOUNDATION LEADERSHIP WILL STRIVE TO CREATE THE WILLINGESS AS WELL AS THE MEANS THROUGH WHICH EMERSON HOSPITAL'S CONSTITUENTS WILL FINANCIALLY SUPPORT THE FACILITY, EQUIPMENT, OPERATIONAL, EDUCATIONAL AND PROGRAMMATIC NEEDS OF THE HOSPITAL. THE FOUNDATION WILL STRIVE CONTINUALLY TO EXPAND THE BASE OF ANNUAL PHALANTHROPIC SUPPORT AND BUILD AN ENDOWMENT TO ENSURE THE COMMUNITY'S FUTURE HEALTH CARE NEEDS.
Activities or mission (Part I)
COORDINATE AND DEVELOP THE FUNDRAISING EFFORT FOR EMERSON HOSPITAL
-
EMERSON HEALTH CARE FOUNDATION IS AN ORGANIZATION THAT SUPPORTS FUNDRAISING EFFORTS FOR EMERSON HOSPITAL.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Kenneth Anderson JrKENNETH ANDERSON JR
TREASURER
- Total calculated
- $0
- Hours/week
- 4
-
William P Boger III MDWILLIAM P BOGER III MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Jeffrey S CampbellJEFFREY S CAMPBELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4 + 4 related
-
Liza CareyLIZA CAREY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Stephen W CarrSTEPHEN W CARR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Gloria L CloughGLORIA L CLOUGH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4 + 4 related
-
Danny CostaDANNY COSTA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Charles A DenaultCHARLES A DENAULT
CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
Deborah A Greene MDDEBORAH A GREENE MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Denise HaartzDENISE HAARTZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Karl F KussinKARL F KUSSIN
CHIEF PHILANTHROPY OFFICER
- Total calculated
- $383,830
- From this org
- $0
- From related orgs
- $333,314
- Other
- $50,516
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $0 + $287,733 related
- Bonus
- $0 + $42,017 related
- Other
- $0 + $3,564 related
- Deferred
- $0 + $31,193 related
- Nontaxable benefits
- $0 + $19,323 related
- Filer's total
- $0 + $383,830 related
-
Philip S LotanePHILIP S LOTANE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Jack MackeenJACK MACKEEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Lynn MartinLYNN MARTIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Karen McGinnKAREN MCGINN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Joshua M NelsonJOSHUA M NELSON
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 4 + 4 related
-
Kimberly PatenaudeKIMBERLY PATENAUDE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Sandra A SchelziSANDRA A SCHELZI
SECRETARY
- Total calculated
- $0
- Hours/week
- 4
-
Christine C SchusterCHRISTINE C SCHUSTER
PRESIDENT AND CEO
- Total calculated
- $1,683,834
- From this org
- $0
- From related orgs
- $1,370,489
- Other
- $313,345
- Hours/week
- 4 + 56 related
Schedule J breakdown matched by us
- Base
- $0 + $973,233 related
- Bonus
- $0 + $393,692 related
- Other
- $0 + $3,564 related
- Deferred
- $0 + $278,975 related
- Nontaxable benefits
- $0 + $34,370 related
- Filer's total
- $0 + $1,683,834 related
-
Robert B SegalROBERT B SEGAL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Andrew J SohnANDREW J SOHN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Jill StanskyJILL STANSKY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4 + 4 related
-
Thomas ValleTHOMAS VALLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Sara WilsonSARA WILSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Benjamin MatysBENJAMIN MATYS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Margaret O'Brien BernhardtMARGARET O'BRIEN BERNHARDT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
David Lautz MDDAVID LAUTZ MD
PHYSICIAN
- Total calculated
- $1,455,837
- From this org
- $0
- From related orgs
- $1,416,265
- Other
- $39,572
- Hours/week
- 0 + 60 related
Schedule J breakdown matched by us
- Base
- $0 + $781,016 related
- Bonus
- $0 + $631,733 related
- Other
- $0 + $3,516 related
- Deferred
- $0 + $5,300 related
- Nontaxable benefits
- $0 + $34,272 related
- Filer's total
