Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $2,369,294

• 1d · Related organizations

  $9,525,309

• 1e · Government grants (contributions)

  $415,616

• 1f · All other contributions, gifts and grants

  $25,296,511

• 1g · Noncash contributions included above

  $6,187,345

• 2f · All other program service revenue

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

• 3 · Investment income

  total $7,495,832 · excluded $7,495,832

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  securities $189,637,232

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

  securities $143,899,016

• 7c · Gain or loss

  securities $45,738,216 · other assets $0

• 7d · Net gain or loss

  total $45,738,216 · excluded $45,738,216

• 8a · Fundraising events: gross income

  $915,458

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

  $2,369,294

• 8b · Fundraising events: direct expenses

  $836,193

• 8c · Net income from fundraising events

  total $79,265 · excluded $79,265

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $19 · excluded $19

• 11d · All other revenue

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

• 11e · Other revenue, total

  $19

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $35,704,856 · program services $35,704,856

• 5 · Compensation of officers, directors and key employees

  total $822,173 · management and general $822,173

• 7 · Other salaries and wages

  total $4,774,606 · management and general $1,098,174 · fundraising $3,676,432

• 9 · Other employee benefits

  total $326,307 · management and general $75,052 · fundraising $251,255

• 10 · Payroll taxes

  total $355,814 · management and general $81,838 · fundraising $273,976

• 11f · Fees: investment management

  total $1,045,036 · management and general $1,045,036

• 11g · Fees: other

  total $624,838 · program services $0 · management and general $77,970 · fundraising $546,868

• 12 · Advertising and promotion

  total $258,534 · management and general $32,261 · fundraising $226,273

• 13 · Office expenses

  total $133,614 · management and general $16,673 · fundraising $116,941

• 14 · Information technology

  total $207,351 · management and general $25,874 · fundraising $181,477

• 17 · Travel

  total $36,989 · management and general $4,616 · fundraising $32,373

• 23 · Insurance

  total $141 · management and general $18 · fundraising $123

• 24a · Other expenses: DONOR OUTREACH

  total $484,677 · fundraising $484,677

• 24b · Other expenses: ANNUAL GIVING

  total $476,942 · fundraising $476,942

• 24c · Other expenses: Dues and Subscriptions

  total $100,051 · management and general $12,485 · fundraising $87,566

• 24d · Other expenses: RECRUITING

  total $21,571 · management and general $2,692 · fundraising $18,879

• 24e · All other expenses

  total $114,949 · program services $0 · management and general $14,344 · fundraising $100,605

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $88,737 · end of year $464,036

• 3 · Pledges and grants receivable

  beginning of year $8,650,177 · end of year $8,807,879

• 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

• 9 · Prepaid expenses and deferred charges

  beginning of year $245,440 · end of year $59,990

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

  $699,488

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

  $699,318

• 10c · Land, buildings and equipment, net

  beginning of year $310 · end of year $170

• 11 · Investments: publicly traded securities

  beginning of year $320,778,182 · end of year $273,275,105

• 12 · Investments: other securities

  beginning of year $1,430,864 · end of year $1,306,209

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $11,421,464 · end of year $13,086,788

• 17 · Accounts payable and accrued expenses

  beginning of year $405,044 · end of year $236,973

• 19 · Deferred revenue

  beginning of year $2,918,473 · end of year $7,312,417

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $12,459,505 · end of year $18,041,764

• 27 · Net assets without donor restrictions

  beginning of year $73,030,664 · end of year $54,176,588

• 28 · Net assets with donor restrictions

  beginning of year $253,801,488 · end of year $217,232,435

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation

THE FILING ORGANIZATION, HONORHEALTH FOUNDATION, DOES NOT COMPENSATE OR PROVIDE BENEFITS. ALL COMPENSATION AND BENEFITS ARE DETERMINED AND PAID BY HONORHEALTH, A RELATED TAX EXEMPT ORGANIZATION. HONORHEALTH'S COMPENSATION PROCESS USED THE FOLLOWING METHODS: 1) COMPENSATION COMMITTEE; 2) INDEPENDENT COMPENSATION CONSULTANT; 3) COMPENSATION SURVEY OR STUDY; AND 4) APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan

HONORHEALTH OFFERS CERTAIN EXECUTIVES A NON QUALIFIED SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP). IT IS INTENDED THAT THIS PLAN BE AN INELIGIBLE DEFERRED COMPENSATION PLAN UNDER THE PROVISIONS OF CODE SECTION 457(F) AND BE OPERATED IN COMPLIANCE WITH CODE SECTION 409A. THE DESIGN OF THE SERP IS SUCH THAT IT PROVIDES A MECHANISM FOR RESTORATION OF DEFERRED RETIREMENT THAT OTHERWISE WOULD BE LOST TO THE EXECUTIVES DUE TO MANDATORY CAP ON DEFERRALS WITHIN THE QUALIFIED RETIREMENT PLAN OFFERED TO OTHER EMPLOYEES OF HONORHEALTH. THE SERP IS ALSO DESIGNED TO DISCOURAGE EXECUTIVE TURNOVER, WHICH COULD HAMPER ORGANIZATIONAL STABILITY AND SUSTAINABILITY, THROUGH THE SERVICE REQUIREMENTS THAT AN EXECUTIVE MUST MEET IN ORDER TO RECEIVE BENEFITS FROM THIS PLAN. THE ANNUAL VALUE OF EACH EXECUTIVE'S PARTICIPATION IN THE PLAN IS TAKEN INTO CONSIDERATION AS PART OF THE CALCULATION OF TOTAL COMPENSATION WHEN TESTED AGAINST THE MARKET FOR REASONABLENESS. DEFERRED COMPENSATION, REPORTED IN SCHEDULE J, PART II, COLUMN (C), INCLUDES THE INCREASE IN VALUE OF THE SERP ACCOUNT, INCLUDING TAX DEFERRED CONTRIBUTIONS AND EARNINGS. THE FOLLOWING INDIVIDUAL EXPERIENCED A TAXABLE VESTING EVENT DURING THE YEAR AS FOLLOWS. THIS AMOUNTS WERE INCLUDED IN COLUMN (B)(III) AS TAXABLE WAGES. ANY PORTION OF THE DISTRIBUTION THAT WAS PREVIOUSLY REPORTED ON A PRIOR 990 AS DEFERRED HAS BEEN REPORTED IN COLUMN (F). TODD LAPORTE $152,708 JARED LANGKILDE: $7,939

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• INTUITIVE HEALTH OF MARICOPA COUNTY LLC

  N/A · HEALTHCARE · DE

  Directly controlled by NA

• GLOBALREHAB - SCOTTSDALE LLC

  N/A · HEALTHCARE · AZ

  Directly controlled by NA

Related corporations and trusts

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

• HONORHEALTH CAPTIVE INSURANCE EXCHANGE

  C Corporation · CAPTIVE INS. · CJ · controlled entity

  Directly controlled by NA

• SCOTTSDALE HEALTHCARE MSO INC

  C Corporation · MSO · AZ · controlled entity

  Directly controlled by NA

• SONORAN CROSSING OWNERS ASSOCIATION

  C Corporation · OWNERS ASSOC · AZ · controlled entity

  Directly controlled by NA

• CHARITABLE REMAINDER TRUST (1)

  Trust · TRUST · AZ · controlled entity

  Directly controlled by NA