2013-03-11T13:10:16-05:00 2012-06-30 651083521 HOLYFIELD & THOMAS LLC 125 BUTLER STREET WEST PALM BEACH FL 33407 990 2011-07-01 592391119 PALM HEALTHCARE FOUNDATION INC PALM 5618336333 1016 NORTH DIXIE HIGHWAY WEST PALM BEACH FL 33401 ANDREA BRADLEY JD 5618336333 2013-03-05 1 DAVID J THOMAS P00002419 5616896000 X 2011 2016-02-25 16:41:14Z ANDREA BRADLEY JD 1016 NORTH DIXIE HIGHWAY WEST PALM BEACH FL 33401 21158931 0 X HTTP://WWW.PALMHEALTHCARE.ORG/ X 1984 FL THE FOUNDATION'S MISSION IS TO INSPIRE AND FUND SOLUTIONS TO IMPROVE HEALTH IN PALM BEACH COUNTY. 15 15 14 130 0 0 754372 2675411 234810 0 3273651 2715186 0 -1285663 4262833 4104934 2524007 1588074 0 0 1026578 866800 0 0 435713 1271634 1816274 4822219 4271148 -559386 -166214 80010211 76728591 1750017 1620294 78260194 75108297 X THE FOUNDATION'S MISSION IS TO INSPIRE AND FUND SOLUTIONS TO IMPROVE HEALTH IN PALM BEACH COUNTY WITH AN EMPHASIS ON STRENGTHENING THE HEALTHCARE SYSTEM, SUPPORTING CARE FOR THE UNDERSERVED AND SERVING AS A CATALYST FOR CHANGE. 0 0 1916503 1588074 PALM HEALTHCARE FOUNDATION'S RESPONSIVE GRANT MAKING SEEKS TO MEET THE DIVERSE NEEDS OF PALM BEACH COUNTY'S HEALTH SYSTEMS FROM EXPANDING ACCESS TO NEIGHBORHOOD-BASED CARE TO DEVELOPING A HIGHLY-EDUCATED HEALTHCARE WORKFORCE. THE FOUNDATION'S GRANTMAKING PHILOSOPHY SEEKS NON-TRADITIONAL APPROACHES TO DIFFICULT HEALTH CHALLENGES WORKING WITH COMMUNITY PARTNERS TO LEVERAGE COMBINED EXPERTISE TO DEVELOP CREATIVE SOLUTIONS THAT DELIVER HIGH-IMPACT RESULTS. 1034303 PALM HEALTHCARE FOUNDATION'S FUNDING FOR NURSING FOCUSES ON BUILDING CAPACITY IN NURSING SCHOOLS, DEVELOPING NURSING LEADERS, IMPROVING WORK ENVIRONMENTS AND ADVANCING NURSING SKILLS IN CRITICAL AREAS SUCH AS GERIATRICS, MENTAL HEALTH AND DIABETES. 91262 PALM HEALTHCARE PAVILION PROGRAMS SUPPORT FAMILIES WITH CHRONIC HEALTH CONDITIONS IN A WELCOMING ENVIRONMENT THAT EMPHASIZES EDUCATION, PERSONAL RESPONSIBILITY AND EMPOWERMENT. OTHER PAVILION PROGRAMS PROVIDE TRAINING AND EDUCATION FOR HEALTH PROFESSIONALS TO ENHANCE SKILL LEVELS AND CLINICAL EXPERTISE. 153759 THE NURSING DISTINCTION AWARDS CELEBRATION IS A RECOGNITION ACTIVITY TO CELEBRATE OUTSTANDING NURSES IN PALM BEACH COUNTY AND TO BRING VISIBILITY TO AND ELEVATE THE STATUS OF THE NURSING PROFESSION. 153759 3195827 1 1 0 0 0 1 0 0 0 1 1 1 0 1 0 1 1 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 12 0 1 14 1 0 0 0 0 0 1 1 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X JOHN PETERS 5618336333 1016 N DIXIE HWY WEST PALM BEACH FL 33401 JOHN LACY 2.00 X X 0 0 0 MARK COOK 2.00 X X 0 0 0 PHILIPPE JECK 2.00 X X 0 0 0 BARBARA JACOBOWITZ 2.00 X X 0 0 0 ALINA M ALONSO MD 1.00 X 0 0 0 DAVID DODSON MD 1.00 X 0 0 0 JOAN K EIGEN 1.00 X 0 0 0 CHRISTOPHER GRYSKIEWICZ 1.00 X 0 0 0 FRAN HATHAWAY 1.00 X 0 0 0 PETE MARTINEZ 1.00 X 0 0 0 MARK RUBENSTEIN MD 1.00 X 0 0 0 JOSEPH B SHEAROUSE III 1.00 X 0 0 0 ROSE O SHERMAN EDD RN