Calverthealth Foundation INC

Tax-deductible

Prnc Frederck, MD501(c)(3)Since 1989HospitalsEIN 52-1680647Revenue $2.5M in FY2025

On file with the IRScalverthealthfoundation.org100 Hospital Rd, 20678-4017 · Prnc Frederck, MDTax-exempt since Aug 1990Supporting organization — 509(a)(3)

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The CalvertHealth Foundation is focused on the development, optimization and operation of multiple charitable donation programs to maximize support for CalvertHealth Medical Center and its subsidiaries whose vision is to provide exceptional care and make a difference in every life they touch.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Run by 43 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $233K a year · 14% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
46 mo
of spending, in cash
Looks good: 45.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $13K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$101K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 14 voting members
Looks good: 13 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
$2.5M
-7% vs prior year
Spent
$1.1M
To programs
98%
Net assets
$9.1M
By yearFY2020–FY2025
Revenue
$2.5M
FY2025▼ -7%
Tap a bar for its year
Revenue by fiscal year
FY2020$879K
FY2021$1.3M
FY2022$1.5M
FY2023$1.1M
FY2024$2.7M
FY2025$2.5M
Expenses
$1.1M
FY2025▼ -21%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.2M
FY2021$1.1M
FY2022$1.6M
FY2023$1.0M
FY2024$1.4M
FY2025$1.1M
Net assets
$9.1M
FY2025▲ +21%
Tap a bar for its year
Net assets by fiscal year
FY2020$6.0M
FY2021$6.8M
FY2022$6.0M
FY2023$6.3M
FY2024$7.6M
FY2025$9.1M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1990.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $1.1M Management & general 2% · $19K Fundraising 0% · $280

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

15 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Vice Chair
$0Pt VII · Sec A
Second Vice Chair
$0Pt VII · Sec A
Chair/Secretary - Treasurer
$0Pt VII · Sec A
Nominating Chair
$0Pt VII · Sec A
Ex-Officio - CEO
$0Pt VII · Sec A
Trustee (started 1/1/25)
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Calverthealth Foundation INC executive salaries →

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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 15aNo

Programs and updates

Raises money to support exceptional healthcare and patient care.

Questions for Calverthealth Foundation INC

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Provided by the organization

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2 programs · $1.1M · in their own filed words · FY2024
01

The principle mission of the Foundation is to support CalvertHealth Medical Center, Inc. In FY 2025, the Foundation provided support in the amount of $426,470 to CalvertHealth Medical Center, Inc. This year, support was also provided to CalvertHealth Medical Group in the amount of $501,930.

$1.0Mprogram expense
02

The second principle mission of the Foundation is to administer the scholarship endowment funds for the benefit of nursing, allied health and medical doctorate students in support of CalvertHealth Medical Center, Inc. In FY 2025, the Foundation awarded $80,000 in scholarships.

$80Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$13K
Grants paid · 23 grants · $8.0M · 2019–2024
Calverthealth Medical Group LLCFY2024$501,930
Unitemized GrantFY2024$50,000
Unitemized GrantFY2024$30,000
Calverthealth Medical Center INCMD · FY2023$1,071,762
Calverthealth Medical Group LLCFY2023$160,839
Unitemized GrantFY2023$51,000
Unitemized GrantFY2023$50,000
Calvert Health System INCMD · FY2022$183,231
Unitemized GrantFY2022$102,231
Unitemized GrantFY2022$70,000
Calverthealth Medical Center INCMD · FY2021$1,124,163
Calvert Health System INCMD · FY2021$270,466
Unitemized GrantFY2021$95,625
Unitemized GrantFY2021$20,000
Unitemized GrantFY2020$46,000
See all 23 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$2.5M
Ln 12
Gifts and grantsLn 1h$2.4M
Investment incomeLn 3$232K
Money outPt IX
$1.1M
Ln 25
Programscol B$1.1M
Managementcol C$19K
Fundraisingcol D$280
Owns and owesPt X
$9.1M
net assets · Ln 32
Cash and savingsLn 1–2$4.3M
Total assetsLn 16$9.2M
LiabilitiesLn 26$101K
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.4M
Fundraising eventsLn 1c$369K
Investment incomeLn 3$232K
Total revenueLn 12$2.5M
Assets in detailPt X, end of year
CashLn 1$4.3M
Cash and savings togetherLn 1–2$4.3M
InvestmentsLn 11–13$4.6M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$9.2M
LiabilitiesLn 26$101K
Net assetsLn 32$9.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 643
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$3.2M$4.3M
InvestmentsLn 11–13$4.2M$4.6M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$7.7M$9.2M
LiabilitiesLn 26$138K$101K
Net assetsLn 32$7.6M$9.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$928K$928K
Grants to domestic individualsLn 2$80K$80K
Other fees for servicesLn 11g$61K$52K$10K$145
Office expensesLn 13$37K$31K$6K$87
Conferences, conventions and meetingsLn 19$15K$12K$2K$34
Other expenses (24a–d)Ln 24$6K$5K$931$14
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$1.1M$1.1M$19K$280

