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Nonprofiteer
← HUMANGOOD FOUNDATION

Form 990 for tax year 2022

Filed by HUMANGOOD FOUNDATION.

Totals

Total revenue
$6,939,580
Total expenses
$5,054,156
Contributions and grants received
$4,705,848
Grants paid
$4,202,517
Program service revenue
$0
Investment income
$2,233,732
Other revenue
$0
Total assets, end of year
$73,273,700
Total liabilities, end of year
$2,274,492
Net assets or fund balances, end of year
$70,999,208
Program services expenses (Part IX)
$4,202,517
Management and general expenses
$643,245
Fundraising expenses
$208,394
Program service expenses (Part III)
$4,202,517

Program services were 83.1% 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.

  • 1d · Related organizations

    $450,000

  • 1f · All other contributions, gifts and grants

    $4,255,848

  • 3 · Investment income

    total $1,467,979 · excluded $1,467,979

  • 7a · Gross sales of assets other than inventory

    securities $5,186,163

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

    securities $4,420,410

  • 7c · Gain or loss

    securities $765,753

  • 7d · Net gain or loss

    total $765,753 · excluded $765,753

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,144,628 · program services $2,144,628

  • 2 · Grants to domestic individuals

    total $2,057,889 · program services $2,057,889

  • 7 · Other salaries and wages

    total $264,517 · management and general $116,118 · fundraising $148,399

  • 9 · Other employee benefits

    total $33,416 · management and general $14,683 · fundraising $18,733

  • 10 · Payroll taxes

    total $16,182 · fundraising $16,182

  • 11b · Fees: legal

    total $875 · management and general $875

  • 11f · Fees: investment management

    total $179,584 · management and general $179,584

  • 11g · Fees: other

    total $43,220 · management and general $43,220

  • 12 · Advertising and promotion

    total $10,149 · management and general $10,149

  • 13 · Office expenses

    total $12,873 · management and general $12,873

  • 17 · Travel

    total $25,080 · fundraising $25,080

  • 19 · Conferences, conventions and meetings

    total $2,337 · management and general $2,337

  • 24a · Other expenses: ANNUITIES DISTRIBUTIONS

    total $260,701 · management and general $260,701

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $2,636 · management and general $2,636

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $69 · management and general $69

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $916,851 · end of year $648,587

  • 4 · Accounts receivable

    beginning of year $632,352 · end of year $653,195

  • 11 · Investments: publicly traded securities

    beginning of year $79,415,818 · end of year $71,971,918

  • 17 · Accounts payable and accrued expenses

    beginning of year $66,241 · end of year $141,057

  • 25 · Other liabilities

    beginning of year $2,757,839 · end of year $2,133,435

  • 27 · Net assets without donor restrictions

    beginning of year $65,479,732 · end of year $59,028,458

  • 28 · Net assets with donor restrictions

    beginning of year $12,661,209 · end of year $11,970,750

Mission and programs · 2022

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 $4,202,517 · Grants $4,202,517

As filed on the 2022 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 + 2.3 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

  • Carolyn Leontos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • David Fukuda

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • John H Cochrane III

    PRESIDENT/CHIEF EXECUTIVE

    Total calculated
    $1,071,394
    From this org
    $0
    From related orgs
    $1,032,339
    Other
    $39,055
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $520,513 related
    Bonus
    $0 + $475,000 related
    Other
    $0 + $36,826 related
    Deferred
    $0 + $13,636 related
    Nontaxable benefits
    $0 + $25,419 related
    Filer's total
    $0 + $1,071,394 related

  • Daniel Ogus

    CHIEF OPERATING OFFICER

    Total calculated
    $830,044
    From this org
    $0
    From related orgs
    $786,516
    Other
    $43,528
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $401,624 related
    Bonus
    $0 + $328,000 related
    Other
    $0 + $56,892 related
    Deferred
    $0 + $12,575 related
    Nontaxable benefits
    $0 + $30,953 related
    Filer's total
    $0 + $830,044 related

  • Fleming Meng

    CHIEF INFORMATION OFFICER

    Total calculated
    $473,444
    From this org
    $0
    From related orgs
    $434,627
    Other
    $38,817
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $244,675 related
    Bonus
    $0 + $189,000 related
    Other
    $0 + $952 related
    Deferred
    $0 + $13,520 related
    Nontaxable benefits
    $0 + $25,297 related
    Filer's total
    $0 + $473,444 related

  • Andrew McDonald

    CHIEF FINANCIAL OFFICER

    Total calculated
    $590,708
    From this org
    $0
    From related orgs
    $552,085
    Other
    $38,623
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $325,230 related
    Bonus
    $0 + $198,000 related
    Other
    $0 + $28,855 related
    Deferred
    $0 + $12,910 related
    Nontaxable benefits
    $0 + $25,713 related
    Filer's total
    $0 + $590,708 related

  • Bethany Ghassemi

    CHIEF LEGAL OFFICER

    Total calculated
    $488,378
    From this org
    $0
    From related orgs
    $472,179
    Other
    $16,199
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $301,298 related
    Bonus
    $0 + $153,000 related
    Other
    $0 + $17,881 related
    Deferred
    $0 + $13,162 related
    Nontaxable benefits
    $0 + $3,037 related
    Filer's total
    $0 + $488,378 related

  • Anika Hartounian

    VP OF FINANCE

    Total calculated
    $370,321
    From this org
    $0
    From related orgs
    $331,581
    Other
    $38,740
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $223,635 related
    Bonus
    $0 + $101,250 related
    Other
    $0 + $6,696 related
    Deferred
    $0 + $9,708 related
    Nontaxable benefits
    $0 + $29,032 related
    Filer's total
    $0 + $370,321 related

  • Juanita Fraley

    VP PHILANTHROPY

    Total calculated
    $327,796
    From this org
    $0
    From related orgs
    $297,953
    Other
    $29,843
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $197,938 related
    Bonus
    $0 + $90,000 related
    Other
    $0 + $10,015 related
    Deferred
    $0 + $7,892 related
    Nontaxable benefits
    $0 + $21,951 related
    Filer's total
    $0 + $327,796 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 EXCEEDING BUDGETED NET CASH PRODUCTION ARISING FROM THE SUM OF OPERATIONAL PERFORMANCE AND NET TURNOVER ENTRANCE FEES, SUBJECT TO A CAP. 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
2022
Filed
8 November 2023
IRS schema version
2022v5.0
Source object
202323169349300212

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

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