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Nonprofiteer
← PRESBYTERIAN HEALTHCARE FOUNDATION

Form 990 for tax year 2022

Filed by PRESBYTERIAN HEALTHCARE FOUNDATION.

Totals

Total revenue
$7,016,936
Total expenses
$11,929,691
Contributions and grants received
$5,813,553
Grants paid
$8,373,958
Program service revenue
$0
Investment income
$1,294,972
Other revenue
-$91,589
Total assets, end of year
$121,113,337
Total liabilities, end of year
$862,171
Net assets or fund balances, end of year
$120,251,166
Program services expenses (Part IX)
$8,605,789
Management and general expenses
$2,097,427
Fundraising expenses
$1,226,475
Program service expenses (Part III)
$8,605,789

Program services were 72.1% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $815,149

  • 1d · Related organizations

    $313,800

  • 1f · All other contributions, gifts and grants

    $4,684,604

  • 1g · Noncash contributions included above

    $125,352

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $2,360,574 · related or exempt $0 · unrelated business $0 · excluded $2,360,574

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

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $55,656 · personal property $0

  • 6b · Less rental expenses

    real property $4,796 · personal property $0

  • 6c · Rental income or loss

    real property $50,860 · personal property $0

  • 6d · Net rental income or loss

    total $50,860 · related or exempt $0 · unrelated business $0 · excluded $50,860

  • 7a · Gross sales of assets other than inventory

    securities $20,592,793 · other assets $0

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

    securities $21,658,395 · other assets $0

  • 7c · Gain or loss

    securities -$1,065,602 · other assets $0

  • 7d · Net gain or loss

    total -$1,065,602 · related or exempt $0 · unrelated business $0 · excluded -$1,065,602

  • 8a · Fundraising events: gross income

    $166,761

  • 8a · Fundraising events: contributions included on line 1c

    $815,149

  • 8b · Fundraising events: direct expenses

    $312,070

  • 8c · Net income from fundraising events

    total -$145,309 · unrelated business $0 · excluded -$145,309

  • 9a · Gaming: gross income

    $9,610

  • 9b · Gaming: direct expenses

    $6,750

  • 9c · Net income from gaming

    total $2,860 · related or exempt $0 · unrelated business $0 · excluded $2,860

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,373,958 · program services $8,373,958

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $2,084,188 · program services $231,831 · management and general $1,229,092 · fundraising $623,265

  • 8 · Pension plan contributions

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $396 · program services $0 · management and general $198 · fundraising $198

  • 11c · Fees: accounting

    total $39,226 · program services $0 · management and general $19,613 · fundraising $19,613

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $29,647 · fundraising $29,647

  • 11f · Fees: investment management

    total $285,255 · program services $0 · management and general $285,255 · fundraising $0

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $52,910 · program services $0 · management and general $26,455 · fundraising $26,455

  • 14 · Information technology

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $90,300 · program services $0 · management and general $45,150 · fundraising $45,150

  • 17 · Travel

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 20 · Interest

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: Corporate Allocation

    total $267,052 · program services $0 · management and general $133,526 · fundraising $133,526

  • 24b · Other expenses: Business MILEAGE

    total $1,816 · program services $0 · management and general $908 · fundraising $908

  • 24c · Other expenses: Business Meals

    total $13,334 · program services $0 · management and general $6,667 · fundraising $6,667

  • 24d · Other expenses: Community Benefit

    total $15,432 · program services $0 · management and general $7,716 · fundraising $7,716

  • 24e · All other expenses

    total $676,177 · program services $0 · management and general $342,847 · fundraising $333,330

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $2,437,384 · end of year $647,844

  • 3 · Pledges and grants receivable

    beginning of year $2,184,301 · end of year $1,520,216

  • 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

  • 8 · Inventories for sale or use

    beginning of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0

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

    $542,338

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

    $213,720

  • 10c · Land, buildings and equipment, net

    beginning of year $333,414 · end of year $328,618

  • 11 · Investments: publicly traded securities

    beginning of year $132,003,914 · end of year $117,872,396

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $868,309 · end of year $744,263

  • 17 · Accounts payable and accrued expenses

    beginning of year $32,861 · end of year $122,823

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 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 $696,470 · end of year $739,348

  • 27 · Net assets without donor restrictions

    beginning of year $69,028,991 · end of year $59,877,880

  • 28 · Net assets with donor restrictions

    beginning of year $68,069,000 · end of year $60,373,286

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

RAISE AND STEWARD FUNDS NECESSARY TO IMPROVE HEALTH AND LIVES IN COMMUNITIES SERVED BY PRESBYTERIAN HEALTHCARE SERVICES, A 501(C)(3) ORGANIZATION, PROVIDING HEALTHCARE SERVICES TO COMMUNITIES IN NEW MEXICO.

  • PROGRAM SERVICE ACTIVITY #1 The Foundation-funded Presbyterian Robert Wertheim Hospice House was completed in 2022 and had a limited, "soft" opening as hiring and operations ramped up. The $3.6 million facility was funded entirely with philanthropy. The 10-bed facility is projected to serve up to 300 patients a year when fully operational. It is the only full-service, residential hospice facility in central New Mexico and fills a long-standing need in the community for residential hospice care.

    Expenses $3,715,000 · Grants $3,715,000

  • PROGRAM SERVICE ACTIVITY #2 Philanthropy is funding half the cost of a new, $3.0 million warm water therapy pool, the Presbyterian Rehabilitation Services Duane and Barbara Trythall Aquatic Therapy Natatorium. The Trythall Natatorium, an addition to the Presbyterian Healthplex, is one of few publicly available warm water pools in the community. Warm water therapy is an especially effective rehabilitation for improved mobility and treating a wide range of conditions.

