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Nonprofiteer
← THE COOPER FOUNDATION INC

Form 990 for tax year 2023

Filed by THE COOPER FOUNDATION INC.

Totals

Total revenue
$6,922,969
Total expenses
$3,875,142
Contributions and grants received
$6,206,643
Grants paid
$156,095
Program service revenue
$0
Investment income
$598,622
Other revenue
$117,704
Total assets, end of year
$87,784,214
Total liabilities, end of year
$9,485,943
Net assets or fund balances, end of year
$78,298,271
Program services expenses (Part IX)
$3,150,143
Management and general expenses
$508,360
Fundraising expenses
$216,639
Program service expenses (Part III)
$3,150,143

Program services were 81.3% 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

    $3,823,047

  • 1f · All other contributions, gifts and grants

    $2,383,596

  • 3 · Investment income

    total $1,359,436 · excluded $1,359,436

  • 7a · Gross sales of assets other than inventory

    securities $25,582,920

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

    securities $26,343,734

  • 7c · Gain or loss

    securities -$760,814

  • 7d · Net gain or loss

    total -$760,814 · excluded -$760,814

  • 8a · Fundraising events: gross income

    $719,058

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

    $3,823,047

  • 8b · Fundraising events: direct expenses

    $601,354

  • 8c · Net income from fundraising events

    total $117,704 · excluded $117,704

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $73,425 · program services $73,425

  • 2 · Grants to domestic individuals

    total $82,670 · program services $82,670

  • 11f · Fees: investment management

    total $95,096 · management and general $95,096

  • 11g · Fees: other

    total $43,984 · management and general $43,984

  • 12 · Advertising and promotion

    total $125,599 · management and general $250 · fundraising $125,349

  • 13 · Office expenses

    total $44,720 · program services $140 · management and general $44,580

  • 23 · Insurance

    total $1,791 · program services $1,791

  • 24a · Other expenses: REIMB FOR COMP/BENEFITS

    total $2,119,334 · program services $1,813,236 · management and general $306,098

  • 24b · Other expenses: REIMB FOR MISC OVERHD

    total $979,266 · program services $979,266

  • 24c · Other expenses: ADMINISTRATIVE EXPENSE

    total $213,634 · program services $103,992 · management and general $18,352 · fundraising $91,290

  • 24e · All other expenses

    total $95,623 · program services $95,623

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,451,399 · end of year $14,678,026

  • 2 · Savings and temporary cash investments

    beginning of year $107,325 · end of year $107,378

  • 11 · Investments: publicly traded securities

    beginning of year $62,446,430 · end of year $72,543,152

  • 15 · Other assets

    beginning of year $419,106 · end of year $455,658

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $3,471

  • 25 · Other liabilities

    beginning of year $10,374,499 · end of year $9,482,472

  • 27 · Net assets without donor restrictions

    beginning of year $15,368,408 · end of year $24,338,099

  • 28 · Net assets with donor restrictions

    beginning of year $50,681,353 · end of year $53,960,172

Mission and programs · 2023

Mission

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO SUPPORT THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF THE COOPER HEALTH SYSTEM, A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION, AND ITS AFFILIATES WHICH PROVIDE MEDICALLY NECESSARY (SEE SCHEDULE O) HEALTHCARE SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN, RELIGION OR ABILITY TO PAY.

Activities or mission (Part I)

TO SUPPORT THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF THE COOPER HEALTH SYSTEM.

  • THE COOPER FOUNDATION (FOUNDATION) IS THE PHILANTHROPIC AND COMMUNITY OUTREACH ARM OF THE COOPER HEALTH SYSTEM (COOPER). THE FOUNDATION ASSISTS COOPER IN ACHIEVING ITS GOALS OF IMPROVING THE QUALITY OF LIFE IN OUR COMMUNITY AND PROVIDING EXCEPTIONAL MEDICAL CARE AND SERVICE FOR EVERY PATIENT, EVERY DAY, IN A PATIENT-CENTERED, FAMILY-FOCUSED ENVIRONMENT. THE FOUNDATION PROVIDES VARIOUS OPPORTUNITIES AND OPTIONS FOR DONORS TO SUPPORT COOPER'S MISSION. THE FOUNDATION RELIES UPON FINANCIAL SUPPORT FROM PHILANTHROPIC DONORS, FOUNDATION SPONSORED EVENTS, CORPORATE GIVING, GRANTS, CAPITAL CAMPAIGN SUPPORT, CORPORATE MATCHING GIFTS AND VARIOUS OTHER DONATIONS OR GIFTS. (SEE SCHEDULE O)

    Expenses $3,150,143 · Grants $156,095

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kevin O'Dowd JD

    TRUSTEE (CO-PRESIDENT CHS)

    Total calculated
    $3,185,230
    From this org
    $0
    From related orgs
    $2,969,402
    Other
    $215,828
    Hours/week
    3 + 52 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,381,711 related
    Bonus
    $0 + $1,440,000 related
    Other
    $0 + $147,691 related
    Deferred
    $0 + $183,691 related
    Nontaxable benefits
    $0 + $32,137 related
    Filer's total
    $0 + $3,185,230 related

