2024-11-14T16:03:00+00:00 2023-12-31 346565596 ERNST & YOUNG US LLP 2323 VICTORY AVENUE DALLAS TX 75219 990 2023-01-01 856016041 Presbyterian Healthcare Foundation PRES 5059236101 PO BOX 26666 Albuquerque NM 871256666 JAMES NOBLE CFO, PHS 5059236101 2024-11-14 true Patrick Shields P01508556 2149698000 2024-11-11 2023 2024-10-15 13:58:12Z RISHI SIKKA MD PO BOX 26666 Albuquerque NM 871256666 25766071 false X WWW.PHS.ORG X 1968 NM RAISE AND STEWARD FUNDS NECESSARY TO IMPROVE HEALTH AND LIVES IN COMMUNITIES SERVED BY PRESBYTERIAN HEALTHCARE SERVICES, A 501(C)(3) ORGANIZATION, PROVIDING HEALTHCARE SERVICES TO COMMUNITIES IN NEW MEXICO. 28 24 0 160 0 0 5813553 4950861 0 0 1294972 5144149 -91589 -180831 7016936 9914179 8373958 4708055 0 0 2084188 2099971 29647 0 1312303 1441898 1663152 11929691 8471178 -4912755 1443001 121113337 128867601 862171 748137 120251166 128119464 X RAISE AND STEWARD FUNDS NECESSARY TO IMPROVE HEALTH AND LIVES IN COMMUNITIES SERVED BY PRESBYTERIAN HEALTHCARE SERVICES, A 501(C)(3) ORGANIZATION, PROVIDING HEALTHCARE SERVICES TO COMMUNITIES IN NEW MEXICO. false false 1050087 1050087 0 PROGRAM SERVICE ACTIVITY #1 In keeping with its historical priorities, the Foundation directed significant funding in 2023 for nursing/staff education, patient assistance, equipment and programs. The Foundation funded 100+ scholarships for nurses and other staff to pursue bachelor's and advanced degrees. Patient assistance funds supported transportation, lodging and other critical needs, so patients can complete their treatment - without having to prioritize daily living needs over potentially lifesaving healthcare. A wide range of equipment needs - for example, a retinal camera for infants, cardiac imaging technology, and orthopedic and rehabilitation tools - were funded. An example of a program fully funded by donors was the Presbyterian Pace Academy, which has a full-time teacher who helps hospitalized children keep up with their school work. 539851 539851 0 PROGRAM SERVICE ACTIVITY #2 The Presbyterian Robert Wertheim Hospice House, the only full-service, residential hospice facility in central New Mexico, opened in late 2022, following donor support to fully fund the $3.6 million project. The Robert Wertheim Hospice House's first full year of operations in 2023 was supported, in part, by $539,851 from Foundation donors. The 10-bed facility provided end-of-life care to more than 200 patients in 2023. 504896 504896 0 PROGRAM SERVICE ACTIVITY #3 Community Health is a top fundraising priority for the Foundation. Funds totaling $504,896 were provided in 2023 for core Community Health programs addressing key social determinants of health, including: the Food Farmacy, a referral-based food pantry serving more than 280 patients at two sites; the Peer Support Specialist program, which employs certified peer support specialists with "lived experience pairs them with patients struggling with mental health, psychological trauma or substance use; and emergency funding for those in need including housing down payments, utility expenses, car repairs and emergency housing. 2901756 2613221 0 Presbyterian Healthcare Foundation exists to improve health. This focus has been unwavering since our founding in 1968 as one of the first 100 hospital foundations in the country. Throughout our 55-year history, donors have provided funding for four major areas: nursing/staff education, patient assistance (for transportation, lodging and other basic needs), program support and capital needs (facility construction/renovation and equipment). Philanthropy is increasingly supporting critical needs - patient-centered work which otherwise might not happen without donor support. Equally important, philanthropy helps to fund priority programs that aren't financially self-sustaining. Examples include Presbyterian Community health initiatives addressing food insecurity, substance use disorder and mental illness, and patient basic needs affecting health. We are proud that no portion of the gifts we receive supports fundraising or administrative expenses. This is because two endowments cover the cost of Foundation operations, allowing 100% of donor gifts to be directed to programs of interest to our donors. In 2023, the Foundation raised $7,206,319 and provided $4,740,933 in immediate funding to Presbyterian programs. Included in these amounts are cash, estate and in-kind contributions, and special-event income. As of December 2023, net assets were $128.1 million. Governance and Organization: The Foundation is governed by a 25-member Board of Directors. Members are nominated by the PHF Board Governance Committee and reflect a cross-section of business and community leaders. Nominations are approved by the PHF and PHS boards of