- $0 + $1,455,837 related
-
Arthur Lee MDARTHUR LEE MD
PHYSICIAN
- Total calculated
- $775,668
- From this org
- $0
- From related orgs
- $742,314
- Other
- $33,354
- Hours/week
- 0 + 60 related
Schedule J breakdown matched by us
- Base
- $0 + $676,603 related
- Bonus
- $0 + $64,469 related
- Other
- $0 + $1,242 related
- Deferred
- $0 + $5,300 related
- Nontaxable benefits
- $0 + $28,054 related
- Filer's total
- $0 + $775,668 related
-
Mark Moschella MDMARK MOSCHELLA MD
PHYSICIAN
- Total calculated
- $751,975
- From this org
- $0
- From related orgs
- $718,621
- Other
- $33,354
- Hours/week
- 0 + 60 related
Schedule J breakdown matched by us
- Base
- $0 + $716,299 related
- Bonus
- $0
- Other
- $0 + $2,322 related
- Deferred
- $0 + $5,300 related
- Nontaxable benefits
- $0 + $28,054 related
- Filer's total
- $0 + $751,975 related
-
Jennifer Nayor MDJENNIFER NAYOR MD
PHYSICIAN
- Total calculated
- $688,693
- From this org
- $0
- From related orgs
- $649,121
- Other
- $39,572
- Hours/week
- 0 + 60 related
Schedule J breakdown matched by us
- Base
- $0 + $501,250 related
- Bonus
- $0 + $147,331 related
- Other
- $0 + $540 related
- Deferred
- $0 + $5,300 related
- Nontaxable benefits
- $0 + $34,272 related
- Filer's total
- $0 + $688,693 related
-
David Kahan MDDAVID KAHAN MD
PHYSICIAN
- Total calculated
- $657,256
- From this org
- $0
- From related orgs
- $651,956
- Other
- $5,300
- Hours/week
- 0 + 60 related
Schedule J breakdown matched by us
- Base
- $0 + $455,000 related
- Bonus
- $0 + $196,146 related
- Other
- $0 + $810 related
- Deferred
- $0 + $5,300 related
- Nontaxable benefits
- $0
- Filer's total
- $0 + $657,256 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
- 6b · Pay contingent on a related organization's net earnings
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
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 4B
- CHRISTINE SCHUSTER AND KARL KUSSIN ARE EMPLOYEES OF EMERSON HOSPITAL AND ARE ELIGIBLE TO PARTICIPATE IN THE FOLLOWING NONQUALIFIED RETIREMENT PLAN. EMERSON HOSPITAL OFFERS A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN TO A SELECT CLASS OF MANAGEMENT. SUPPLEMENTAL RETIREMENT INCOME IS ASSESSED BY AN INDEPENDENT ACTUARY TO DETERMINE ANNUAL CONTRIBUTION AMOUNTS BY EMERSON HOSPITAL. PLAN CONTRIBUTIONS BECOME INCOME TO THE PARTICIPANT BASED ON A CLIFF VESTING SCHEDULE, WHICH IS EVERY FIVE YEARS FROM THE DATE OF PLAN ENROLLMENT. THE FOLLOWING PERSONS PARTICIPATED IN A 457(F) SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. CHRISTINE SCHUSTER $251,175 KARL KUSSIN $3,393
- PART I, LINE 6
- EMERSON HOSPITAL EXECUTIVES ARE ELIGIBLE TO RECEIVE INCENTIVE COMPENSATION IN THE AMOUNT OF 5% OF BASE SALARY IF THE ORGANIZATION ACHIEVES THE BOARD APPROVED BUDGETED GAIN FROM OPERATIONS FOR THE FISCAL YEAR.
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
No itemized grants to organizations 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.
-
501(C)3 · PROVIDES ITS SUBSIDIARIES WITH A MANAGEMENT TEAM · MA
-
501(C)3 · ACUTE CARE COMMUNITY HOSPITAL · MA
Directly controlled by EMERSON HEALTH SYSTEM INC
-
501(C)3 · HEALTH CARE SERVICES IN THE COMMUNITIES SERVED BY EMERSON HOSPITAL · MA
Directly controlled by EMERSON HOSPITAL INC
-
EMERSON PRACTICE ASSOICATES II
501(C)3 · HEALTH CARE SERVICES IN THE COMMUNITIES SERVED BY EMERSON HOSPITAL · MA
Directly controlled by EMERSON HOSPITAL INC
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 corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
EMERSON OCCUPATIONAL HEALTH SERVICES INC
C · HEALTH SERVICES · MA
Directly controlled by EMERSON HEALTH SYSTEMS INC
-
EMERSON PROPERTY DEVELOPMENT CORP
C · PROPERTY MANAGEMENT · MA · share of income $39,753 · share of assets $118,868
Directly controlled by EMERSON HEALTH SYSTEMS INC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 7 August 2025
- IRS schema version
- 2023v6.0
- Source object
- 202532249349301003
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