  • Anthony Mazzarelli Mdjdmbe

    TRUSTEE (CO-PRESIDENT CHS)

    Total calculated
    $3,221,154
    From this org
    $0
    From related orgs
    $3,006,035
    Other
    $215,119
    Hours/week
    3 + 52 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,518,872 related
    Bonus
    $0 + $1,340,000 related
    Other
    $0 + $147,163 related
    Deferred
    $0 + $183,691 related
    Nontaxable benefits
    $0 + $31,428 related
    Filer's total
    $0 + $3,221,154 related

  • Generosa Grana MD

    TRUSTEE (DIR CC INST)

    Total calculated
    $1,109,654
    From this org
    $0
    From related orgs
    $1,081,013
    Other
    $28,641
    Hours/week
    3 + 52 related

    Schedule J breakdown matched by us

    Base
    $0 + $970,793 related
    Bonus
    $0 + $105,864 related
    Other
    $0 + $4,356 related
    Deferred
    $0 + $27,750 related
    Nontaxable benefits
    $0 + $891 related
    Filer's total
    $0 + $1,109,654 related

  • Roland Schwarting MD

    TRUSTEE (DEPT CHIEF/CHAIR-CHS)

    Total calculated
    $962,969
    From this org
    $0
    From related orgs
    $938,442
    Other
    $24,527
    Hours/week
    3 + 52 related

    Schedule J breakdown matched by us

    Base
    $0 + $833,623 related
    Bonus
    $0 + $96,437 related
    Other
    $0 + $8,382 related
    Deferred
    $0 + $8,250 related
    Nontaxable benefits
    $0 + $16,277 related
    Filer's total
    $0 + $962,969 related

  • Michael Goodman MD Beg 0523

    TRUSTEE (PRES. MED. STAFF-CHS)

    Total calculated
    $756,648
    From this org
    $0
    From related orgs
    $688,360
    Other
    $68,288
    Hours/week
    3 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $623,990 related
    Bonus
    $0 + $60,084 related
    Other
    $0 + $4,286 related
    Deferred
    $0 + $30,750 related
    Nontaxable benefits
    $0 + $37,538 related
    Filer's total
    $0 + $756,648 related

  • Philip A Norcross Esq

    CHAIRMAN/TRUSTEE

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Donna Forman

    FIRST VICE CHAIR/TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Christopher Fifis

    SECOND VICE CHAIR/TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Amanda Hartung-Dimattia

    THIRD VICE CHAIR/TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Grace Barr

    TRUSTEE (THRU 05/23)

    Total calculated
    $0
    Hours/week
    3

  • Jeffrey Brown

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Amanda R Burden MD

    TRUSTEE (DIVISION DIR-CHS)

    Total calculated
    $511,986
    From this org
    $0
    From related orgs
    $446,077
    Other
    $65,909
    Hours/week
    3

    Schedule J breakdown matched by us

    Base
    $0 + $382,651 related
    Bonus
    $0 + $61,653 related
    Other
    $0 + $1,773 related
    Deferred
    $0 + $30,031 related
    Nontaxable benefits
    $0 + $35,878 related
    Filer's total
    $0 + $511,986 related

  • Charles M Cahn

    TRUSTEE (THRU 05/23)

    Total calculated
    $0
    Hours/week
    3

  • Penny Ferrara

    TRUSTEE (THRU 05/23)

    Total calculated
    $0
    Hours/week
    3

  • Deb Fogel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Judith Heuisler

    TRUSTEE (THRU 05/23)

    Total calculated
    $0
    Hours/week
    3

  • Michael E Hirsch

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Colleen Hirst

    TRUSTEE (BEG 05/23)

    Total calculated
    $0
    Hours/week
    3

  • Anne E Koons

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Emily Kostic

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Deborah L Krauss-Kelleher

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Martha Matthews MD - Trustee

    (PRES. MED. STAFF-CHS)(THRU 5/23)

    Total calculated
    $587,687
    From this org
    $0
    From related orgs
    $547,871
    Other
    $39,816
    Hours/week
    3 + 52 related

    Schedule J breakdown matched by us

    Base
    $0 + $445,496 related
    Bonus
    $0 + $96,437 related
    Other
    $0 + $5,938 related
    Deferred
    $0 + $27,750 related
    Nontaxable benefits
    $0 + $12,066 related
    Filer's total
    $0 + $587,687 related

  • John McNiff

    TRUSTEE (BEG 05/23)

    Total calculated
    $0
    Hours/week
    3

  • Robert A Ortiz Jr

    TRUSTEE/SVP & CHIEF PHILANTHROPY OFF

    Total calculated
    $363,956
    From this org
    $0
    From related orgs
    $328,458
    Other
    $35,498
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $300,923 related
    Bonus
    $0 + $15,000 related
    Other
    $0 + $12,535 related
    Deferred
    $0 + $21,545 related
    Nontaxable benefits
    $0 + $13,953 related
    Filer's total
    $0 + $363,956 related

  • Ruth Palmer

    TRUSTEE (THRU 05/23)

    Total calculated
    $0
    Hours/week
    3

  • Sal Paolantonio

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Phyllis Pearl

    TRUSTEE (THRU 05/23)

    Total calculated
    $0
    Hours/week
    3

  • Adam J Taliaferro Esq

    TRUSTEE (THRU 05/23)

    Total calculated
    $0
    Hours/week
    3

  • Jack Tarditi

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Ann D Thomas

    TRUSTEE (THRU 05/23)

    Total calculated
    $0
    Hours/week
    3

  • Dina Mathews-Laurendeau

    BOARD SECRETARY/DIR. DEVEL.

