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Nonprofiteer
← PALM HEALTHCARE FOUNDATION INC

Form 990 for tax year 2022

Filed by PALM HEALTHCARE FOUNDATION INC.

Totals

Total revenue
$1,993,608
Total expenses
$5,097,890
Contributions and grants received
$1,085,009
Grants paid
$2,040,688
Program service revenue
$82,438
Investment income
$1,125,436
Other revenue
-$299,275
Total assets, end of year
$85,858,257
Total liabilities, end of year
$650,878
Net assets or fund balances, end of year
$85,207,379
Program services expenses (Part IX)
$4,316,767
Management and general expenses
$466,821
Fundraising expenses
$314,302
Program service expenses (Part III)
$4,316,767

Program services were 84.7% 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

    $1,085,009

  • 1g · Noncash contributions included above

    $44,668

  • 2a · Program service revenue: Event Income

    total $64,156 · related or exempt $64,156

  • 2b · Program service revenue: Program Revenue

    total $18,282 · related or exempt $18,282

  • 3 · Investment income

    total $1,947,901 · excluded $1,947,901

  • 6a · Gross rents

    real property $255,331

  • 6b · Less rental expenses

    real property $554,606

  • 6c · Rental income or loss

    real property -$299,275

  • 6d · Net rental income or loss

    total -$299,275 · excluded -$299,275

  • 7a · Gross sales of assets other than inventory

    securities $68,179,940

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

    securities $69,002,405

  • 7c · Gain or loss

    securities -$822,465

  • 7d · Net gain or loss

    total -$822,465 · excluded -$822,465

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,040,688 · program services $2,040,688

  • 5 · Compensation of officers, directors and key employees

    total $474,405 · program services $273,826 · management and general $124,626 · fundraising $75,953

  • 7 · Other salaries and wages

    total $818,957 · program services $472,837 · management and general $214,281 · fundraising $131,839

  • 8 · Pension plan contributions

    total $43,074 · program services $24,669 · management and general $12,545 · fundraising $5,860

  • 9 · Other employee benefits

    total $112,520 · program services $64,187 · management and general $34,393 · fundraising $13,940

  • 10 · Payroll taxes

    total $84,281 · program services $49,083 · management and general $21,940 · fundraising $13,258

  • 11b · Fees: legal

    total $7,195 · program services $3,000 · management and general $4,195

  • 11c · Fees: accounting

    total $36,950 · management and general $36,950

  • 11f · Fees: investment management

    total $392,950 · program services $336,417 · management and general $56,533

  • 11g · Fees: other

    total $272,591 · program services $272,486 · management and general $105

  • 12 · Advertising and promotion

    total $285,967 · program services $276,677 · fundraising $9,290

  • 13 · Office expenses

    total $30,168 · program services $3,223 · management and general $21,386 · fundraising $5,559

  • 14 · Information technology

    total $90,454 · program services $21,273 · management and general $65,919 · fundraising $3,262

  • 16 · Occupancy

    total $152,244 · program services $3,150 · management and general $147,396 · fundraising $1,698

  • 17 · Travel

    total $11,678 · program services $7,640 · management and general $223 · fundraising $3,815

  • 19 · Conferences, conventions and meetings

    total $182,423 · program services $171,180 · management and general $2,639 · fundraising $8,604

  • 22 · Depreciation, depletion and amortization

    total $13,940 · management and general $13,940

  • 23 · Insurance

    total $26,960 · management and general $26,960

  • 24a · Other expenses: Training & Education

    total $10,136 · program services $4,941 · management and general $4,676 · fundraising $519

  • 24b · Other expenses: Repairs & Maintenance

    total $3,782 · fundraising $3,782

  • 24c · Other expenses: Volunteer & Employee Re

    total $2,785 · management and general $2,785

  • 24d · Other expenses: Donor Recognition

    total $2,534 · program services $1,820 · fundraising $714

  • 24e · All other expenses

    total $1,208 · program services $289,670 · management and general -$324,671 · fundraising $36,209

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $500 · end of year $500

  • 2 · Savings and temporary cash investments

    beginning of year $966,610 · end of year $867,609

  • 4 · Accounts receivable

    beginning of year $3,459

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,133 · end of year $29,224

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

    $9,974,038

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

    $5,044,080

  • 10c · Land, buildings and equipment, net

    beginning of year $5,246,414 · end of year $4,929,958

  • 11 · Investments: publicly traded securities

    beginning of year $74,846,179 · end of year $77,159,294

  • 15 · Other assets

    beginning of year $2,752,596 · end of year $2,871,672

  • 17 · Accounts payable and accrued expenses

    beginning of year $167,175 · end of year $173,608

  • 18 · Grants payable

    beginning of year $600,000 · end of year $400,000

  • 25 · Other liabilities

    beginning of year $46,381 · end of year $77,270

  • 27 · Net assets without donor restrictions

    beginning of year $60,619,631 · end of year $62,105,707

  • 28 · Net assets with donor restrictions

    beginning of year $22,386,704 · end of year $23,101,672

Mission and programs · 2022

Mission

We inspire and fund solutions for better health in Palm Beach County through community collaboration.

Activities or mission (Part I)

The Foundation inspires and funds solutions for better health through community collaboration.

  • Through Palm Health Foundation's fundraising, grantmaking, and initiatives, we are:Building a Culture of Health: We support community health initiatives that promote the adoption of healthy lifestyles and tackle the social, economic, and environmental factors that impact health in our neighborhoods.Advancing Brain Health: We inspire unique partnerships and innovative networks between brain science, community members, and care settings to make Palm Beach County a national leader in promoting brain health.Strengthening the Health Professions: We support educational programs such as scholarships and trainings that improve the quality of care in clinical and community-based settings.

    Expenses $4,316,767 · Grants $2,040,688 · Revenue $82,438

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dr Alina Alonso

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Denise Bober

    Immediate past chair

    Total calculated
    $0
    Hours/week
    2

  • Greg Quattlebaum

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Dave Wisehaupt

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Ruth Schwarkopf

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Nat Nason

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Andrea Stephenson

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Dr Marsha Fishbane MD

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Ellen Andel

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Ilene Solomon Silber

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mark Elhilow

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Frances Fisher

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Christine Koehn PhD

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Clarence Williams

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Barbara James

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Stephen Zaloom

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Naelys Luna PhD

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Clovis Moodie

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Julie Fisher Cummings

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Abigail Goodwin

    Exec VP

    Total calculated
    $171,393
    From this org
    $136,647
    From related orgs
    $0
    Other
    $34,746
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,647
    Bonus
    $0
    Other
    $0
    Deferred
    $8,400
    Nontaxable benefits
    $26,346
    Filer's total
    $171,393

  • Patrick J McNamara

    President & CEO

    Total calculated
    $283,483
    From this org
    $248,180
    From related orgs
    $0
    Other
    $35,303
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $248,180
    Bonus
    $0
    Other
    $0
    Deferred
    $8,400
    Nontaxable benefits
    $26,903
    Filer's total
    $283,483

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 · Form 990 of other organizations
  • 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

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

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • 5205 Building LLC

    Commercial Rental Property & Programmatic Rent Concessions · FL · income -$285,786 · assets $5,247,940

    Directly controlled by Palm Healthcare Foundation Inc

Provenance

Return type
form_990
Tax year
2022
Filed
22 December 2023
IRS schema version
2022v5.0
Source object
202303569349300035

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