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Nonprofiteer
← ALTENHEIM FOUNDATION INC

Form 990 for tax year 2024

Filed by ALTENHEIM FOUNDATION INC.

Totals

Total revenue
$494,256
Total expenses
$166,028
Contributions and grants received
$278,992
Grants paid
$0
Program service revenue
$0
Investment income
$178,676
Other revenue
$36,588
Total assets, end of year
$7,463,712
Total liabilities, end of year
$295,482
Net assets or fund balances, end of year
$7,168,230
Program services expenses (Part IX)
$0
Management and general expenses
$3,732
Fundraising expenses
$162,296
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 1c · Fundraising events

    $20,800

  • 1f · All other contributions, gifts and grants

    $258,192

  • 3 · Investment income

    total $193,997 · excluded $193,997

  • 7a · Gross sales of assets other than inventory

    securities $1,638,749

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

    securities $1,654,070

  • 7c · Gain or loss

    securities -$15,321

  • 7d · Net gain or loss

    total -$15,321 · excluded -$15,321

  • 8a · Fundraising events: gross income

    $71,220

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

    $20,800

  • 8b · Fundraising events: direct expenses

    $34,632

  • 8c · Net income from fundraising events

    total $36,588 · excluded $36,588

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $98,424 · fundraising $98,424

  • 10 · Payroll taxes

    total $7,609 · fundraising $7,609

  • 11f · Fees: investment management

    total $39,254 · fundraising $39,254

  • 12 · Advertising and promotion

    total $3,732 · management and general $3,732

  • 24a · Other expenses: FUND DEVELOPMENT

    total $17,009 · fundraising $17,009

Balance sheet

Part X, book values.

  • 11 · Investments: publicly traded securities

    beginning of year $6,487,015 · end of year $7,463,712

  • 25 · Other liabilities

    beginning of year $712,800 · end of year $295,482

  • 27 · Net assets without donor restrictions

    beginning of year $4,063,280 · end of year $5,207,916

  • 28 · Net assets with donor restrictions

    beginning of year $1,710,935 · end of year $1,960,314

Mission and programs · 2024

Mission

IN ACCORDANCE WITH ITS "SUPPORTING ORGANIZATION" STATUS UNDER CODE SECTION 509(A)(3), THE FOUNDATION RAISES FUNDS AND MANAGES INVESTMENTS TO SUPPORT THE OPERATIONS OF WEST SIDE DEUTSCHER FRAUEN VEREIN, WHICH PROVIDES A CONTINUUM OF CARE TO ELDERLY RESIDENTS AT ITS FACILITIES.

Activities or mission (Part I)

THE FOUNDATION RAISES FUNDS AND MANAGES INVESTMENTS TO SUPPORT THE OPERATIONS OF WEST SIDE DEUTSCHER FRAUEN VEREIN DBA THE ALTENHEIM WHICH PROVIDES A CONTINUUM OF CARE TO ELDERLY

  • PROVIDE SUPPORT SERVICES TO WEST SIDE DEUTSCHER FRAUEN VEREIN DBA THE ALTENHEIM, A SECTION 501(C)(3) ORGANIZATION, IN ACCORDANCE WITH THE FOUNDATION'S "SUPPORTING ORGANIZATION" STATUS UNDER CODE SECTION 509(A)(3).

As filed on the 2024 return.

Listed in Part VII

  • ANNA WARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.2 related

  • TAMMY HASELEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.2 related

  • SUE RIEDTHALER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.2 related

  • ED OLIVEROS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.4 related

  • KARL HELFRICH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.1 related

  • JIM KAMINSKI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.4 related

  • RENATE ELBER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.2 related

  • DEBBIE BRASSELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.2 related

  • REINER MUELLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.2 related

  • GREGORY WIEMKEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.3 related

  • BARRY ZIMMERMAN

    FIRST VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.1 + 0.5 related

  • DAVID KNOWLES

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.1 + 0.5 related

  • NORBERT MANZ

    SECOND VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.1 + 0.6 related

  • JOHN KEDZIOR

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.3 + 0.4 related

  • STEVE SARTSCHEV

    TREASURER

    Total calculated
    $0
    Hours/week
    0.1 + 0.4 related

  • PAUL PSOTA

    CEO

    Total calculated
    $281,753
    From this org
    $0
    From related orgs
    $247,492
    Other
    $34,261
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $228,884 related
    Bonus
    $0 + $5,000 related
    Other
    $0 + $13,608 related
    Deferred
    $0 + $10,332 related
    Nontaxable benefits
    $0 + $23,929 related
    Filer's total
    $0 + $281,753 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

  • 1a · Tax indemnification and gross-up payments
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
THE ORGANIZATION REIMBURSES CEO FOR DISABILITY INSURANCE PREMIUM AS W-2 WAGES AND GROSSES UP THE WAGE PAYMENT TO INCLUDE TAXES. THE ORGANIZATION PAYS THE DUES FOR THE CEO TO BE A MEMBER OF THE LOCAL ROTARY CLUB BECAUSE OF THE BUSINESS CONTACTS GENERATED THEREFROM.

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

No itemized grants to organizations 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
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202543189349309874

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