directors. The Chair of the Foundation Board is an ex- officio member of the Presbyterian Central New Mexico Community Board of Trustees. The Foundation Board meets at least four times per year and has additional meetings as necessary. Interim decision-making is accomplished via the Executive Committee, which consists of the Board Chair, Chair Elect, Past Chair, Treasurer, Secretary and PHF President. The Foundation President also oversees the Presbyterian Volunteer Services programs for PHS Albuquerque, Rio Rancho and Santa Fe facilities, including 600+ active volunteers. These volunteers serve in a number of areas and positions throughout Presbyterian Medical Group clinics and at Presbyterian Hospital, Presbyterian Rust Medical Center, Presbyterian Kaseman Hospital and Presbyterian Santa Fe Medical Center. 1. Fundraising for Specific Programs: The Foundation solicits gifts from individuals, corporations and foundations, and coordinates fundraising campaigns and special events throughout the year to raise funds for both specific causes and general health system needs. These efforts include: * Major and Planned Gifts: The Foundation solicits transformational gifts through major and planned giving initiatives. Major gifts are defined as single or multi-year contributions of $10,000 or more and may be designated for capital and program needs. Funding can be immediately expendable or to create or supplement an endowed (permanent) fund. Planned gifts are most often given in the form of bequests (gift designation in a will or living trust), as well as retirement plan and life insurance beneficiary designations. Charitable gift annuities have also become more popular in recent years. In 2023, major and planned gifts totaled $1,679,429. Additional pledges in major and planned gifts were $2,705,389. Together, they accounted for 57 percent of total dollars raised by the Foundation. * Daffodil Days: This annual event is 41 years old. Each spring, with the help of hundreds of volunteers, fresh daffodils are prepared and sold throughout the community. Proceeds are directed to operations of the Presbyterian Robert Wertheim Hospice House, a 10-bed facility providing end-of-life (hospice) care. In 2023, Daffodil Days had net proceeds of $196,000. * Laughter is the Best Medicine: We celebrated the 25th and final year of this gala fundraiser in 2023. The event featured a silent auction, gourmet dinner and live entertainment from a comedian. Net proceeds of more than $450,000 were raised for a new education and simulation center, the Healthcare Advanced Learning Lab, or HALL, and other workforce development needs. * Cornerstone Campaign: The Community Cornerstone Campaign is Presbyterian Healthcare Foundation's annual fund drive focusing on gifts of less than $10,000 from community (non-employee) donors. Cornerstone is the backbone of the Foundation's fundraising efforts focusing on new donor acquisition and retention. The Foundation's Guardian Angel program, which seeks gifts in honor of any provider or staff member, is a key part of the Cornerstone program, recognizing that gratitude for an exceptional care experience is a primary motivator for philanthropy. * PRESGiving Campaign: PRESGiving is the annual employee campaign, seeking payroll, cash and paid time off contributions. The campaign has two primary components: 1) recruitment of new employee donors through the "Brilliance in the Basicsientation; and 2) a six-week fall campaign conducted in partnership with United Way of North Central New Mexico. PRESGiving contributions to PHF typically total around $1 million annually for programs and needs throughout Presbyterian. 2. Philanthropic Impact: The Foundation directed significant funding in 2023 for its four historical priorities: 1) nursing/staff education; 2) patient assistance; 3) equipment; and 4) programs. In keeping with its longstanding philosophy that the best gift we can provide patients is a compassionate, well-trained workforce, the Foundation funded 100+ scholarships for nurses and other staff to pursue bachelor's and advanced degrees. Additional funds supported continuing education activities necessary for staff to earn or maintain specialty certifications, or acquire new skills or knowledge to provide cutting-edge care, following best practice. Patient assistance funds supported transportation, lodging and other critical needs, so patients can complete their treatment - without having to prioritize daily living needs over potentially lifesaving healthcare. A wide range of equipment needs - for example, a retinal camera for infants, cardiac imaging technology, and orthopedic and rehabilitation tools - were funded. An example of a program fully funded by donors was the Presbyterian Pace