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Nonprofiteer
← HOLY NAME HEALTH CARE FOUNDATION INC

Form 990 for tax year 2023

Filed by HOLY NAME HEALTH CARE FOUNDATION INC.

Totals

Total revenue
$12,340,368
Total expenses
$12,477,988
Contributions and grants received
$12,021,292
Grants paid
$8,766,873
Program service revenue
$0
Investment income
$383,005
Other revenue
-$63,929
Total assets, end of year
$16,081,419
Total liabilities, end of year
$739,909
Net assets or fund balances, end of year
$15,341,510
Program services expenses (Part IX)
$12,015,953
Management and general expenses
$462,035
Fundraising expenses
$0
Program service expenses (Part III)
$12,015,953

Program services were 96.3% 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

    $741,958

  • 1d · Related organizations

    $1,945,779

  • 1f · All other contributions, gifts and grants

    $9,333,555

  • 3 · Investment income

    total $216,935 · excluded $216,935

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $166,070

  • 7c · Gain or loss

    securities $166,070

  • 7d · Net gain or loss

    total $166,070 · excluded $166,070

  • 8a · Fundraising events: gross income

    $557,082

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

    $741,958

  • 8b · Fundraising events: direct expenses

    $557,082

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $301,255

  • 10b · Cost of goods sold

    $365,184

  • 10c · Net income from sales of inventory

    total -$63,929 · excluded -$63,929

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,762,478 · program services $8,762,478

  • 2 · Grants to domestic individuals

    total $4,395 · program services $4,395

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $583,823 · program services $511,137 · management and general $72,686

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $896,379 · program services $784,780 · management and general $111,599

  • 8 · Pension plan contributions

    total $9,051 · program services $7,924 · management and general $1,127

  • 9 · Other employee benefits

    total $73,303 · program services $64,177 · management and general $9,126

  • 10 · Payroll taxes

    total $95,445 · program services $83,562 · management and general $11,883

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $27,900 · program services $24,426 · management and general $3,474

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $66,070 · program services $57,844 · management and general $8,226

  • 11g · Fees: other

    total $271 · program services $237 · management and general $34

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $75,472 · program services $66,076 · management and general $9,396

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $4,931 · program services $4,317 · management and general $614

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $628 · program services $550 · management and general $78

  • 23 · Insurance

    total $0

  • 24a · Other expenses: FOOD GRANT EXPENSES

    total $1,034,100 · program services $905,355 · management and general $128,745 · fundraising $0

  • 24b · Other expenses: RESTRICTED MS COMP EXPENSES

    total $457,887 · program services $400,880 · management and general $57,007 · fundraising $0

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $71,254 · program services $62,383 · management and general $8,871 · fundraising $0

  • 24d · Other expenses: RESEARCH MATERIALS

    total $17,534 · program services $15,351 · management and general $2,183 · fundraising $0

  • 24e · All other expenses

    total $297,067 · program services $260,081 · management and general $36,986

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $648,003 · end of year $920,715

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $2,417,691 · end of year $703,164

  • 4 · Accounts receivable

    beginning of year $943,317 · end of year $347,603

  • 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 $35,073 · end of year $38,410

  • 9 · Prepaid expenses and deferred charges

    beginning of year $129,484 · end of year $118,002

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

    $63,176

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

    $61,247

  • 10c · Land, buildings and equipment, net

    beginning of year $552 · end of year $1,929

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $11,213,503 · end of year $13,951,596

  • 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 $616,488 · end of year $440,434

  • 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 $102,220 · end of year $299,475

  • 27 · Net assets without donor restrictions

    beginning of year -$1,597,763 · end of year -$2,240,403

  • 28 · Net assets with donor restrictions

    beginning of year $16,266,678 · end of year $17,581,913

Mission and programs · 2023

Mission

HOLY NAME MEDICAL CENTER FOUNDATION, INC. RAISES FUNDS TO SUPPORT THE CHARITABLE PURPOSES OF HOLY NAME MEDICAL CENTER, INC.("HNMC"); A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT HOSPITAL ORGANIZATION. WE ENCOURAGE THE PHILANTHROPIC SUPPORT OF HNMC BY RAISING AWARENESS OF THE MEDICAL CENTER'S CAPABILITIES AND INVITING OUR COMMUNITY TO INVEST IN A REWARDING PROCESS THAT SUPPORTS THEIR VALUES, PRESERVES THEIR INTERESTS AND MEETS THEIR EXPECTATIONS OF MAKING A POSITIVE DIFFERENCE IN THE HEALTH AND WELL-BEING OF OUR COMMUNITY. HOLY NAME MEDICAL CENTER FOUNDATION, INC. RELIES ON THE GENEROSITY OF INDEPENDENT SUPPORTERS TO SUSTAIN HNMC'S AWARD-WINNING PATIENT CARE AND OUTSTANDING HEALTHCARE SERVICES THROUGHOUT THE COMMUNITY.

