2018-01-12T16:13:30-06:00 2017-06-30 651083521 Holyfield & Thomas LLC 125 Butler Street West Palm Beach FL 33407 990 2016-07-01 592391119 Palm Healthcare Foundation Inc PALM 5618336333 700 South Dixie Highway No 205 West Palm Beach FL 33401 Patrick McNamara CEO/President 5618336333 2017-12-19 1 David J Thomas P00002419 5616896000 173.9.132.9 2017-12-19 12:35:02 ES P 5ADEC303F2A8FC532F8EC295A2E2AB3E0E5DDC5B 3F2C1F92F376C90D02AC031579F8DE17ABDFDCC2 2016 2021-01-29 14:40:06Z Patrick McNamara 700 South Dixie Highway No 205 West Palm Beach FL 33401 30302656 0 X http://www.palmhealthcare.org/ X 1984 FL Palm Healthcare Foundation's mission is to improve health in Palm Beach County. 16 16 12 24 0 0 171135 516378 85852 11210 3266894 4080133 -431503 146697 3092378 4754418 1918004 1831128 0 0 1165107 1123427 0 0 346582 1562333 1285492 4645444 4240047 -1553066 514371 78482566 82779574 909276 594369 77573290 82185205 X Palm Healthcare Foundation is Palm Beach County's community foundation for health. With the support of donors and a focus on results, the foundation builds strong community partnerships, advocates for its most vulnerable neighbors and inspires innovative solutions to lead change for better health for generations to come. 0 0 3485955 1831128 11210 With the support of philanthropy and a focus on results, we build strong community partnerships, respect diverse opinions and seek innovative approaches to solving Palm Beach County's complex health problems through:- Collaborative Grantmaking: We bring people of diverse perspectives together to find innovative solutions to complex health issues and provide funding for initiatives that lead to better health.- Better health campaigns: We provide information on critical health issues affecting Palm Beach County residents, offer practical solutions and encourage residents to adopt lifestyle changes for better health.- Learning and action networks: We bring people together to explore new possibilities for learning and create new networks to address the determinants of health. 3485955 1 1 0 0 0 1 0 0 0 1 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 15 0 1 12 1 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X X Christina Perron Dir of Finance 5618336333 700 S Dixie Highway West Palm Beach FL 33401 X Philippe Jeck Board Chair 2.00 X X 0 0 0 Dr Alina Alonso Vice Chair 2.00 X X 0 0 0 Barbara Jacobowitz Secretary 2.00 X X 0 0 0 Chris Gryskiewicz Treasurer 1.00 X X 0 0 0 Ruth Schwarkopf Trustee 1.00 X 0 0 0 Dr David Dodson MD Trustee 1.00 X 0 0 0 Nat Nason Trustee 1.00 X 0 0 0 Mark Rubenstein MD Trustee 1.00 X 0 0 0 Jay Shearouse III Trustee 1.00 X 0 0 0 Greg Quattlebaum Trustee 1.00 X 0 0 0 Andrea Stephenson Trustee 1.00 X 0 0 0 Denise Bober Trustee 1.00 X 0 0 0 Dr Marsha Fishbane MD Trustee 1.00 X 0 0 0 Gail Horvath Trustee 1.00 X 0 0 0 Ilene Solomon Silber Trustee 1.00 X 0 0 0 Dave Wisehaupt Trustee 1.00 X 0 0 0 Andrea Bradley President & CEO 40.00 X 205240 0 15471 Nancy Reierson Vice Pres.-Philanthropy 40.00 X 148496 0 14465 Marge Sullivan Vice Pres.-Communications 40.00 X 122576 0 14796 Abigail Goodwin Vice Pres.-Grants & Comm. Investments 40.00 X 114493 0 21673 Patrick J McNamara President & CEO 40.00 X 0 0 0 590805 0 66405 4 0 1 0 0 516378 516378 Program Revenue 900099 11210 11210 11210 1463599 1463599 268440 557997 -289557 -289557 -289557 27606775 24990241 2616534 2616534 2616534 Change in Value of Split Interest 900099 436254 436254 436254 4754418 11210 0 4226830 1831128 1831128 572540 300185 139813 132542 416075 218579 101607 95889 16168 8048 3945 4175 58517 27888 14265 16364 60127 31686 14330 14111 74280 60772 13508 32100 26643 5457 423999 390079 33920 147447 119826 27621 156799 151807 3011 1981 62513 22346 9788 30379 84042 41633 42409 123560 2500 119860 1200 16366 11518 2291 2557 81191 54782 5838 20571 34846 34846 25713 25713 Administrative Allocati 0 179633 -202087 22454 Repairs & Maintenance 9031 0 7800 1231 Donor Recognition 7288 3542 850 2896 Training & Education 3823 3360 243 220 2494 2482 12 4240047 3485955 407510 346582 500 500 950254 1405976 15211 6615 83231 19455 9697320 3122971 6937830 6574349 67109348 70869737 3386192 3902942 78482566 82779574 202915 