Academy, which has a full-time teacher who helps hospitalized children keep up with their school work. Fundraising is ongoing for both the Pace Academy and the Presbyterian Robert Wertheim Hospice House, which opened in late 2022 as the only full-service, residential hospice facility in central New Mexico, following donor support to fully fund the $3.6 million project. The Robert Wertheim Hospice House's first full year of operations in 2023 was supported, in part, by $539,851 from Foundation donors. The 10-bed facility provided end-of-life care to more than 200 patients in 2023. Community Health is a top fundraising priority for the Foundation. Funds totaling $504,896 were provided in 2023 for core Community Health programs addressing social determinants of health, including: the Food Farmacy, a referral-based food pantry serving more than 280 patients at two sites; the Peer Support Specialist program, which employs certified peer support specialists with "lived experience pairs them with patients struggling with mental health, psychological trauma or substance use; and emergency funding for those in need including housing down payments, utility expenses, car repairs and emergency housing. 2901756 2613221 4996590 true true false false false false false false true true false false false true true true true false false false false false false true true false true false true false false false false false false false false true true false false false true true false false false true X 1 1 true 0 false false false false false true true false false false false false false X 28 24 false false false false false true true true true false false false true true true true true false false false NM X KEVIN NOWELL CPA 5059236101 9521 SAN MATEO BLVD NE ALBUQUERQUE NM 871132237 HELEN GREVEY DIRECTOR, SECRETARY 1.0 0.0 X X 0 0 0 JOHN ROCHESTER DIRECTOR, TREASURER 1.0 0.0 X X 0 0 0 RICHARD SCOTT PRESIDENT 40.0 0.0 X X 0 456897 51850 V SUE CLEVELAND ED D DIRECTOR, CHAIR 2.0 0.0 X X 0 0 0 AMIT GARG MD DIRECTOR 1.0 40.0 X 0 2354874 32941 DALE C MAXWELL EX-OFFICIO DIRECTOR 1.0 42.0 X 0 4120680 398878 DAVID HOWARD EX-OFFICIO DIRECTOR 1.0 0.0 X 0 0 0 J CARLOS GARCIA DIRECTOR 1.0 0.0 X 0 0 0 JAMES ZANIOS DIRECTOR (THRU 6/2023) 1.0 0.0 X 0 0 0 JERON T CAMPBELL ED LD DIRECTOR 1.0 0.0 X 0 0 0 KYLE ARMSTRONG DIRECTOR 1.0 0.0 X 0 0 0 LAUREN M CATES EX-OFFICIO DIRECTOR (EFFECTIVE 12/8/2023) 1.0 40.0 X 0 852419 75986 LINDA WEIL DIRECTOR 1.0 0.0 X 0 0 0 MARK FIDEL DIRECTOR 1.0 0.0 X 0 0 0 MICHAEL M SILVA JR DIRECTOR 1.0 0.0 X 0 0 0 MOLLY BACHECHI DIRECTOR 1.0 0.0 X 0 0 0 NORMAN BECKER EX-OFFICIO DIRECTOR 1.0 3.0 X 0 10000 0 RICHARD REIF DIRECTOR 1.0 0.0 X 0 0 0 ROYALE DA DIRECTOR 1.0 0.0 X 0 0 0 RUTH HUNING-GONZALES DIRECTOR 1.0 0.0 X 0 0 0 SCOTTIE PIERCE PHD DIRECTOR, CHAIR ELECT 1.0 0.0 X 0 0 0 SHELLY STEPENASKIE MD DIRECTOR 1.0 0.0 X 0 0 0 STEPHANIE GEHRES MD DIRECTOR 1.0 0.0 X 0 0 0 STEVEN M NAKAMURA DIRECTOR 1.0 0.0 X 0 0 0 TERESA HARTNETT DIRECTOR 1.0 0.0 X 0 0 0 TODD SICKLES DIRECTOR 1.0 0.0 X 0 0 0 TREVOR HATCHELL DIRECTOR 1.0 0.0 X 0 0 0 W ROBERT LASATER DIRECTOR, PAST CHAIR 1.0 0.0 X 0 0 0 0 7794870 559655 0 false true false Fionta Incorporated PO Box 66794 Washington DC 20035 Software migration 136473 Drury Hotels 828 Paseo de Peralta Santa Fe NM 87501 Conference Space 116531 Albuquerque Convention Center 401 2nd St NW Albuquerque NM 87102 Conference Space / Catering 116473 3 0 0 830008 256730 0 3864123 32878 4950861 0 0 0 0 0 2609469 2609469 3729 0 3729 0 3729 3729 18049853 15515173 2534680 0 2534680 2534680 135229 830008 332869 -197640 -197640 16930 3850 13080 13080 0 0 0 0 0 0 0 9914179 0 0 4963318 4708055 4708055 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2099971 288535 1178402 633034 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 396 0 198 198 39226 0 19613 19613 0 0 0 0 0 0 295303 0 295303 0 0 0 0 0 0 0 0 0 63902 0 31951 31951 0 0 0 0 0 0 0 0 90300 0 45150 45150 4 0 2 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Other Purchased Service Admin Exp: 700046 0 331498 368548 Corporate Allocation 278548 0 139274 139274 DONOR RECOGNITION 43315 0 0 43315 BOARD EXPENSES 26501 0 18876 7625 125611 0 102018 23593 8471178 4996590 2162285 1312303 0 0 0 0 0 0 647844 792688 1520216 957090 0 0 0 0 0 0 0 0 0 0 0 0 83013 0 328618 83013 117872396 126168196 0 0 0 0 744263 866614 121113337 128867601 122823 8716 0 0 0 0 0 0 0 0 0 0 0 0 0 0 739348 739421 862171 748137 X 59877880 64811520 60373286 63307944 0 0 0 0 0 0 120251166 128119464 121113337 128867601 X 1443001 6082897 0 0 0 342400 X false true X true false X 6448849 7126815 7827555 5813553 4950861 32167633 0 0 0 0 0 0 0 0 0 0 0 0 6448849 7126815 7827555 5813553 4950861 32167633 4046967 28120666 2496649 2929030 3249987 2416230 2613198 13705094 