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← ELEA INSTITUTE

Form 990 for tax year 2022

Filed by ELEA INSTITUTE.

Totals

Total revenue
$80,549,075
Total expenses
$4,635,081
Contributions and grants received
$39,694
Grants paid
$0
Program service revenue
$593,279
Investment income
$67,844,726
Other revenue
$12,071,376
Total assets, end of year
$132,107,047
Total liabilities, end of year
$1,788,961
Net assets or fund balances, end of year
$130,318,086
Program services expenses (Part IX)
$2,778,598
Management and general expenses
$1,856,483
Fundraising expenses
$0
Program service expenses (Part III)
$2,778,598

Program services were 59.9% 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.

  • 1d · Related organizations

    $39,694

  • 2a · Program service revenue: Hospice Care

    total $593,279 · related or exempt $593,279

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $895,925 · excluded $895,925

  • 6a · Gross rents

    real property $1,675,812

  • 6c · Rental income or loss

    real property $1,675,812 · personal property $0

  • 6d · Net rental income or loss

    total $1,675,812 · excluded $1,675,812

  • 7a · Gross sales of assets other than inventory

    other assets $66,948,801

  • 7c · Gain or loss

    securities $0 · other assets $66,948,801

  • 7d · Net gain or loss

    total $66,948,801 · excluded $66,948,801

  • 11a · Other revenue: Forgiveness of debt

    total $10,395,564 · excluded $10,395,564

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $10,395,564

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $228,038 · management and general $228,038

  • 7 · Other salaries and wages

    total $712,818 · program services $498,973 · management and general $213,845

  • 8 · Pension plan contributions

    total $13,575 · program services $4,887 · management and general $8,688

  • 9 · Other employee benefits

    total $246,715 · program services $88,817 · management and general $157,898

  • 10 · Payroll taxes

    total $49,685 · program services $19,377 · management and general $30,308

  • 11b · Fees: legal

    total $128,744 · program services $0 · management and general $128,744

  • 11c · Fees: accounting

    total $83,482 · program services $0 · management and general $83,482

  • 11g · Fees: other

    total $302,843 · program services $161,175 · management and general $141,668 · fundraising $0

  • 12 · Advertising and promotion

    total $18,192 · program services $10,915 · management and general $7,277

  • 13 · Office expenses

    total $10,782 · program services $7,698 · management and general $3,084

  • 14 · Information technology

    total $95,501 · program services $68,372 · management and general $27,129

  • 16 · Occupancy

    total $1,028,246 · program services $503,521 · management and general $524,725

  • 20 · Interest

    total $16,323 · program services $13,875 · management and general $2,448

  • 22 · Depreciation, depletion and amortization

    total $1,272,686 · program services $1,235,601 · management and general $37,085

  • 23 · Insurance

    total $424,408 · program services $164,209 · management and general $260,199

  • 24a · Other expenses: Dues, licenses, and subscriptions

    total $3,043 · program services $1,178 · management and general $1,865

  • 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 $42,758,235 · end of year $5,679,100

  • 2 · Savings and temporary cash investments

    end of year $99,433,578

  • 4 · Accounts receivable

    beginning of year $11,615,530 · end of year $0

  • 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 $1,354,220 · end of year $1,051,636

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

    $44,637,877

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

    $18,695,144

  • 10c · Land, buildings and equipment, net

    beginning of year $28,839,711 · end of year $25,942,733

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $9,197,191 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,642,696 · end of year $1,689,672

  • 19 · Deferred revenue

    end of year $99,289

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $11,304,033 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $900,000

  • 25 · Other liabilities

    beginning of year $10,494,396 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $54,423,762 · end of year $130,318,086

Mission and programs · 2022

Mission

ELEA INSTITUTE IS A NONPROFIT CHARITABLE ORGANIZATION DEDICATED TO ADVANCING CARE FOR PEOPLE WITH SERIOUS ILLNESS.

  • Hospice care -- Hospice is specialized care for individuals facing serious and life-limiting illness with a certified prognosis of six months or less. A team of nursing professionals, social workers, chaplains and volunteers support the needs of patients and families -- whether alleviating pain and symptoms, assisting with personal care or providing medications, equipment and supplies. Hospice care is provided wherever the patient calls home, whether it is a house, senior living residence, or nursing home. On February 1st 2022, JourneyCare sold certain assets including substantially all of the hospice and palliative care operations to a buyer.

