Skip to content
Nonprofiteer
← OCOEE FOUNDATION INC

Form 990 for tax year 2022

Filed by OCOEE FOUNDATION INC.

Totals

Total revenue
$65,905,921
Total expenses
$61,963,956
Contributions and grants received
$5,483,180
Grants paid
$167,150
Program service revenue
$61,772,591
Investment income
-$1,719,996
Other revenue
$370,146
Total assets, end of year
$61,804,087
Total liabilities, end of year
$25,905,333
Net assets or fund balances, end of year
$35,898,754
Program services expenses (Part IX)
$57,652,146
Management and general expenses
$4,311,810
Fundraising expenses
$0
Program service expenses (Part III)
$57,652,146

Program services were 93.0% 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.

  • 1e · Government grants (contributions)

    $5,024,867

  • 1f · All other contributions, gifts and grants

    $458,313

  • 1g · Noncash contributions included above

    $458,313

  • 2a · Program service revenue: MEDICARE/MEDICAID INCOME

    total $42,158,051 · related or exempt $42,158,051

  • 2b · Program service revenue: NURSING FACILITY INCOME

    total $17,380,786 · related or exempt $17,380,786

  • 2c · Program service revenue: ASSISTED LIVING INCOME

    total $2,233,754 · related or exempt $2,233,754

  • 3 · Investment income

    total $383,783 · excluded $383,783

  • 7a · Gross sales of assets other than inventory

    other assets $3,000

  • 7b · Less cost or other basis and sales expenses

    other assets $2,106,779

  • 7c · Gain or loss

    other assets -$2,103,779

  • 7d · Net gain or loss

    total -$2,103,779 · related or exempt -$2,103,779

  • 11a · Other revenue: MISCELLANEOUS

    total $307,796 · related or exempt $307,796

  • 11b · Other revenue: VENDING/FOOD

    total $62,350 · related or exempt $62,350

  • 11e · Other revenue, total

    $370,146

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $167,150 · program services $167,150

  • 5 · Compensation of officers, directors and key employees

    total $559,642 · management and general $559,642

  • 7 · Other salaries and wages

    total $26,157,532 · program services $26,157,532

  • 8 · Pension plan contributions

    total $50,541 · program services $50,541

  • 9 · Other employee benefits

    total $1,814,037 · program services $1,771,909 · management and general $42,128

  • 10 · Payroll taxes

    total $2,036,165 · program services $2,010,034 · management and general $26,131

  • 11a · Fees: management

    total $3,306,050 · management and general $3,306,050

  • 11b · Fees: legal

    total $97,556 · program services $97,556

  • 11c · Fees: accounting

    total $574,502 · program services $540,231 · management and general $34,271

  • 11g · Fees: other

    total $10,470,672 · program services $10,391,846 · management and general $78,826

  • 12 · Advertising and promotion

    total $57,219 · program services $57,219

  • 13 · Office expenses

    total $3,132,259 · program services $3,108,250 · management and general $24,009

  • 14 · Information technology

    total $724,598 · program services $723,981 · management and general $617

  • 16 · Occupancy

    total $2,091,936 · program services $2,054,747 · management and general $37,189

  • 17 · Travel

    total $366,501 · program services $297,618 · management and general $68,883

  • 19 · Conferences, conventions and meetings

    total $81,586 · program services $81,586

  • 20 · Interest

    total $214,652 · program services $113,784 · management and general $100,868

  • 22 · Depreciation, depletion and amortization

    total $2,146,650 · program services $2,118,130 · management and general $28,520

  • 23 · Insurance

    total $744,436 · program services $741,948 · management and general $2,488

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $3,346,608 · program services $3,346,608

  • 24b · Other expenses: TAXES AND LICENSES

    total $2,515,363 · program services $2,515,030 · management and general $333

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $840,542 · program services $838,997 · management and general $1,545

  • 24d · Other expenses: MISCELLANEOUS

    total $366,018 · program services $366,018

  • 24e · All other expenses

    total $101,741 · program services $101,431 · management and general $310

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,033,262 · end of year $3,760,293

  • 3 · Pledges and grants receivable

    end of year $1,376,000

  • 4 · Accounts receivable

    beginning of year $5,637,570 · end of year $5,689,385

  • 9 · Prepaid expenses and deferred charges

    beginning of year $176,642 · end of year $197,515

  • 10a · Land, buildings and equipment: cost or other basis

    $67,776,535

  • 10b · Land, buildings and equipment: accumulated depreciation

    $21,749,556

  • 10c · Land, buildings and equipment, net

    beginning of year $42,393,462 · end of year $46,026,979

  • 14 · Intangible assets

    beginning of year $3,418,926 · end of year $3,350,418

  • 15 · Other assets

    beginning of year $412,038 · end of year $1,403,497

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,444,649 · end of year $3,395,708

  • 19 · Deferred revenue

    beginning of year $167,293

  • 23 · Secured mortgages and notes payable

    beginning of year $21,156,811 · end of year $22,278,409

  • 25 · Other liabilities

    beginning of year $904,764 · end of year $231,216

  • 31 · Retained earnings, endowment or other funds

    beginning of year $30,398,383 · end of year $35,898,754

Mission and programs · 2022

Mission

TO ESTABLISH, DEVELOP, OWN, MAINTAIN AND OPERATE HOSPITALS, NURSING HOMES, ADULT DAY CARE FACILITIES, RESIDENTIAL ASSISTED LIVING FACILITIES, RELATED HEALTH CARE FACILITIES, AND OTHER RESIDENTIAL FACILITIES DESIGNED TO MEET THE HOUSING, HEALTH, PERSONAL NEEDS AND FINANCIAL SECURITY NEEDS OF ELDERLY, DISABLED, POOR, AND OTHER SPECIAL POPULATIONS (THE FACILITIES). THROUGH THESE FACILITIES, THE ORGANIZATION MAY ALSO PROVIDE HEALTH CARE SERVICES. ALL FACILITIES ARE OWNED AND OPERATED ON A NON-PROFIT BASIS. AS FUNDS ALLOW, AND UPON THE APPROVAL OF THE BOARD OF DIRECTORS, THE ORGANIZATION WILL MAKE CONTRIBUTIONS TO OTHER ORGANIZATIONS EXEMPT FROM INCOME TAXATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.

