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← FRESENIUS MEDICAL CARE FOUNDATION INC

Form 990 for tax year 2023

Filed by FRESENIUS MEDICAL CARE FOUNDATION INC.

Totals

Total revenue
$921,143
Total expenses
$811,587
Contributions and grants received
$855,782
Grants paid
$733,551
Program service revenue
$0
Investment income
$65,361
Other revenue
$0
Total assets, end of year
$1,847,473
Total liabilities, end of year
$186,802
Net assets or fund balances, end of year
$1,660,671
Program services expenses (Part IX)
$734,721
Management and general expenses
$75,060
Fundraising expenses
$1,806
Program service expenses (Part III)
$734,721

Program services were 90.5% 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

    $855,782

  • 3 · Investment income

    total $65,361 · excluded $65,361

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $733,551 · program services $733,551

  • 11b · Fees: legal

    total $7,170 · program services $1,170 · management and general $6,000

  • 11c · Fees: accounting

    total $63,440 · management and general $63,440

  • 13 · Office expenses

    total $166 · fundraising $166

  • 24a · Other expenses: CC, BANK & FILING FEES

    total $7,260 · management and general $5,620 · fundraising $1,640

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $427,224 · end of year $331,631

  • 2 · Savings and temporary cash investments

    beginning of year $1,338,169 · end of year $1,403,530

  • 3 · Pledges and grants receivable

    beginning of year $18,326 · end of year $107,635

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,633 · end of year $3,597

  • 15 · Other assets

    beginning of year $0 · end of year $1,080

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,766 · end of year $3,848

  • 18 · Grants payable

    beginning of year $223,471 · end of year $172,954

  • 19 · Deferred revenue

    beginning of year $10,000 · end of year $10,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,518,992 · end of year $1,546,385

  • 28 · Net assets with donor restrictions

    beginning of year $32,123 · end of year $114,286

Mission and programs · 2023

Mission

TO IMPROVE LIVES BY RAISING AWARENESS OF KIDNEY DISEASE AND IGNITING THE ADVANCEMENT OF LIFE-SAVING SOLUTIONS, AND THROUGH OUR CARES FUND, TO SUPPORT ELIGIBLE EMPLOYEES IMPACTED BY UNFORESEEN EMERGENCY SITUATIONS.

  • TRANSPLANT FUND - TO ENSURE EVERYONE WHO NEEDS A KIDNEY AND IS ABLE TO RECEIVE ONE DOES SO THROUGH TRANSPLANT.IN 2023, THE TRANSPLANT FUND HAD $34,736 OF IN-KIND SALARIES AND PROFESSIONAL SERVICES, WHICH ARE NOT REFLECTED IN PROGRAM EXPENSES.

    Expenses $96,585 · Grants $96,585 · Revenue $136,654

  • CARES FUND - THE CARES FUND WAS CREATED TO SUPPORT ELIGIBLE EMPLOYEES IMPACTED BY UNFORESEEN EMERGENCY SITUATIONS.IN 2023, THE CARES FUND HAD $83,863 OF IN-KIND SALARIES AND PROFESSIONAL SERVICES, WHICH ARE NOT REFLECTED IN PROGRAM EXPENSES.

    Expenses $638,136 · Grants $636,966 · Revenue $719,129

As filed on the 2023 return.

Listed in Part VII

  • Kim Sonnen

    BOARD CHAIR

    Total calculated
    $8,264
    From this org
    $0
    From related orgs
    $8,264
    Other
    $0
    Hours/week
    0.1

  • William Valle

    PRES. & BOARD MEMBER (UNTIL 12/2023)

    Total calculated
    $4,760
    From this org
    $0
    From related orgs
    $4,760
    Other
    $0
    Hours/week
    0.1

  • Anne Gaeta

    BOARD MEMBER

    Total calculated
    $3,293
    From this org
    $0
    From related orgs
    $3,293
    Other
    $0
    Hours/week
    0.1

  • Thomas Brouillard

    VICE PRESIDENT

    Total calculated
    $1,322
    From this org
    $0
    From related orgs
    $1,322
    Other
    $0
    Hours/week
    0.1

  • Karen Gledhill

    SECRETARY (UNTIL 8/2023)

    Total calculated
    $0
    Hours/week
    0.1

  • Mark Fawcett

    TREASURER (UNTIL 8/2023)

    Total calculated
    $0
    Hours/week
    0.1

  • Bryan Mello

    TREAS. AND ASST. SECRETARY

    Total calculated
    $667
    From this org
    $0
    From related orgs
    $667
    Other
    $0
    Hours/week
    0.1

  • Dave Roder

    SECRETARY (AS OF 8/2023)

    Total calculated
    $3,368
    From this org
    $0
    From related orgs
    $3,368
    Other
    $0
    Hours/week
    0.1

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.

Grants on this return

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.

  • FRESENIUS MEDICAL CARE HOLDINGS INC

    C · RENAL DISEASE AND OTHER HEALTH CARE SERVICES · NY

    Directly controlled by FRESENIUS MED CARE HOLDINGS LP

Provenance

Return type
form_990
Tax year
2023
Filed
15 July 2024
IRS schema version
2023v5.1
Source object
202422069349300937

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