Trustbridge Foundation INC FY2023 filing

Tax-deductible

Lakewood Ranch, FL501(c)(3)Since 2005Human ServicesEIN 20-3974070Revenue $10.5M in FY2023

On file with the IRStrustbridge.com/foundation6310 Capital Drive, 34202-5013 · Lakewood Ranch, FLTax-exempt since Mar 2007Publicly supported charity — 170(b)(1)(A)(vi)

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The mission is to raise and manage charitable donations to support nonprofit end of life care provider Trustbridge, INC and its subsidiaries, including hospice of palm beach county and hospice by the sea. These hospice entities provided compassionate care patients and their families including 100% coverage for patients without insurance who qualified for charity care.

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
$809K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $5.7M a year · 40% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$809K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 8.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
11
named funders · $1.1M
Looks good: 11 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.2M
0.8% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$10.5M
+171% vs prior year
Spent
$6.8M
To programs
76%
Net assets
$157.5M
By yearFY2020–FY2024
Revenue
$10.5M
FY2023▲ +171%
Tap a bar for its year
Revenue by fiscal year
FY2020$6.4M
FY2021$27.7M
FY2022$3.9M
FY2023$10.5M
FY2024$22.9M
Expenses
$6.8M
FY2023▼ -27%
Tap a bar for its year
Expenses by fiscal year
FY2020$10.0M
FY2021$7.0M
FY2022$9.4M
FY2023$6.8M
FY2024$9.8M
Net assets
$157.5M
FY2023▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2020$147.8M
FY2021$164.3M
FY2022$140.8M
FY2023$157.5M
FY2024$203.8M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $5.2M Management & general 17% · $1.2M Fundraising 7% · $458K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

21 people listed on the 990; $809K paid to officers and key staff.

Part VII, Section A · reportable compensation
President Trustbridge Foundation
$249,414Pt VII · Sec A
Foundation Vice President
$185,317Pt VII · Sec A
VP Strategy Foundation
$165,700Pt VII · Sec A
SR. Director of Resale Operations
$104,605Pt VII · Sec A
Director of Philanthropy
$104,195Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Deborah Johnson’s $354K as President Trustbridge Foundation is at the 99th percentile of top reported officer pay among 3868 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Gregory E Leach$78,867$165,700$375,682$387,543$382,935
Deborah Johnson$353,868$249,414$94,205——
Valerie a Vitale—$185,317$165,771$162,912$162,429
Leticia L Carlo——$114,163$131,384$133,253
Cathy L Olsen—$104,605$126,286$127,806$123,042
Jennifer C Thomason————$113,733
Allyson Harman—$104,195———
Lauryn L Barry————$103,058

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Raises and manages donations to fund end-of-life care providers.

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3 programs · $4.2M · in their own filed words · FY2023
01

Charitable Care

As local, not for profit hospice we are committed to providing care for everyone in our community, including those without insurance or the ability to pay. In 2023, donations helped provide 6,301 days of care to uninsured patients.

$1.9Mprogram expense
02

Trustbridge foundation, inc. Provides fundraising, investment management, and other support services, to trustbridge, inc., a related tax-exempt organization, and its subsidiaries, including hospice of palm beach county, inc., hospice of broward county, inc. And hospice by the sea, inc.

$1.3Mprogram expense
03

Extraordinary Comfort Measures

Trustbridge is one of only 3% of hospices nationwide that admit patients into hospice care who need to continue treatments for their comfort (chemotherapy, radiation, intravenous medications and blood transfusions). Your donations fund the comfort measures so these families can benefit from the world of support that hospice offers.

