Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $403,254

• 1d · Related organizations

  $215,855

• 1f · All other contributions, gifts and grants

  $964,057

• 1g · Noncash contributions included above

  $52,362

• 3 · Investment income

  total $310,019 · excluded $310,019

• 7a · Gross sales of assets other than inventory

  securities $3,235,867

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

  securities $2,927,430

• 7c · Gain or loss

  securities $308,437

• 7d · Net gain or loss

  total $308,437 · excluded $308,437

• 8a · Fundraising events: gross income

  $54,674

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

  $403,254

• 8b · Fundraising events: direct expenses

  $161,367

• 8c · Net income from fundraising events

  total -$106,693 · excluded -$106,693

• 9a · Gaming: gross income

  $8,385

• 9b · Gaming: direct expenses

  $3,195

• 9c · Net income from gaming

  total $5,190 · excluded $5,190

• 11a · Other revenue: Reimbursed expenses

  total $1,159,514 · related or exempt $1,159,514

• 11e · Other revenue, total

  $1,159,514

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,832,962 · program services $1,832,962

• 11c · Fees: accounting

  total $11,750 · management and general $11,750

• 11e · Fees: professional fundraising services

  total $40,000 · fundraising $40,000

• 11f · Fees: investment management

  total $58,876 · management and general $58,876

• 11g · Fees: other

  total $743,111 · program services $743,111

• 13 · Office expenses

  total $160,670 · program services $160,670

• 16 · Occupancy

  total $32,424 · program services $32,424

• 17 · Travel

  total $889 · program services $889

• 19 · Conferences, conventions and meetings

  total $6,107 · program services $6,107

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,599,795 · end of year $4,075,882

• 3 · Pledges and grants receivable

  beginning of year $1,433,338 · end of year $1,247,476

• 9 · Prepaid expenses and deferred charges

  beginning of year $998 · end of year $998

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

  $10,496

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

  $10,496

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $0

• 11 · Investments: publicly traded securities

  beginning of year $23,674,891 · end of year $25,440,053

• 15 · Other assets

  beginning of year $74,776 · end of year $87,691

• 17 · Accounts payable and accrued expenses

  beginning of year $18,024 · end of year $5,099

• 19 · Deferred revenue

  beginning of year $41,732 · end of year $50,685

• 27 · Net assets without donor restrictions

  beginning of year $12,134,644 · end of year $13,611,129

• 28 · Net assets with donor restrictions

  beginning of year $16,589,398 · end of year $17,185,187

The filer's explanations (Part III)

Part I, Line 3

The President and CEO of Mary and John Elliot Charitable Foundation is compensated by a related organization, The Elliot Hospital of the City of Manchester. The Hospital uses the Compensation Committee of its Board of Trustees to retain independent compensation consultants to evaluate the total compensation of the President and CEO and their executive direct reports. The consultants utilize independent market data reflecting comparable benchmarks from like organizations. Recommendations of the consultant, covering total compensation, are reviewed and approved by the Compensation Committee of the Hospital's Board of Trustees. The Compensation Committee retains minutes of its meetings. The Compensation Committee is comprised of Hospital Board members who are independent and have no conflicts of interest. An independent consulting firm is also retained by the organization to review the compensation of the other officers and key employees. The consultants utilize independent market data reflecting comparable benchmarks from like organizations and this information is presented to the President and CEO for review and approval.

Part I, Line 4b

Schedule J, Line 4b, Supplemental Non-Qualified Retirement Plans: The Elliot Health System and SolutionHealth, the parent-organization of the System, maintain 457(f) deferred compensation plans. William G. Baxter, President & CEO of the Elliot Health System, and Joseph Felkner, the Former SVP/CFO of SolutionHealth, each received contributions to their 457(f) deferred compensation plans during the 2022 calendar year. (As Mr. Felkner's term of service with SolutionHealth ended in a previous tax year, he has been deemed to be a "Former Officer" on this Form 990, Part VII, and Schedule J.) The contributions received by each individual to their respective 457(f) plan were as follows: William G. Baxter - $137,507; and Joseph Felkner - $164,925. These amounts have been reported within the named individuals' deferred compensation figures as shown on this Schedule J, Part II, Column C. Additionally, Mr. Felkner took taxable distributions from his 457(f) plan during the 2022 calendar year in the amount of $155,050. Such amounts have been included within "Other Compensation" as reported on this Schedule J, Part II, Column B(iii). Furthermore, as such distributions relate to and have been paid from previous tax year 457(f) plan deferrals, the $155,050 2022 taxable distributions have also been reported as Prior Compensation, as shown on this Schedule J, Part II, Column F. The System historically maintained a defined benefit pension plan for certain employees, the Elliot Health System Pension Plan (the Plan). Effective July 1, 2006, the Plan was amended to close the Plan to employees hired after June 30, 2006. Eligible employees hired prior to July 1, 2006 are grandfathered under the Plan and will continue to accrue benefits as long as they remain at a participating System entity and in an eligible status. The System's funding policy is to contribute amounts to the Plan sufficient to meet minimum funding requirements set forth in the Employee Retirement Income Security Act of 1974, plus such additional amounts as might be determined to be appropriate from time to time. The Plan is intended to constitute a plan described in Section 414(k) of the Internal Revenue Code, under which benefits derived from employer contributions are based on the separate account balances of participants in addition to the defined benefits under the Plan. In calendar year 2022, no officers or other employees of Elliot Hospital received defined contributions under the now-closed 414(K) plan. Additionally, there were no defined benefit accrual adjustments for any of the Organization's listed individuals for the 2022 calendar year.

Related partnerships

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

• Elliot Common Trust Fund LLC

  Excluded · Investments · NH · 12.19% owned · share of income $835,957 · share of assets $19,747,609

  Directly controlled by Elliot Hospital

Related corporations and trusts

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

• Elliot Health System Holdings & Subsidiaries

  C · Management · NH