2024-11-15T12:28:01-06:00 2023-12-31 991856619 GRANT THORNTON ADVISORS LLC 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2023-01-01 133259649 CALVARY FUND INC CALV 7185182069 1740 EASTCHESTER ROAD BRONX NY 104612392 ANDREW V GRECO CFO 7185182069 2024-11-15 1 1 SCOTT THOMPSETT P00741490 2125990100 2023 2024-10-15 13:58:12Z JEFFERY MENKES 1740 EASTCHESTER ROAD BRONX NY 104612392 15122900 0 0928 X HTTPS://FUND.CALVARYHOSPITAL.ORG/ X 1985 NY TO RAISE PUBLIC FUNDS TO SUPPORT CALVARY HOSPITAL'S TAX-EXEMPT MISSION. 17 16 10 0 0 0 6576034 5305780 0 0 547900 3315200 -390734 -411380 6733200 8209600 3030000 3356000 0 0 1665500 1567401 588689 579004 3304500 1458511 1406295 6742700 6908700 -9500 1300900 34903500 37701200 2580100 2722100 32323400 34979100 X THE CALVARY FUND'S PRIMARY EXEMPT PURPOSE IS TO RAISE PUBLIC CONTRIBUTIONS TO SUPPORT THE TAX-EXEMPT MISSION OF CALVARY HOSPITAL, INC. 0 0 3356000 3356000 0 SEE SCHEDULE O. THE CALVARY FUND, INC. ("THE FUND") WAS INCORPORATED ON JANUARY 7, 1985 AS A NOT-FOR-PROFIT CORPORATION UNDER THE LAWS OF THE STATE OF NEW YORK. THE FUND'S PURPOSE IS TO SOLICIT, ACCEPT, AND RECEIVE REAL AND PERSONAL PROPERTY AND TO COLLECT INCOME, THEREFROM, TO BE APPLIED EXCLUSIVELY FOR ANY HEALTH RELATED CHARITABLE ORGANIZATION AFFILIATED WITH THE ROMAN CATHOLIC ARCHDIOCESE OF NEW YORK. ALL EXPENSES INCURRED TO FURTHER THE FUND'S FUNDRAISING ENDEAVORS ARE ALLOCATED TO PART IX, COLUMN (D) AND THEREFORE, ONLY THE FUND'S ANNUAL CONTRIBUTION ($3,356,000 IN 2023) TO ITS SUPPORTED ORGANIZATION, CALVARY HOSPITAL, IS REPORTED AS A PROGRAM SERVICE EXPENSE. ALL EXPENSES REPORTED IN COLUMN (D) SHOULD, LIKEWISE BE CONSIDERED PROGRAM SERVICE EXPENSES. 3356000 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 0 0 0 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 1 1 1 0 0 0 0 1 0 0 0 1 12 0 1 10 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 17 16 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X ANDREW V GRECO 7185182069 1740 EASTCHESTER ROAD BRONX NY 104612069 FRANK CALAMARI EX-OFFICIO 0.50 0.00 X 0 670906 39285 CARLOS M HERNANDEZ CHAIRMAN 1.00 0.50 X X 0 0 0 EILEEN T NUGENT ESQ VICE-CHAIR 0.50 0.00 X X 0 0 0 MICHAEL J BRESCIA MD-EMERITUS DIRECTOR (NON-VOTING) (THRU 04/23) 0.50 0.00 X 0 0 0 BONNIE BRENNAN DIRECTOR 0.50 0.00 X 0 0 0 JOSEPH DEGLOMINI JR DIRECTOR 0.50 0.00 X 0 0 0 DANIEL E DONOVAN DIRECTOR 0.50 0.00 X 0 0 0 STEVEN J GOLUB EMERITUS DIRECTOR (NON-VOTING) 0.50 0.50 X 0 0 0 EMILY YODER JOHNSON DIRECTOR 0.50 0.00 X 0 0 0 DIAHN W MCGRATH DIRECTOR 0.50 0.00 X 0 0 0 DANIEL J MCSWIGGAN ESQ DIRECTOR 0.50 0.00 X 0 0 0 JAY MONAGHAN DIRECTOR 0.50 0.00 X 0 0 0 EDWARD R MORRISSEY DIRECTOR 0.50 0.00 X 0 0 0 JAMES O'HARA DIRECTOR 