Activities or mission (Part I)

TO RAISE FUNDS TO SUPPORT THE CHARITABLE PURPOSE OF HOLY NAME MEDICAL CENTER, INC.; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT HOSPITAL ORGANIZATION.

  • EXPENSES INCURRED IN RAISING FUNDS TO SUPPORT THE CHARITABLE PURPOSES OF HOLY NAME MEDICAL CENTER, INC.; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT HOSPITAL ORGANIZATION.

    Expenses $12,015,953 · Grants $8,766,873

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

Listed in Part VII

  • Michael Maron

    Trustee - President & CEO hnmc

    Total calculated
    $2,402,083
    From this org
    $0
    From related orgs
    $2,346,088
    Other
    $55,995
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $1,425,964 related
    Bonus
    $0 + $900,000 related
    Other
    $0 + $20,124 related
    Deferred
    $0 + $35,700 related
    Nontaxable benefits
    $0 + $20,295 related
    Filer's total
    $0 + $2,402,083 related

  • Ryan Kennedy CPA

    EVP/CFO

    Total calculated
    $921,230
    From this org
    $0
    From related orgs
    $756,534
    Other
    $164,696
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $541,050 related
    Bonus
    $0 + $200,000 related
    Other
    $0 + $15,484 related
    Deferred
    $0 + $131,458 related
    Nontaxable benefits
    $0 + $33,238 related
    Filer's total
    $0 + $921,230 related

  • Cathleen Davey

    Foundation President/VP Dev

    Total calculated
    $583,823
    From this org
    $527,109
    From related orgs
    $0
    Other
    $56,714
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $432,276
    Bonus
    $75,000
    Other
    $19,833
    Deferred
    $25,001
    Nontaxable benefits
    $31,713
    Filer's total
    $583,823

  • Deanna R Breglia

    AVP, Development

    Total calculated
    $215,264
    From this org
    $182,517
    From related orgs
    $0
    Other
    $32,747
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $182,141
    Bonus
    $0
    Other
    $376
    Deferred
    $12,497
    Nontaxable benefits
    $20,250
    Filer's total
    $215,264

  • Jacqueline Brunetti MD

    TRUSTEE (TERM 4/30/2023)

    Total calculated
    $202,141
    From this org
    $0
    From related orgs
    $199,296
    Other
    $2,845
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $195,657 related
    Bonus
    $0
    Other
    $0 + $3,639 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $2,845 related
    Filer's total
    $0 + $202,141 related

  • Barbara Cron

    Dir, Philanthropy Com

    Total calculated
    $180,290
    From this org
    $139,302
    From related orgs
    $0
    Other
    $40,988
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $138,568
    Bonus
    $0
    Other
    $734
    Deferred
    $9,618
    Nontaxable benefits
    $31,370
    Filer's total
    $180,290

  • Meghan Oh

    Dir, Annual Giving

    Total calculated
    $163,181
    From this org
    $136,407
    From related orgs
    $0
    Other
    $26,774
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $136,300
    Bonus
    $0
    Other
    $107
    Deferred
    $7,180
    Nontaxable benefits
    $19,594
    Filer's total
    $163,181

  • Lisa Futterman

    Sr. Director, Strategic Events

    Total calculated
    $143,685
    From this org
    $123,672
    From related orgs
    $0
    Other
    $20,013
    Hours/week
    55

  • Carolyn Vasquez

    Dir, Prospect Research

    Total calculated
    $112,866
    From this org
    $105,294
    From related orgs
    $0
    Other
    $7,572
    Hours/week
    55