    Expenses $2,778,598 · Revenue $593,279

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

Listed in Part VII

  • Anne B Miller

    CHAIR (termed 4/1/2022)

    Total calculated
    $0
    Hours/week
    2

  • Julia Cormier

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Kent Mathy

    VP (termed 3/31/22) / Chair/President (Begin 4/1/22)

    Total calculated
    $0
    Hours/week
    2

  • Kristin Kurczewski

    SECRETARY (termed 4/1/2022)

    Total calculated
    $0
    Hours/week
    2

  • Mead Montgomery

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • David Hanold

    BOARD

    Total calculated
    $0
    Hours/week
    2

  • Elizabeth S Foley

    BOARD (termed 4/1/2022)

    Total calculated
    $0
    Hours/week
    2

  • Jeff Boundy

    Board

    Total calculated
    $0
    Hours/week
    2

  • Kelly Conroy Kenney

    Board

    Total calculated
    $0
    Hours/week
    2

  • Lawrence CASAZZA

    BOARD (termed 4/1/2022)

    Total calculated
    $0
    Hours/week
    2

  • Matthew Gensburg

    BOARD (termed 4/1/2022)

    Total calculated
    $0
    Hours/week
    2

  • Scott Vender

    BOARD (termed 4/1/2022)

    Total calculated
    $0
    Hours/week
    2

  • Candyce Mayer

    Interim CEO (Begin 3/1/2022)

    Total calculated
    $811,816
    From this org
    $788,511
    From related orgs
    $0
    Other
    $23,305
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $232,410
    Bonus
    $257,500
    Other
    $298,601
    Deferred
    $7,625
    Nontaxable benefits
    $15,680
    Filer's total
    $811,816

  • Kimberly Hobson

    Chief Executive Officer (termed 3/1/2022)

    Total calculated
    $847,606
    From this org
    $834,297
    From related orgs
    $0
    Other
    $13,309
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $37,186
    Bonus
    $370,800
    Other
    $426,311
    Deferred
    $1,279
    Nontaxable benefits
    $12,030
    Filer's total
    $847,606

  • Lydia Rohn

    Vice President of Human Resources

    Total calculated
    $182,171
    From this org
    $167,755
    From related orgs
    $0
    Other
    $14,416
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $17,527
    Bonus
    $110,725
    Other
    $39,503
    Deferred
    $3,407
    Nontaxable benefits
    $11,009
    Filer's total
    $182,171

  • Myleene Bosch

    Vice President of Hospice

    Total calculated
    $126,390
    From this org
    $125,749
    From related orgs
    $0
    Other
    $641
    Hours/week
    40

  • Linda Colello

    Executive Coordinator

    Total calculated
    $121,176
    From this org
    $110,660
    From related orgs
    $0
    Other
    $10,516
    Hours/week
    40

  • Lisa M Cox

    Vice President of Marketing & Communications

    Total calculated
    $500,997
    From this org
    $500,295
    From related orgs
    $0
    Other
    $702
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $30,088
    Bonus
    $252,350
    Other
    $217,857
    Deferred
    $547
    Nontaxable benefits
    $155
    Filer's total
    $500,997

  • Matthew Haycox

    Vice President of Operations

    Total calculated
    $391,491
    From this org
    $375,185
    From related orgs
    $0
    Other
    $16,306
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,867
    Bonus
    $97,500
    Other
    $136,818
    Deferred
    $5,331
    Nontaxable benefits
    $10,975
    Filer's total
    $391,491

  • Michael Podlasek

    Manager of Finance

    Total calculated
    $182,578
    From this org
    $168,586
    From related orgs
    $0
    Other
    $13,992
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $47,093
    Bonus
    $63,750
    Other
    $57,743
    Deferred
    $3,248
    Nontaxable benefits
    $10,744
    Filer's total
    $182,578

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 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

Answered no

  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 4a Severance or change-of-control payment
In calendar year 2022, the following individuals received severance: Kimberly Hobson - $370,800 Candyce Mayer - $257,500 Lisa Cox - $189,263 Matthew Haycox - $97,500 Michael Podlasek - $42,500 Lydia Rohn - $36,908
Schedule J, Part I, Line 7 Non-fixed payments
Managers are eligible for incentive compensation based on performance with the final decision by the Executive Committee of the Board.

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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

1 distribution to a recipient named as a person, $66,948,801. Counted where the filer named the recipient as a person, as filed. Who received them, and what, are not published.

Provenance

Return type
form_990
Tax year
2022
Filed
16 November 2023
IRS schema version
2022v5.0
Source object
202313199349328291

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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