Form 990 for tax year 2022
Filed by SOUTH COUNTY HOSPITAL HEALTHCARE SYSTEM ENDOWMENT.
Totals
- Total revenue
- $770,740
- Total expenses
- $0
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $770,740
- Other revenue
- $0
- Total assets, end of year
- $27,578,026
- Total liabilities, end of year
- $20,657
- Net assets or fund balances, end of year
- $27,557,369
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
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.
-
3 · Investment income
total $742,470 · excluded $742,470
-
7a · Gross sales of assets other than inventory
securities $3,105,647
-
7b · Less cost or other basis and sales expenses
securities $3,077,377
-
7c · Gain or loss
securities $28,270
-
7d · Net gain or loss
total $28,270 · excluded $28,270
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $694,938 · end of year $779,786
-
2 · Savings and temporary cash investments
beginning of year $871,780
-
10a · Land, buildings and equipment: cost or other basis
$562,546
-
10b · Land, buildings and equipment: accumulated depreciation
$562,546
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $14,056,658 · end of year $15,837,026
-
12 · Investments: other securities
beginning of year $9,729,808 · end of year $10,961,214
-
25 · Other liabilities
beginning of year $807,095 · end of year $20,657
-
27 · Net assets without donor restrictions
beginning of year $24,546,089 · end of year $27,557,369
Mission and programs · 2022
Mission
PARENT ENTITY TO SOUTH COUNTY HOSPITAL HEALTHCARE SYSTEM WHICH PROVIDES PHILANTHROPIC SUPPORT TO THE SYSTEM AND AFFILIATES.
-
IN PREVIOUS YEARS, SOUTH COUNTY HOSPITAL HEALTHCARE SYSTEM ENDOWMENT PROVIDED PLANNING, MANAGEMENT, AND FUNDRAISING ACTIVITIES FOR SOUTH COUNTY HOSPITAL AND SOUTH COUNTY HOME HEALTH. BY PROVIDING THESE SERVICES, THE HOSPITAL AND SOUTH COUNTY HOME HEALTH, WERE ABLE TO FOCUS THEIR ACTIVITIES MORE TOWARD PROVIDING HIGH-QUALITY MEDICAL SERVICES TO PERSONS IN SOUTHERN RHODE ISLAND. THE HEALTHCARE SYSTEM ENDOWMENT WAS INSTRUMENTAL IN HELPING RECRUIT NEW PHYSICIANS TO WORK FOR SOUTH COUNTY HOSPITAL, RAISE ADDITIONAL CHARITABLE DONATIONS FOR THE HOSPITAL SYSTEM AND PROMOTE THE HOSPITAL SYSTEM TO THE COMMUNITY. IN FISCAL YEAR ENDED SEPTEMBER 30, 2022, THIS ACTIVITY WAS TRANSFERRED TO THE SOUTH COUNTY HEALTH FOUNDATION.
As filed on the 2022 return.
Listed in Part VII
-
Christopher JalbertCHRISTOPHER JALBERT
VP OF MED STAFF
- Total calculated
- $286,025
- From this org
- $0
- From related orgs
- $256,907
- Other
- $29,118
- Hours/week
- 1 + 42 related
Schedule J breakdown matched by us
- Base
- $0 + $248,495 related
- Bonus
- $0 + $8,013 related
- Other
- $0 + $399 related
- Deferred
- $0 + $9,321 related
- Nontaxable benefits
- $0 + $19,797 related
- Filer's total
- $0 + $286,025 related
-
Joseph MatthewsJOSEPH MATTHEWS
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
James FarrellJAMES FARRELL
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Noah BenedictNOAH BENEDICT
SECRETARY (AS OF 4/23)
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Betty Rambur PhD RNBETTY RAMBUR PHD RN
TREASURER (AS OF 4/23)
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Victoria A WicksVICTORIA A WICKS
TRUSTEE, TREASURER (UNTIL 4/23)
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Robert Bierwirth MDROBERT BIERWIRTH MD
PRESIDENT OF MED STAFF
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Steve BlazejewskiSTEVE BLAZEJEWSKI
TRUSTEE (THRU 4/23)
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Sandra ColettaSANDRA COLETTA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Robert Dyer MDROBERT DYER MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
John H HowlandJOHN H HOWLAND
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Rogean MakowskiROGEAN MAKOWSKI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Jason MarshallJASON MARSHALL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Rick NorbergRICK NORBERG