$1.0Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 11 funders →
Grants paid · 21 grants · $28.9M · 2020–2024
Hospice of Palm Beach County INCFL · FY2024$4,436,519
Hospice by the Sea INCFL · FY2024$1,284,898
Unitemized GrantFY2024$168,689
Trustbridge INCFL · FY2024$165,905
Hospice of Palm Beach County INCFL · FY2023$2,571,744
Hospice by the Sea INCFL · FY2023$1,168,509
Trustbridge INCFL · FY2023$354,191
Unitemized GrantFY2023$15,209
Hospice of Palm Beach County INCFL · FY2022$4,206,188
Hospice by the Sea INCFL · FY2022$2,096,473
Trustbridge INCFL · FY2022$403,709
Unitemized GrantFY2022$17,611
Hospice of Palm Beach County INCFL · FY2021$2,905,602
Hospice by the Sea INCFL · FY2021$1,195,469
Trustbridge INCFL · FY2021$385,741
Unitemized GrantFY2021$15,587
Hospice by the Sea INCFL · FY2020$4,404,716
See all 21 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$10.5M
Ln 12
Gifts and grantsLn 1h$5.9M
Investment incomeLn 3$4.1M
Other incomeLn 4–11$556K
Money outPt IX
$6.8M
Ln 25
Programscol B$5.2M
Managementcol C$1.2M
Fundraisingcol D$458K
Owns and owesPt X
$157.5M
net assets · Ln 32
Cash and savingsLn 1–2$4.7M
Total assetsLn 16$158.7M
LiabilitiesLn 26$1.2M
PeoplePt VI, VII
21
listed · VII A
PaidVII A5
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.9M
Noncash giftsLn 1g$159K
Fundraising eventsLn 1c$440K
Investment incomeLn 3$4.1M
Other incomeLn 4–11$556K
Gains on assetsLn 7−$106K
Total revenueLn 12$10.5M
Assets in detailPt X, end of year
CashLn 1$2.6M
SavingsLn 2$2.1M
Cash and savings togetherLn 1–2$4.7M
InvestmentsLn 11–13$139.9M
Land, buildings, equipmentLn 10c$80K
Other assetsLn 15$14.0M
Total assetsLn 16$158.7M
LiabilitiesLn 26$1.2M
Net assetsLn 32$157.5M
OperationsPt I, VI
EmployeesI 515
VolunteersI 6105
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$5.2M$4.7M
InvestmentsLn 11–13$123.3M$139.9M
Land, buildings, equipmentLn 10c$38K$80K
Total assetsLn 16$142.8M$158.7M
LiabilitiesLn 26$2.0M$1.2M
Net assetsLn 32$140.8M$157.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$4.1M$4.1M
Grants to domestic individualsLn 2$15K$15K
Pay of current officers, directors and key staffLn 5$655K$458K$196K
Other salaries and wagesLn 7$324K$226K$97K
Pension plan contributionsLn 8$20K$14K$6K
Other employee benefitsLn 9$94K$66K$28K
Payroll taxesLn 10$63K$44K$19K
Legal feesLn 11b$36K$36K
Accounting feesLn 11c$30K$30K
Investment management feesLn 11f$865K$865K
Other fees for servicesLn 11g$221K$4K$215K$2K
Advertising and promotionLn 12$114K$80K$34K
Office expensesLn 13$97K$68K$29K
Information technologyLn 14$51K$36K$15K
OccupancyLn 16$31K$22K$9K
TravelLn 17$57K$40K$17K
Conferences, conventions and meetingsLn 19$4K$3K$1K
Depreciation, depletion and amortizationLn 22$11K$11K
Other expenses (24a–d)Ln 24$12K$8K$3K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$6.8M$5.2M$1.2M$458K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $22.9M$9.8M$13.2M$203.8M 990 PDF
FY2023 Viewing $10.5M$6.8M$3.7M$157.5M 990 PDF
FY2022 $3.9M$9.4M−$5.5M$140.8M 990 PDF
FY2021 $27.7M$7.0M$20.8M$164.3M 990 PDF
FY2020 $6.4M$10.0M−$3.6M$147.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $10,534,805 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,692,245$5,896,674
I-9 Program service revenue$0
I-10 Investment incomePrior year −$1,131,081$4,082,426
I-11 Other revenuePrior year $320,939$555,705
I-12 Total revenuePrior year $3,882,103$10,534,805
I-13 Grants and similar amounts paidPrior year $6,723,981$4,109,653
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,184,604$1,155,649
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,444,860$1,528,989
I-18 Total expensesPrior year $9,353,445$6,794,291
I-19 Revenue less expensesPrior year −$5,471,342$3,740,514
Part VI · Governance 14 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $10,534,805 across 9 lines filed