87631 87631 0 0 0 0 0 0 45960358 0 0.6118 0.6289 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 95590796 1151189 -10818383 0 1379954 2900746 81642902 110267638 735911 -10820601 0 1378222 3213930 95590796 97499965 2734101 14579748 0 1692213 2853963 110267638 89981902 784137 10406994 0 1040439 2632629 97499965 80188582 834403 13051962 0 1402523 2690522 89981902 0.56 0.3 0.14 false false 2263 2263 80750 80750 83013 DUE FROM PHS 545896 ANNUITY OBLIGATIONS 193525 739421 X 16630904 6082897 3346 0 923285 7009528 9621376 292803 0 292803 9914179 8762606 3346 580885 584231 8178375 292803 0 292803 8471178 Schedule D, Part V, Line 4 Intended uses of endowment funds THE FOUNDATION'S ENDOWMENT FUNDS CONSIST OF APPROXIMATELY 72 INDIVIDUAL DONOR-RESTRICTED FUNDS, ESTABLISHED FOR A VARIETY OF PURPOSES AND DESIGNATED BY THE BOARD OF DIRECTORS TO FUNCTION AS ENDOWMENTS. THE FOUNDATION HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR UP TO 6 PERCENT OF ITS ENDOWMENT FUND'S AVERAGE FAIR VALUE OVER THE PRIOR THREE YEARS THROUGH THE CALENDAR YEAR-END PRECEDING THE FISCAL YEAR IN WHICH THE DISTRIBUTION IS PLANNED. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE FOUNDATION FOLLOWS ASC 740, INCOME TAXES, WHICH PRESCRIBES CRITERIA FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. ASC 740 ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALITIES, ACCOUNTING IN INTERM PERIODS, DISCLOSURE, AND TRANSITION. AS OF DECEMBER 31, 2023 AND 2022, THE FOUNDATION DETERMINED THAT NO PROVISIONS IS REQUIRED FOR UNCERTAIN TAX POSITIONS. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 FUNDRAISING, RENTAL AND OTHER RECLASSES BETWEEN REVENUE AND EXPENSES - 923285 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 FUNDRAISING, RENTAL AND OTHER RECLASSES BETWEEN REVENUE AND EXPENSES - 580885 Laughter 712322 655390 56932 58209 129314 18236 80918 Daffodil Days 252915 174618 78297 46192 0 965237 830008 135229 58209 129314 18236 127110 332869 -197640 16930 3850 false 16930 3850 NM false ONE TIME PER YEAR GAMING ACTIVITY. false true false 0.0 1.0 Carrie Brewster Moritomo PO BOX 26666 ALBUQUERQUE NM 871256666 false Carrie Brewster Moritomo 0 Overseeing the Laughter fundraising event, including the raffle. X false 0 true Presbyterian Healthcare Services PO Box 26666 Albuquerque NM 87125 850105601 501(c)(3) 1050087 OTHER HEALTHCARE SUPPORT Presbyterian Healthcare Services PO Box 26666 Albuquerque NM 87125 850105601 501(c)(3) 539851 Hospice House Operations Presbyterian Healthcare Services PO Box 26666 Albuquerque NM 87125 850105601 501(c)(3) 504896 Community Health Presbyterian Healthcare Services PO Box 26666 Albuquerque NM 87125 850105601 501(c)(3) 376441 Neueroscience Equipment Presbyterian Healthcare Services PO Box 26666 Albuquerque NM 87125 850105601 501(c)(3) 375000 Pres Trythall Natatorium Presbyterian Healthcare Services PO Box 26666 Albuquerque NM 87125 850105601 501(c)(3) 252405 Physicians Engagement Presbyterian Healthcare Services PO Box 26666 Albuquerque NM 87125 850105601 501(c)(3) 150000 Sterrad Sterilizer Presbyterian Healthcare Services PO Box 26666 Albuquerque NM 87125 850105601 501(c)(3) 143763 Nursing Scholarships Presbyterian Healthcare Services PO Box 26666 Albuquerque NM 87125 850105601 501(c)(3) 134916 NCCN EPIC Templates Presbyterian Healthcare Services PO Box 26666 Albuquerque NM 87125 850105601 501(c)(3) 111047 NICU Natus Retinal Presbyterian Healthcare Services PO Box 26666 Albuquerque NM 87125 850105601 501(c)(3) 96607 Tele Health Presbyterian Healthcare Services PO Box 26666 Albuquerque NM 87125 850105601 501(c)(3) 89505 SIM Center Presbyterian Healthcare Services PO Box 26666 Albuquerque NM 87125 850105601 501(c)(3) 75402 Pediatric Chronic Care Presbyterian Healthcare Services PO Box 26666 Albuquerque NM 87125 850105601 501(c)(3) 71026 PH ROVER FOR NURSING Presbyterian Healthcare Services PO Box 26666 Albuquerque NM 87125 850105601 501(c)(3) 62797 Emergency Patience Assistance Presbyterian Healthcare Services PO Box 26666 Albuquerque NM 87125 850105601 501(c)(3) 59849 Cancer Patient Assistance Fund Presbyterian Healthcare Services PO Box 26666 Albuquerque NM 87125 850105601 501(c)(3) 49572 Care Fund Presbyterian Healthcare Services PO Box 26666 Albuquerque NM 87125 850105601 501(c)(3) 38748 Pride Presbyterian Healthcare Services PO Box 26666 Albuquerque NM 87125 850105601 501(c)(3) 36866 Hospice House Presbyterian Healthcare Services PO Box 26666 Albuquerque NM 87125 850105601 501(c)(3) 25777 APC Event Presbyterian Healthcare Services-Dan C Trigg Hospital 301 E Miel De Luna Ave Tucumcari NM 88401 850105601 501(c)(3) 15764 DCT Hospital Presbyterian Healthcare Services-Espanola Hopsital 1010 Spruce St Espanola NM 87532 850105601 501(c)(3) 103615 EH Hospital Presbyterian