TRUSTEE (AS OF 4/23)
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Austin C SmithAUSTIN C SMITH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
John WardleJOHN WARDLE
TRUSTEE (THRU 4/23)
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Barbara WolfeBARBARA WOLFE
TRUSTEE (AS OF 4/23)
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Aaron S RobinsonAARON S ROBINSON
PRESIDENT AND CEO
- Total calculated
- $885,565
- From this org
- $0
- From related orgs
- $854,719
- Other
- $30,846
- Hours/week
- 1 + 42 related
Schedule J breakdown matched by us
- Base
- $0 + $712,259 related
- Bonus
- $0 + $130,625 related
- Other
- $0 + $11,835 related
- Deferred
- $0 + $10,675 related
- Nontaxable benefits
- $0 + $20,171 related
- Filer's total
- $0 + $885,565 related
-
Thomas J BreenTHOMAS J BREEN
VP AND CHIEF FINANCIAL OFFICER
- Total calculated
- $459,415
- From this org
- $0
- From related orgs
- $432,344
- Other
- $27,071
- Hours/week
- 1 + 44 related
Schedule J breakdown matched by us
- Base
- $0 + $426,151 related
- Bonus
- $0
- Other
- $0 + $6,193 related
- Deferred
- $0 + $10,675 related
- Nontaxable benefits
- $0 + $16,396 related
- Filer's total
- $0 + $459,415 related
-
Aaron Weisbord MDAARON WEISBORD MD
FORMER TRUSTEE
- Total calculated
- $463,235
- From this org
- $0
- From related orgs
- $432,413
- Other
- $30,822
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $211,823 related
- Bonus
- $0 + $214,358 related
- Other
- $0 + $6,232 related
- Deferred
- $0 + $10,150 related
- Nontaxable benefits
- $0 + $20,672 related
- Filer's total
- $0 + $463,235 related
-
Salvatore Abbruzzese Jr DoSALVATORE ABBRUZZESE JR DO
FORMER PRESIDENT OF MED STAFF
- Total calculated
- $278,922
- From this org
- $0
- From related orgs
- $249,950
- Other
- $28,972
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $232,198 related
- Bonus
- $0 + $15,825 related
- Other
- $0 + $1,927 related
- Deferred
- $0 + $9,322 related
- Nontaxable benefits
- $0 + $19,650 related
- Filer's total
- $0 + $278,922 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
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)
- PART I, LINE 3
- THE COMPENSATION OF THE CEO IS DETERMINED BY SOUTH COUNTY HOSPITAL HEALTHCARE SYSTEM WHICH USES THE FORM 990 OF OTHER ORGANIZATIONS, A COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO DETERMINE COMPENSATION.
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
No itemized grants to organizations 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.
-
SOUTH COUNTY HOSPITAL HEALTHCARE SYSTEM
501(C)(3) · HEALTHCARE · RI · controlled entity
Directly controlled by SCH ENDOWMENT
-
501(C)(3) · HEALTHCARE · RI · controlled entity
Directly controlled by SCH HEALTHCARE
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SOUTH COUNTY HEALTH FOUNDATION
501(C)(3) · SUPPORT · RI · controlled entity
Directly controlled by SCH HEALTHCARE
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.
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SILVER SPRING HEALTH CARE MANAGEMENT
C · HOLDING COMPANY · RI · 100% owned · controlled entity
Directly controlled by SCH HEALTHCARE
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SOUTH COUNTY QUALITY CARE
C · PERSONAL CARE · RI · 100% owned · controlled entity
Directly controlled by SS HEALTHCARE
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SSHM SURGICAL SUPPLY INC
C · RETAIL OF MED EQP · RI · 100% owned · controlled entity
Directly controlled by SS HEALTHCARE
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CHARITABLE REMAINDER TRUSTS (3)
T · CHARITABLE TRUST · RI · controlled entity
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 12 August 2024
- IRS schema version
- 2022v5.0
- Source object
- 202442279349302274
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