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Nonprofiteer
← HUMANGOOD FOUNDATION

Form 990 for tax year 2023

Filed by HUMANGOOD FOUNDATION.

Totals

Total revenue
$8,164,724
Total expenses
$6,503,360
Contributions and grants received
$5,584,148
Grants paid
$5,581,368
Program service revenue
$0
Investment income
$2,580,576
Other revenue
$0
Total assets, end of year
$81,916,210
Total liabilities, end of year
$3,814,996
Net assets or fund balances, end of year
$78,101,214
Program services expenses (Part IX)
$5,581,368
Management and general expenses
$709,781
Fundraising expenses
$212,211
Program service expenses (Part III)
$5,581,368

Program services were 85.8% 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.

  • 1d · Related organizations

    $450,000

  • 1f · All other contributions, gifts and grants

    $5,134,148

  • 3 · Investment income

    total $1,893,756 · excluded $1,893,756

  • 7a · Gross sales of assets other than inventory

    securities $14,519,978

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

    securities $13,833,158

  • 7c · Gain or loss

    securities $686,820

  • 7d · Net gain or loss

    total $686,820 · excluded $686,820

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,367,282 · program services $3,367,282

  • 2 · Grants to domestic individuals

    total $2,214,086 · program services $2,214,086

  • 7 · Other salaries and wages

    total $280,415 · management and general $122,739 · fundraising $157,676

  • 8 · Pension plan contributions

    total $4,821 · management and general $2,110 · fundraising $2,711

  • 9 · Other employee benefits

    total $23,306 · management and general $10,201 · fundraising $13,105

  • 10 · Payroll taxes

    total $16,710 · management and general $7,314 · fundraising $9,396

  • 11f · Fees: investment management

    total $198,904 · management and general $198,904

  • 11g · Fees: other

    total $38,478 · management and general $38,478

  • 12 · Advertising and promotion

    total $11,692 · management and general $11,692

  • 13 · Office expenses

    total $6,036 · management and general $6,036

  • 17 · Travel

    total $29,323 · fundraising $29,323

  • 19 · Conferences, conventions and meetings

    total $1,219 · management and general $1,219

  • 24a · Other expenses: ANNUITIES DISTRIBUTIONS

    total $300,648 · management and general $300,648

  • 24b · Other expenses: SUPPLIES

    total $5,578 · management and general $5,578

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $4,287 · management and general $4,287

  • 24d · Other expenses: REPAIRS & MAINTENANCE

    total $575 · management and general $575

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $648,587 · end of year $383,461

  • 2 · Savings and temporary cash investments

    end of year $1,651,631

  • 4 · Accounts receivable

    beginning of year $653,195 · end of year $646,901

  • 11 · Investments: publicly traded securities

    beginning of year $71,971,918 · end of year $79,234,217

  • 17 · Accounts payable and accrued expenses

    beginning of year $141,057 · end of year $66,702

  • 25 · Other liabilities

    beginning of year $2,133,435 · end of year $3,748,294

  • 27 · Net assets without donor restrictions

    beginning of year $59,028,458 · end of year $64,492,512

  • 28 · Net assets with donor restrictions

    beginning of year $11,970,750 · end of year $13,608,702

Mission and programs · 2023

Mission

AT HUMANGOOD WE BELIEVE EVERYONE SHOULD HAVE THE OPPORTUNITY TO LIVE WITH ENTHUSIASM, CONFIDENCE AND SECURITY, REGARDLESS OF PHYSICAL, SOCIAL, OR ECONOMIC CIRCUMSTANCES. AND WHEN WE SAY EVERYONE, WE MEAN EVERYONE - INCLUDING YOU. CONTINUED ON SCHEDULE O.BECAUSE WE BELIEVE THIS, OUR MISSION IS TO INSPIRE YOUR BEST LIFE.WE DO THAT BY WORKING HAND-IN-HAND TO CREATE EXPERIENCES THAT MATTER TO YOU.

Activities or mission (Part I)

TO HELP OLDER ADULTS LIVE THEIR BEST LIVES POSSIBLE, HOWEVER THEY DEFINE IT.

