Skip to content
Nonprofiteer
← BENEVOLENT HEALTHCARE FOUNDATION

Form 990 for tax year 2022

Filed by BENEVOLENT HEALTHCARE FOUNDATION.

Totals

Total revenue
$65,331,739
Total expenses
$82,910,576
Contributions and grants received
$65,145,642
Grants paid
$0
Program service revenue
$0
Investment income
$132,637
Other revenue
$53,460
Total assets, end of year
$114,806,721
Total liabilities, end of year
$7,105,549
Net assets or fund balances, end of year
$107,701,172
Program services expenses (Part IX)
$80,281,439
Management and general expenses
$507,976
Fundraising expenses
$2,121,161
Program service expenses (Part III)
$80,281,439

Program services were 96.8% 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

    $728,550

  • 1e · Government grants (contributions)

    $415,354

  • 1f · All other contributions, gifts and grants

    $64,001,738

  • 1g · Noncash contributions included above

    $54,599,868

  • 3 · Investment income

    total $133,792 · excluded $133,792

  • 6a · Gross rents

    real property $438,056

  • 6b · Less rental expenses

    real property $172,484

  • 6c · Rental income or loss

    real property $265,572

  • 6d · Net rental income or loss

    total $265,572 · excluded $265,572

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

    securities $1,155

  • 7c · Gain or loss

    securities -$1,155

  • 7d · Net gain or loss

    total -$1,155 · excluded -$1,155

  • 8a · Fundraising events: gross income

    $99,400

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

    $728,550

  • 8b · Fundraising events: direct expenses

    $311,512

  • 8c · Net income from fundraising events

    total -$212,112 · excluded -$212,112

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $587,365 · program services $286,953 · management and general $50,000 · fundraising $250,412

  • 7 · Other salaries and wages

    total $2,467,663 · program services $1,166,549 · management and general $70,648 · fundraising $1,230,466

  • 9 · Other employee benefits

    total $199,010 · program services $170,338 · management and general $11,155 · fundraising $17,517

  • 10 · Payroll taxes

    total $126,312 · program services $107,783 · management and general $7,892 · fundraising $10,637

  • 11c · Fees: accounting

    total $203,664 · management and general $203,664

  • 12 · Advertising and promotion

    total $331,304 · fundraising $331,304

  • 13 · Office expenses

    total $123,296 · program services $77,221 · management and general $4,828 · fundraising $41,247

  • 14 · Information technology

    total $52,841 · program services $33,095 · management and general $2,069 · fundraising $17,677

  • 16 · Occupancy

    total $1,471,157 · program services $1,454,895 · management and general $16,262

  • 17 · Travel

    total $459,921 · program services $329,107 · management and general $17,784 · fundraising $113,030

  • 20 · Interest

    total $135,741 · program services $117,885 · management and general $17,856

  • 22 · Depreciation, depletion and amortization

    total $297,564 · program services $264,694 · management and general $31,245 · fundraising $1,625

  • 23 · Insurance

    total $69,164 · program services $52,763 · management and general $16,401

  • 24a · Other expenses: DONATED MEDICAL EQUIP

    total $72,826,392 · program services $72,826,392

  • 24b · Other expenses: SHIPPING

    total $1,896,402 · program services $1,896,402

  • 24c · Other expenses: MEDICAL SUPPLIES PURCH

    total $1,142,475 · program services $1,142,475

  • 24d · Other expenses: DUES AND PROFESSIONAL E

    total $180,172 · program services $68,055 · management and general $21,529 · fundraising $90,588

  • 24e · All other expenses

    total $340,133 · program services $286,832 · management and general $36,643 · fundraising $16,658

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,225,991 · end of year $408,486

