Nonprofit · EIN 22-3206973
CVS FOUNDATION
Tax-exempt · WOONSOCKET, RI 02895
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $15,875,582 | $21,574,660 | -$5,699,078 | $194,297,030 | $17,738,374 | $176,558,656 |
| December 31, 2023 | 990-PF | $34,009,631 | $28,604,092 | $5,405,539 | $197,167,369 | $19,085,550 | $178,081,819 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Dividends
- $5,300,068
- Interest
- $5,253
- Net gain from sales of assets
- $8,881,407
- Other income
- $1,688,854
Expenses
- Grants and similar amounts paid
- $19,758,012
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $21,556,501
- Excise tax on investment income
- $208,040
Balance sheet and other
- Total assets, start of year
- $197,167,369
- Total assets, end of year
- $194,297,030
- Total liabilities, end of year
- $17,738,374
- Net assets, end of year
- $176,558,656
- Fair market value of assets
- $194,297,030
- Qualifying distributions
- $21,556,501
- Net investment income
- $15,875,582
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHERYL A BURKE ONE CVS DRIVE, WOONSOCKET, RI 02895 | PRESIDENT & DIRECTOR | 0.5 | $0 |
| THOMAS S MOFFATT ONE CVS DRIVE, WOONSOCKET, RI 02895 | VICE PRESIDENT/SECRETARY/DIRECTOR | 0.5 | $0 |
| JENNIFER MCCOLLOCH ONE CVS DRIVE, WOONSOCKET, RI 02895 | VICE PRES/ASST SECRETARY (AS OF 10/24) | 0.5 | $0 |
| ROBERT S HEALY ONE CVS DRIVE, WOONSOCKET, RI 02895 | VICE PRES/ASST TREAS (AS OF 11/24) | 0.5 | $0 |
| CAROL A DENALE ONE CVS DRIVE, WOONSOCKET, RI 02895 | VICE PRES/TREAS/DIR(THRU 07/24) | 0.5 | $0 |
| KELLEEN SAVAGE ONE CVS DRIVE, WOONSOCKET, RI 02895 | VICE PRESIDENT | 0.5 | $0 |
| WALTER D WOODS ONE CVS DRIVE, WOONSOCKET, RI 02895 | ASSISTANT SECRETARY (THRU 9/24) | 0.5 | $0 |
| JOSHUA C COLE ONE CVS DRIVE, WOONSOCKET, RI 02895 | ASSISTANT TREASURER | 0.5 | $0 |
| MELANIE K ST ANGELO ONE CVS DRIVE, WOONSOCKET, RI 02895 | ASSISTANT SECRETARY | 0.5 | $0 |
| MARIO RIVERA BECERRA ONE CVS DRIVE, WOONSOCKET, RI 02895 | DIRECTOR | 0.5 | $0 |
| JAMES D CLARK ONE CVS DRIVE, WOONSOCKET, RI 02895 | DIRECTOR | 0.5 | $0 |
| TRACY L SMITH ONE CVS DRIVE, WOONSOCKET, RI 02895 | DIRECTOR | 0.5 | $0 |
| MICHELLE GOURDINE ONE CVS DRIVE, WOONSOCKET, RI 02892 | DIRECTOR | 0.5 | $0 |
| CARRAH M CALAT ONE CVS DRIVE, WOONSOCKET, RI 02895 | DIRECTOR | 0.5 | $0 |
| BRIAN HENRY ONE CVS DRIVE, WOONSOCKET, RI 02895 | DIRECTOR | 0.5 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERNESHIA PINDER ONE CVS DRIVE, WOONSOCKET, RI 02895 | DIRECTOR (AS OF 3/8/24) | 0.5 | $0 |
| ANTHONY SALERNO ONE CVS DRIVE, WOONSOCKET, RI 02895 | DIRECTOR | 0.5 | $0 |
| MARK C SANTOS ONE CVS DRIVE, WOONSOCKET, RI 02895 | DIRECTOR (AS OF 12/7/23) | 0.5 | $0 |
| JONEIGH S KHALDUN ONE CVS DRIVE, WOONSOCKET, RI 02895 | DIRECTOR (THRU 12/8/24) | 0.5 | $0 |
| CARA A MCNULTY ONE CVS DRIVE, WOONSOCKET, RI 02895 | DIRECTOR (THRU 5/1/24) | 0.5 | $0 |
| SHARI M SLATE ONE CVS DRIVE, WOONSOCKET, RI 02895 | DIRECTOR (THRU 3/8/24) | 0.5 | $0 |
