2016-12-20T13:28:07-06:00 2016-06-30 651083521 Holyfield & Thomas LLC 125 Butler Street West Palm Beach FL 33407 990 2015-07-01 592391119 Palm Healthcare Foundation Inc PALM 5618336333 700 South Dixie Highway No 205 West Palm Beach FL 33401 Christina M Perron Director of Finance 5618336333 2016-12-12 1 David J Thomas P00002419 5616896000 2015 2017-02-10 21:41:12Z Christina M Perron 700 South Dixie Highway No 205 West Palm Beach FL 33401 32480567 0 X http://www.palmhealthcare.org/ X 1984 FL Palm Healthcare Foundation's mission is to improve health in Palm Beach County. 13 13 16 26 0 0 305981 171135 79695 85852 3313850 3266894 -406499 -431503 3293027 3092378 1734498 1918004 0 0 1100046 1165107 0 0 355302 1482034 1562333 4316578 4645444 -1023551 -1553066 84642019 78482566 2047809 909276 82594210 77573290 X Palm Healthcare Foundation's greater mission is to inspire and fund solutions to improve health in Palm Beach County. The Foundation is committed to finding ways for inspired giving and thoughtful funding to generate lasting change. 0 0 3923168 1918004 85852 Palm Healthcare Foundation's greater mission is to fund solutions to improve health in Palm Beach County. Its grantmaking seeks to meet the diverse health needs of Palm Beach County by 1) Addressing chronic health conditions;2) Strengthening neighborhood health through its Healthier Together initiative in the areas of diabetes, mental health and family caregiving; 3) Ensuring that Palm Beach County has a highly skilled nursing workforce that provides care across all settings; and 4) Enhancing and innovating the system of healthcare delivery in Palm Beach County. Other accomplishments. 3923168 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 16 0 1 16 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X Christina Perron Dir of Finance 5618336333 700 S Dixie Highway West Palm Beach FL 33401 Mark Cook Chairman 2.00 X X 0 0 0 Philippe Jeck Vice Chairman 2.00 X X 0 0 0 Christopher Gryskiewicz Treasurer 2.00 X X 0 0 0 Barbara Jacobowitz Secretary 1.00 X X 0 0 0 Ruth Schwarkopf Trustee 1.00 X 0 0 0 Alina M Alonso MD Trustee 1.00 X 0 0 0 David Dodson MD Trustee 1.00 X 0 0 0 Pete Martinez Trustee 1.00 X 0 0 0 Mark Rubenstein MD Trustee 1.00 X 0 0 0 Joseph B 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 Marsha Fishbane Trustee 1.00 X 0 0 0 Gail Horvath Trustee 1.00 X 0 0 0 Andrea Bradley CEO 40.00 X 235908 0 15212 Marjorie Sullivan Vice President 40.00 X 122561 0 9095 Mary Robosson Vice President 40.00 X 123529 0 3553 481998 0 27860 3 0 1 0 0 171135 171135 Program Revenue 900099 85852 85852 85852 1642014 1642014 275034 545120 -270086 -270086 -270086 30467949 28843069 1624880 1624880 1624880 Change in Value of Split Interest 900099 -161417 -161417 -161417 3092378 85852 0 2835391 1918004 1918004 512444 265295 131049 116100 505801 261638 129399 114764 15591 8283 3940 3368 63670 33944 16063 13663 67601 35673 16131 15797 46129 46129 31200 25915 5285 445960 409468 36492 365152 298069 67083 190587 183577 2920 4090 81432 41951 10707 28774 37945 37945 118491 2681 115060 750 23462 15033 4488 3941 73731 53717 3491 16523 14362 14362 26395 26395 Administrative Allocati 0 257568 -289764 32196 Repairs & Maintenance 77732 57838 19894 Training & Education 12836 3827 7247 1762 Donor Recognition 8030 3655 2130 2245 8889 903 6657 1329 4645444 3923168 366974 355302 500 500 1505181 950254 22993 15211 18248 83231 9697320 2759490 7262591 6937830 71284897 67109348 4547609 3386192 84642019 78482566 125161 202915 1922648 706361 2047809 909276 X 62021263 57686828 11362292 10675807 9210655 9210655 82594210 77573290 84642019 78482566 -1553066 -3467854 0 X X 0 1 X 1 0 X 675411 735690 517190 305981 171163 2405435 675411 735690 517190 305981 171163 2405435 2405435 2127784 2432404 2287471 1774338 1917048 10539045 12944480 165546 0.18580 0.21430 X Palm Healthcare Foundation's public support for fiscal year ended June 30, 2016 was 18.58%. 