Form 990 for tax year 2022
Filed by HEALTH FOUNDATION OF CENTRAL MASSACHUSETTS INC.
Totals
- Total revenue
- $4,974,658
- Total expenses
- $5,268,117
- Contributions and grants received
- $500,997
- Grants paid
- $3,479,645
- Program service revenue
- $0
- Investment income
- $4,314,194
- Other revenue
- $159,467
- Total assets, end of year
- $82,115,995
- Total liabilities, end of year
- $2,007,386
- Net assets or fund balances, end of year
- $80,108,609
- Program services expenses (Part IX)
- $4,447,253
- Management and general expenses
- $820,864
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $4,447,253
Program services were 84.4% 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.
-
1f · All other contributions, gifts and grants
$500,997
-
3 · Investment income
total $761,360 · excluded $761,360
-
7a · Gross sales of assets other than inventory
securities $12,342,429
-
7b · Less cost or other basis and sales expenses
securities $8,789,595
-
7c · Gain or loss
securities $3,552,834
-
7d · Net gain or loss
total $3,552,834 · related or exempt $3,552,834
-
11a · Other revenue: OTHER INCOME
total $159,467 · related or exempt $159,467
-
11e · Other revenue, total
$159,467
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $3,479,645 · program services $3,479,645
-
5 · Compensation of officers, directors and key employees
total $397,032 · program services $304,473 · management and general $92,559
-
7 · Other salaries and wages
total $444,361 · program services $356,409 · management and general $87,952
-
8 · Pension plan contributions
total $22,876 · program services $17,543 · management and general $5,333
-
9 · Other employee benefits
total $94,194 · program services $72,235 · management and general $21,959
-
10 · Payroll taxes
total $58,478 · program services $44,845 · management and general $13,633
-
11b · Fees: legal
total $11,848 · management and general $11,848
-
11c · Fees: accounting
total $24,145 · management and general $24,145
-
11f · Fees: investment management
total $551,885 · management and general $551,885
-
11g · Fees: other
total $130,428 · management and general $130,428
-
13 · Office expenses
total $16,051 · program services $9,631 · management and general $6,420
-
16 · Occupancy
total $127,564 · program services $76,538 · management and general $51,026
-
19 · Conferences, conventions and meetings
total $27,436 · program services $16,462 · management and general $10,974
-
22 · Depreciation, depletion and amortization
total $3,294 · program services $1,976 · management and general $1,318
-
23 · Insurance
total $9,278 · program services $5,567 · management and general $3,711
-
24a · Other expenses: TAXES-OTHER
total -$209,825 · management and general -$209,825
-
24b · Other expenses: GRANT RELATED EXPENSES
total $37,295 · program services $37,295
-
24c · Other expenses: OUTSIDE SERVICES
total $30,380 · program services $18,228 · management and general $12,152
-
24d · Other expenses: PUBLICATIONS AND SPECIA
total $9,127 · program services $5,476 · management and general $3,651
-
24e · All other expenses
total $2,625 · program services $930 · management and general $1,695
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $110,513 · end of year $219,561
-
4 · Accounts receivable
beginning of year $330,231 · end of year $104,296
-
9 · Prepaid expenses and deferred charges
beginning of year $7,737 · end of year $7,976
-
10a · Land, buildings and equipment: cost or other basis
$270,416
-
10b · Land, buildings and equipment: accumulated depreciation
$264,142
-
10c · Land, buildings and equipment, net
beginning of year $9,568 · end of year $6,274
-
11 · Investments: publicly traded securities
beginning of year $44,935,365 · end of year $31,778,365
-
12 · Investments: other securities
beginning of year $52,826,195 · end of year $48,926,766
-
13 · Investments: program-related
beginning of year $189,084 · end of year $163,264
-
15 · Other assets
beginning of year $210,309 · end of year $909,493
-
17 · Accounts payable and accrued expenses
beginning of year $120,179 · end of year $110,522
-
18 · Grants payable
beginning of year $323,892 · end of year $987,371
-
25 · Other liabilities
beginning of year $210,309 · end of year $909,493
-
27 · Net assets without donor restrictions
beginning of year $97,964,622 · end of year $80,108,609
Mission and programs · 2022
Mission
TO IMPROVE THE HEALTH STATUS OF THOSE WHO LIVE OR WORK IN CENTRAL MASSACHUSETTS.
-
TO PROVIDE FUNDING TO NON-PROFIT ORGANIZATIONS FOR THE PURPOSE OF IMPROVING THE HEALTH OF THOSE WHO LIVE AND WORK IN CENTRAL MASSACHUSETTS.