FAAN 1.00 X 0 0 0 ANDREA STEPHENSON 1.00 X 0 0 0 SANDRA C TURNQUEST 1.00 X 0 0 0 JOHN PETERS 40.00 X 147890 0 14740 AMY DEAN 40.00 X 101984 0 12027 MELANIE OTERO 40.00 X 106908 0 14494 MARGE SULLIVAN 40.00 X 111576 0 12831 SUZETTE WEXNER RETIRED 0.00 X 216505 0 0 684863 0 54092 5 1 1 0 0 198343 2477068 2675411 1872792 1872792 254992 382647 -127655 -127655 -127655 17426332 16583938 842394 842394 842394 12756 198343 87412 -74656 -74656 LOSS ON IHS SETTLEMENT 900099 -466071 -466071 CHANGE IN SPLIT INTERE 900099 -617281 -617281 -1083352 4104934 -127655 0 1557178 1588074 1588074 655684 208251 292733 154700 95547 32557 38805 24185 9453 570 8459 424 32540 1963 29119 1458 73576 20673 37546 15357 310241 10635 299606 51600 1769 49831 435378 132609 204259 98510 128889 105458 23431 25342 12225 9535 3582 129570 68580 60990 17195 6463 5525 5207 168532 143893 24639 42497 20373 22124 EVENTS 172230 153759 7361 11110 CONSULTING & CONTRACT L 133766 23594 109760 412 REPAIRS & MAINTENANCE 100724 47805 51758 1161 UTILITIES 47956 27429 18526 2001 52354 589147 -630968 94175 4271148 3195827 639608 435713 901 1553824 1227743 2085010 1251917 511779 9660356 1440501 8560758 8219855 62935999 60184824 5707713 4498479 80010211 76728591 3492 371675 1185699 1248619 560826 0 1750017 1620294 X 55381447 54562321 12391639 11335321 10487108 9210655 78260194 75108297 80010211 76728591 X -166214 -2985683 X X 0 1 1 X 0 X 3719294 1109376 431240 754372 2675411 8689693 3719294 1109376 431240 754372 2675411 8689693 1624882 7064811 1639212 1658243 2238485 2335696 2127784 9999420 44778 12000 10000 66778 18755891 613200 0.37670 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9 22 200734 0 503354 0 3274052 7191321 1 1 8920300 263617 9444847 1296400 17332364 9135148 -214848 8920300 9012452 25000 696453 598757 9135148 11364573 25272 -1890299 487094 9012452 0.00000 0.53000 0.47000 0 0 4837116 3763518 1231538 7369096 655000 78054 576946 21945 11315 10630 382777 119594 263183 8219855 SPLIT INTEREST AGREEMENT 4234607 OTHER CONTRIBUTIONS RECEIVABLE 25011 PREPAID AND OTHER ASSETS 238861 4498479 4104934 4271148 -166214 -2487091 153563 -652155 -2985683 -3151897 2272158 -2487090 153563 34679 -2298848 4571006 -466072 -466072 4104934 4771901 34681 34681 4737220 -466072 -466072 4271148 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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, 2012. 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 XII, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEE -435,380. SPECIAL EVENT EXPENSES 87,412. RENTAL EXPENSES 382,647. PART XII, LINE 4B - OTHER ADJUSTMENTS: LOSS ON SETTLEMENT -466,072. PART XIII, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEE -435,378. SPECIAL EVENT EXPENSES 87,412. RENTAL EXPENSES 382,647. PART XIII, LINE 4B - OTHER ADJUSTMENTS: LOSS ON SETTLEMENT -466,072. MISC. FUNDRAISING EVENTS 211099 198343 12756 87412 211099 198343 