  • 2 · Savings and temporary cash investments

    beginning of year $11,301,974 · end of year $12,232,327

  • 4 · Accounts receivable

    beginning of year $87,431 · end of year $369,528

  • 8 · Inventories for sale or use

    beginning of year $111,350,690 · end of year $93,033,227

  • 9 · Prepaid expenses and deferred charges

    beginning of year $158,527 · end of year $2,505,087

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

    $10,021,641

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

    $3,763,575

  • 10c · Land, buildings and equipment, net

    beginning of year $6,352,515 · end of year $6,258,066

  • 17 · Accounts payable and accrued expenses

    beginning of year $990,662 · end of year $946,126

  • 23 · Secured mortgages and notes payable

    beginning of year $4,206,458 · end of year $3,781,411

  • 25 · Other liabilities

    beginning of year $0 · end of year $2,378,012

  • 27 · Net assets without donor restrictions

    beginning of year $117,931,134 · end of year $101,482,645

  • 28 · Net assets with donor restrictions

    beginning of year $7,348,874 · end of year $6,218,527

Mission and programs · 2022

Mission

PROJECT C.U.R.E.'S MISSION IS TO IDENTIFY, SOLICIT, COLLECT, SORT, AND DISTRIBUTE MEDICAL SUPPLIES AND SERVICES ACCORDING TO THE IMPERATIVE NEEDS OF THE WORLD.

Activities or mission (Part I)

SOLICIT, COLLECT & DISTRIBUTE MEDICAL EQUIPMENT & SUPPLIES TO THE WORLD'S NEEDIEST COUNTRIES.

  • PROJECT C.U.R.E. DISTRIBUTES MEDICAL EQUIPMENT AND SUPPLIES TO THE MOST DESPERATELY NEEDY PEOPLE OF THE WORLD. SINCE INCEPTION, WE HAVE DELIVERED MEDICAL CARGO LOADS TO MORE THAN 135 COUNTRIES.

    Expenses $80,281,439

As filed on the 2022 return.

Listed in Part VII

  • W Douglas Jackson

    PRESIDENT & CEO

    Total calculated
    $258,347
    From this org
    $232,589
    From related orgs
    $0
    Other
    $25,758
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $222,218
    Bonus
    $0
    Other
    $10,371
    Deferred
    $0
    Nontaxable benefits
    $25,758
    Filer's total
    $258,347

  • Dr James Jackson

    FOUNDER AND DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Richard Campbell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brad Lidge

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Thomas Malley

    CHAIRMAN OF THE BOARD

    Total calculated
    $0
    Hours/week
    2

  • Bruce Schroffel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Daniel Yohannes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gary Goldberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kristofer Anderson

    VP OF OPERATIONS

    Total calculated
    $201,642
    From this org
    $195,508
    From related orgs
    $0
    Other
    $6,134
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $167,094
    Bonus
    $28,414
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $6,134
    Filer's total
    $201,642

  • Melisa Esposti

    DIR. OF GOVERNMENT RELATIO

    Total calculated
    $116,502
    From this org
    $115,906
    From related orgs
    $0
    Other
    $596
    Hours/week
    45

  • Amy Greene

    DIR. OF PROGRAM MANAGEMENT

    Total calculated
    $121,832
    From this org
    $113,288
    From related orgs
    $0
    Other
    $8,544
    Hours/week
    45

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

  • 3 · Approval by the board or compensation committee

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

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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • BENEVOLENT HEALTHCARE FOUNDATION OF DENVER LLC

    TO HOLD OWNERSHIP OF FACILITY IN CENTENNIAL CO & TO PROTECT THE ASSET · CO

    Directly controlled by BENEVOLENT HEALTHCARE FOUNDATION DBA PROJECT CURE

  • BENEVOLENT HEALTHCARE FOUNDATION OF NASHVILLE LLC

    TO HOLD OWNERSHIP OF THE FACILITY IN NASHVILLE TN & TO PROTECT THE ASSET · CO · income $438,056

    Directly controlled by BENEVOLENT HEALTHCARE FOUNDATION DBA PROJECT CURE

Provenance

Return type
form_990
Tax year
2022
Filed
16 January 2024
IRS schema version
2022v5.0
Source object
202440179349300449

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

The source document this was parsed from is served over the API, which is where bulk and document access live.