Expenses $4,447,253 · Grants $3,479,645
As filed on the 2022 return.
Listed in Part VII
-
Amie Shei PhDAMIE SHEI PHD
PRESIDENT/CEO
- Total calculated
- $238,712
- From this org
- $229,819
- From related orgs
- $0
- Other
- $8,893
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $222,319
- Bonus
- $0
- Other
- $7,500
- Deferred
- $0
- Nontaxable benefits
- $8,893
- Filer's total
- $238,712
-
Janice B Yost EdDJANICE B YOST EDD
FORMER PRESIDENT/CEO
- Total calculated
- $172,917
- From this org
- $167,212
- From related orgs
- $0
- Other
- $5,705
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $129,636
- Bonus
- $35,076
- Other
- $2,500
- Deferred
- $0
- Nontaxable benefits
- $5,705
- Filer's total
- $172,917
-
Michelle L EwingMICHELLE L EWING
CONTROLLER
- Total calculated
- $129,943
- From this org
- $98,556
- From related orgs
- $0
- Other
- $31,387
- Hours/week
- 37.5
-
Jennie BlakeJENNIE BLAKE
SENIOR PROGRAM OFFICER
- Total calculated
- $133,483
- From this org
- $120,061
- From related orgs
- $0
- Other
- $13,422
- Hours/week
- 37.5
-
Kathleen MillsKATHLEEN MILLS
VP PROGRAMS
- Total calculated
- $116,797
- From this org
- $103,847
- From related orgs
- $0
- Other
- $12,950
- Hours/week
- 37.5
-
Timothy M Bibaud JDTIMOTHY M BIBAUD JD
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Francis M Saba MhsaFRANCIS M SABA MHSA
IMMEDIATE PAST CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Randall V Becker CPA MBARANDALL V BECKER CPA MBA
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Gisela Velez MD MPHGISELA VELEZ MD MPH
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Alex Corrales C-PhmALEX CORRALES C-PHM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Sejal M Daga MD FaafpSEJAL M DAGA MD FAAFP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Dennis M Dimitri MD FaafpDENNIS M DIMITRI MD FAAFP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Diane E Gould LicswDIANE E GOULD LICSW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Lindsay F Greenfield MBALINDSAY F GREENFIELD MBA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
J Michael Grenon CimaJ MICHAEL GRENON CIMA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Christie L Hager JD MPHCHRISTIE L HAGER JD MPH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Carolyn S Langer MD JD MPHCAROLYN S LANGER MD JD MPH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Kathryn Lee MDKATHRYN LEE MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Carole M Steen MsaCAROLE M STEEN MSA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
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 · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Written employment contract
- 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 1A
- THE FOUNDATION PAID FOR HEALTH CLUB MEMBERSHIP FOR THE FORMER PRESIDENT.
- PART I, LINE 4B
- THERE IS A DEFERRED COMPENSATION PLAN IN ACCORDANCE WITH IRC SECTION 457(B) FOR THE FORMER PRESIDENT. THE ORGANIZATION ACCRUED $10,078 TO THIS PLAN FOR THE CURRENT YEAR. THE CUMULATIVE BALANCE OF THE ACCRUED DEFERRED COMPENSATION AS OF YEAR-END IS $185,215.
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
-
$850,000
PRIVATE WELL PROGRAM TO PROTECT PUBLIC HEALTH
-
READYING EDUCATORS AND DEVELOPING YOUNG CHILDREN FOR GREAT OUTCOMES (READYGO)
-
ENCOMPASS: COMMUNITY AND COLLABORATION FOR FOSTER FAMILIES
-
QUABOAG CONNECTOR: SOLUTIONS FOR RURAL TRANSPORTATION
-
MAKING OPPORTUNITY COUNT (MOC)
$120,000
FAMILY HEALTH AT MOC
-
$120,000
WORLD FARMERS FOOD AGGREGATION HUB
-
$118,000
UNIVERSITY COLLABORATIVE CHILD CARE CENTER PLAYGROUND
-
FINAL PHASE HVAC RENOVATION OF MILFORD YOUTH CENTER BUILDING
-
$100,000
SPECIAL INITIATIVE TO PROTECT MASSHEALTH COVERAGE POST-PUBLIC HEALTH EMERGENCY
-
BUILDOUT OF ADMINISTRATIVE SPACE FOR PATIENT SERVICES
The 10 largest by cash amount. The API serves every itemized grant.
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.
-
THE HEALTH FOUNDATION FUND INC
501(C)(3) · TO SUPPORT THE PURPOSE AND MISSION OF ITS MEMBER, THE HEALTH FOUNDATION. · MA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313189349306021
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