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Nonprofiteer
← BANNER ALZHEIMERS FOUNDATION

Form 990 for tax year 2022

Filed by BANNER ALZHEIMERS FOUNDATION.

Totals

Total revenue
$2,089,381
Total expenses
$9,791,838
Contributions and grants received
$1,606,746
Grants paid
$9,791,838
Program service revenue
$0
Investment income
$482,635
Other revenue
$0
Total assets, end of year
$29,692,618
Total liabilities, end of year
$218,683
Net assets or fund balances, end of year
$29,473,935
Program services expenses (Part IX)
$9,791,838
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$9,791,838

Program services were 100.0% 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.

  • 1f · All other contributions, gifts and grants

    $1,606,746

  • 1g · Noncash contributions included above

    $10,022

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $239,816 · excluded $239,816

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $242,819

  • 7c · Gain or loss

    securities $242,819 · other assets $0

  • 7d · Net gain or loss

    total $242,819 · excluded $242,819

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $9,785,838 · program services $9,785,838

  • 2 · Grants to domestic individuals

    total $6,000 · program services $6,000

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $8,979,355 · end of year $8,348,351

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $31,012,114 · end of year $21,344,267

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $315,519 · end of year $218,683

  • 27 · Net assets without donor restrictions

    beginning of year $34,240,178 · end of year $24,038,163

  • 28 · Net assets with donor restrictions

    beginning of year $5,435,772 · end of year $5,435,772

Mission and programs · 2022

Mission

ESTABLISHED IN 2006, THE BANNER ALZHEIMER'S FOUNDATION (BAF) SECURES AND STEWARDS CHARITABLE GIFTS TO ADVANCE THE MISSION OF BANNER ALZHEIMER'S INSTITUTE (BAI), INCLUDING GROUNDBREAKING RESEARCH INITIATIVES AND PIONEERING PREVENTION STUDIES, FAMILY OUTREACH, COUNSELING, AND SUPPORT SERVICES.

Activities or mission (Part I)

BANNER ALZHEIMER'S FOUNDATION (BAF) SECURES AND STEWARDS CHARITABLE GIFTS TO ADVANCE THE MISSION OF BANNER ALZHEIMER'S INSTITUTE (BAI).

  • BAF IS A PHILANTHROPIC RESOURCE FOR BANNER ALZHEIMER'S INSTITUTE (BAI). BAI IS A DIVISION OF BANNER HEALTH, AN ARIZONA 501(C)(3) NONPROFIT CORPORATION. THE FOUNDATION IS DEDICATED TO SECURING CHARITABLE CONTRIBUTIONS IN SUPPORT OF BAI'S MISSION TO END ALZHEIMER'S DISEASE WITHOUT LOSING ANOTHER GENERATION AND TO SET A COMPREHENSIVE STANDARD OF CARE FOR PATIENTS AND FAMILIES.

    Expenses $9,791,838 · Grants $9,791,838

As filed on the 2022 return.

Listed in Part VII

  • JERRE STEAD

    DIRECTOR/CHAIRMAN

    Total calculated
    $0
    Hours/week
    4

  • MICHAEL SKLAR

    DIRECTOR/VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    4

  • JAY STEAD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • MARKUS REINHARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • SHERYL VON BLUCHER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • TOM STOCKY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • TOM TOOLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • ANDREA PETERSEN

    PRESIDENT/CEO

    Total calculated
    $802,634
    From this org
    $0
    From related orgs
    $742,946
    Other
    $59,688
    Hours/week
    5 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $461,958 related
    Bonus
    $0 + $231,104 related
    Other
    $0 + $49,884 related
    Deferred
    $0 + $34,274 related
    Nontaxable benefits
    $0 + $25,414 related
    Filer's total
    $0 + $802,634 related

