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Nonprofiteer
← HARTFORD HEALTHCARE ENDOWMENT LLC

Form 990 for tax year 2023

Filed by HARTFORD HEALTHCARE ENDOWMENT LLC.

Totals

Total revenue
$92,589,948
Total expenses
$10,757,604
Contributions and grants received
$0
Grants paid
$0
Program service revenue
not reported
Investment income
not reported
Other revenue
not reported
Total assets, end of year
not reported
Total liabilities, end of year
not reported
Net assets or fund balances, end of year
not reported
Program services expenses (Part IX)
$10,757,604
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$10,757,604

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • BIMAL PATEL

    DIRECTOR

    Total calculated
    $2,447,701
    From this org
    $0
    From related orgs
    $2,377,375
    Other
    $70,326
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $872,646 related
    Bonus
    $0 + $434,804 related
    Other
    $0 + $1,069,925 related
    Deferred
    $0 + $23,100 related
    Nontaxable benefits
    $0 + $47,226 related
    Filer's total
    $0 + $2,447,701 related

  • CHIBUEZE AGBA

    DIRECTOR

    Total calculated
    $1,934,908
    From this org
    $0
    From related orgs
    $1,699,330
    Other
    $235,578
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,078,863 related
    Bonus
    $0 + $603,043 related
    Other
    $0 + $17,424 related
    Deferred
    $0 + $183,155 related
    Nontaxable benefits
    $0 + $52,423 related
    Filer's total
    $0 + $1,934,908 related

  • DONNA HANDLEY

    DIRECTOR

    Total calculated
    $978,621
    From this org
    $0
    From related orgs
    $903,338
    Other
    $75,283
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $531,770 related
    Bonus
    $0 + $269,749 related
    Other
    $0 + $101,819 related
    Deferred
    $0 + $23,100 related
    Nontaxable benefits
    $0 + $52,183 related
    Filer's total
    $0 + $978,621 related

  • ERIC SMULLEN

    DIRECTOR

    Total calculated
    $727,676
    From this org
    $0
    From related orgs
    $655,388
    Other
    $72,288
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $335,210 related
    Bonus
    $0 + $174,814 related
    Other
    $0 + $145,364 related
    Deferred
    $0 + $23,100 related
    Nontaxable benefits
    $0 + $49,188 related
    Filer's total
    $0 + $727,676 related

  • GARY HAVICAN

    DIRECTOR

    Total calculated
    $900,380
    From this org
    $0
    From related orgs
    $763,568
    Other
    $136,812
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $506,428 related
    Bonus
    $0 + $253,055 related
    Other
    $0 + $4,085 related
    Deferred
    $0 + $97,862 related
    Nontaxable benefits
    $0 + $38,950 related
    Filer's total
    $0 + $900,380 related

  • JAMES O'DEA

    DIRECTOR

    Total calculated
    $641,134
    From this org
    $0
    From related orgs
    $576,408
    Other
    $64,726
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $344,084 related
    Bonus
    $0 + $173,338 related
    Other
    $0 + $58,986 related
    Deferred
    $0 + $23,100 related
    Nontaxable benefits
    $0 + $41,626 related
    Filer's total
    $0 + $641,134 related

  • JEFFREY FINKELSTEIN

    DIRECTOR

    Total calculated
    $679,632
    From this org
    $0
    From related orgs
    $608,485
    Other
    $71,147
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $450,909 related
    Bonus
    $0 + $150,781 related
    Other
    $0 + $6,795 related
    Deferred
    $0 + $23,100 related
    Nontaxable benefits
    $0 + $48,047 related
    Filer's total
    $0 + $679,632 related

  • WILLIAM JENNINGS

    DIRECTOR

    Total calculated
    $1,665,318
    From this org
    $0
    From related orgs
    $1,474,125
    Other
    $191,193
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $994,075 related
    Bonus
    $0 + $468,698 related
    Other
    $0 + $11,352 related
    Deferred
    $0 + $153,251 related
    Nontaxable benefits
    $0 + $37,942 related
    Filer's total
    $0 + $1,665,318 related

  • DAVID HOLMGREN

    FORMER CIO

    Total calculated
    $590,775
    From this org
    $0
    From related orgs
    $590,775
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $590,775 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $590,775 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

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 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)