Healthcare Services-Santa Fe Medical Center 4981 Beckner Road Santa Fe NM 87507 850105601 501(c)(3) 30915 SFMC Presbyterian Healthcare Services-Santa Fe Medical Center 4981 Beckner Road Santa Fe NM 87507 850105601 501(c)(3) 126438 SFMC Capital Campaign Presbyterian Healthcare Services-Rio Rancho Medical Center 2400 Unser Blvd SE Rio Rancho NM 87124 850105601 501(c)(3) 45000 RMC BreastCareCapitalCampaign Presbyterian Healthcare Services-Plains Regional Medical Center 2100 N Martin Luther King Jr Blvd Clovis NM 88101 850105601 501(c)(3) 51190 PRMC Hospital Presbyterian Healthcare Services-Socorro General Hospital 1202 Highway 60 West Socorro NM 87801 850105601 501(c)(3) 123457 SGH Hospital Presbyterian Healthcare Services-Santa Fe Medical Center 4981 Beckner Road Santa Fe NM 87507 850105601 501(c)(3) 1328 Donor Valued Gift Basket Area of Greatest Need Presbyterian Healthcare Services PO Box 26666 Albuquerque NM 87125 850105601 501(c)(3) 31550 Donor Valued Art PH Downtown Transformation 1 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. ANNUALLY: PRESBYTERIAN HEALTHCARE FOUNDATION (PHF) ANNOUNCES THE TIMEFRAME DURING WHICH IT WILL RECEIVE REQUESTS FOR ALLOCATIONS FROM PRESBYTERIAN HEALTHCARE SERVICES (PHS) FOR THE COMING FISCAL YEAR. THIS ANNOUNCEMENT IS POSTED ON PHS' WEBSITE. GUIDELINES FOR SUBMISSION OF REQUESTS ARE GIVEN. THESE REQUESTS ARE THEN REVIEWED AND APPROVED BY A SENIOR LEADER GROUP FROM PRESBYTERIAN HEALTHCARE SERVICES TO ENSURE ALL DISBURSEMENTS ALIGN WITH SYSTEM PRIORITIES. RECIPIENTS ARE NOTIFIED AND FUNDING TAKES PLACE THE FOLLOWING FISCAL YEAR. FUNDING FOR PHS PROGRAMS OCCURS AS FOLLOWS: DURING THE ALLOCATION YEAR, RECIPIENTS MAY SUBMIT INVOICES FOR EXPENSES RELATED TO THE APPROVED PROGRAM TO BE CHARGED DIRECTLY TO PHF OR MAY REQUEST REIMBURSEMENT FOR EXPENSES CHARGED DIRECTLY TO THEIR DEPARTMENT. IN THE LATTER SITUATION, DOCUMENTATION IS REQUIRED TO SUBSTANTIATE THE EXPENSE INCURRED. THE FUNDS MUST BE USED ONE YEAR FROM THE DATE THAT THEY ARE AWARDED. UNUSED ALLOCATIONS DO NOT CARRY OVER TO THE NEXT YEAR (WITHOUT PRIOR APPROVAL) AND ARE FORFEITED. ALLOCATIONS FOR ONGOING PROGRAMS MUST BE APPLIED FOR EACH YEAR. false false false false false false false false false RICHARD SCOTT PRESIDENT 0 367303 0 81498 0 8096 0 19800 0 32050 0 508747 0 0 AMIT GARG MD DIRECTOR 0 781726 0 1571888 0 1260 0 16500 0 16441 0 2387815 0 0 DALE C MAXWELL EX-OFFICIO DIRECTOR 0 1991910 0 1290957 0 837813 0 377412 0 21466 0 4519558 0 379190 LAUREN M CATES EX-OFFICIO DIRECTOR (EFFECTIVE 12/8/2023) 0 620125 0 150504 0 81790 0 42107 0 33879 0 928405 0 0 Schedule J, Part I, Line 3 PRESBYTERIAN HEALTHCARE FOUNDATION (PHF) RELIES ON ITS PARENT, PRESBYTERIAN HEALTHCARE SERVICES (PHS), TO ESTABLISH THE COMPENSATION FOR THE PRESIDENT OF PHF. PHS EMPLOYS AN INDEPENDENT COMPENSATION CONSULTANT, A WRITTEN EMPLOYMENT CONTRACT, AND COMPENSATION STUDIES TO ENSURE THE COMPENSATION IS REASONABLE. FINALLY, THE PRESIDENT'S COMPENSATION IS APPROVED BY THE PHS CEO, BASED ON GUIDANCE RECEIVED FROM THE PHS BOARD'S INDEPENDENT EXECUTIVE COMPENSATION COMMITTEE. Schedule J, Part II DALE MAXWELL IS A PARTICIPANT IN A RETENTION AGREEMENT. IN 2023, $340,005 WAS DEFERRED UNDER THIS AGREEMENT FOR MR. MAXWELL BY A RELATED ORGANIZATION. This AMOUNT IS INCLUDED IN THE REPORTED DEFERRED COMPENSATION. ALSO, IN 2023, MR. MAXWELL RECEIVED A VESTED PAYMENT FROM THE RETENTION PLAN OF $379,190. THIS AMOUNT IS REPORTED IN CURRENT COMPENSATION, AS REQUIRED; AND IS ALSO INCLUDED IN COLUMN F OF SCHEDULE J. X 2 31550 Other - Valued by Donor X Gift Baskets 9 1328 Other - Valued by Donor false true false Schedule M, Part I, Line 31 GIFT ACCEPTANCE POLICY PRESBYTERIAN HEALTHCARE FOUNDATION (PHF) WILL ACCEPT DONATIONS FOR UNRESTRICTED USE OR FOR ANY SPECIAL FUND THAT HAS BEEN ESTABLISHED, E.G. BUILDING, EQUIPMENT, RESEARCH, PATIENT CARE, SPECIFIC DEPARTMENTS OR HOSPITALS, ETC. PHF MAY ACCEPT A GIFT DESIGNATED FOR A SPECIFIC PURPOSE FOR WHICH NO SPECIAL FUND HAS BEEN ESTABLISHED IF IT IS WITHIN THE SCOPE OF PRESBYTERIAN HEALTHCARE SERVICES', RELATED ORGANIZATION'S, MISSION. Schedule M, Part I Explanations of reporting method for number of contributions Art - Works of art - Number of Contributions Other - Gift Baskets Number of Contributions Form 990, Part I, Line 6 TOTAL NUMBERS OF VOLUNTEERS PRESBYTERIAN HEALTHCARE FOUNDATION CONDUCTS SEVERAL FUNDRAISING EVENTS AND NEEDS THE SERVICE OF SEVERAL HUNDRED VOLUNTEERS. VOLUNTEERS ARE AN INTEGRAL PART OF THE SUCCESS OF THESE FUNDRAISING EVENTS. FOR EXAMPLE, DURING DAFFODIL DAYS, VOLUNTEERS ASSIST IN PREPARATION OF FLOWERS FOR SALE AS WELL AS IN PROCESSING AND DELIVERY OF ORDERS. THE WORK INVOLVED IN THIS EVENT SPANS SEVERAL DAYS FROM PREPARATION OF THE FLOWERS TO FINAL SALES AND DELIVERIES. SOME