  • HAZEL RICHARDS

    SR DIR/CHIEF DEVELOPMENT OFFICER

    Total calculated
    $222,871
    From this org
    $0
    From related orgs
    $200,616
    Other
    $22,255
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $146,767 related
    Bonus
    $0 + $42,570 related
    Other
    $0 + $11,279 related
    Deferred
    $0 + $6,041 related
    Nontaxable benefits
    $0 + $16,214 related
    Filer's total
    $0 + $222,871 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
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
EXEC 457(B) - COVERED APPROXIMATELY 423 FORMER AND CURRENT EXECUTIVES. THIS NONQUALIFIED PLAN IS HELD AT FIDELITY INVESTMENTS AND IS 100% VESTED. TAXATION OCCURS UPON DISTRIBUTION. THE ONLY CONTRIBUTIONS ALLOWED ARE EMPLOYER CONTRIBUTIONS. CONTRIBUTIONS ARE CALCULATED BASED ON ACTUARIALLY DETERMINED FACTORS. EMPLOYER CONTRIBUTIONS TO EXEC 457(B) ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III). EXEC 457(F) - COVERED APPROXIMATELY 109 FORMER AND CURRENT EXECUTIVES. THIS NONQUALIFIED PLAN IS HELD AT FIDELITY INVESTMENTS. VESTING OCCURS UPON MEETING VESTING REQUIREMENTS (SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE) - EARLIER OF AGE 62, 5 YEARS FROM DATE OF DEPOSIT, OR RULE OF 80. TAXATION OCCURS UPON DISTRIBUTION (IF VESTED). THE ONLY CONTRIBUTIONS ALLOWED ARE EMPLOYER CONTRIBUTIONS. PAYOUT AMOUNTS ARE TAXABLE AND INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III). DEPOSIT AMOUNTS ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (C). 2022 457(F) Distributions: Andrea Petersen $26,050 2022 457(F) Contributions: Andrea Petersen $28,627
Schedule J, Part I, Line 7 Non-fixed payments
CERTAIN OFFICERS OF THE REPORTING ORGANIZATION ARE PAID BY BANNER HEALTH FOUNDATION (BHF). BAF'S INCENTIVE PLAN IS BASED ON TWO THINGS. FIRST, BH (A RELATED TAX-EXEMPT ORGANIZATION) AS A WHOLE MUST ACHIEVE ITS NET OPERATING INCOME THRESHOLD. SECOND, BHF MUST ACHIEVE ITS PRODUCTION REVENUE GOAL AND MUST ACHIEVE A TARGETED OPERATION NET GOAL. AWARDS ARE GRANTED AS A PERCENTAGE OF THE PARTICIPANT'S BASE SALARY AND VARY WITH THE POSITION LEVEL OF THE PARTICIPATING EMPLOYEE, RANGING FROM 24% TO 80% OF BASE SALARY. INCENTIVE PLAN PAYMENTS ARE REPORTED ON SCHEDULE J, PART II, COLUMN (B)(II).
Schedule J, Part I, Line 3 COMPENSATION OF CEO
THE COMPENSATION OF THE ORGANIZATION'S CEO IS DETERMINED BY A RELATED TAX-EXEMPT ORGANIZATION. SEE SCHEDULE O FOR FORM 990, PART VI, LINES 15A AND 15B FOR THE PROCESS USED BY THE RELATED ORGANIZATION TO DETERMINE COMPENSATION.

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 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.

  • BANNER HEALTH NETWORK

    C Corporation · ACCOUNTABLE CARE · AZ · controlled entity

    Directly controlled by NA

  • BANNER INDEMNITY LTD

    C Corporation · INVESTMENTS · CJ · controlled entity

    Directly controlled by NA

  • BANNER PLAN ADMINISTRATION INC

    C Corporation · THIRD PARTY ADMINISTRATION · AZ · controlled entity

    Directly controlled by NA

  • NMSI INC

    C Corporation · PPO INSURANCE PROVIDER · CO · controlled entity

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202313149349300501

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