Schedule J, Part I, Line 4a Severance or change-of-control payment
IN 2023, A FORMER OFFICER, DAVID HOLMGREN, RECEIVED A LUMP SUM SEVERANCE PAYMENT IN THE AMOUNT OF $590,775.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
HARTFORD HEALTHCARE CORPORATION, A RELATED ORGANIZATION, MAINTAINS A 457(F) SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP). PARTICIPANTS INCLUDE CERTAIN OFFICERS AND KEY EMPLOYEES AT THE PRESIDENT & CEO, EXECUTIVE VICE PRESIDENT AND SENIOR VICE PRESIDENT LEVELS THAT ARE REPORTED BY HARTFORD HEALTHCARE ENDOWMENT LLC ON ITS FORM 990, PART VII. CONTRIBUTIONS ARE MADE BY HARTFORD HEALTHCARE CORPORATION TO THE PLAN BASED ON A PERCENTAGE OF THE PARTICIPANT'S COMPENSATION. PARTICIPANTS VEST IN THE PLAN AT THE EARLIER OF REACHING AGE 55 AND HAVING 5 YEARS OF SERVICE, DEATH, DISABILITY, INVOLUNTARY SEPARATION WITHOUT REASONABLE CAUSE, UPON REACHING AGE 65 OR THE OCCURRENCE OF A CHANGE IN CONTROL. EACH PARTICIPANT CEASES TO BE ELIGIBLE FOR FURTHER CONTRIBUTIONS BY HARTFORD HEALTHCARE CORPORATION ON THE DATE OF THE PARTICIPANT'S SEPARATION FROM SERVICE. PARTICIPANTS RECEIVE A ONE-TIME LUMP SUM PAYMENT OF THE ACCUMULATED AMOUNT DURING THE 30-DAY PERIOD FOLLOWING THE PARTICIPANT'S SEPARATION FROM SERVICE. 2023 SERP ACCRUALS WERE MADE ON BEHALF OF THE FOLLOWING INDIVIDUALS: CHIBUEZE AGBA $160,055 GARY HAVICAN $74,762 WILLIAM JENNINGS $130,151 2023 SERP PAYOUTS WERE MADE ON BEHALF OF THE FOLLOWING INDIVIDUALS: BITMAL PATEL $642,790 ERIC SMULLEN $91,900 BITMAL PATEL $712,843* ERIC SMULLEN $43,933* DONNA HADLEY $16,001* JAMES O'DEA $24,808* *FOR THESE INDIVIDUALS, VESTING OCCURRED, CAUSING TAXABLE INCOME. THIS PORTION OF THE VESTED AMOUNT WAS USED TO PAY THE ASSOCIATED TAX LIABILITY. THE REMAINING BALANCE WAS DEPOSITED INTO THE EMPLOYEE SERP ACCOUNT.
Schedule J, Part I, Line 7 Non-fixed payments
HARTFORD HEALTHCARE CORPORATION, A RELATED ORGANIZATION, HAS A COMPENSATION AT RISK PLAN THAT ENCOURAGES AND REWARDS ACHIEVEMENTS OF SIGNIFICANT FUNCTIONAL GOALS. THESE GOALS CONTRIBUTE TO THE ORGANIZATION'S STRATEGIC AND FINANCIAL DIRECTION. THE PLAN UTILIZES MARKET PRACTICE ALIGNMENT TO ENSURE COMPETITIVE RECRUITMENT AND RETENTION. AWARDS ARE BASED ON CEO AND/OR HARTFORD HEALTHCARE CORPORATION'S COMPENSATION COMMITTEE DISCRETIONARY ASSESSMENT OF OVERALL ORGANIZATION PERFORMANCE AND INDIVIDUAL CONTRIBUTION TO RESULTS.
Schedule J, Part I, Line 3 RELATED ORGANIZATION METHODS TO ESTABLISH COMPENSATION
THE INDEPENDENT EXECUTIVE COMPENSATION COMMITTEE (COMMITTEE) OF THE BOARD ENDOWMENT LLC, HIRES AN OUTSIDE CONSULTANT, HUMAN RESOURCES AND IN GOVERNING EXECUTIVE COMPENSATION. PLEASE REFER TO COMPENSATION NARRATIVE OF DIRECTORS OF HARTFORD HEALTHCARE ON BEHALF OF HARTFORD HEALTHCARE COMPENSATION CONSULTING PRACTICE OF GALLAGHER, TO DETERMINE BEST PRACTICES REPORTED ON SCHEDULE O.

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
13 August 2025
IRS schema version
2023v6.0
Source object
202512259349302286

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