    Expenses $752,915 · Grants $752,915

  • PROGRAM SERVICE ACTIVITY #3 The Foundation has provided considerable funding in recent years to Presbyterian Community Health efforts to address social determinants of health (such as food, housing, transportation and other basic needs) that affect overall health/well-being. Funds totaling $431,446 were awarded in 2022 with significant support for Community Health priorities such as the Food Farmacy program, a referral-based food pantry program; virtual-based Community Health education courses, which provide fitness, healthy cooking and other instruction; and emergency patient assistance funds for transportation, housing and other needs affecting health and employment. The Laughter is the Best Medicine gala raised $477,000 for the Peer Support program, which helps patients with substance use disorder.

    Expenses $431,446 · Grants $431,446

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $3,706,428 · Grants $3,348,700

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • HELEN GREVEY

    DIRECTOR / SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • JOHN ROCHESTER

    DIRECTOR, TREASURER

    Total calculated
    $0
    Hours/week
    1

  • RICHARD SCOTT

    PRESIDENT

    Total calculated
    $447,654
    From this org
    $0
    From related orgs
    $396,194
    Other
    $51,460
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $291,196 related
    Bonus
    $0 + $97,352 related
    Other
    $0 + $7,646 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $33,160 related
    Filer's total
    $0 + $447,654 related

  • V SUE CLEVELAND ED D

    DIRECTOR, CHAIR

    Total calculated
    $0
    Hours/week
    2

  • AMIT GARG MD

    DIRECTOR

    Total calculated
    $1,349,224
    From this org
    $0
    From related orgs
    $1,318,448
    Other
    $30,776
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $751,634 related
    Bonus
    $0 + $550,752 related
    Other
    $0 + $16,062 related
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $15,526 related
    Filer's total
    $0 + $1,349,224 related

  • ANDREA HANSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BART KINNEY III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHAD WORTHEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHOUDARY GANGA MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DALE C MAXWELL

    EX-OFFICIO DIRECTOR

    Total calculated
    $3,396,592
    From this org
    $0
    From related orgs
    $3,154,676
    Other
    $241,916
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,588,974 related
    Bonus
    $0 + $1,158,124 related
    Other
    $0 + $407,578 related
    Deferred
    $0 + $220,658 related
    Nontaxable benefits
    $0 + $21,258 related
    Filer's total
    $0 + $3,396,592 related

  • DANIEL FRIEDMAN MD

    DIRECTOR

    Total calculated
    $392,171
    From this org
    $0
    From related orgs
    $525,544
    Other
    -$133,373
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $453,161 related
    Bonus
    $0 + $68,375 related
    Other
    $0 + $4,008 related
    Deferred
    $0 + -$145,582 related
    Nontaxable benefits
    $0 + $12,209 related
    Filer's total
    $0 + $392,171 related

  • J CARLOS GARCIA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JAMES ZANIOS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JERON T CAMPBELL ED LD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KYLE ARMSTRONG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LINDA WEIL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LORETTA TAVELLI

    EX-OFFICIO DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARK FIDEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL M SILVA JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MOLLY BACHECHI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NATHAN ARMSTRONG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NORMAN BECKER

    EX-OFFICIO DIRECTOR

    Total calculated
    $9,000
    From this org
    $0
    From related orgs
    $9,000
    Other
    $0
    Hours/week
    1 + 3 related

  • RICHARD REIF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT A JUNG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT F MELENDEZ MD MBA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROYALE DA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RUTH HUNING-GONZALES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SCOTTIE PIERCE PHD

    DIRECTOR, CHAIR ELECT

    Total calculated
    $0
    Hours/week
    1

  • SHELLY STEPENASKIE MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEPHANIE GEHRES MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEVEN M NAKAMURA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TERESA HARTNETT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TODD SICKLES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TREVOR HATCHELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • W ROBERT LASATER

    DIRECTOR, PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

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)

Schedule J, Part I, Line 3
PRESBYTERIAN HEALTHCARE FOUNDATION (PHF) RELIES ON ITS PARENT, PRESBYTERIAN HEALTHCARE SERVICES (PHS), TO ESTABLISH THE COMPENSATION FOR THE PRESIDENT OF PHF. PHS EMPLOYS AN INDEPENDENT COMPENSATION CONSULTANT, A WRITTEN EMPLOYMENT CONTRACT, AND COMPENSATION STUDIES TO ENSURE THE COMPENSATION IS REASONABLE. FINALLY, THE PRESIDENT'S COMPENSATION IS APPROVED BY THE PHS CEO, BASED ON GUIDANCE RECEIVED FROM THE PHS BOARD'S INDEPENDENT EXECUTIVE COMPENSATION COMMITTEE.
Schedule J, Part II
DALE MAXWELL IS A PARTICIPANT IN A RETENTION AGREEMENT. IN 2022, $298,871 WAS DEFERRED UNDER THIS AGREEMENT FOR MR. MAXWELL BY A RELATED ORGANIZATION. THIS AMOUNT IS INCLUDED IN THE REPORTED DEFERRED COMPENSATION. ALSO, IN 2022, MR. MAXWELL RECEIVED A VESTED PAYMENT FROM THE RETENTION PLAN OF $393,646. THIS AMOUNT IS REPORTED IN CURRENT COMPENSATION, AS REQUIRED; AND IS ALSO INCLUDED IN COLUMN F OF SCHEDULE J.

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.

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.

  • CHARITABLE REMAINDER UNITRUST

    Trust · HOSPITAL SUPPORT · NM

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202313189349319461

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

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