12756 87412 87412 -74656 1 ACADEMY OF NURSING & HEALTH OCCUPATIONS 5451 OKEECHOBEE BLVD STE 201 WEST PALM BEACH FL 33417 592757346 501(C)(3) 6266 NURSING SCHOLARSHIPS UNITED WAY OF PALM BEACH COUNTY 2600 QUANTUM BLVD BOYNTON BEACH FL 33426 590683258 501(C)(3) 35000 ONE-E-APP COMMON ELIGIBILITY SCREENING TOOL AMERICAN ASSOCIATION OF CAREGIVING YOUTH INC 1515 NORTH FEDERAL HWY STE 214 BOCA RATON FL 33432 650866677 501(C)(3) 31000 CAREGIVING YOUTH PROJESCT-GENERAL SUPPORT ARTHRITIS FOUNDATION 400 HIBISCUS ST WEST PALM BEACH FL 33401 590816892 501(C)(3) 25000 GENERAL SUPPORT FOR CLINICS FOR MEDICALLY INDIGENT PATIENTS WITH ARTHRITIS CARIDAD CENTER 8645 WEST BOYNTON BEACH BLVD BOYNTON BEACH FL 33472 650149423 501(C)(3) 25000 PREVENTION, EDUCATION, TREATMENT (PET) PROGRAM FAU FOUNDATION 777 GLADES RD ADMIN BLDG 383 BOCA RATON FL 33431 590917284 501(C)(3) 878234 DIABETES CTR.-NOVICE NURSING AND SCHOLARSHIPS H LEE MOFFITT CANCER CENTER & RESEARCH INSTITUTE 12902 MAGNOLIA DR TAMPA FL 33612 592451713 501(C)(3) 50000 HOW JACQUIE LIGGETT FELLOWSHIP HOSPICE OF PALM BEACH COUNTY 5300 EAST AVE WEST PALM BEACH FL 33407 591825937 501(C)(3) 56950 HOSPICE FOUNDATION PAYMENTS PALM BEACH COUNTY MEDICAL SOCIETY SERVICES 3540 FOREST HILL BLVD STE 101 WEST PALM BEACH FL 33406 651048299 501(C)(3) 20000 H.E.R.C. PALM BEACH STATE COLLEGE 4200 CONGRESS AVE LAKE WORTH FL 33461 591818556 501(C)(3) 20805 SCHOLARSHIPS THE INSTITUTE FOR MOBILITY & LONGEVITY 1080 E INDIAN TOWN RD STE 104 JUPITER FL 33477 042981081 501(C)(3) 12618 GENERAL OPERATING SUPPORT PALM BEACH COUNTY YOUTH FOR CHRIST 800 NORTHPOINT PARKWAY STE 202 WEST PALM BEACH FL 33407 592197296 501(C)(3) 50000 GENERAL SUPPORT AMERICAN ASSOCIATION OF CRITICAL CARE PO BOX 30494 PALM BEACH GARDENS FL 33420 952706905 501(C)(3) 7000 CRITICAL CARE NURSING DIABETES RESEARCH INSTITUTE 200 SOUTH PARK RD STE 100 HOLLYWOOD FL 33021 591361955 501(C)(3) 100000 RESEARCH ECONOMIC DEVELOPEMENT RESEARCH INSTITUTE 4420 BEACN CIR WEST PALM BEACH FL 33407 200080989 501(C)(3) 15000 PBC COUNTS FLORIDA INTERNATIONAL UNIVERSITY 11200 SW 8TH ST AHCII 680 MIAMI FL 33199 237047106 170(C)(1) 6000 JACQUIE LIGGETT MEDICAL KEISER UNIVERSITY 2085 VISTA PARKWAY WEST PALM BEACH FL 33411 650216638 170(C)(1) 8435 NURSING SCHOLARSHIPS PALM BEACH DAY ACADEMY 241 SEAVIEW AVE PALM BEACH FL 33480 590873834 501(C)(3) 50000 CAPITAL SUPPORT PALM BEACH INFECTIOUS DISEASE INSTITUTE 601 HERITAGE DR STE 152 JUPITER FL 33458 522261935 501(C)(3) 25000 GENERAL SUPPORT SARI CENTERPALM BEACH CANCER INSTITUTE 1411 NORTH FLAGLER DR STE 8900B WEST PALM BEACH FL 33401 592541781 501(C)(3) 5000 SCHOLARSHIPS HANLEY CENTER 933 45TH ST WEST PALM BEACH FL 33407 202871945 501(C)(3) 29333 GENERAL SUPPORT SCHOOL BOARD OF PALM BEACH COUNTY 3310 FOREST HILL BLVD WEST PALM BEACH FL 33406 12500 GENERAL SUPPORT SOUTH UNIVERSITY-WEST PALM BEACH CAMPUS 9801 BELVEDERE RD ROYAL PALM BEACH FL 33411 