94763 706361 499606 909276 594369 X 57686828 60166088 10675807 12808462 9210655 9210655 77573290 82185205 78482566 82779574 514371 4097544 0 X X 0 1 X 1 0 X 735690 592190 566341 429355 516378 2839954 735690 592190 566341 429355 516378 2839954 2839954 2432404 2287471 1580478 1733856 1650493 9684702 12524656 35256 0.22670 0.22790 X Palm Healthcare Foundation's public support for fiscal year ended June 30, 2017 was 22.69%. The following facts and circumstances support the public charity status of the Foundation for four main reasons: 1) the Foundation's original corpus was funded substantially from broad public sources, and the investment income that impacts the public support percentage (Schedule A, Section C, Line 14) substantially comes from that original public support; 2) the Foundation has always operated a comprehensive fund development program which solicits a broad range of public donors in a number of ways, includes major giving, annual giving, planned giving, grant-writing, special events and on-line giving; 3) the Foundation's 16-member board of trustees and its eight (8) committees are made up of community members from a variety of geographic locations, industries, ethnic and religious backgrounds and socio-economic levels, representing Palm Beach County as a whole; and 4) the Foundation continues to receive legacy planned giving donations from the public that may be very material, but are unpredictable. 1) Palm Healthcare Foundation, a hospital conversion foundation, was created in July 2001 as the successor to the Good Samaritan Medical Center Foundation and St. Mary's Hospital Foundation when the two not-for-profit hospitals were sold to a for-profit entity. The funds in the hospital foundations, donated from a wide-range of public sources including individual donors, other foundations and corporations, formed the original corpus of Palm Healthcare Foundation. At the end of Palm Healthcare Foundation's first fiscal year, the Foundation held $64 million in an investment portfolio for the purposes of supporting the healthcare needs of Palm Beach County residents. From the beginning, the Foundation solicited the public at large for donations to supplement the corpus. Public donations and investment return has allowed Palm Healthcare Foundation to grant more than $74 million to more than 100 not-for-profit organizations serving the healthcare needs of our community. In recent years, the Foundation's work has been focused around community-based funding and made significant advances in the critical issues of diabetes prevention and management, nursing advancement, family caregiving, and behavioral health.2) Since its inception, Palm Healthcare Foundation has maintained a continuous program for solicitation of funds from the general public, community and local sponsors. The Foundation employs a senior-level fund development executive who manages a comprehensive solicitation program, including:a. Four annual direct mail pieces are sent to thousands of community members.b. An annual giving program, which was supported by 100% of the Foundation's trustees this fiscal year.c. A yearly nursing appreciation reception with sponsorship opportunities.d. Corporate support for diabetes-related programming and nursing advancement.e. Memorial and tribute giving opportunities. f. Multiple ways to give on-line at www.palmhealthcare.org.g. Fund raising ads are placed in the local newspaper.h. Annual reports with donors' stories and ways to give. i. Fund development training for trustees, as well as focus groups, cultivation activities and community events to which trustees bring potential donors. j. Submit several grant applications to local, state and national granting making organizations.This fiscal year, 10 different sources donated $5,000 or more for a total of $152,500. Total contributions and grants equaled more than $518,000 this past year. These donors represent individuals, other foundations, corporations and other organizations from across Palm Beach County.3) Palm Healthcare Foundation's board of trustees consists of a strong, diverse governing body which represents the broad healthcare interests of the residents of Palm