VOLUNTEERS MAY WORK A FEW HOURS, WHILE OTHERS MAY WORK EACH DAY OF THE EVENT. FOR THE LAUGHTER IS THE BEST MEDICINE EVENT, VOLUNTEERS ARE PRIMARILY UTILIZED ON THE DAY OF THE EVENT. VOLUNTEERS ASSIST WITH PREPARATION OF THE EVENT SITE, ORGANIZATION OF AUCTION ITEMS, GUEST REGISTRATION, AND VARIOUS OTHER TASKS. Form 990, Part III, Line 4d Description of other program services (Expenses $ 2,901,756 including grants of $ 2,613,221)(Revenue $ 0) Presbyterian Healthcare Foundation exists to improve health. This focus has been unwavering since our founding in 1968 as one of the first 100 hospital foundations in the country. Throughout our 55-year history, donors have provided funding for four major areas: nursing/staff education, patient assistance (for transportation, lodging and other basic needs), program support and capital needs (facility construction/renovation and equipment). Philanthropy is increasingly supporting critical needs - patient-centered work which otherwise might not happen without donor support. Equally important, philanthropy helps to fund priority programs that aren't financially self-sustaining. Examples include Presbyterian Community health initiatives addressing food insecurity, substance use disorder and mental illness, and patient basic needs affecting health. We are proud that no portion of the gifts we receive supports fundraising or administrative expenses. This is because two endowments cover the cost of Foundation operations, allowing 100% of donor gifts to be directed to programs of interest to our donors. In 2023, the Foundation raised $7,206,319 and provided $4,740,933 in immediate funding to Presbyterian programs. Included in these amounts are cash, estate and in-kind contributions, and special-event income. As of December 2023, net assets were $128.1 million. Governance and Organization: The Foundation is governed by a 25-member Board of Directors. Members are nominated by the PHF Board Governance Committee and reflect a cross-section of business and community leaders. Nominations are approved by the PHF and PHS boards of directors. The Chair of the Foundation Board is an ex- officio member of the Presbyterian Central New Mexico Community Board of Trustees. The Foundation Board meets at least four times per year and has additional meetings as necessary. Interim decision-making is accomplished via the Executive Committee, which consists of the Board Chair, Chair Elect, Past Chair, Treasurer, Secretary and PHF President. The Foundation President also oversees the Presbyterian Volunteer Services programs for PHS Albuquerque, Rio Rancho and Santa Fe facilities, including 600+ active volunteers. These volunteers serve in a number of areas and positions throughout Presbyterian Medical Group clinics and at Presbyterian Hospital, Presbyterian Rust Medical Center, Presbyterian Kaseman Hospital and Presbyterian Santa Fe Medical Center. 1. Fundraising for Specific Programs: The Foundation solicits gifts from individuals, corporations and foundations, and coordinates fundraising campaigns and special events throughout the year to raise funds for both specific causes and general health system needs. These efforts include: * Major and Planned Gifts: The Foundation solicits transformational gifts through major and planned giving initiatives. Major gifts are defined as single or multi-year contributions of $10,000 or more and may be designated for capital and program needs. Funding can be immediately expendable or to create or supplement an endowed (permanent) fund. Planned gifts are most often given in the form of bequests (gift designation in a will or living trust), as well as retirement plan and life insurance beneficiary designations. Charitable gift annuities have also become more popular in recent years. In 2023, major and planned gifts totaled $1,679,429. Additional pledges in major and planned gifts were $2,705,389. Together, they accounted for 57 percent of total dollars raised by the Foundation. * Daffodil Days: This annual event is 41 years old. Each spring, with the help of hundreds of volunteers, fresh daffodils are prepared and sold throughout the community. Proceeds are directed to operations of the Presbyterian Robert Wertheim Hospice House, a 10-bed facility providing end-of-life (hospice) care. In 2023, Daffodil Days had net proceeds of $196,000. * Laughter is the Best Medicine: We celebrated the 25th and final year of this gala fundraiser in 2023. The event featured a silent auction, gourmet dinner and live entertainment from a comedian. Net proceeds of more than $450,000 were raised for a new education and simulation center, the Healthcare Advanced Learning Lab, or HALL, and other workforce development needs. * Cornerstone Campaign: The Community Cornerstone