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Nonprofiteer
← THE STEERE HOUSE FOUNDATION

Form 990 for tax year 2023

Filed by THE STEERE HOUSE FOUNDATION.

Totals

Total revenue
$161,210
Total expenses
$2,421,204
Contributions and grants received
$48,545
Grants paid
$2,318,332
Program service revenue
$0
Investment income
$124,305
Other revenue
-$11,640
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$2,342,257
Management and general expenses
$13,078
Fundraising expenses
$65,869
Program service expenses (Part III)
$2,342,257

Program services were 96.7% 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.

  • 1c · Fundraising events

    $36,410

  • 1f · All other contributions, gifts and grants

    $12,135

  • 3 · Investment income

    total $36,155 · excluded $36,155

  • 7a · Gross sales of assets other than inventory

    securities $332,361

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

    securities $244,211

  • 7c · Gain or loss

    securities $88,150

  • 7d · Net gain or loss

    total $88,150 · excluded $88,150

  • 8a · Fundraising events: gross income

    $8,235

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

    $36,410

  • 8b · Fundraising events: direct expenses

    $19,875

  • 8c · Net income from fundraising events

    total -$11,640 · excluded -$11,640

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,318,332 · program services $2,318,332

  • 11e · Fees: professional fundraising services

    total $59,950 · fundraising $59,950

  • 11f · Fees: investment management

    total $10,039 · management and general $10,039

  • 11g · Fees: other

    total $19,227 · program services $19,227

  • 23 · Insurance

    total $3,039 · management and general $3,039

  • 24a · Other expenses: STRATEGIC PLANNING

    total $4,698 · program services $4,698

  • 24b · Other expenses: OTHER EXPENSES

    total $3,141 · fundraising $3,141

  • 24c · Other expenses: ALLOCATED PAYROLL AND B

    total $2,778 · fundraising $2,778

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $17,079 · end of year $0

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,037 · end of year $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $2,474,697 · end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,339

  • 25 · Other liabilities

    beginning of year $7,433 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,574,375 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $890,666 · end of year $0

Mission and programs · 2023

Mission

THE MISSION OF THE STEERE HOUSE FOUNDATION ("THE FOUNDATION") IS TO SERVE THE RESTORATIVE AND LONG-TERM CARE NEEDS OF ADULTS THROUGH STEERE HOUSE NURSING & REHABILITATION CENTER BY ENCOURAGING AND FACILITATING PHILANTHROPIC GENEROSITY.

Activities or mission (Part I)

THE MISSION OF THE STEERE HOUSE FOUNDATION IS TO SERVE THE RESTORATIVE AND LONG-TERM CARE NEEDS OF ADULTS THROUGH STEERE HOUSE NURSING & REHABILITATION CENTER BY ENCOURAGING AND FACILITATING PHILANTHROPIC GENEROSITY.

  • PROVIDES SUPPORT AND MAINTENANCE OF STEERE HOUSE NURSING & REHABILITATION CENTER.

    Expenses $2,342,257 · Grants $2,318,332

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Linda Cannistra

    BOARD PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Paul Astphan

    BOARD VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Norma Owens

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • Diane Steere Nobles

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Carol McMahon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Chelsie Higgins

    DIRECTOR OF FINANCE THRU 11/27/23

    Total calculated
    $105,117
    From this org
    $0
    From related orgs
    $95,815
    Other
    $9,302
    Hours/week
    0.5 + 39.5 related

  • Joshua Segal

    EXECUTIVE DIRECTOR

    Total calculated
    $196,937
    From this org
    $0
    From related orgs
    $184,020
    Other
    $12,917
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $184,020 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $2,072 related
    Nontaxable benefits
    $0 + $10,845 related
    Filer's total
    $0 + $196,937 related

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)

PART I, LINE 3:
THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS DETERMINED BY THE BOARD OF DIRECTORS OF STEERE HOUSE NURSING & REHABILITATION CENTER, A RELATED ENTITY, AS THE EXECUTIVE DIRECTOR IS EMPLOYED BY STEERE HOUSE NURSING & REHABILITATION CENTER. IN ADDITION, STEERE HOUSE NURSING & REHABILITATION CENTER AND THE EXECUTIVE DIRECTOR ENTERED INTO A WRITTEN EMPLOYMENT CONTRACT.

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.

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.

  • STEERE HOUSE NURSING & REHABILITATION CENTER

    $2,209,510

    Liquidation · ASSETS CONSISTING PRIMARILY OF CASH AND INVESTMENTS TRANSFERRED TO ITS SOLE MEMBER, STEERE HOUSE NURSING AND REHABILITATION CENTER. NO ASSETS WERE SOLD. · Dec 31, 2023 · 501(C)(3)

Provenance

Return type
form_990
Tax year
2023
Filed
1 October 2024
IRS schema version
2023v5.1
Source object
202402769349301105

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