Beach County. Trustees represent the following sectors of the community:a. Health Care District (government).b. For-profit hospital.c. Local private physician practices.d. Nursing.e. Nursing education.f. Corporations.g. Small businesses. h. Legal field.i. Financial industry.j. Banking.k. Not-for-profit healthcare planning organization.l. Real Estate.m. Retired.In addition, Palm Healthcare Foundation owns and operates the Mollie Wilmot Children's Center at the Palm Healthcare Pavilion on the campus of St. Mary's Medical Center. Thirty-two percent of the office space is provided free of charge to three unrelated not-for-profit organizations as part of the organization's mission to promote healthcare. The three not-for-profit organizations provide services directly for the benefit of the general public. The fair market value of the in-kind rent for the current fiscal year was $261,760.4) The Foundation continues to receive planned giving bequests which originated from its history of being the successor of a prior not-for-profit hospital foundation. The Foundation has no way of predicting the amount of funds to be received by future donees or bequests. In light of the history of Palm Healthcare Foundation's public support origins and the ongoing commitment to soliciting public support to improve the health and well-being of residents of Palm Beach County, Palm Healthcare Foundation meets the facts and circumstances of the public support test. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8 117468 288543 2626497 1 1 12969924 1483641 502906 13950659 13582776 200 -164090 448962 12969924 14011199 255597 684020 13582776 13080579 1718222 239920 547682 14011199 17332364 317163 2896874 1015077 19531324 0.66020 0.33980 0 0 8560047 2678236 5881811 655000 143554 511446 40535 35188 5347 376728 65010 265993 175745 6574349 X 8996300 4097544 10340 557997 4665881 4330419 423999 423999 4754418 4384385 10340 557997 568337 3816048 423999 423999 4240047 Part X, Line 2: The Internal Revenue Service has determined that the Foundation is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code. However, income from certain activities not directly related to the Foundation's tax-exempt purpose is subject to taxation as unrelated business income. There was no unrelated business income during the year ended June 30, 2017. The Foundation follows FASB ASC Topic 740-10, Accounting for Uncertainty in Income Taxes. This standard seeks to reduce the diversity in practice associated with certain aspects of measurement and recognition in accounting for income taxes. It prescribes a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position that an entity takes or expects to take in a tax return. An entity may only recognize or continue to recognize tax positions that meet a "more likely than not" threshold. The Foundation assesses its income tax positions based on management's evaluation of the facts, circumstances, and information available at the reporting date. The Foundation uses the prescribed "more likely than not" threshold when making its assessment. The Foundation did not record any adjustment and did not accrue any interest expense or penalties related to tax positions. There are currently no open federal or state tax years under audit. Part XI, Line 2d - Other Adjustments: Rental Expenses 557,997. Part XI, Line 4b - Other Adjustments: Investment Management Fees 423,999. Part XII, Line 2d - Other Adjustments: Rental Expenses 557,997. Part XII, Line 4b - Other Adjustments: Investment Management Fee 423,999. 1 El Sol Neighborhood 106 Military Trail Jupiter FL 33458 108706720 501(C)(3) 40000 VISTA Match Genesis Community Health Inc 564 East Woolbright Rd Boynton Beach FL 33435 800374741 501(C)(3) 15600 Diabetes Coalition Hospice Foundation of PBC 5300 East Ave West Palm Beach FL 33407 592543362 501(C)(3) 25000 General Support Community Child Care Center of Delray Beach 555 NW 4th St Delray Beach FL 33444 591264435 501(C)(3) 200000 Healthier Together Mapping Housing Partnership 2001 W Blue Heron Blvd Riviera Beach FL 33404 592704597 501(C)(3) 400000 Neighborworks Conference Jupiter Medical Center 1210 S Old Dixie Hwy Jupiter FL 33458 650132406 501(C)(3) 