Skip to content
Nonprofiteer
← SOUTH COUNTY HOSPITAL HEALTHCARE SYSTEM ENDOWMENT

Form 990 for tax year 2023

Filed by SOUTH COUNTY HOSPITAL HEALTHCARE SYSTEM ENDOWMENT.

Totals

Total revenue
$905,405
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$905,405
Other revenue
$0
Total assets, end of year
$33,442,393
Total liabilities, end of year
$76,466
Net assets or fund balances, end of year
$33,365,927
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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.

  • 3 · Investment income

    total $1,916,090 · excluded $1,916,090

  • 7a · Gross sales of assets other than inventory

    securities $460,435

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

    securities $1,471,120

  • 7c · Gain or loss

    securities -$1,010,685

  • 7d · Net gain or loss

    total -$1,010,685 · excluded -$1,010,685

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $779,786 · end of year $835,181

  • 2 · Savings and temporary cash investments

    beginning of year $0

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

    $562,546

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

    $562,546

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $15,837,026 · end of year $19,457,220

  • 12 · Investments: other securities

    beginning of year $10,961,214 · end of year $13,146,131

  • 15 · Other assets

    beginning of year $0 · end of year $3,861

  • 25 · Other liabilities

    beginning of year $20,657 · end of year $76,466

  • 27 · Net assets without donor restrictions

    beginning of year $27,557,369 · end of year $33,365,927

Mission and programs · 2023

Mission

PARENT ENTITY TO SOUTH COUNTY HOSPITAL HEALTHCARE SYSTEM WHICH PROVIDES PHILANTHROPIC SUPPORT TO THE SYSTEM AND AFFILIATES.

  • IN PREVIOUS YEARS, SOUTH COUNTY HOSPITAL HEALTHCARE SYSTEM ENDOWMENT PROVIDED PLANNING, MANAGEMENT, AND FUNDRAISING ACTIVITIES FOR SOUTH COUNTY HOSPITAL AND SOUTH COUNTY HOME HEALTH. BY PROVIDING THESE SERVICES, THE HOSPITAL AND SOUTH COUNTY HOME HEALTH WERE ABLE TO FOCUS THEIR ACTIVITIES MORE TOWARD PROVIDING HIGH-QUALITY MEDICAL SERVICES TO PEOPLE IN SOUTHERN RHODE ISLAND. THE HEALTHCARE SYSTEM ENDOWMENT WAS INSTRUMENTAL IN HELPING RECRUIT NEW PHYSICIANS TO WORK FOR SOUTH COUNTY HOSPITAL, RAISE ADDITIONAL CHARITABLE DONATIONS FOR THE HOSPITAL SYSTEM AND PROMOTE THE HOSPITAL SYSTEM TO THE COMMUNITY. IN FISCAL YEAR ENDED SEPTEMBER 30, 2022, THIS ACTIVITY WAS TRANSFERRED TO THE SOUTH COUNTY HEALTH FOUNDATION.

As filed on the 2023 return.

Listed in Part VII

  • Christopher Jalbert

    VP OF MED STAFF (THRU 9/24)

    Total calculated
    $348,742
    From this org
    $0
    From related orgs
    $318,678
    Other
    $30,064
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $309,386 related
    Bonus
    $0 + $8,594 related
    Other
    $0 + $698 related
    Deferred
    $0 + $9,321 related
    Nontaxable benefits
    $0 + $20,743 related
    Filer's total
    $0 + $348,742 related
  • Noah Benedict

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Robert J Bierwirth MD

    PRESIDENT OF MED STAFF

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Joseph Matthews

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • James L Farrell

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Betty Rambur PhD RN

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Sandra Coletta

    TRUSTEE (THRU 4/24)

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Robert K Dyer MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • John H Howland

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Rogean Makowski

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Jason P Marshall

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Michael McCaffrey

    TRUSTEE (AS OF 4/24)

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Eric Norberg

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Austin C Smith

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Victoria A Wicks

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Barbara Wolfe

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Aaron S Robinson

    PRESIDENT AND CEO

    Total calculated
    $914,296
    From this org
    $0
    From related orgs
    $864,218
    Other
    $50,078
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $726,783 related
    Bonus
    $0 + $125,000 related
    Other
    $0 + $12,435 related
    Deferred
    $0 + $30,000 related
    Nontaxable benefits
    $0 + $20,078 related
    Filer's total
    $0 + $914,296 related
  • Thomas J Breen

    VP AND CHIEF FINANCIAL OFFICER

    Total calculated
    $505,112
    From this org
    $0
    From related orgs
    $458,792
    Other
    $46,320
    Hours/week
    2 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $434,720 related
    Bonus
    $0 + $17,869 related
    Other
    $0 + $6,203 related
    Deferred
    $0 + $30,000 related
    Nontaxable benefits
    $0 + $16,320 related
    Filer's total
    $0 + $505,112 related
  • Aaron Weisbord MD

    FORMER TRUSTEE

    Total calculated
    $496,123
    From this org
    $0
    From related orgs
    $446,624
    Other
    $49,499
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $209,304 related
    Bonus
    $0 + $236,857 related
    Other
    $0 + $463 related
    Deferred
    $0 + $30,000 related
    Nontaxable benefits
    $0 + $19,499 related
    Filer's total
    $0 + $496,123 related
  • Salvatore Abbruzzese Jr

    FORMER PRESIDENT MED STAFF

    Total calculated
    $121,676
    From this org
    $0
    From related orgs
    $121,676
    Other
    $0
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $120,830 related
    Bonus
    $0
    Other
    $0 + $846 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $121,676 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

None.

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

The filer's explanations (Part III)

PART I, LINE 3
THE COMPENSATION OF THE CEO IS DETERMINED BY SOUTH COUNTY HOSPITAL HEALTHCARE SYSTEM WHICH USES THE FORM 990 OF OTHER ORGANIZATIONS, A COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO DETERMINE COMPENSATION.

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.

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.

  • SILVER SPRING HEALTH CARE MANAGEMENT

    C · HOLDING COMPANY · RI · 100% owned · controlled entity

    Directly controlled by SCH HEALTHCARE

  • SOUTH COUNTY QUALITY CARE

    C · PERSONAL CARE · RI · 100% owned · controlled entity

    Directly controlled by SS HEALTHCARE

  • SSHM SURGICAL SUPPLY INC

    C · RETAIL OF MED EQP · RI · 100% owned · controlled entity

    Directly controlled by SS HEALTHCARE

  • CHARITABLE REMAINDER TRUSTS (3)

    T · CHARITABLE TRUST · RI · controlled entity

Provenance

Return type
form_990
Tax year
2023
Filed
13 August 2025
IRS schema version
2023v6.0
Source object
202502259349300745

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.