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Nonprofiteer
← STOUGHTON HOSPITAL FOUNDATION INC

Form 990 for tax year 2022

Filed by STOUGHTON HOSPITAL FOUNDATION INC.

Totals

Total revenue
$2,005,542
Total expenses
$558,552
Contributions and grants received
$1,972,031
Grants paid
$300,642
Program service revenue
$5,940
Investment income
$20,535
Other revenue
$7,036
Total assets, end of year
$2,769,703
Total liabilities, end of year
$65,502
Net assets or fund balances, end of year
$2,704,201
Program services expenses (Part IX)
$308,241
Management and general expenses
$46,252
Fundraising expenses
$204,059
Program service expenses (Part III)
$308,241

Program services were 55.2% 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.

  • 1c · Fundraising events

    $35,139

  • 1f · All other contributions, gifts and grants

    $1,936,892

  • 2f · All other program service revenue

    total $5,940 · related or exempt $5,940

  • 3 · Investment income

    total $19,618 · excluded $19,618

  • 7a · Gross sales of assets other than inventory

    securities $26,500

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

    securities $25,583

  • 7c · Gain or loss

    securities $917

  • 7d · Net gain or loss

    total $917 · excluded $917

  • 8a · Fundraising events: gross income

    $24,847

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

    $35,139

  • 8b · Fundraising events: direct expenses

    $17,811

  • 8c · Net income from fundraising events

    total $7,036 · excluded $7,036

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $290,002 · program services $290,002

  • 2 · Grants to domestic individuals

    total $10,640 · program services $10,640

  • 5 · Compensation of officers, directors and key employees

    total $76,958 · program services $3,848 · management and general $15,392 · fundraising $57,718

  • 7 · Other salaries and wages

    total $49,000 · program services $2,450 · management and general $9,800 · fundraising $36,750

  • 8 · Pension plan contributions

    total $809 · program services $40 · management and general $162 · fundraising $607

  • 9 · Other employee benefits

    total $16,163 · program services $809 · management and general $3,232 · fundraising $12,122

  • 10 · Payroll taxes

    total $9,048 · program services $452 · management and general $1,810 · fundraising $6,786

  • 11c · Fees: accounting

    total $4,650 · management and general $4,650

  • 11e · Fees: professional fundraising services

    total $71,200 · fundraising $71,200

  • 11g · Fees: other

    total $3,300 · fundraising $3,300

  • 12 · Advertising and promotion

    total $944 · fundraising $944

  • 13 · Office expenses

    total $9,266 · management and general $2,416 · fundraising $6,850

  • 17 · Travel

    total $553 · fundraising $553

  • 19 · Conferences, conventions and meetings

    total $697 · management and general $697

  • 24a · Other expenses: Repairs and Maintenance

    total $8,093 · management and general $8,093

  • 24b · Other expenses: Fundraising expenses

    total $7,229 · fundraising $7,229

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $107,409 · end of year $177,490

  • 3 · Pledges and grants receivable

    beginning of year $240,952 · end of year $1,340,410

  • 4 · Accounts receivable

    beginning of year $594 · end of year $2,335

  • 9 · Prepaid expenses and deferred charges

    end of year $2,900

  • 11 · Investments: publicly traded securities

    beginning of year $924,950 · end of year $1,246,568

  • 17 · Accounts payable and accrued expenses

    beginning of year $94,572 · end of year $64,864

  • 21 · Escrow or custodial account liability

    beginning of year $756 · end of year $638

  • 27 · Net assets without donor restrictions

    beginning of year $885,703 · end of year $1,243,712

  • 28 · Net assets with donor restrictions

    beginning of year $292,874 · end of year $1,460,489

Mission and programs · 2022

Mission

The mission of Stoughton Hospital Foundation is to cultivate and nurture relationships and develop, manage, and distribute charitable gifts to assist Stoughton Health in improving the health and wellness of the communities it serves.

Activities or mission (Part I)

Assist Stoughton Health in improving the health and wellness of the communities it serves.

  • Stoughton Hospital Foundation, Inc. was incorporated to attract charitable gifts to meet the needs of Stoughton Hospital Association. The Foundation is committed to using these resources wisely and efficiently, keeping in mind the donor's purpose and the needs of the communities served by Stoughton Hospital. We work to provide meaningful giving opportunities for people seeking to give back to their community. Since 1994, thanks to the generous donations of hundreds of donors, the Stoughton Hospital Foundation has raised and contributed more than $10 million for Stoughton Hospital's programs, services and equipment with over $300,000 given in fiscal year 2023.

    Expenses $308,241 · Grants $300,642 · Revenue $5,940

As filed on the 2022 return.

Listed in Part VII

  • Jessica Pharo

    President

    Total calculated
    $0
    Hours/week
    0.3

  • Tom Pertzborn

    Vice President

    Total calculated
    $0
    Hours/week
    0.3

  • Lukas Trow

    Secretary/Treasurer

    Total calculated
    $0
    Hours/week
    0.3

  • Brad Schroeder

    Immediate Past President

    Total calculated
    $0
    Hours/week
    0.3

  • Terrence Brenny

    Director

    Total calculated
    $0
    Hours/week
    0.3

  • Carolyn Clow

    Director

    Total calculated
    $0
    Hours/week
    0.3

  • Nicki Wagner

    Director

    Total calculated
    $0
    Hours/week
    0.3

  • Judy Knutson

    Director

    Total calculated
    $0
    Hours/week
    0.3

  • Dr Sarjoo Patel

    Director

    Total calculated
    $0
    Hours/week
    0.3

  • Matthew Roethe

    Director

    Total calculated
    $0
    Hours/week
    0.3

  • Mike Daniels

    Director (Until Nov 22)

    Total calculated
    $0
    Hours/week
    0.3

  • Laura Mays

    Foundation Executive Director

    Total calculated
    $145,065
    From this org
    $130,453
    From related orgs
    $0
    Other
    $14,612
    Hours/week
    21

    Schedule J breakdown matched by us

    Base
    $124,276
    Bonus
    $5,186
    Other
    $991
    Deferred
    $5,256
    Nontaxable benefits
    $11,707
    Filer's total
    $147,416

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

None.

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

The filer's explanations (Part III)

Schedule J, Unrelated compensation:
Laura Mays, Foundation Executive Director, allocates time to Stoughton Hospital Foundation and Stoughton Hospital Association. Total 2023 W-2 compensation and benefits from Stoughton Hospital Association is included on Part VII. Approximately 36% of the Foundation Director's calendar year 2023 time is attributable to the Foundation and the allocation is below. Compensation $46,662 Deferred compensation 1,880 Nontaxable benefits 4,522

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

Provenance

Return type
form_990
Tax year
2022
Filed
23 July 2024
IRS schema version
2022v5.0
Source object
202412199349300426

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