200000 Fiscal agent Enhanced Companion Program Palm Beach Atlantic University 901 South Flagler Dr West Palm Beach FL 33416 591092732 501(C)(3) 100000 Nursing Programs American Cancer Society 621 Clearwater Park West Palm Beach FL 33401 131788491 501(C)(3) 100000 General Operations Cleveland Clinic Florida 2950 Cleveland Clinic Blvd Weston FL 33331 650003177 501(C)(3) 28618 General Operations Pathways to Prosperity 900 N Seacrest Blvd Ocean Ridge FL 33435 273550271 501(C)(3) 200000 General Operations South Florida Sciences Center 4801 Dreher Trail North West Palm Beach FL 33405 590915177 501(C)(3) 117022 General Operations PBC Youth for Christ 800 Northpoint Pky Ste 202 West Palm Beach FL 33407 592197296 501(C)(3) 52000 General Support University of Miami Miller School 1500 NW 12th Ave Ste 1020 East Miami FL 33136 590624458 501(C)(3) 28404 Arrhythmia Research George Snow Foundation 201 Plaza Real Ste 260 Boca Raton FL 33432 592162597 501(C)(3) 210000 Nursing Scholarship Wellington Cares Inc 11924 Forest Hill Blvd Wellington FL 33414 800882212 501(C)(3) 10000 Palm Beach Cares Health Council of Southeast Florida 600 Sandres Dr Ste 101 Palm Beach Gardens FL 33403 592227752 501(C)(3) 85000 Healthier Together Part I, Line 2: Palm Healthcare Foundation practices engaged investment, a collaborative grantmaking philosophy that builds strong community relationships and is the impetus for its new Healthier Together initiative. Rather than treating symptoms alone, our Healthier Together initiative works to solve complex healthcare problem by targeting the root causes. Collaborating with community leaders and residents, we can generate change from the inside out. We believe that by planting deep roots and working hand-in-hand with key leaders toward a common goal, everyone in the community can live better, healthier and more enjoyable lives together. X X 0 0 0 0 0 0 0 0 0 Andrea Bradley President & CEO 205240 0 0 0 0 0 8400 0 7071 0 220711 0 0 0 Nancy Reierson Vice Pres.-Philanthropy 148496 0 0 0 0 0 713 0 13752 0 162961 0 0 0 Form 990, Part VI, Section B, line 11b The Organzation makes its Form 990 available to the board of directors by distributing a copy to each member of the board of trustees prior to filing with the IRS. The board reviews the content and discusses at a regularly scheduled board meeting. A motion is made to approve the filing of the Form 990. Form 990, Part VI, Section B, line 12c The Foundation strictly adheres to the conflict of interest/disclosure policy. Pursuant to the policy, during discussion or debate at scheduled board committee meetings, trustees, employees and volunteers with real, perceived, or potential conflicts of interest must announce those conflicts to the attendees. Trustees, employees, and volunteers who have stated a potential conflict must abstain from the vote, vacate the room while the vote is taken and return after the vote has been decided. The action will be noted in the meeting minutes. Additionally, board members provide a conflict of interest/disclosure form annually in conjunction with the annual meeting. Form 990, Part VI, Section B, line 15 The CEO and key employees compensation is reviewed annually and compared with similar not for profit positions from independent surveys. By recommendation of the executive committee, the board of trustees approves the CEO compensation. In addition, the board approves all employees compensation as detailed in the annual operating budget. Form 990, Part VI, Section C, line 19 The Organization makes its governing documents, conflict of interest policy, financial statements available upon request. The annual report is made available on the Organization's website. Part VII, Section A, Line 1a Mr. McNamara joined Palm Healthcare Foundation after the calendar year-end 2016, and therefore has no reportable compensation for this Form 990. Part XII Line 2C Audit Report Review Process: The audit report is reviewed annually at the audit report review meeting as presented by the independent auditors. The process has not changed from the prior year. 5205 Building LLC 5205 Greenwood Avenue West Palm Beach FL 33405 Commercial Rental Property FL 268400 6814373