0.50 0.00 X 0 0 0 LOUISE PARENT EMERITUS DIRECTOR (NON-VOTING) 0.50 0.00 X 0 0 0 AL ROKER DIRECTOR 0.50 0.00 X 0 0 0 DENNIS M SCHNEIDER DIRECTOR 0.50 0.00 X 0 0 0 MICHAEL JA SMITH DIRECTOR 0.50 0.00 X 0 0 0 ROBERT E SPATT ESQ DIRECTOR 0.50 0.00 X 0 0 0 JOSEPH A TARANTINO DIRECTOR 0.50 1.00 X 0 0 0 GERRY TOBIN EMERITUS DIRECTOR (NON-VOTING) 0.50 0.00 X 0 0 0 TIMOTHY BARR EXEC. VP/TREASURER/SECRETARY 37.00 0.00 X 392259 0 92419 ANDREW V GRECO CHIEF FINANCIAL OFFICER 1.00 37.00 X 0 367153 70539 ELIZABETH KOUGASIAN DIRECTOR, MAJOR & PLANNED 37.00 0.00 X 123762 0 9466 516021 1038059 211709 3 0 1 0 THE MINES PRESS INC 231 CROTON AVENUE CORTLANDT MANOR NY 10567 DIRECT MAIL 348838 DAVID E MUNSHINE 41 LAUREL DRIVE SPRINGFIELD NJ 07801 CONSULTANT 258250 WHITTIER & ASSOCIATES INC 90 MAIN STREET NO 314 YONKERS NY 10701 FUNDRAISING 232421 EMPIRE CAGING & MAIL SVCS 111 NORTH CENTRAL AVE SUITE 315 HARTSDALE NY 10530 CONSULTING 138969 4 438400 4867380 310100 5305780 1667500 1667500 8001200 6353500 1647700 1647700 1647700 131000 438400 547800 -416800 -416800 17420 12000 5420 5420 8209600 0 0 2903820 3356000 3356000 484679 484679 730741 730741 84621 84621 192040 192040 75320 75320 23871 23871 6825 6825 102404 89782 12622 579004 579004 4000 4000 55222 10320 44902 63693 63693 3991 3991 20520 20520 DIRECT FUNDRAISING COST 821827 821827 BANK FEES 30862 30862 PAYROLL SERVICES 1513 1513 271567 20685 250882 6908700 3356000 248200 3304500 370900 4586400 1580800 974400 623900 86400 32327900 32054000 34903500 37701200 1529200 1587600 1050900 1134500 2580100 2722100 X 319400 -1775600 32004000 36754700 32323400 34979100 34903500 37701200 X 1300900 1462700 -107900 X 0 1 X 1 0 X 7947480 4941115 4674635 6576034 5305780 29445044 7947480 4941115 4674635 6576034 5305780 29445044 4110717 25334327 592300 501000 2927800 547900 1667500 6236500 155420 24785 33065 169666 148420 531356 36212900 0.69960 0.71700 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS INCOME FROM FRUNDRAISING - 2019 AMOUNT: $ 135,435. 2020 AMOUNT: $ 13,750. 2021 AMOUNT: $ 25,000. 2022 AMOUNT: $ 152,290. 2023 AMOUNT: $ 131,000. GROSS INCOME FROM GAMING ACTIVITIES - 2019 AMOUNT: $ 19,985. 2020 AMOUNT: $ 11,035. 2021 AMOUNT: $ 8,065. 2022 AMOUNT: $ 17,376. 2023 AMOUNT: $ 17,420. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 32004000 348100 4407600 5000 36754700 37172400 689200 -5827600 30000 32004000 32313700 1207700 4306000 655000 37172400 27874700 291000 5153700 1005100 600 32313700 21469000 2437000 4978600 1005000 4900 27874700 0.00000 0.02690 0.97310 0 0 0 ACCRUED PENSION LIABILITY 1134500 1134500 X 9672300 1462700 1462700 8209600 0 8209600 6800800 -107900 -107900 6908700 0 6908700 PART X, LINE 2: THE FUND FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THE POSITION IS MORE-LIKELY-THAN-NOT TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. THE FUND IS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(3), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE FUND HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT WAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE FUND HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XII, LINE 2D - OTHER ADJUSTMENTS: PENSION RELATED COST ADJUSTMENTS -107,900. X X X 1 RESOURCE AND EVENT MGT 650 FIRST AVE STE 7NW NEW YORK NY 10016 FUNDRAISING CONSULTANT 0 569400 88333 481067 WHITTER & ASSOCIATES 90 MAIN STREET NO 314 YONKERS NY 10701 FUNDRAISING CONSULTANT 0 0 232421 -232421 DAVID E MUNSHINE 41 LAUREL DRIVE SPRINGFIELD NJ 07801 FUNDRAISING CONSULTANT 0 0 258250 -258250 569400 579004 -9604 NY ANNUAL DINNER 407404 321904 85500 266584 17500 125202 GOLF OUTING 161996 116496 45500 106531 31983 569400 438400 131000 373115 17500 157185 547800 -416800 17420 12000 0 17420 12000 12000 5420 NY 1 0 1 0 1.00000 0 TIMOTHY BARR SUPERVISION OF GAMING ACTIVITIES X 0 FORM 990, SCHEDULE G - GAMING MANAGER EXECUTIVE VICE PRESIDENT, TIMOTHY BARR, OVERSEES CALVARY FUND'S GAMING OPERATIONS AS PART OF HIS OVERALL JOB RESPONSIBILITIES. MR. BARR'S COMPENSATION IS REPORTED IN PART VII OF THE FORM 990; THIS COMPENSATION REPRESENTS PAYMENT FOR THE TOTALITY OF THE SERVICES HE PROVIDES THE FUND AND NOT FOR SUPERVISING GAMING ACTIVITIES. FORM 990, SCHEDULE G, PART II - PROFESSIONAL FUNDRAISERS BOTH WHITTIER & ASSOCIATES AND DAVID E. MUNSHINE (THE MUNSHINE GROUP) ARE FUNDRAISING CONSULTANTS THAT ASSIST THE CALVARY FUND WITH VARIOUS DIFFERENT FUNDRAISING CAMPAIGNS THROUGHOUT THE YEAR. GIVEN THE SCOPE OF THESE CONSULTANTS' FUNDRAISING EFFORTS, THE CALVARY FUND IS UNABLE TO ASSIGN GIFTS RAISED TO ANY SPECIFIC PROJECT AND HAS NOT ASSIGNED A DOLLAR VALUE FOR PURPOSES OF DISCLOSURE IN SCHEDULE G. 1 CALVARY HOSPITAL INC 1740 EASTCHESTER ROAD BRONX NY 10461 131740274 501(C)(3) 3356000 0 SEE PART IV 1 0 PART I, LINE 2: THE CALVARY FUND'S PRIMARY EXEMPT PURPOSE IS TO SUPPORT THE HEALTHCARE MISSION OF CALVARY HOSPITAL, INC. THE FUND HAS BEEN SUPPORTING THE HOSPITAL FOR OVER 30 YEARS; THE AMOUNT REPORTED ON SCHEDULE I REPRESENTS THE FUND'S 2023 CONTRIBUTION TO THE HOSPITAL. NO FURTHER MONITORING OF THE GRANT IS REQUIRED AS BOTH ORGANIZATIONS SHARE LEADERSHIP AND BOTH ORGANIZATIONS SERVE A COORDINATED HEALTHCARE MISSION. X X X X 0 0 0 0 0 0 0 0 0 FRANK CALAMARI EX-OFFICIO 0 112926 0 0 0 557980 0 21750 0 17535 0 710191 0 0 TIMOTHY BARR EXEC. VP/TREASURER/SECRETARY 302320 0 0 0 89939 0 21750 0 70669 0 484678 0 0 0 ANDREW V GRECO CHIEF FINANCIAL