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Nonprofiteer
← AGRACE HOSPICECARE FOUNDATION INCORPORATED

Form 990 for tax year 2023

Filed by AGRACE HOSPICECARE FOUNDATION INCORPORATED.

Totals

Total revenue
$16,800,489
Total expenses
$4,820,112
Contributions and grants received
$9,661,289
Grants paid
$3,331,204
Program service revenue
$0
Investment income
$6,726,476
Other revenue
$412,724
Total assets, end of year
$95,928,631
Total liabilities, end of year
$3,492,439
Net assets or fund balances, end of year
$92,436,192
Program services expenses (Part IX)
$3,331,204
Management and general expenses
$976,629
Fundraising expenses
$512,279
Program service expenses (Part III)
$3,331,204

Program services were 69.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Bill Albright

    Secretary - Until 3/2023

    Total calculated
    $0
    Hours/week
    1

  • Dave Beck-Engel

    Treasurer - Until 3/2023

    Total calculated
    $0
    Hours/week
    1

  • Lou Bernhardt MD

    Chair - Until 3/2023

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Lynne Sexten

    President / CEO

    Total calculated
    $836,378
    From this org
    $0
    From related orgs
    $781,840
    Other
    $54,538
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $418,287 related
    Bonus
    $0 + $266,908 related
    Other
    $0 + $96,645 related
    Deferred
    $0 + $40,200 related
    Nontaxable benefits
    $0 + $14,338 related
    Filer's total
    $0 + $836,378 related

  • Mary Bonte Spath

    Chair - Beginning 4/2023; Vice Chair - Until 3/2023

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Sheila Boothby Stevens

    Secretary & Treasurer - Beginning 4/2023

    Total calculated
    $0
    Hours/week
    1

  • Terry Murawski

    Vice Chair - Beginning 4/2023

    Total calculated
    $0
    Hours/week
    1

  • Bernard McCracken

    Director

    Total calculated
    $0
    Hours/week
    1

  • Bill Schendt

    Director

    Total calculated
    $0
    Hours/week
    1

  • Carol Koby

    Director

    Total calculated
    $0
    Hours/week
    1

  • Casey FitzRandolph

    Director

    Total calculated
    $0
    Hours/week
    1

  • Derrick Smith

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dr Willie Larkin

    Director

    Total calculated
    $0
    Hours/week
    1

  • Gary Gussel

    Director

    Total calculated
    $0
    Hours/week
    1

  • Judith Martinez

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kathy Pline

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mark Pent

    Director - Beginning 4/2023

    Total calculated
    $0
    Hours/week
    1

  • Scott Truehl

    Director

    Total calculated
    $0
    Hours/week
    1

  • Susan Schmitz

    Director - Beginning 4/2023

    Total calculated
    $0
    Hours/week
    1

  • Tanika Apaloo

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Maurer

    Executive VP and Chief Financial Officer

    Total calculated
    $422,073
    From this org
    $0
    From related orgs
    $381,402
    Other
    $40,671
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $290,497 related
    Bonus
    $0 + $84,390 related
    Other
    $0 + $6,515 related
    Deferred
    $0 + $18,200 related
    Nontaxable benefits
    $0 + $22,471 related
    Filer's total
    $0 + $422,072 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

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)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
THE ORGANIZATION RELIED ON AGRACE HOSPICECARE, A RELATED TAX-EXEMPT ORGANIZATION, TO DETERMINE THE COMPENSATION OF ITS OTHER OFFICERS AND KEY EMPLOYEES. BELOW IS THE PROCESS USED BY AGRACE HOSPICECARE FOR DETERMINING COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL. EACH YEAR THE ORGANIZATION GATHERS MARKET DATA FOR DETERMINING COMPENSATION OF THE CHIEF EXECUTIVE OFFICER. THIS INCLUDES BENCHMARKS OF NATIONAL, REGIONAL, AND LOCAL COMPENSATION THAT ARE PROVIDED FROM INDEPENDENT COMPENSATION SURVEYS. THE VP, HUMAN RESOURCES PRESENTS THIS INFORMATION TO THE EXECUTIVE COMMITTEE OF THE BOARD, ALONG WITH PERTINENT 990 COMPENSATION REPORTING BY SIMILAR SIZED NON-PROFIT HOSPICES BASED ON THIS INFORMATION, THE EXECUTIVE COMMITTEE SETS AND APPROVES THE COMPENSATION PACKAGE FOR THE CHIEF EXECUTIVE OFFICER FOR THE YEAR AND CONTEMPORANEOUSLY DOCUMENTS THEIR APPROVAL IN WRITING. THIS PROCESS OCCURS ANNUALLY IN FEBRUARY.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
Lynne Sexten participated in a 457(f) plan. A distribution of $42,950 was made from the plan during 2023. A contribution in the amount of $27,000 was made to the plan during 2023.

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.

Disregarded entities

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

Related corporations and trusts

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

  • CHARITABLE REMAINDER ANNUITY TRUST (1)

    Trust · DISTRIBUTION OF CHARITABLE TRUST ASSETS TO BENEFICIARIES · WI

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
4 September 2024
IRS schema version
2023v5.1
Source object
202412489349300636

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