Lines not itemized here account for $544,417 of total revenue; see the IRS return.
VIII-1a Federated campaigns$33,817
VIII-1c Fundraising events$440,156
VIII-1f All other contributions, gifts and grants$5,422,701
VIII-1g Noncash contributions (included above)$158,826
VIII-1h Total contributions, gifts and grants$5,896,674
VIII-3 Investment incomeExcluded from tax $4,188,897$4,188,897
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$106,471−$106,471
VIII-8 Net income from fundraising eventsExcluded from tax $11,288$11,288
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $4,638,131$10,534,805
Part IX · Statement of functional expenses $6,794,291 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $4,094,444$4,094,444
IX-2 Grants to domestic individualsPrograms $15,209$15,209
IX-5 Pay of current officers, directors and key staffPrograms $458,361 · Fundraising $196,441$654,802
IX-7 Other salaries and wagesPrograms $226,493 · Fundraising $97,067$323,560
IX-8 Pension plan contributionsPrograms $14,216 · Fundraising $6,092$20,308
IX-9 Other employee benefitsPrograms $65,868 · Fundraising $28,229$94,097
IX-10 Payroll taxesPrograms $44,017 · Fundraising $18,865$62,882
IX-11b Legal feesManagement $36,115$36,115
IX-11c Accounting feesManagement $29,604$29,604
IX-11f Investment management feesManagement $865,441$865,441
IX-11g Other fees for servicesPrograms $4,248 · Management $214,841 · Fundraising $1,820$220,909
IX-12 Advertising and promotionPrograms $79,824 · Fundraising $34,210$114,034
IX-13 Office expensesPrograms $68,099 · Fundraising $29,185$97,284
IX-14 Information technologyPrograms $35,529 · Fundraising $15,227$50,756
IX-16 OccupancyPrograms $21,840 · Fundraising $9,360$31,200
IX-17 TravelPrograms $39,660 · Fundraising $16,997$56,657
IX-19 Conferences, conventions and meetingsPrograms $3,150 · Fundraising $1,350$4,500
IX-22 Depreciation, depletion and amortizationManagement $10,940$10,940
IX-24 Other expenses (24a–d)Programs $8,084 · Fundraising $3,465$11,549
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $5,179,042 · Management $1,156,941 · Fundraising $458,308$6,794,291
Part X · Balance sheet $158,688,795 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $2,885,310$2,585,422
X-2 Savings and temporary cash investmentsStart of year $2,321,842$2,101,631
X-3 Pledges and grants receivableStart of year $496,523$33,200
X-9 Prepaid expenses and deferred chargesStart of year $61,943$11,034
X-10c Land, buildings and equipment, netStart of year $37,949$80,279
X-11 Publicly traded securitiesStart of year $99,062,730$117,474,860
X-12 Other securitiesStart of year $24,260,269$22,435,390
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $13,687,971$13,966,979
X-16 Total assetsStart of year $142,814,537$158,688,795
X-17 Accounts payable and accrued expensesStart of year $340,693$300,421
X-19 Deferred revenueStart of year $43,587$31,100
X-25 Other liabilitiesStart of year $1,606,918$880,703
X-26 Total liabilitiesStart of year $1,991,198$1,212,224
X-27 Net assets without donor restrictionsStart of year $136,998,056$153,641,257
X-28 Net assets with donor restrictionsStart of year $3,825,283$3,835,314
X-32 Total net assets or fund balancesStart of year $140,823,339$157,476,571
X-33 Total liabilities and net assetsStart of year $142,814,537$158,688,795
Part XI · Reconciliation of net assets $157,476,571 net assets at year end
XI-1 Total revenue$10,534,805
XI-2 Total expenses$6,794,291
XI-3 Revenue less expenses$3,740,514
XI-4 Net assets at start of year$140,823,339
XI-5 Net unrealized gains (losses) on investments$12,867,865
XI-9 Other changes in net assets$44,853
XI-10 Net assets at end of year$157,476,571

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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