OFFICER 0 305730 0 0 0 61423 0 21750 0 48789 0 437692 0 0 JOSEPH DEGLOMINI JR BOARD OF DIRECTOR 354810 LEASING 0 FORM 990, SCHEDULE L, PART IV A FAMILY MEMBER OF BOARD OF DIRECTORS MEMBER, JOSEPH DEGLOMINI, JR., HAS AN OWNERSHIP INTEREST IN AN ORGANIZATION THAT CONDUCTS BUSINESS WITH CALVARY HOSPITAL, INC., A RELATED PARTY OF THE CALVARY FUND. THE HOSPITAL PAID RENT FOR OFFICE SPACE AND PARKING (AS WELL AS UTILITIES) IN THE AMOUNT OF $354,810 IN CALENDAR YEAR 2023. X 6 310100 X TULIP BULBS 0 0 0 0 1 PART I, LINE 32B: TO THE EXTENT THAT THE CALVARY FUND RECEIVES GIFTS OF NON-CASH DONATIONS (USUALLY STOCKS), THE FUND AUTHORIZES ITS INVESTMENT BROKER TO SELL THOSE NON-CASH INSTRUMENTS TO BE CONVERTED INTO CASH TO SUPPORT THE FUND'S FUNDRAISING OBJECTIVES. FORM 990, PART VI, SECTION A, LINE 6 PURSUANT TO CALVARY FUND'S BYLAWS, ITS SOLE CORPORATE MEMBER IS CALVARY HOLDING COMPANY, INC. FORM 990, PART VI, SECTION A, LINE 7A THE CALVARY FUND BYLAWS RESERVE CERTAIN RIGHTS TO CALVARY HOLDING COMPANY AS THE SOLE MEMBER. ONE OF THOSE RIGHTS, IN ARTICLE IV, IS THE POWER TO APPOINT AND REMOVE BOARD MEMBERS (AS WELL AS THE CHAIRMAN OF THE BOARD). FORM 990, PART VI, SECTION A, LINE 7B CALVARY FUND IS A FULL PARTICIPATING MEMBER OF CATHOLIC HEALTH CARE SYSTEM, A HEALTH CARE DELIVERY SYSTEM IN NEW YORK STATE. PROVIDENCE HEALTH SERVICES IS THE SOLE MEMBER OF CATHOLIC HEALTH CARE SYSTEM. PROVIDENCE IS THE SPONSOR OF CALVARY FUND AND AS SUCH HAS BEEN RESERVED CERTAIN POWERS IN CALVARY FUND'S BYLAWS, EXERCISED IN CONJUNCTION WITH RECOMMENDATIONS MADE BY CALVARY HOLDING COMPANY (AS SOLE CORPORATE MEMBER). THESE POWERS ARE AS FOLLOWS: 1. RIGHT TO AMEND BYLAWS; 2. RIGHT TO CHANGE CALVARY FUND'S MISSION; 3. RIGHT TO APPROVE ANY MERGER, JOINT VENTURE, OR DISSOLUTION OF THE FUND. 4. APPROVAL WITH RESPECT TO CERTAIN REAL PROPERTY TRANSACTIONS EXCEEDING $400,000 5. APPROVAL OF ANY LEASES EXPECTED TO EXCEED A PERIOD OF 9 YEARS; 6. APPROVAL OF THE FUND ENTERING INTO ANY DEBT INSTRUMENTS IN AN AMOUNT GREATER THAN $400,000 7. APPROVAL ON THE DISPOSITION OF ANY SIGNIFICANT HISTORICAL ARTIFACTS. AS NOTED ABOVE, THE SOLE MEMBER, CALVARY HOLDING COMPANY, HAS BEEN RESERVED THE RIGHT IN CALVARY FUND'S BYLAWS TO MAKE RECOMMENDATIONS TO PROVIDENCE ABOUT ANY OF THE ABOVE ACTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE 2023 FORM 990 OF CALVARY FUND WAS PREPARED BY GRANT THORNTON LLP WITH THE ASSISTANCE OF CALVARY ACCOUNTING PERSONNEL. THE DRAFT OF THE FORM 990 WAS REVIEWED BY GRANT THORNTON LLP, THE DIRECTOR OF FINANCE AND THE CFO OF CALVARY HOSPITAL BEFORE DISTRIBUTION OF THE FULL VERSION OF THE FINAL DRAFT TO THE BOARD. A COPY OF THE FORM 990 DRAFT WAS PROVIDED TO EACH MEMBER OF THE