990-PF for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHERYL A BURKE ONE CVS DRIVE, WOONSOCKET, RI 02895 | PRESIDENT & DIRECTOR | 0.5 | $0 |
| CAROL A DENALE ONE CVS DRIVE, WOONSOCKET, RI 02895 | VICE PRESIDENT/TREASURER/DIRECTOR | 0.5 | $0 |
| KELLEEN SAVAGE ONE CVS DRIVE, WOONSOCKET, RI 02895 | VICE PRESIDENT (AS OF APRIL 2023) | 0.5 | $0 |
| THOMAS S MOFFATT ONE CVS DRIVE, WOONSOCKET, RI 02895 | VICE PRESIDENT/SECRETARY/DIRECTOR | 0.5 | $0 |
| TRACY L SMITH ONE CVS DRIVE, WOONSOCKET, RI 02895 | VICE PRESIDENT/ASSISTANT TREASURER | 0.5 | $0 |
| MELANIE K ST ANGELO ONE CVS DRIVE, WOONSOCKET, RI 02895 | ASSISTANT SECRETARY | 0.5 | $0 |
| JOSHUA C COLE ONE CVS DRIVE, WOONSOCKET, RI 02895 | ASSISTANT TREASURER | 0.5 | $0 |
| WALTER D WOODS ONE CVS DRIVE, WOONSOCKET, RI 02895 | ASSISTANT SECRETARY | 0.5 | $0 |
| MARIO RIVERA BECERRA ONE CVS DRIVE, WOONSOCKET, RI 02895 | DIRECTOR (AS OF APRIL 2023) | 0.5 | $0 |
| CARRAH M CALAT ONE CVS DRIVE, WOONSOCKET, RI 02895 | DIRECTOR (AS OF APRIL 2023) | 0.5 | $0 |
| JAMES D CLARK ONE CVS DRIVE, WOONSOCKET, RI 02895 | DIRECTOR | 0.5 | $0 |
| MICHELLE GOURDINE ONE CVS DRIVE, WOONSOCKET, RI 02892 | DIRECTOR (AS OF APRIL 2023) | 0.5 | $0 |
| JONEIGH S KHALDUN ONE CVS DRIVE, WOONSOCKET, RI 02895 | DIRECTOR | 0.5 | $0 |
| CARA A MCNULTY ONE CVS DRIVE, WOONSOCKET, RI 02895 | DIRECTOR (AS OF APRIL 2023) | 0.5 | $0 |
| ANTHONY SALERNO ONE CVS DRIVE, WOONSOCKET, RI 02895 | DIRECTOR | 0.5 | $0 |
| SHARI M SLATE ONE CVS DRIVE, WOONSOCKET, RI 02895 | DIRECTOR (AS OF APRIL 2023) | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 1 CVS DR, WOONSOCKET, RI 02895-6146
- Signed the 990-PF
- JOSHUA COLE, ASSISTANT TREASURER
- Phone
- (401) 765-1500
- Return prepared by
- KPMG LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 22-3206973
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1993
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $194,297,030
- Income (IRS master file)
- $15,875,582
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $15,875,582 | $21,574,660 | $194,297,030 | XML |
| 990-PF | December 2023 | $34,009,631 | $28,604,092 | $197,167,369 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-3206973).
Questions about CVS FOUNDATION
- What is the EIN of CVS FOUNDATION?
- The employer identification number (EIN) of CVS FOUNDATION is 22-3206973.
- Is CVS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to CVS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does CVS FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of CVS FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CVS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of CVS FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 21 people; 0 received compensation from the organization.
- How much revenue does CVS FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $15,875,582, expenses of $21,574,660 and total assets of $194,297,030 at year end.
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