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Nonprofiteer
← ST JOSEPHS HEALTH FUND

Form 990 for tax year 2023

Filed by ST JOSEPHS HEALTH FUND.

Totals

Total revenue
$2,082,375
Total expenses
$1,983,039
Contributions and grants received
$1,844,482
Grants paid
$1,042,391
Program service revenue
$0
Investment income
$237,893
Other revenue
$0
Total assets, end of year
$7,656,828
Total liabilities, end of year
$168,028
Net assets or fund balances, end of year
$7,488,800
Program services expenses (Part IX)
$1,550,425
Management and general expenses
$432,614
Fundraising expenses
$0
Program service expenses (Part III)
$1,550,425

Program services were 78.2% 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.

  • 1c · Fundraising events

    $1,006,130

  • 1f · All other contributions, gifts and grants

    $838,352

  • 3 · Investment income

    total $218,545 · excluded $218,545

  • 7a · Gross sales of assets other than inventory

    securities $920,351

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

    securities $901,003

  • 7c · Gain or loss

    securities $19,348

  • 7d · Net gain or loss

    total $19,348 · excluded $19,348

  • 8a · Fundraising events: gross income

    $0

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

    $1,006,130

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,042,391 · program services $1,042,391

  • 11a · Fees: management

    total $331,648 · management and general $331,648

  • 11c · Fees: accounting

    total $15,000 · management and general $15,000

  • 11f · Fees: investment management

    total $44,381 · management and general $44,381

  • 11g · Fees: other

    total $519,009 · program services $508,034 · management and general $10,975

  • 24a · Other expenses: BANK FEES

    total $29,007 · management and general $29,007

  • 24b · Other expenses: FOREIGN TAX

    total $1,603 · management and general $1,603

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,743,317 · end of year $2,150,793

  • 3 · Pledges and grants receivable

    beginning of year $68,650 · end of year $20,600

  • 11 · Investments: publicly traded securities

    beginning of year $3,446,024 · end of year $5,456,962

  • 15 · Other assets

    beginning of year $14,559 · end of year $28,473

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,310 · end of year $15,248

  • 25 · Other liabilities

    beginning of year $193,523 · end of year $152,780

  • 27 · Net assets without donor restrictions

    beginning of year $872,252 · end of year $780,070

  • 28 · Net assets with donor restrictions

    beginning of year $6,190,465 · end of year $6,708,730

Mission and programs · 2023

Mission

SOLICIT CONTRIBUTIONS FROM THE GENERAL PUBLIC, GENERALLY IN THE NEW YORK METROPOLITAN AREA, FOR THE BENEFIT OF SJMC, INC.

Activities or mission (Part I)

SUPPORT SJMC, INC. AND ST. JOSEPH'S MEDICAL CENTER TO PROMOTE QUALITY HEALTH CARE FOR THE COMMUNITY.

  • THE HEALTH FUND IS A SUPPORTING ORGANIZATION TO BENEFIT SJMC, INC., AN AFFILIATE OF ST. JOSEPH'S MEDICAL CENTER, NOT-FOR-PROFIT CORPORATION ESTABLISHED UNDER 501(C)(3) OF THE CODE.

    Expenses $1,550,425 · Grants $1,042,391

As filed on the 2023 return.

Listed in Part VII

  • Michael J Spicer

    TREASURER

    Total calculated
    $1,524,627
    From this org
    $0
    From related orgs
    $1,298,552
    Other
    $226,075
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $1,252,070 related
    Bonus
    $0
    Other
    $0 + $46,482 related
    Deferred
    $0 + $194,282 related
    Nontaxable benefits
    $0 + $31,793 related
    Filer's total
    $0 + $1,524,627 related

  • Richard O'Neill

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • William W Doty

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Susan Corbett

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Ronald J Sylvestri

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Sr Donna Dodge

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • James Landy

    TRUSTEE

    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

  • 4b · Supplemental nonqualified retirement plan

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
APARTMENT RENT IS INCLUDED IN TAXABLE COMPENSATION PAID BY ST. JOSEPH'S HOSPITAL YONKERS FOR THE PRESIDENT & CEO, MICHAEL J. SPICER.
PART I, LINE 3
THE CEO'S COMPENSATION IS DETERMINED AND PAID BY ST. JOSEPH'S HOSPITAL OF YONKERS, NY, A RELATED TAX-EXEMPT ORGANIZATION. THE AMOUNT OF COMPENSATION PAID TO THE HOSPITAL'S CEO IS REVIEWED PERIODICALLY BY THE GOVERNANCE COMMITTEE WHICH IS COMPRISED OF MEMBERS OF THE BOARD OF TRUSTEES. THE AMOUNT OF COMPENSATION IS EVALUATED FOR COMPARABILITY WITH OTHER SIMILAR TYPES OF ORGANIZATIONS USING THE GUIDESTAR COMPENSATION REPORT. FINDINGS OF THE COMPENSATION COMMITTEE ARE REPORTED TO THE BOARD OF TRUSTEES AND DOCUMENTED IN THE MINUTES.
PART I, LINE 4B
MICHAEL J SPICER PARTICIPATED IN THE SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN OF ST. JOSEPH'S HOSPITAL OF YONKERS, NY DURING 2023, BUT DID NOT RECEIVE A DISTRIBUTION.

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

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
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202433199349304923

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