  • THE PRIMARY PURPOSE OF HUMANGOOD FOUNDATION WEST (THE "FOUNDATION") IS TO DEVELOP, INVEST AND ADMINISTER FUNDS TO PROVIDE RESIDENTIAL AND NURSING HOME CARE ON BEHALF OF THE RESIDENTS OF FACILITIES OF HUMANGOOD NORCAL AND CERTAIN OF ITS AFFILIATES, WHICH ARE RELATED 501(C)(3) ORGANIZATIONS. THE FOUNDATION'S PRINCIPAL ACTIVITY IS TO ADMINISTER SUCH FUNDS UNDER TRUST AGREEMENTS. THE FOUNDATION MANAGES DONATED INVESTMENT FUNDS FOR HUMANGOOD NORCAL, HUMANGOOD WASHINGTON DBA JUDSON PARK, HUMANGOOD ARIZONA, INC. DBA TERRACES OF PHOENIX, HUMANGOOD NEVADA DBA LAS VENTANAS, HUMANGOOD IDAHO DBA TERRACES OF BOISE, HUMANGOOD FRESNO DBA TERRACES AT SAN JOAQUIN GARDENS, AND WEST VALLEY NURSING HOMES, INC. DBA THE TERRACES AT SUMMITVIEW WHICH ARE RELATED 501(C)(3) ORGANIZATIONS.

    Expenses $5,581,368 · Grants $5,581,368

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Carolyn Downey

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • William G Young Jr

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 3.2 related

  • Charlotte Martinelli

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • William Battison

    DIRECTOR

    Total calculated
    $63,000
    From this org
    $0
    From related orgs
    $63,000
    Other
    $0
    Hours/week
    0.5 + 10.1 related

  • Dorothy Cole

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Ken Heflin

    RESIDENT DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Carolyn Leontos

    RESIDENT DIRECTOR (UNTIL 2/23)

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • David Fukuda

    DIRECTOR (UNTIL 2/23)

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • John H Cochrane III

    PRESIDENT/CHIEF EXECUTIVE OFFICER

    Total calculated
    $1,137,774
    From this org
    $0
    From related orgs
    $1,097,391
    Other
    $40,383
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $623,393 related
    Bonus
    $0 + $438,900 related
    Other
    $0 + $35,098 related
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $27,183 related
    Filer's total
    $0 + $1,137,774 related

  • Daniel Ogus

    CHIEF OPERATING OFFICER

    Total calculated
    $895,319
    From this org
    $0
    From related orgs
    $853,732
    Other
    $41,587
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $496,166 related
    Bonus
    $0 + $314,160 related
    Other
    $0 + $43,406 related
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $28,387 related
    Filer's total
    $0 + $895,319 related

  • Andrew McDonald

    CHIEF FINANCIAL OFFICER

    Total calculated
    $651,891
    From this org
    $0
    From related orgs
    $611,176
    Other
    $40,715
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $397,572 related
    Bonus
    $0 + $191,100 related
    Other
    $0 + $22,504 related
    Deferred
    $0 + $12,711 related
    Nontaxable benefits
    $0 + $28,004 related
    Filer's total
    $0 + $651,891 related

  • Bethany Ghassemi

    CHIEF LEGAL OFFICER

    Total calculated
    $560,689
    From this org
    $0
    From related orgs
    $545,496
    Other
    $15,193
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $348,235 related
    Bonus
    $0 + $166,530 related
    Other
    $0 + $30,731 related
    Deferred
    $0 + $13,280 related
    Nontaxable benefits
    $0 + $1,913 related
    Filer's total
    $0 + $560,689 related

  • Fleming Meng

    CIO (UNTIL 1/23)

    Total calculated
    $110,080
    From this org
    $0
    From related orgs
    $110,080
    Other
    $0
    Hours/week
    0

  • Nick Lindberg

    CHIEF INFORMATION OFFICER

    Total calculated
    $229,272
    From this org
    $0
    From related orgs
    $227,297
    Other
    $1,975
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $226,828 related
    Bonus
    $0
    Other
    $0 + $469 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $1,975 related
    Filer's total
    $0 + $229,272 related

