Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $376,728

• 1f · All other contributions, gifts and grants

  $1,095,366

• 1g · Noncash contributions included above

  $64,597

• 2f · All other program service revenue

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

• 3 · Investment income

  total $675,741 · excluded $675,741

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  securities $3,910,859

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

  securities $4,095,980

• 7c · Gain or loss

  securities -$185,121 · other assets $0

• 7d · Net gain or loss

  total -$185,121 · excluded -$185,121

• 8a · Fundraising events: gross income

  $168,268

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

  $376,728

• 8b · Fundraising events: direct expenses

  $168,268

• 8c · Net income from fundraising events

  total $0 · excluded $0

• 9a · Gaming: gross income

  $25,200

• 9b · Gaming: direct expenses

  $4,200

• 9c · Net income from gaming

  total $21,000 · excluded $21,000

• 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 $4,512,901 · program services $4,512,901

• 5 · Compensation of officers, directors and key employees

  total $228,248 · management and general $9,130 · fundraising $219,118

• 7 · Other salaries and wages

  total $168,851 · management and general $6,754 · fundraising $162,097

• 8 · Pension plan contributions

  total $5,428 · management and general $217 · fundraising $5,211

• 9 · Other employee benefits

  total $58,266 · management and general $2,331 · fundraising $55,935

• 10 · Payroll taxes

  total $29,169 · management and general $1,167 · fundraising $28,002

• 11a · Fees: management

  total $80,995 · management and general $3,240 · fundraising $77,755

• 11b · Fees: legal

  total $4,515 · management and general $181 · fundraising $4,334

• 11c · Fees: accounting

  total $2,750 · management and general $110 · fundraising $2,640

• 11f · Fees: investment management

  total $59,268 · management and general $2,371 · fundraising $56,897

• 11g · Fees: other

  total $91,441 · program services $0 · management and general $3,658 · fundraising $87,783

• 13 · Office expenses

  total $15,691 · management and general $628 · fundraising $15,063

• 22 · Depreciation, depletion and amortization

  total $3,648 · management and general $146 · fundraising $3,502

• 23 · Insurance

  total $15,376 · management and general $615 · fundraising $14,761

• 24a · Other expenses: DUES AND SUBSCRIPTIONS

  total $37,689 · management and general $1,509 · fundraising $36,180

• 24b · Other expenses: LICENSES AND TAXES

  total $858 · management and general $34 · fundraising $824

• 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 $1,306 · end of year $126,768

• 2 · Savings and temporary cash investments

  beginning of year $4,098,378 · end of year $187,765

• 3 · Pledges and grants receivable

  beginning of year $365,000 · end of year $365,000

• 4 · Accounts receivable

  beginning of year $119,582 · end of year $518,241

• 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

• 9 · Prepaid expenses and deferred charges

  beginning of year $9,954 · end of year $100,252

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

  $239,630

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

  $223,392

• 10c · Land, buildings and equipment, net

  beginning of year $19,886 · end of year $16,238

• 12 · Investments: other securities

  beginning of year $16,473,975 · end of year $17,842,156

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $0 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $17,074 · end of year $42,015

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $975,469 · end of year $1,097,842

• 27 · Net assets without donor restrictions

  beginning of year $7,176,600 · end of year $8,314,258

• 28 · Net assets with donor restrictions

  beginning of year $12,918,938 · end of year $9,702,305

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation

EMANATE HEALTH FOUNDATION IS AN AFFILIATE OF EMANATE HEALTH. EMANATE USES THE FOLLOWING TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S PRESIDENT/CEO: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE COMPENSATION COMMITTEE.

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan

Emanate Health provides a nonqualified deferred compensation plan to its officers. Rajesh Sharma - Participated in a supplemental nonqualified deferred compensation plan. He had $144,748 of nonvested benefits accrue in 2024. This amount is included in Part II (C), Retirement and other deferred compensation. Leon Choinere - Participated in a supplemental nonqualified deferred compensation plan. He had $51,144 in benefits vest in 2024. This amount is included in Part II (B)(iii), Other compensation.

Schedule J, Part I, Line 7 Non-fixed payments

Bonuses paid by Emanate Health are non-fixed. The Compensation Committee of the Board approves annual short term incentive (STI) and long term incentive (LTI) plan targets for the coming year. At the annual Compensation Committee meeting after the approval of the annual audit, the Compensation Committee reviews actual incentive plan results and the bonus compensation is based on the actual results received on the STI and LTI targets. The annual assessment by the compensation consultant (AON) includes base salary and the bonus compensation, to ensure that the total compensation is reasonable as per the industry standards and the market trends.

Related corporations and trusts

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

• EMANATE HEALTH MSO

  C Corporation · MANAGEMENT SERVICES · CA

  Directly controlled by NA