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Nonprofiteer
← CALVARY FUND INC

Form 990 for tax year 2022

Filed by CALVARY FUND INC.

Totals

Total revenue
$6,733,200
Total expenses
$6,742,700
Contributions and grants received
$6,576,034
Grants paid
$3,030,000
Program services expenses (Part IX)
$3,030,000
Management and general expenses
$256,200
Fundraising expenses
$3,456,500
Program service expenses (Part III)
$3,030,000

Program services were 44.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • AL ROKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • BONNIE BRENNAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • CARLOS M HERNANDEZ

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • DANIEL E DONOVAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • DANIEL J MCSWIGGAN ESQ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • DENNIS M SCHNEIDER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • DIAHN W MCGRATH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • EDWARD R MORRISSEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • EILEEN T NUGENT ESQ

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • JAMES O'HARA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JAMES MONAGHAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JOSEPH A TARANTINO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • JOSEPH DEGLOMINI JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • FRANK CALAMARI

    EX-OFFICIO

    Total calculated
    $822,805
    From this org
    $0
    From related orgs
    $788,622
    Other
    $34,183
    Hours/week
    0.5

    Schedule J breakdown matched by us

    Base
    $0 + $536,388 related
    Bonus
    $0 + $88,159 related
    Other
    $0 + $164,075 related
    Deferred
    $0 + $21,750 related
    Nontaxable benefits
    $0 + $12,433 related
    Filer's total
    $0 + $822,805 related

  • MICHAEL J BRESCIA MD

    EMERITUS DIRECTOR (NON-VOTING)

    Total calculated
    $0
    Hours/week
    0.5

  • MICHAEL JA SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • OLGA LUZ TIRADO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • ROBERT E SPATT ESQ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • STEVEN J GOLUB

    EMERITUS DIRECTOR (NON-VOTING)

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • GERRY TOBIN

    EMERITUS DIRECTOR (NON-VOTING)

    Total calculated
    $0
    Hours/week
    0.5

  • LOUISE PARENT

    EMERITUS DIRECTOR (NON-VOTING)

    Total calculated
    $0
    Hours/week
    0.5

  • EMILY YODER JOHNSON

    DIRECT (AS OF 5/2022)

    Total calculated
    $0
    Hours/week
    0.5

  • TIMOTHY BARR

    EXEC. VP/TREASURER/SECRETA

    Total calculated
    $532,771
    From this org
    $474,297
    From related orgs
    $0
    Other
    $58,474
    Hours/week
    37

    Schedule J breakdown matched by us

    Base
    $306,918
    Bonus
    $48,465
    Other
    $118,914
    Deferred
    $21,750
    Nontaxable benefits
    $36,724
    Filer's total
    $532,771

  • ELIZABETH KOUGASIAN

    DIRECTOR, MAJOR & PLANNED

    Total calculated
    $201,726
    From this org
    $166,505
    From related orgs
    $0
    Other
    $35,221
    Hours/week
    37

    Schedule J breakdown matched by us

    Base
    $163,616
    Bonus
    $0
    Other
    $2,889
    Deferred
    $11,123
    Nontaxable benefits
    $24,098
    Filer's total
    $201,726

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 — 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 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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)

PART I, LINE 7
THE CALVARY FUND'S COMPENSATION PROCEDURES ALIGN WITH THAT OF ITS PARENT ORGANIZATION, CALVARY HOSPITAL. THE PROCEDURE FOR DETERMINING EXECUTIVE BONUSES IS AS FOLLOWS: CALVARY HOSPITAL ENGAGED THE SERVICES OF AN INDEPENDENT COMPENSATION CONSULTING FIRM THAT SPECIALIZES IN HEALTHCARE EXECUTIVE COMPENSATION TO DESIGN ITS EXECUTIVE INCENTIVE COMPENSATION PLAN. AS PART OF THE PLAN, THE CALVARY EXECUTIVE TEAM DEVELOPS A NUMBER OF STRATEGIC GOALS THAT EXECUTIVES MUST MEET TO PARTICIPATE IN THE INCENTIVE PROGRAM; THESE GOALS ARE THEN REVIEWED AND APPROVED ANNUALLY BY THE COMPENSATION COMMITTEE OF THE BOARD. AT YEAR END, CALVARY'S CEO PRESENTS THE RESULTS FROM THE PREVIOUS YEAR IN TERMS OF WHICH GOALS WERE ACHIEVED BY THE EXECUTIVE TEAM. THE COMPENSATION COMMITTEE OF THE BOARD THEN CONVENES WITH INDEPENDENT COMPENSATION CONSULTING FIRM TO DETERMINE AND APPROVE THE BONUSES THAT ARE DISTRIBUTED TO EACH EXECUTIVE.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
8 November 2023
IRS schema version
2022v5.0
Source object
202323129349303332

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