  • Anika Hartounian

    VP OF FINANCE

    Total calculated
    $334,595
    From this org
    $0
    From related orgs
    $296,559
    Other
    $38,036
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $182,411 related
    Bonus
    $0 + $106,950 related
    Other
    $0 + $7,198 related
    Deferred
    $0 + $8,455 related
    Nontaxable benefits
    $0 + $29,581 related
    Filer's total
    $0 + $334,595 related

  • Juanita Fraley

    VP PHILANTHROPY

    Total calculated
    $346,134
    From this org
    $0
    From related orgs
    $309,987
    Other
    $36,147
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $205,710 related
    Bonus
    $0 + $93,150 related
    Other
    $0 + $11,127 related
    Deferred
    $0 + $12,337 related
    Nontaxable benefits
    $0 + $23,810 related
    Filer's total
    $0 + $346,134 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

  • 1a · First-class or charter travel
  • 1a · Travel for companions
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
FIRST CLASS TRAVEL IS AVAILABLE TO EXECUTIVE TEAM MEMBERS OF THE ORGANIZATION. TRAVEL FOR COMPANIONS IS AVAILABLE FOR EXECUTIVE TEAM MEMBERS. A COST REIMBURSEMENT BENEFIT OF $60/MONTH IS AVAILABLE TO CERTAIN EXECUTIVE TEAM MEMBERS FOR MONTHLY GYM MEMBERSHIP DUES.
PART I, LINE 3
COMPENSATION OF THE CEO IS DETERMINED BY HUMANGOOD USING THE FOLLOWING METHODS: COMPENSATION COMMITTEE, COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY/STUDY AND APPROVAL BY THE BOARD/COMPENSATION COMMITTEE.
PART I, LINE 4B
CERTAIN KEY EXECUTIVES WERE ALLOWED TO PARTICIPATE IN AN IRC 457(F) PLAN, WHEREBY (SUBJECT TO PLAN AMENDMENT) THE PLAN WILL FUND REGULAR CONTRIBUTIONS AND EARN A RETURN EQUAL TO THE CONSUMER PRICE INDEX RATE PLUS 2.5 PERCENT WITH A CAP OF 6.0 PERCENT.
PART I, LINE 7
INCENTIVE COMPENSATION: EXECUTIVE DIRECTORS, REGIONAL MANAGERS AND SENIOR MANAGEMENT ARE ELIGIBLE FOR INCENTIVE COMPENSATION. IN THE CALENDAR YEAR PRECEDING THE INCENTIVE COMPENSATION, GOALS ARE SET FOR EACH INDIVIDUAL THAT ALIGN WITH THE STRATEGIC AND OPERATIONAL OBJECTIVES OF THE ORGANIZATION. THE GOALS OF THE CEO AND EXECUTIVE TEAM ARE REVIEWED BY THE COMPENSATION COMMITTEE AND BOARD. BEFORE ANY PAYMENT IS MADE, THE INCENTIVE COMPENSATION POOL MUST BE FUNDED BY (A) EXCEEDING BUDGETED NET CASH PRODUCTION ARISING FROM THE SUM OF OPERATIONAL PERFORMANCE AND NET TURNOVER ENTRANCE FEES, SUBJECT TO A CAP; AND (B) MEETING OR EXCEEDING BUDGETED OPERATING MARGIN BY A PREDETERMINED AMOUNT. IF THE INCENTIVE POOL IS PARTIALLY FUNDED, THE PARTIAL PERCENTAGE IS APPLIED TO THE POTENTIAL PAYMENT FOR EACH TEAM MEMBER'S ATTAINED GOALS. THE ATTAINMENT OF THE GOALS OF THE CEO AND EXECUTIVE TEAM ARE REVIEWED BY THE COMPENSATION COMMITTEE AND BOARD PRIOR TO PAYMENT. FOR OTHER TEAM MEMBERS, THE ATTAINMENT OF EACH INCENTIVE GOAL IS ASSESSED BY THE INCENTIVE-ELIGIBLE TEAM MEMBER'S SUPERVISOR AND ULTIMATELY REVIEWED BY THE CEO PRIOR TO PAYMENT.

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
1 November 2024
IRS schema version
2023v5.1
Source object
202433179349306273

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

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