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.5M$1.1M$1.4M$9.1M 990 PDF
FY2024 $2.7M$1.4M$1.2M$7.6M 990 PDF
FY2023 $1.1M$1.0M$20K$6.3M 990 PDF
FY2022 $1.5M$1.6M−$134K$6.0M 990 PDF
FY2021 $1.3M$1.1M$193K$6.8M 990 PDF
FY2020 $879K$2.2M−$1.3M$6.0M 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 FY2025 990 (6 parts)
Part I · Summary $2,503,348 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,302,942$2,354,515
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $422,438$232,291
I-11 Other revenuePrior year −$41,152−$83,458
I-12 Total revenuePrior year $2,684,228$2,503,348
I-13 Grants and similar amounts paidPrior year $1,333,601$1,008,400
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $101,709$119,005
I-18 Total expensesPrior year $1,435,310$1,127,405
I-19 Revenue less expensesPrior year $1,248,918$1,375,943
Part VI · Governance 13 of 14 board members independent, 1 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members13
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $2,503,348 across 6 lines filed
VIII-1c Fundraising events$368,597
VIII-1f All other contributions, gifts and grants$1,985,918
VIII-1h Total contributions, gifts and grants$2,354,515
VIII-3 Investment incomeExcluded from tax $232,291$232,291
VIII-8 Net income from fundraising eventsExcluded from tax −$83,458−$83,458
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $148,833$2,503,348
Part IX · Statement of functional expenses $1,127,405 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $928,400$928,400
IX-2 Grants to domestic individualsPrograms $80,000$80,000
IX-11g Other fees for servicesPrograms $51,554 · Management $9,645 · Fundraising $145$61,344
IX-13 Office expensesPrograms $31,177 · Management $5,834 · Fundraising $87$37,098
IX-19 Conferences, conventions and meetingsPrograms $12,304 · Management $2,302 · Fundraising $34$14,640
IX-24 Other expenses (24a–d)Programs $4,978 · Management $931 · Fundraising $14$5,923
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $1,108,413 · Management $18,712 · Fundraising $280$1,127,405
Part X · Balance sheet $9,225,828 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $3,150,461$4,309,208
X-3 Pledges and grants receivableStart of year $360,899$258,915
X-9 Prepaid expenses and deferred chargesStart of year $5,242$16,404
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $4,181,653$4,641,301
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $7,698,255$9,225,828
X-17 Accounts payable and accrued expensesStart of year $62,641$63,116
X-25 Other liabilitiesStart of year $75,459$38,286
X-26 Total liabilitiesStart of year $138,100$101,402
X-27 Net assets without donor restrictionsStart of year $4,148,001$4,571,110
X-28 Net assets with donor restrictionsStart of year $3,412,154$4,553,316
X-32 Total net assets or fund balancesStart of year $7,560,155$9,124,426
X-33 Total liabilities and net assetsStart of year $7,698,255$9,225,828
Part XI · Reconciliation of net assets $9,124,426 net assets at year end
XI-1 Total revenue$2,503,348
XI-2 Total expenses$1,127,405
XI-3 Revenue less expenses$1,375,943
XI-4 Net assets at start of year$7,560,155
XI-5 Net unrealized gains (losses) on investments$188,328
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$9,124,426

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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