    Total calculated
    $160,683
    From this org
    $0
    From related orgs
    $135,494
    Other
    $25,189
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $130,159 related
    Bonus
    $0 + $4,800 related
    Other
    $0 + $535 related
    Deferred
    $0 + $2,942 related
    Nontaxable benefits
    $0 + $22,247 related
    Filer's total
    $0 + $160,683 related

  • John Scianni

    TREASURER (VP/CONTROLLER-CHS)

    Total calculated
    $337,410
    From this org
    $0
    From related orgs
    $297,347
    Other
    $40,063
    Hours/week
    3 + 52 related

    Schedule J breakdown matched by us

    Base
    $0 + $241,580 related
    Bonus
    $0 + $45,000 related
    Other
    $0 + $10,767 related
    Deferred
    $0 + $15,409 related
    Nontaxable benefits
    $0 + $24,654 related
    Filer's total
    $0 + $337,410 related

  • Kenneth M Wright

    FORMER TREAS (SVP/CAO - CHS)

    Total calculated
    $591,005
    From this org
    $0
    From related orgs
    $529,304
    Other
    $61,701
    Hours/week
    3 + 52 related

    Schedule J breakdown matched by us

    Base
    $0 + $396,376 related
    Bonus
    $0 + $100,000 related
    Other
    $0 + $32,928 related
    Deferred
    $0 + $54,846 related
    Nontaxable benefits
    $0 + $6,855 related
    Filer's total
    $0 + $591,005 related

  • Amber Oakley

    FORMER SECRETARY

    Total calculated
    $100,834
    From this org
    $0
    From related orgs
    $98,453
    Other
    $2,381
    Hours/week
    3

    Schedule J breakdown matched by us

    Base
    $0 + $95,586 related
    Bonus
    $0 + $2,800 related
    Other
    $0 + $67 related
    Deferred
    $0 + $2,014 related
    Nontaxable benefits
    $0 + $367 related
    Filer's total
    $0 + $100,834 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

  • 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, QUESTION 4B:
DURING THE CALENDAR YEAR, CERTAIN OFFICERS AND KEY EMPLOYEES PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE INDIVIDUALS LISTED BELOW HAD A PORTION OF THE CONTRIBUTIONS VEST IN THE PLAN IN THE CURRENT YEAR. SUCH VESTED CONTRIBUTIONS ARE REPORTED AS TAXABLE COMPENSATION ON SCHEDULE J, PART II, COLUMN B(III), OTHER REPORTABLE COMPENSATION. KEVIN O'DOWD ANTHONY MAZZARELLI KENNETH WRIGHT ROBERT ORTIZ, JR. JOHN SCIANNI DURING THE CALENDAR YEAR, CERTAIN OFFICERS AND KEY EMPLOYEES PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE INDIVIDUALS LISTED BELOW HAD A PORTION OF THE CONTRIBUTIONS CONSIDERED NOT YET VESTED; THEREFORE, UNVESTED CONTRIBUTIONS ARE REPORTED ON SCHEDULE J, PART II, COLUMN C, RETIREMENT AND OTHER DEFFERED COMPENSATION. KEVIN O'DOWD ANTHONY MAZZARELLI KENNETH WRIGHT ROBERT ORTIZ, JR. JOHN SCIANNI
PART I, LINE 7:
BONUSES PAID ARE BASED ON A NUMBER OF VARIABLES INCLUDING BUT NOT LIMITED TO INDIVIDUAL GOAL ACHIEVEMENTS AS WELL AS ORGANIZATION OPERATION ACHIEVEMENTS. THE FINAL DETERMINATION OF THE BONUS AMOUNT IS DETERMINED AND APPROVED BY THE BOARD AS PART OF THE OVERALL COMPENSATION REVIEW OF THE OFFICERS, KEY EMPLOYEES, AND TOP FIVE HIGHEST COMPENSATED.

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.

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.

  • C&H COLLECTION SERVICES INC

    C · COLLECTIONS · NJ

    Directly controlled by CH SERVICES

  • COOPER HEALTHCARE PROPERTIES INC

    C · REAL ESTATE · NJ

    Directly controlled by CH SERVICES

  • COOPER HEALTHCARE SERVICES INC

    C · HEALTH SERVICES · NJ

    Directly controlled by CH SYSTEM

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202443209349318924

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