  • John M Geraghty

    Chairperson - Trustee

    Total calculated
    $0
    Hours/week
    1

  • Joseph Coccaro

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Dale A Creamer

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Nicholas P DiPaolo

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • James Dowling

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Fernando Garip

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Daniel Leber

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Terrie O'Connor

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Leon Temiz

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Frank Wong

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Susan Zurndorfer

    Trustee

    Total calculated
    $0
    Hours/week
    1

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 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 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; QUESTION 4B
THE DEFERRED COMPENSATION AMOUNT REFLECTED IN SCHEDULE J, PART II, COLUMN C FOR THE FOLLOWING INDIVIDUAL INCLUDES UNVESTED BENEFITS IN AN INTERNAL REVENUE CODE SECTION 457(F) PLAN (NON-QUALIFIED DEFERRED COMPENSATION PLAN) WHICH IS SUBJECT TO A SUBSTANTIAL RISK OF COMPLETE FORFEITURE. ACCORDINGLY, THE INDIVIDUAL MAY NEVER ACTUALLY RECEIVE THIS UNVESTED BENEFIT AMOUNT. THE AMOUNT OUTLINED HEREIN WAS NOT INCLUDED IN THE INDIVIDUAL'S 2023 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES: RYAN KENNEDY, CPA, $81,006.
SCHEDULE J, PART I; QUESTION 7
CERTAIN INDIVIDUALS INCLUDED IN SCHEDULE J, PART II RECEIVED A BONUS DURING CALENDAR YEAR 2023 WHICH WAS INCLUDED IN COLUMN B(II) HEREIN AND IN EACH INDIVIDUAL'S 2023 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES. PLEASE REFER TO THIS SECTION OF THE FORM 990, SCHEDULE J FOR THIS INFORMATION BY PERSON BY AMOUNT.

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.

  • HEALTH PARTNER SERVICES INC

    C CORP. · MGMT SERVICES · NJ

    Directly controlled by NA

  • PEACE HEALTH PARTNERS PC

    C CORP. · HEALTHCARE SVCS. · NJ

    Directly controlled by NA

  • HOUSE PHYSICIAN PARTNERS PC

    C CORP. · HEALTHCARE SVCS. · NJ

    Directly controlled by NA

  • HEMATOLOGY ONCOLOGY PARTNERS PC

    C CORP. · HEALTHCARE SVCS. · NJ

    Directly controlled by NA

  • RIVERSIDE FAMILY PRACTICE PC

    C CORP. · HEALTHCARE SVCS. · NJ

    Directly controlled by NA

  • RADIATION ONCOLOGY PARTNERS PC

    C CORP. · HEALTHCARE SVCS. · NJ

    Directly controlled by NA

  • EXCELCARE MEDICAL ASSOCIATES PA

    C CORP. · HEALTHCARE SVCS. · NJ

    Directly controlled by NA

  • BREAST IMAGING PARTNERS PC

    C CORP. · HEALTHCARE SVCS. · NJ

    Directly controlled by NA

  • HOLY NAME CARDIOLOGY ASSOCIATES PC

    C CORP. · HEALTHCARE SVCS. · NJ

    Directly controlled by NA

  • BREAST CARE PARTNERS PC

    C CORP. · HEALTHCARE SVCS. · NJ

    Directly controlled by NA

  • HOLY NAME PULMONARY ASSOCIATES PC

    C CORP. · HEALTHCARE SVCS. · NJ

    Directly controlled by NA

  • WOMEN'S CLINIC PARTNERS PC

    C CORP. · HEALTHCARE SVCS. · NJ

    Directly controlled by NA

  • MULKAY CARDIOLOGY CONSULTANTS AT HNMC

    C CORP. · HEALTHCARE SVCS. · NJ

    Directly controlled by NA

  • HN PRIMARY CARE & SPECIALTY ASSOC PC

    C CORP. · HEALTHCARE SVCS. · NJ

    Directly controlled by NA

  • PRIMARY CARE OF ORADELL

    C CORP. · HEALTHCARE SVCS. · NJ

    Directly controlled by NA

  • HOLY NAME MEDICAL ASSOCIATES PC

    C CORP. · HEALTHCARE SVCS. · NJ

    Directly controlled by NA

  • HOLY NAME PHYSICIAN PARTNERS PC

    C CORP. · HEALTHCARE SVCS. · NJ

    Directly controlled by NA

  • HOLY NAME ANESTHESIA PARTNERS PC

    C CORP. · HEALTHCARE SVCS. · NJ

    Directly controlled by NA

  • PAIX TECHNOLOGIES INC

    C CORP. · COMPUTER SVCS. · NJ

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2024
IRS schema version
2023v5.1
Source object
202423199349317447

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