Campaign is Presbyterian Healthcare Foundation's annual fund drive focusing on gifts of less than $10,000 from community (non-employee) donors. Cornerstone is the backbone of the Foundation's fundraising efforts focusing on new donor acquisition and retention. The Foundation's Guardian Angel program, which seeks gifts in honor of any provider or staff member, is a key part of the Cornerstone program, recognizing that gratitude for an exceptional care experience is a primary motivator for philanthropy. * PRESGiving Campaign: PRESGiving is the annual employee campaign, seeking payroll, cash and paid time off contributions. The campaign has two primary components: 1) recruitment of new employee donors through the "Brilliance in the Basicsientation; and 2) a six-week fall campaign conducted in partnership with United Way of North Central New Mexico. PRESGiving contributions to PHF typically total around $1 million annually for programs and needs throughout Presbyterian. 2. Philanthropic Impact: The Foundation directed significant funding in 2023 for its four historical priorities: 1) nursing/staff education; 2) patient assistance; 3) equipment; and 4) programs. In keeping with its longstanding philosophy that the best gift we can provide patients is a compassionate, well-trained workforce, the Foundation funded 100+ scholarships for nurses and other staff to pursue bachelor's and advanced degrees. Additional funds supported continuing education activities necessary for staff to earn or maintain specialty certifications, or acquire new skills or knowledge to provide cutting-edge care, following best practice. Patient assistance funds supported transportation, lodging and other critical needs, so patients can complete their treatment - without having to prioritize daily living needs over potentially lifesaving healthcare. A wide range of equipment needs - for example, a retinal camera for infants, cardiac imaging technology, and orthopedic and rehabilitation tools - were funded. An example of a program fully funded by donors was the Presbyterian Pace Academy, which has a full-time teacher who helps hospitalized children keep up with their school work. Fundraising is ongoing for both the Pace Academy and the Presbyterian Robert Wertheim Hospice House, which opened in late 2022 as the only full-service, residential hospice facility in central New Mexico, following donor support to fully fund the $3.6 million project. The Robert Wertheim Hospice House's first full year of operations in 2023 was supported, in part, by $539,851 from Foundation donors. The 10-bed facility provided end-of-life care to more than 200 patients in 2023. Community Health is a top fundraising priority for the Foundation. Funds totaling $504,896 were provided in 2023 for core Community Health programs addressing social determinants of health, including: the Food Farmacy, a referral-based food pantry serving more than 280 patients at two sites; the Peer Support Specialist program, which employs certified peer support specialists with "lived experience pairs them with patients struggling with mental health, psychological trauma or substance use; and emergency funding for those in need including housing down payments, utility expenses, car repairs and emergency housing. Form 990, Part V, Line 2a NUMBER OF EMPLOYEES REPORTED ON FORM W-3 THIS ENTITY DOES NOT HAVE ANY DIRECT EMPLOYEES. ALL PAYROLL IS CENTRALIZED THROUGH A RELATED EXEMPT ORGANIZATION, PRESBYTERIAN HEALTHCARE SERVICES (PHS) EIN: 85-0105601. PHS ACTS AS A COMMON PAY AGENT FOR ALL OF ITS RELATED EXEMPT ORGANIZATIONS. THE EMPLOYEES ARE PAID UNDER PHS' EMPLOYER ID. PAYROLL TAXES AND BENEFIT PLANS ARE ALSO CENTRALIZED THROUGH PHS. SALARY EXPENSE REPORTED ON THIS RETURN REPRESENTS AN ALLOCATION OF SALARIES AND WAGES PAID BY PHS. FORM 941 REPORTING SALARIES AND WAGES IS FILED UNDER THE PRESBYTERIAN HEALTHCARE SERVICES EIN: 85-0105601. Form 990, Part V, Line 3a UNRELATED BUSINESS INCOME OF $1000 OR MORE FORM 990-T IS BEING FILED TO CARRY FORWARD PREVIOUSLY GENERATED NET OPERATING LOSSES TO THE CURRENT YEAR. Form 990, Part VI, Line 15a Form 990, Part VI, Line 15b PRESBYTERIAN HEALTHCARE FOUNDATION (PHF) HAS NO EMPLOYEES AND DOES NOT ESTABLISH OR PAY COMPENSATION. ALL EXECUTIVES' COMPENSATION IS REVIEWED BY AN INDEPENDENT EXTERNAL CONSULTING FIRM RETAINED BY THE EXECUTIVE COMPENSATION COMMITTEE OF THE PRESBYTERIAN HEALTHCARE SERVICES (PHS) BOARD. THE COMMITTEE'S REVIEW PROCESS AND RECOMMENDATIONS ARE PRESERVED IN THEIR MINUTES. THE EXECUTIVE COMPENSATION COMMITTEE CONSISTS OF INDEPENDENT BOARD MEMBERS OF THE PHS GOVERNING BOARD. PHS MANAGEMENT USES THE DATA FROM THE EXTERNAL CONSULTING FIRM AND RECOMMENDATIONS FROM THE INDEPENDENT COMPENSATION COMMITTEE TO ESTABLISH APPROPRIATE COMPENSATION FOR ALL EXECUTIVES. ALL OF THE DATA LEADING TO THESE COMPENSATION DECISIONS IS MAINTAINED BY THE PHS HUMAN RESOURCES DIRECTOR. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body PRESBYTERIAN HEALTHCARE FOUNDATION HAS NO MEMBERS OR SHAREHOLDERS. PHS APPOINTS PHF BOARD MEMBERS, AND PHS HAS TO APPROVE ANY CHANGES TO PHF BYLAWS OR ARTICLES. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders PRESBYTERIAN HEALTHCARE FOUNDATION HAS NO MEMBERS OR SHAREHOLDERS. PHS APPOINTS PHF BOARD MEMBERS, AND PHS HAS TO APPROVE ANY CHANGES TO PHF BYLAWS OR ARTICLES. Form 990, Part VI, Line 11b Review of form 990 by governing body PRESBYTERIAN HEALTHCARE FOUNDATION (PHF) UTILIZES A MULTI-LEVEL REVIEW PROCESS DURING PREPARATION AND SUBMISSION OF THE ANNUAL FORM 990. THE FIRST DRAFT OF FORM 990 IS PREPARED BY A NATIONAL ACCOUNTING FIRM, BASED ON INFORMATION PROVIDED BY THE PRESBYTERIAN HEALTHCARE SERVICES (PHS) TAX DIRECTOR. THIS INFORMATION IS GATHERED FROM NUMEROUS SOURCES ACROSS THE ORGANIZATION, INCLUDING FINANCE, GOVERNANCE, LEGAL, COMMUNICATIONS, ETC. THIS FIRST DRAFT IS REVIEWED ON A LINE-BY-LINE DETAIL LEVEL BY THE TAX DIRECTOR. IN ADDITION, ALL COMPENSATION-RELATED DATA IS REVIEWED IN DETAIL BY THE SENIOR VICE PRESIDENT OVER HUMAN RESOURCES FOR PHS. ALL FEEDBACK FROM THESE REVIEWS IS ACCUMULATED BY THE PHS TAX DIRECTOR AND CONVEYED TO THE ACCOUNTING FIRM FOR INCLUSION IN A SECOND DRAFT OF THE COMPLETE FORM 990. THIS SECOND DRAFT IS REVIEWED AGAIN BY THE PHS TAX DIRECTOR, PHS GENERAL COUNSEL, THE PHS CFO, AND THE FOUNDATION'S PRESIDENT TO ENSURE THAT ALL REQUESTED CHANGES WERE INCORPORATED AND THAT NO ADDITIONAL MODIFICATIONS ARE FOUND TO BE NECESSARY. THIS FINAL DRAFT OF THE PHF FORM 990 IS THEN REVIEWED ONE MORE TIME BY THE PHS TAX DIRECTOR TO ENSURE ALL INFORMATION IS ACCURATE AND COMPLETE TO THE BEST OF THE TAX DIRECTOR'S KNOWLEDGE. THE RETURN IS THEN SIGNED BY PHS' CFO AND FILED WITH THE INTERNAL REVENUE SERVICE. ALL COMPENSATION SCHEDULES INCLUDED WITHIN THIS RETURN HAVE BEEN REVIEWED AND APPROVED BY THE EXECUTIVE COMPENSATION COMMITTEE OF THE GOVERNING BOARD OF PHS. Form 990, Part VI, Line 12c Conflict of interest policy CONFLICT OF INTEREST STATEMENTS ARE UPDATED ANNUALLY. BOARD MEMBERS AND OFFICERS ARE REQUIRED TO REMOVE THEMSELVES FROM CONFLICTS OR EXCUSE THEMSELVES FROM VOTES OR OTHER ACTIONS THAT MAY LEAVE ANY APPEARANCE OF NON-INDEPENDENCE. THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY BY THE PHS GOVERNANCE COMMITTEE AND REVISED IF APPROPRIATE. CONFLICT OF INTEREST REQUIREMENTS ARE REVIEWED WITH THE BOARD, THE OFFICERS, AND EACH COMMITTEE ANNUALLY, AND THE CODE OF CONDUCT IS REVIEWED AS PART OF THE BOARD'S COMPLIANCE TRAINING. THE BOARD AND EACH COMMITTEE IS REQUIRED TO MONITOR AND ENFORCE THE POLICY. Form 990, Part VI, Line 19 Required documents available to the public COPIES OF THE MOST CURRENT THREE YEARS' FORMS 990 ARE MAINTAINED AT PRESBYTERIAN HEALTHCARE SERVICES (PHS) MANAGEMENT LOCATIONS. THESE RETURNS ARE AVAILABLE FOR REVIEW OR PHOTOCOPY BY ANY INDIVIDUAL WHO REQUESTS SUCH. IN ADDITION, FORMS 990 ARE ALSO PUBLISHED ON WWW.GUIDESTAR.ORG AND AVAILABLE FREELY TO THE PUBLIC IN THIS MANNER. COPIES OF FINANCIAL STATEMENTS ARE AVAILABLE ON THE MUNICIPAL BOND WEBSITE (WWW.EMMA.MSRB.ORG). THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE ON THE STATE ATTORNEY GENERAL'S WEBSITE. THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS NOT AVAILABLE TO THE PUBLIC. Form 990, Part XI, Line 9 Other changes in net assets or fund balances OTHER CHANGES IN NET ASSETS - 342400; Form 990, Part XII, Line 2c Audit Selection Committee THE AUDITORS ARE SELECTED BY PRESBYTERIAN HEALTHCARE SERVICES (PHS). THE SELECTED AUDITORS MEET WITH THE PHF FINANCE AND EXECUTIVE COMMITTEES TO DISCUSS THE AUDIT PROCEDURES AND THE AUDIT REPORT. THE FINANCE COMMITTEE CHAIRMAN PRESENTS THE PRESBYTERIAN HEALTHCARE FOUNDATION (PHF) AUDIT REPORT AT THE NEXT PHF BOARD MEETING FOR APPROVAL. THE PHS COMPLIANCE AND AUDIT COMMITTEE APPROVES AND ACCEPTS THE AUDIT REPORT. PRESBYTERIAN HEALTHCARE SERVICES PO BOX 26666 ALBUQUERQUE NM 87125 850105601 HEALTHCARE NM 501(c)(3) 3 NA false PRESBYTERIAN PROPERTIES PO BOX 26666 ALBUQUERQUE NM 87125 850414352 HOLDING CO. NM 501(c)(2) PHS true BERNALILLO COUNTY HEALTHCARE COPR PO BOX 26666 ALBUQUERQUE NM 87125 237329437 AMBULANCE SVC NM 501(c)(3) 10 PHS true SOUTHWEST HEALTH FOUNDATION PO BOX 26666 ALBUQUERQUE NM 87125 850289728 PHS SUPPORT NM 501(c)(3) Type I PHS true SUMMITONE ENTERPRISES INC PO BOX 26666 ALBUQUERQUE NM 87125 922864082 ADMIN SERVICES DE 501(c)(3) 7 PHS true CHARITABLE REMAINDER UNITRUST HOSPITAL SUPPORT NM NA Trust false true true false false false false false false false false false true true true true false true false