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 17-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 $70 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, Greater Together Giving Funds, 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, 11 different sources donated $5,000 or more for a total of $150,180. Total contributions and grants equaled more than $170,000 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 $246,300.4) 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 95303 297571 2522680 1 1 13582776 200 -164090 448962 12969924 14011199 255597 684020 13582776 13080579 1718222 239920 547682 14011199 17332364 317163 2896874 1015077 19531324 8920300 263617 9444847 1296400 17332364 0.71000 0.29000 0 0 8560047 2384363 6175684 655000 130454 524546 40535 25189 15346 376728 65010 219484 222254 6937830 X -157385 -3467854 118931 545120 -2803803 2646418 445960 445960 3092378 4863535 118931 545120 664051 4199484 445960 445960 4645444 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, 2016. 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 545,120. Part XI, Line 4b - Other Adjustments: Investment Management Fees 445,960. Part XII, Line 2d - Other Adjustments: Rental Expenses 545,120. Part XII, Line 4b - Other Adjustments: Investment Management Fee 445,960. 1 Academy for Nursing & Health Occupation 5154 Okeechobee Blvd West Palm Beach FL 33417 592757346 501(C)(3) 6578 Nursing Scholarships Caridad Center 8645 West Boynton Beach Blvd Boynton Beach FL 33472 650149423 501(C)(3) 77000 Diabetes Prevention, Management for Minorities & Capital Support. Community Foundation of Palm Beach and Martin County 700 South Dixie Hwy Suite 200 West Palm Beach FL 33401 237181875 501(C)(3) 10000 Great Give Event El Sol Neighborhood 106 Military Trail Jupiter FL 33458 108706720 501(C)(3) 25000 VISTA Match FAU Foundation 777 Glades Rd 247 Boca Raton FL 33431 590917284 501(C)(3) 102500 Nursing Scholarships Genesis Community Health Inc 564 East Woolbright Rd Boynton Beach FL 33435 800374741 501(C)(3) 10000 Diabetes Coalition Clinics Can Help 1550 Latham Rd Ste 10 West Palm Beach FL 33410 202778895 501(C)(3) 25000 General Support Hospice Foundation of PBC 139 North County Rd Palm Beach FL 33480 592543362 501(C)(3) 50656 Marmont Quarterly Payment 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) 261001 Neighborworks Conference Jupiter Medical Center 1210 S Old Dixie Hwy Jupiter FL 33458 650132406 501(C)(3) 200000 Fiscal agent Alpert Jewish Family & Jewish Services 5841 Corporate Dr Suite 200 West Palm Beach FL 33407 501(C)(3) 80000 Enhanced Companion Program Palm Beach Atlantic University 901 South Flagler Dr West Palm Beach FL 33416 591092732 501(C)(3) 203984 Nursing Programs Northwest Community Consortuim 409 N Rosemary AVe West Palm Beach FL 33401 271113500 501(C)(3) 75000 NCCI planning Palm Beach State College 4200 Congress Ave Lake Worth FL 33461 591818556 501(C)(3) 8079 Nursing Scholarships 211 Palm BeachTreasure Coast PO Box 3588 Lantana FL 33465 237153017 501(C)(3) 10000 Resource Directories American Cancer Society 621 Clearwater Park West Palm Beach FL 33401 131788491 501(C)(3) 81513 General Operations Cleveland Clinic Florida 2950 Cleveland Clinic Blvd Weston FL 33331 650003177 501(C)(3) 20340 General Operations My Clinic 6405 W Indiantowen Rd B Jupiter FL 33458 800653642 501(C)(3) 25000 General Operations Palm Beach County Food Bank 525 Gator Drive Lantana FL 33462 900788707 501(C)(3) 10000 General Operations Pathways to Prosperity 900 N Seacrest Blvd Ocean Ridge FL 33435 273550271 501(C)(3) 200000 General Operations Quantum House 987 45th st West Palm Beach FL 33407 650893260 501(C)(3) 50000 General Operations Sari CenterPB Cancer Institute Fd 1411 N Flagler Dr Ste 8900b West Palm Beach FL 33401 592541781 501(C)(3) 5000 General Operations South Florida Sciences Center 4801 Dreher Trail North West Palm Beach FL 33405 590915177 501(C)(3) 95340 General Operations Truth Point Church PO Box 222926 West Palm Beach FL 33422 501(C)(3) 10000 Love Bags Young People In Recovery 2500 Magnolia St Denver CO 80207 464109067 501(C)(3) 20000 General Operations Hanley Center 933 45th St West Palm Beach FL 33407 202871945 501(C)(3) 25656 General Support 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 CEO 235908 0 0 0 0 0 8400 0 6812 0 251120 0 0 0 Form 990, Part VI, Section B, line 11 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 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