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Nonprofiteer
← HOSPICE OF THE WESTERN RESERVE FOUNDATION

Form 990 for tax year 2024

Filed by HOSPICE OF THE WESTERN RESERVE FOUNDATION.

Totals

Total revenue
$15,664,262
Total expenses
$6,424,112
Contributions and grants received
$15,552,352
Grants paid
$4,960,729
Program service revenue
$0
Investment income
$768
Other revenue
$111,142
Total assets, end of year
$18,627,718
Total liabilities, end of year
$545,511
Net assets or fund balances, end of year
$18,082,207
Program services expenses (Part IX)
$4,960,729
Management and general expenses
$205,332
Fundraising expenses
$1,258,051
Program service expenses (Part III)
$4,960,729

Program services were 77.2% 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.

  • 1a · Federated campaigns

    $53,505

  • 1c · Fundraising events

    $235,943

  • 1f · All other contributions, gifts and grants

    $15,262,904

  • 1g · Noncash contributions included above

    $618,273

  • 3 · Investment income

    total $768 · excluded $768

  • 8a · Fundraising events: gross income

    $189,258

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

    $235,943

  • 8b · Fundraising events: direct expenses

    $78,116

  • 8c · Net income from fundraising events

    total $111,142 · excluded $111,142

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,960,729 · program services $4,960,729

  • 7 · Other salaries and wages

    total $470,900 · fundraising $470,900

  • 8 · Pension plan contributions

    total $2,117 · fundraising $2,117

  • 9 · Other employee benefits

    total $29,525 · fundraising $29,525

  • 11a · Fees: management

    total $205,332 · management and general $205,332

  • 11g · Fees: other

    total $696,907 · fundraising $696,907

  • 13 · Office expenses

    total $50,035 · fundraising $50,035

  • 17 · Travel

    total $3,207 · fundraising $3,207

  • 19 · Conferences, conventions and meetings

    total $5,038 · fundraising $5,038

  • 24a · Other expenses: OTHER EXPENSES

    total $322 · fundraising $322

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $553,779 · end of year $4,531,139

  • 3 · Pledges and grants receivable

    beginning of year $5,759,965 · end of year $8,951,690

  • 4 · Accounts receivable

    beginning of year $2,556,646 · end of year $5,144,889

  • 17 · Accounts payable and accrued expenses

    end of year $33,821

  • 25 · Other liabilities

    beginning of year $28,333 · end of year $511,690

  • 27 · Net assets without donor restrictions

    beginning of year $2,678,318 · end of year $2,647,515

  • 28 · Net assets with donor restrictions

    beginning of year $6,163,739 · end of year $15,434,692

Mission and programs · 2024

Mission

THE FOUNDATION HAS BEEN FORMED BY HOSPICE OF THE WESTERN RESERVE (HWR) FOR THE PURPOSES OF CONTINUING THE PHILANTHROPIC AND FUNDRAISING ACTIVITIES THAT HAVE TRADITIONALLY BEEN UNDERTAKEN BY HWR. AS A SUPPORTING ORGANIZATION OF HWR, THE FOUNDATION HAS BEEN FORMED FOR THE PURPOSES OF HELPING TO ENSURE THE FINANCIAL SUSTAINABILITY OF HWR THROUGH AMBASSADORSHIP, ADVOCACY, FUNDRAISING, AND TO ESTABLISH AN ENDOWMENT FOR THE BENEFIT OF HWR AND ITS MISSION. THIS WILL ALLOW HWR TO FOCUS ON PROVIDING HOSPICE CARE TO ITS PATIENTS, WHILE THE FOUNDATION WILL FOCUS ON FUNDRAISING.

Activities or mission (Part I)

THE FOUNDATION HAS BEEN FORMED TO HELP ENSURE THE FINANCIAL SUSTAINABILITY OF HOSPICE OF THE WESTERN RESERVE, INC. (HWR) TO BENEFIT HWR AND ITS MISSION.

  • THE FOUNDATION HAS BEEN FORMED FOR THE PURPOSES OF TAKING THE LEAD IN FUNDRAISING FOR HWR. IN THIS RESPECT, THE FOUNDATION WILL ASSUME MANY OF THE FUNDRAISING ACTIVITIES CURRENTLY ENGAGED IN BY HWR. THESE ACTIVITIES INCLUDE, WITHOUT LIMITATION: SOLICITING DONATIONS, ENGAGING IN PLANNED GIVING, SOLICITING GOVERNMENT, CHARITIES, AND FOUNDATIONS FOR GRANTS, SOLICITING INSTITUTIONAL SUPPORT FROM BUSINESSES, SPONSORING CHARITY DRIVES, GALAS, DINNERS, DONOR EVENTS, CHARITY AUCTIONS, AND OUTINGS, INCLUDING HWR'S ANNUAL FUNDRAISER, GENERATING MAILINGS, SOCIAL MEDIA AND TELEPHONE OUTREACH.

    Expenses $4,960,729 · Grants $4,960,729

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • William E Finn

    DIRECTOR

    Total calculated
    $632,953
    From this org
    $0
    From related orgs
    $596,502
    Other
    $36,451
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $425,895 related
    Bonus
    $0 + $170,607 related
    Other
    $0
    Deferred
    $0 + $12,075 related
    Nontaxable benefits
    $0 + $24,376 related
    Filer's total
    $0 + $632,953 related

  • Jeffrey Kovacs

    DIRECTOR & TREASURER

    Total calculated
    $309,763
    From this org
    $0
    From related orgs
    $291,213
    Other
    $18,550
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $264,451 related
    Bonus
    $0 + $26,762 related
    Other
    $0
    Deferred
    $0 + $9,610 related
    Nontaxable benefits
    $0 + $8,940 related
    Filer's total
    $0 + $309,763 related

  • Laura Rayburn

    PRESIDENT OF HWR FOUNDATIO

    Total calculated
    $241,899
    From this org
    $0
    From related orgs
    $213,159
    Other
    $28,740
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $189,594 related
    Bonus
    $0 + $23,565 related
    Other
    $0
    Deferred
    $0 + $4,364 related
    Nontaxable benefits
    $0 + $24,376 related
    Filer's total
    $0 + $241,899 related

  • William Bowman

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Al Connors

    DIRECTOR & SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Kathy Jadallah

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Peggi Mizen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joe Kovalcheck

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mary Foti

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christopher Waite

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cindy Ames Huffman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Katie Davis Hoosenally

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gwen Rifici

    DIRECTOR

    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 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

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

The filer's explanations (Part III)

PART I, LINE 4B
PARTICIPATE IN, RECEIVE PAYMENT FROM, SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. WILLIAM FINN PARTICIPATES IN A NONQUALIFIED RETIREMENT PLAN WITH NO EMPLOYER CONTRIBUTIONS.

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
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202503179349304555

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