170(C)(1) 11085 SCHOLARSHIPS KAPLAN UNIVERSITY 1801 EAST KIMBERLY RD DAVENPORT IA 52807 170(C)(1) 5000 SCHOLARSHIPS FLORIDA CAREER COLLEGE 1743 NORTH CONGRESS AVE BOYNTON BEACH FL 33426 170(C)(1) 10000 SCHOLARSHIPS 19 6 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: WE PRACTICE THE PHILOSOPHY OF ENGAGED INVESTMENT WHICH IS A COLLABORATIVE GRANTMAKING PHILOSOPHY THAT BUILDS STRONG COMMUNITY RELATIONSHIPS, RESPECTS DIVERSE OPINIONS AND SEEKS NON-TRADITIONAL APPROACHES TO DIFFICULT CHALLENGES. BY WORKING TOGETHER AND LEVERAGING OUR COMBINED EXPERTISE FOR THE COMMON GOOD, WE CAN DEVELOP MORE CREATIVE SOLUTIONS AND DELIVER HIGH-IMPACT RESULTS SO WE'RE ALL HEALTHY TOGETHER. . . OUR STRATEGIC PRIORITIES ARE: 1. DIABETES PREVENTION AND MANAGEMENT 2. NURSING ADVANCEMENT 3. FAMILY CAREGIVING 4. BEHAVIORAL HEALTH X X 1 0 0 0 0 0 0 0 0 JOHN PETERS 147890 0 0 0 0 0 8400 0 6340 0 162630 0 0 0 SUZETTE WEXNER RETIRED 216505 0 0 0 0 0 0 0 0 0 216505 0 0 0 PART I, LINE 4A SUZETTE WEXNER: TOTAL COMPENSATION AS REPORTED ON SCHEDULE J PART II WAS 100% SEVERANCE COMPENSATION. FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATON 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 THEIR 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 COMPLETE 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 NON-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 EMPLOYEE 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -2,487,091. DONATED SERVICES AND USE OF FACILITIES: 153,563. PRIOR PERIOD ADJUSTMENTS: -652,155. TOTAL TO FORM 990, PART XI, LINE 5: -2,985,683. AUDIT REPORT REVIEW PROCESS PART XII LINE 2C THE AUDIT REPORT IS REVIEWED ANNUALLY AT THE AUDIT REPORT REVIEW MEETING AS PRESENTED BY THE INDEPENDENT AUDITOR. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. NUMBER OF VOLUNTEERS PAGE 1 LINE 6 THE NUMBER OF VOLUNTEERS (130), DOES NOT INCLUDE THE UNCOMPENSATED MEMBERS OF THE BOARD OF TRUSTEES. ENDOWMENT FUNDS SCHEDULE D PART V THE RECONCILIATION OF ENDOWMENT FUNDS FROM PRIOR PERIOD TO CURRENT PERIOD: NOTE: PRIOR PERIOD ACCOUNTING FOR ENDOWMENTS INCLUDED ONLY PERMANENTLY RESTRICTED ENDOWMENTS. BEGINNING IN TAX YEAR 2011 (CURRENT PERIOD), THE ORGANIZATION IS REPORTING BOTH TEMPORARILY RESTRICTED AND PERMANENTLY RESTRICTED ENDOWMENTS. TEMPORARILY PERMANENTLY RESTRICTED RESTRICTED BEGINNING OF PERIOD: NOT REPORTED $8,920,300 CORRECTIONS: BEGINNING OF PERIOD: $10,518,914 LINE 1C NET GAIN/LOSS: CORRECTED BEGINNING OF PD.: 10,518,914 INVESTMENT INCOME: 201,707 MARKET GAINS/LOSSES: (407,870) CHANGE IN VALUE: (617,281) RECLASSIFICATION: (540,978) CORRECTION TO PERMANENT END. 290,355 LINE 1C NET GAINS/LOSSES 9,444,847 (INCLUDING $290,355) CONTRIBUTIONS: 263,617 ADMINISTRATIVE EXPENSES 1,296,400 ENDING ENDOWMENTS: $8,121,709 + $9,210,655 = $17,332,364 5205 BUILDING LLC 5205 GREENWOOD AVE WEST PALM BEACH FL 33405 COMMERCIAL RENTAL PROPERTY FL 408555 8173718