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Nonprofiteer
← WILLIAM M CASEY FOUNDATION INC

Form 990 for tax year 2023

Filed by WILLIAM M CASEY FOUNDATION INC.

Totals

Total revenue
$4,113,532
Total expenses
$1,662,843
Contributions and grants received
$0
Grants paid
$1,588,494
Program service revenue
$4,113,532
Investment income
$0
Other revenue
$0
Total assets, end of year
$15,456,525
Total liabilities, end of year
$1,939,189
Net assets or fund balances, end of year
$13,517,336
Program services expenses (Part IX)
$1,662,790
Management and general expenses
$53
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 100.0% 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.

  • 2a · Program service revenue: RENTAL INCOME

    total $4,113,532 · related or exempt $4,113,532

  • 3 · Investment income

    total $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,588,494 · program services $1,588,494

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $53 · management and general $53

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $3,660 · program services $3,660

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $69,591 · program services $69,591

  • 23 · Insurance

    total $0

  • 24a · Other expenses: SUBSCRIPTION AND FEES

    total $1,045 · program services $1,045 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $681,063 · end of year $1,000,967

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $1,867,148

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

    $1,148,486

  • 10c · Land, buildings and equipment, net

    beginning of year $774,354 · end of year $718,662

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $12,199,782 · end of year $13,736,896

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $2,288,075 · end of year $1,608,194

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $300,477 · end of year $330,995

  • 27 · Net assets without donor restrictions

    beginning of year $11,066,647 · end of year $13,517,336

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

TO HOLD TITLE TO BUILDINGS AND LAND LOCATED IN NYC FOR THE PURPOSE OF LEASING AND RENTING IN FURTHERANCE OF HEARTSHARE ST. VINCENT'S SERVICES, INC. MISSION AS A CATHOLIC SOCIAL SERVICES AGENCY.

Activities or mission (Part I)

TO HOLD TITLE TO BUILDINGS & LAND LOCATED IN NYC FOR THE PURPOSE OF LEASING & RENTING IN FURTHERANCE OF ST. VINCENT'S SERVICES, INC. MISSION AS A CATHOLIC SOCIAL SERVICE AGENCY.

  • LEASING AND RENTING OF PROPERTY IN FURTHERANCE OF HEARTSHARE ST. VINCENT'S SERVICES' MISSION, AS A CATHOLIC SOCIAL SERVICES AGENCY.

As filed on the 2023 return.

Listed in Part VII

  • William R Guarinelloformer

    TREAS/fmr. Pres&CEO/Advisor,HS

    Total calculated
    $893,485
    From this org
    $0
    From related orgs
    $893,485
    Other
    $0
    Hours/week
    0 + 7.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $92,308 related
    Bonus
    $0 + $325,000 related
    Other
    $0 + $476,177 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $893,485 related

  • Dawn W Valentine-Saffayeh

    Secretary/Pres.&CEO, HS

    Total calculated
    $500,016
    From this org
    $0
    From related orgs
    $461,923
    Other
    $38,093
    Hours/week
    0.25 + 34.75 related

    Schedule J breakdown matched by us

    Base
    $0 + $376,923 related
    Bonus
    $0 + $85,000 related
    Other
    $0
    Deferred
    $0 + $3,408 related
    Nontaxable benefits
    $0 + $34,685 related
    Filer's total
    $0 + $500,016 related

  • Justin Nardilla

    Treasurer/CFO, HS

    Total calculated
    $417,436
    From this org
    $0
    From related orgs
    $409,052
    Other
    $8,384
    Hours/week
    0.5 + 34.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $359,052 related
    Bonus
    $0 + $50,000 related
    Other
    $0
    Deferred
    $0 + $8,179 related
    Nontaxable benefits
    $0 + $205 related
    Filer's total
    $0 + $417,436 related

  • Kenneth P Nolan Esq

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Paul J Torre

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Fr Michael Gelfant

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 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

  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3:
THE TOP MANAGEMENT OFFICIAL'S COMPENSATION WAS PAID BY A RELATED 501(C)(3) ORGANIZATION WHICH USED ONE OR MORE OF THE METHODS LISTED TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION.
SCHEDULE J, PART I, LINE 4A:
William R. Guarinello, former Treasurer of the organization was paid by a related 501(c)(3) organization for his services as President & CEO. He retired as President & CEO of the related organization at December 31, 2022 following over 50 years of service and received a bonus in early calendar year 2023 of $325,000 for his services as President & CEO for the period July, 1, 2021 through December 31, 2022. During the calendar year ended December 31, 2023, William R. Guarinello received reportable compensation from a related organization of $92,308 for his consulting services as Strategic Advisor. William R. Guarinello also received $385,693 during the calendar year ended December 31, 2023 from a related organization for relinquishing valuable lifetime retiree medical and dental benefits for himself and his spouse and for relinquishing other potential claims and benefits. in addition, he also received $78,671 of payout of unused vacation pay and $11,814 for taxable fringe benefits from a related organization.

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.

Related corporations and trusts

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

  • HEARTSHARE PRODUCTIONS LTD

    C CORP · FILM PRODUCTION · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
2 May 2025
IRS schema version
2023v6.0
Source object
202501279349301705

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