  • ESTABLISH, DEVELOP, AND OPERATE NURSING HOMES, RESIDENTIAL ASSISTED LIVING FACILITIES, RELATED HEALTH CARE FACILITIES, AND OTHER RESIDENTIAL FACILITIES TO MEET NEEDS OF THE ELDERLY, DISABLED, POOR, AND OTHER SPECIAL POPULATIONS.

    Expenses $57,652,146 · Grants $167,150 · Revenue $61,772,591

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John Sheehan Jr

    PRESIDENT

    Total calculated
    $269,981
    From this org
    $257,231
    From related orgs
    $0
    Other
    $12,750
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $257,231
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $12,750
    Filer's total
    $269,981

  • John J Sheehan III

    DIRECTOR

    Total calculated
    $107,471
    From this org
    $100,929
    From related orgs
    $0
    Other
    $6,542
    Hours/week
    35

  • Margaret P Sheehan

    TREASURER

    Total calculated
    $76,440
    From this org
    $63,690
    From related orgs
    $0
    Other
    $12,750
    Hours/week
    35

  • Wiliam S Burton

    DIRECTOR

    Total calculated
    $31,000
    From this org
    $31,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Donald Bradley

    DIRECTOR

    Total calculated
    $29,463
    From this org
    $29,463
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Dorothy Phillips

    SECRETARY

    Total calculated
    $27,402
    From this org
    $27,402
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Alan Smith

    DIRECTOR

    Total calculated
    $25,037
    From this org
    $25,037
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Kathleen Kupchynsky

    DIRECTOR

    Total calculated
    $24,890
    From this org
    $24,890
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

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

  • 1a · First-class or charter travel
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

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

  • CLEVELAND STATE COMMUNITY COLLEGE FOUNDATION

    $125,000

    NURSING PROGRAM

  • DESTIN CHARITY WINE AUCTION

    $20,000

    DONATION

  • BROAD STREET UNITY CENTER

    $10,000

    DONATION

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • OCOEE WOODBURY PROPERTY LLC

    FACILITY · TN · assets $3,747,280

    Directly controlled by NA

  • OCOEE FOUNDATION-CC LLC

    OPERATIONS · TN · income $8,216,090 · assets $1,338,862

    Directly controlled by NA

  • OCOEE HERMITAGE PROPERTY LLC

    FACILITY · TN · assets $3,689,680

    Directly controlled by NA

  • OCOEE HERMITAGE HEALTH CENTER LLC

    OPERATIONS · TN · income $4,885,991 · assets $831,749

    Directly controlled by NA

  • OCOEE HILLVIEW PROPERTY LLC

    FACILITY · TN · assets $3,368,321

    Directly controlled by NA

  • OCOEE HILLVIEW HEALTH CENTER LLC

    OPERATIONS · TN · income $12,586,034 · assets $1,886,085

    Directly controlled by NA

  • OCOEE SYCAMORE PROPERTY LLC

    FACILITY · TN · assets $5,301,552

    Directly controlled by NA

  • OCOEE SYCAMORE RETIREMENT CENTER

    OPERATIONS · TN · income $2,424,683 · assets $352,127

    Directly controlled by NA

  • OCOEE SEVIERVILLE PROPERTY LLC

    FACILITY · TN · assets $7,801,497

    Directly controlled by NA

  • OCOEE SEVIERVILLE HEALTH AND REHABILITATION CENTER LLC

    OPERATIONS · TN · income $8,207,644 · assets $1,558,176

  • OCOEE ARDMORE PROPERTY INVESTMENT LLC

    FACILITY · TN · assets $8,903,571

  • ELK RIVER HEALTH & REHABILITATION OF ARDMORE LLC

    OPERATIONS · TN · income $6,541,512 · assets $1,423,411

  • OCOEE FAYETTEVILLE PROPERTY INVESTMENT LLC

    FACILITY · TN · assets $3,847,301

  • ELK RIVER HEALTH & REHABILITATION OF FAYETTEVILLE LLC

    OPERATIONS · TN · income $5,791,000 · assets $1,207,910

  • OCOEE WINCHESTER PROPERTY INVESTMENT LLC

    FACILITY · TN · assets $4,120,597

  • ELK RIVER HEALTH & REHABILITATION OF WINCHESTER LLC

    OPERATIONS · TN · income $6,965,311 · assets $1,366,062

  • OCOEE WISCONSIN LLC

    COLBY LLC · TN

  • OCOEE COLBY HEALTHCARE CENTER LLC

    OPERATIONS · WI · income $4,685,802 · assets $824,523

  • OCOEE COLBY PROPERTY INVESTMENT LLC

    FACILITY · WI · income $4,021 · assets $3,676,209

  • OFWPIP LLC

    PROPERTY

  • OCOEE WPH HEALTH AND REHABILITATION CENTER LLC

    OPERATIONS · TN · income $6,803,847 · assets $2,916,723

  • OCOEE WPH PROPERTY INVESTMENT LLC

    FACILITY · TN · assets $3,376,969

Provenance

Return type
form_990
Tax year
2022
Filed
14 April 2023
IRS schema version
2022v5.0
Source object
202311089349300706

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.