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Nonprofiteer
← SOUTH COUNTY HOSPITAL HEALTHCARE SYSTEM ENDOWMENT

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 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 Matthews

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • James Farrell

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Noah Benedict

    SECRETARY (AS OF 4/23)

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Betty Rambur PhD RN

    TREASURER (AS OF 4/23)

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Victoria A Wicks

    TRUSTEE, TREASURER (UNTIL 4/23)

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Robert Bierwirth MD

    PRESIDENT OF MED STAFF

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Steve Blazejewski

    TRUSTEE (THRU 4/23)

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Sandra Coletta

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Robert Dyer MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • John H Howland

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Rogean Makowski

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Jason Marshall

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Rick Norberg

    TRUSTEE (AS OF 4/23)

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Austin C Smith

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • John Wardle

    TRUSTEE (THRU 4/23)

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Barbara Wolfe

    TRUSTEE (AS OF 4/23)

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Aaron 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 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 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 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.

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.

  • SILVER SPRING HEALTH CARE MANAGEMENT

    C · HOLDING COMPANY · RI · 100% owned · controlled entity

    Directly controlled by SCH HEALTHCARE

  • SOUTH COUNTY QUALITY CARE

    C · PERSONAL CARE · RI · 100% owned · controlled entity

    Directly controlled by SS HEALTHCARE

  • SSHM SURGICAL SUPPLY INC

    C · RETAIL OF MED EQP · RI · 100% owned · controlled entity

    Directly controlled by SS HEALTHCARE

  • 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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