CALVARY FUND BOARD OF DIRECTORS ON OCTOBER XX, 2024 PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE IN ELECTRONIC FORMAT. FORM 990, PART VI, SECTION B, LINE 12C EACH OFFICER, DIRECTOR, TRUSTEE AND KEY EMPLOYEE IS REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICTS OF INTEREST THAT ARISE BY VIRTUE OF THEIR EMPLOYMENT AND POSITION WITH THE CALVARY HOSPITAL, OR CALVARY FUND, CALVARY MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY THROUGH AN ANNUAL QUESTIONNAIRE SUBMITTED TO THESE INDIVIDUALS. POTENTIAL CONFLICTS ARE INVESTIGATED IMMEDIATELY. FORM 990, PART VI, SECTION B, LINE 15 CALVARY FUND, INC. UNDERTAKES A RIGOROUS PROCESS TO ENSURE THAT THE EXECUTIVE COMPENSATION IT PAYS TO ITS TOP MANAGEMENT OFFICIAL AND ALL OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION IS REASONABLE. IN RELEVANT PART, THE BOARD OF DIRECTORS HAS ESTABLISHED A COMPENSATION COMMITTEE COMPRISED OF INDEPENDENT PERSONS THAT HAVE NO PERSONAL INTEREST IN THE PROPOSED COMPENSATION ARRANGEMENT. THE BOARD OF DIRECTORS USES AN INDEPENDENT COMPENSATION CONSULTANT TO HELP ADVISE ON THE APPROPRIATE COMPENSATION LEVELS FOR THE AFOREMENTIONED INDIVIDUALS. THAT COMPENSATION CONSULTANT USES COMPARABILITY OR BENCHMARKING DATA (BASED ON INDUSTRY SURVEYS) THAT DOCUMENTS THE COMPENSATION OF PERSONS HOLDING SIMILAR POSITIONS IN SIMILAR ORGANIZATIONS. ONCE THE COMPENSATION CONSULTANT HAS MADE ITS RECOMMENDATIONS, THE CALVARY FUND COMPENSATION COMMITTEE MUST APPROVE THE COMPENSATION, WITHOUT INPUT OR VOTING PARTICIPATION BY THE PERSON WHOSE COMPENSATION IS BEING APPROVED OR BY ANY OTHER INDIVIDUAL WITH A CONFLICT OF INTEREST. THE FINAL DETERMINATION IS THEN DOCUMENTED IN COMMITTEE MINUTES. THOSE MINUTES WILL CONTAIN THE TERMS OF THE PROPOSED COMPENSATION, THE DECISIONS OF THOSE INDIVIDUALS WHO VOTED ON THE COMPENSATION, AND THE COMPARABILITY DATA THAT WAS RELIED UPON IMMEDIATELY. FORM 990, PART VI, SECTION C, LINE 19 CALVARY FUND, INC. MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC BY RETAINING A COPY OF EACH AT THE ADDRESS LISTED ON PAGE 1 OF THIS RETURN. ANY INDIVIDUAL REQUESTING A COPY OF THESE DOCUMENTS IS PROVIDED THAT COPY ON THE SAME BUSINESS DAY. THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AND AT MANAGEMENT'S DISCRETION. FORM 990, PART XI, LINE 9: PENSION RELATED COST ADJUSTMENTS -107,900. CALVARY HOSPITAL 1740 EASTCHESTER ROAD BRONX NY 10461 131740274 HEALTHCARE NY 501(C)(3) LINE 3 N/A 0 CALVARY HOLDING COMPANY 1740 EASTCHESTER ROAD BRONX NY 10461 061531426 HOLDING COMPANY NY 501(C)(3) LINE 12A, I N/A 0 ARCHCARE 155 EAST 56TH STREET FLOOR 2 NEW YORK NY 10022 133896624 HOME HEALTHCARE NY 501(C)(3) LINE 1 N/A 0 0 1 0 1 0 0 0 0 0 0 1 1 1 1 1 1 0 0 0