Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $9,886,571

• 1g · Noncash contributions included above

  $885,131

• 3 · Investment income

  total $882,247 · unrelated business $4,159 · excluded $878,088

• 7a · Gross sales of assets other than inventory

  securities $18,937,552

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

  securities $11,377,010

• 7c · Gain or loss

  securities $7,560,542

• 7d · Net gain or loss

  total $7,560,542 · excluded $7,560,542

• 11a · Other revenue: Cash Discount

  total $3 · excluded $3

• 11e · Other revenue, total

  $3

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $4,357,259 · program services $4,357,259

• 2 · Grants to domestic individuals

  total $97,174 · program services $97,174

• 7 · Other salaries and wages

  total $769,426 · management and general $353,936 · fundraising $415,490

• 9 · Other employee benefits

  total $269,447 · management and general $123,946 · fundraising $145,501

• 10 · Payroll taxes

  total $57,997 · management and general $26,679 · fundraising $31,318

• 11c · Fees: accounting

  total $32,702 · management and general $32,702

• 11g · Fees: other

  total $54,543 · management and general $28,740 · fundraising $25,803

• 13 · Office expenses

  total $15,498 · management and general $7,129 · fundraising $8,369

• 14 · Information technology

  total $1,610 · management and general $1,610

• 16 · Occupancy

  total $4,740 · management and general $2,180 · fundraising $2,560

• 17 · Travel

  total $18,517 · management and general $17,470 · fundraising $1,047

• 19 · Conferences, conventions and meetings

  total $7,229 · management and general $3,325 · fundraising $3,904

• 22 · Depreciation, depletion and amortization

  total $9,169 · management and general $9,169

• 23 · Insurance

  total $13,192 · management and general $13,192

• 24a · Other expenses: Four Winds Invitational

  total $234,215 · management and general $107,739 · fundraising $126,476

• 24b · Other expenses: Corp Allocation

  total $221,622 · management and general $221,622

• 24c · Other expenses: Dues / Sub

  total $165,375 · management and general $76,073 · fundraising $89,303

• 24d · Other expenses: UBI Tax

  total $104 · management and general $104

• 24e · All other expenses

  total $151,550 · management and general $8,032 · fundraising $143,518

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $6,929,163 · end of year $12,140,269

• 3 · Pledges and grants receivable

  beginning of year $2,100 · end of year $0

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

  $257,989

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

  $248,578

• 10c · Land, buildings and equipment, net

  beginning of year $18,581 · end of year $9,411

• 11 · Investments: publicly traded securities

  beginning of year $21,956,729 · end of year $31,256,860

• 12 · Investments: other securities

  beginning of year $13,726,529 · end of year $7,049,439

• 15 · Other assets

  beginning of year $12,146 · end of year $12,146

• 17 · Accounts payable and accrued expenses

  beginning of year $16,575 · end of year $2,074

• 27 · Net assets without donor restrictions

  beginning of year $31,795,716 · end of year $34,064,537

• 28 · Net assets with donor restrictions

  beginning of year $10,832,957 · end of year $16,401,514

The filer's explanations (Part III)

Part I, Line 3

Beacon Health Foundation, Inc. uses a related organization's (Beacon Health System, Inc.) compensation review process. This review process includes an extensive examination using comparable market data that is then reviewed by an independent consultant hired by, and reporting to, the board of directors. Recommendations are presented to the board for deliberation and final decision.

Part I, Line 4b

Beacon Health System implemented an executive retention plan to attract and retain key employees by providing additional deferred compensation. The Chief Executive Officer will participate in the plan and will select other participants pursuant to the guidelines set by the employer's board of directors. The employer may make contributions under the plan and has sole discretion over whether to make a contribution. Vesting occurs on January 1 of the fifth year for which such contributions are made for participants who have been continuously employed. The plan also allows vesting to occur if the participant attains the age of 62. The following individuals received vested payments in 2024, reflected in column (b)(iii): Kreg Gruber, $198,816 Jeffrey Costello, $130,545 Susan King, $42,671 The following individuals received deferred payments in 2024 that will vest in future years, which are reflected in column c: Kreg Gruber, $215,393 Jeffrey Costello, $122,283 Susan King, $55,865

Related partnerships

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

• South Bend Specialty Surgery Center LLC

  Ambulatory Surgery Center · IN

Related corporations and trusts

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

• Beacon Health Ventures Inc

  C · Home Medical · IN · controlled entity

  Directly controlled by Beacon Health System Inc

• Beacon Health Ventures Michigan Inc

  C · Home Medical · MI · controlled entity

  Directly controlled by Beacon Health System Inc