2025-08-12T09:03:55-05:00 2024-09-30 464547996 E J CALLAHAN & ASSOCIATES LLC ONE PLEASURE ISLAND ROAD SUITE 2A WAKEFIELD MA 01880 990 2023-10-01 042770980 EMERSON HEALTH CARE FOUNDATION INC EMER 9782878709 OLD ROAD TO NINE ACRE CORNER CONCORD MA 01742 SCOTT KOSOWICZ INTERIM CHIEF FINANCIAL OFFICER 9782878709 2025-08-07 1 1 EDWARD J CALLAHAN CPA P00314334 6179747697 2025-08-06 2023 2025-03-06 01:10:19Z SCOTT KOSOWICZ OLD ROAD TO NINE ACRE CORNER CONCORD MA 01742 6287257 0 X EMERSONHOSPITAL.ORG X 1992 MA COORDINATE AND DEVELOP THE FUNDRAISING EFFORT FOR EMERSON HOSPITAL 26 24 0 0 0 0 4600428 6121371 0 0 13722 77610 0 0 4614150 6198981 0 0 0 0 854776 822257 0 0 1100000 343171 277743 1197947 1100000 3416203 5098981 12205475 19107791 -309960 273859 12515435 18833932 X EMERSON HEALTH CARE FOUNDATION INC PROVIDES PHILANTHROPIC RESOURCES TO ASSIST EMERSON HEALTH SYSTEM, INC AND EMERSON HOSPITAL IN FULFILLING THEIR MISSION OF IMPROVING THE HEALTH STATUS OF THE PEOPLE IN THE COMMUNITIES IT SERVES. THROUGH THE ON-GOING CULTIVATION OF RELATIONSHIPS, THE FOUNDATION LEADERSHIP WILL STRIVE TO CREATE THE WILLINGESS AS WELL AS THE MEANS THROUGH WHICH EMERSON HOSPITAL'S CONSTITUENTS WILL FINANCIALLY SUPPORT THE FACILITY, EQUIPMENT, OPERATIONAL, EDUCATIONAL AND PROGRAMMATIC NEEDS OF THE HOSPITAL. THE FOUNDATION WILL STRIVE CONTINUALLY TO EXPAND THE BASE OF ANNUAL PHALANTHROPIC SUPPORT AND BUILD AN ENDOWMENT TO ENSURE THE COMMUNITY'S FUTURE HEALTH CARE NEEDS. 0 0 EMERSON HEALTH CARE FOUNDATION IS AN ORGANIZATION THAT SUPPORTS FUNDRAISING EFFORTS FOR EMERSON HOSPITAL. 1 1 0 0 0 0 0 0 0 1 0 1 0 1 0 1 0 1 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 X 26 24 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X SCOTT KOSOWICZ 9782878709 OLD ROAD TO NINE ACRE CORNER CONCORD MA 01742 KENNETH ANDERSON JR TREASURER 4.00 0.00 X X 0 0 0 WILLIAM P BOGER III MD DIRECTOR 4.00 0.00 X 0 0 0 JEFFREY S CAMPBELL DIRECTOR 4.00 4.00 X 0 0 0 LIZA CAREY DIRECTOR 4.00 0.00 X 0 0 0 STEPHEN W CARR DIRECTOR 4.00 0.00 X 0 0 0 GLORIA L CLOUGH DIRECTOR 4.00 4.00 X 0 0 0 DANNY COSTA DIRECTOR 4.00 0.00 X 0 0 0 CHARLES A DENAULT CHAIR 4.00 0.00 X X 0 0 0 DEBORAH A GREENE MD DIRECTOR 4.00 0.00 X 0 0 0 DENISE HAARTZ DIRECTOR 4.00 0.00 X 0 0 0 KARL F KUSSIN CHIEF PHILANTHROPY OFFICER 50.00 0.00 X X 0 333314 50516 PHILIP S LOTANE DIRECTOR 4.00 0.00 X 0 0 0 JACK MACKEEN DIRECTOR 4.00 0.00 X 0 0 0 LYNN MARTIN DIRECTOR 4.00 0.00 X 0 0 0 KAREN MCGINN DIRECTOR 4.00 0.00 X 0 0 0 JOSHUA M NELSON VICE CHAIR 4.00 4.00 X X 0 0 0 KIMBERLY PATENAUDE DIRECTOR 4.00 0.00 X 0 0 0 SANDRA A SCHELZI SECRETARY 4.00 0.00 X X 0 0 0 CHRISTINE C SCHUSTER PRESIDENT AND CEO 4.00 56.00 X X 0 1370489 313345 ROBERT B SEGAL DIRECTOR 4.00 0.00 X 0 0 0 ANDREW J SOHN DIRECTOR 4.00 0.00 X 0 0 0 JILL STANSKY DIRECTOR 4.00 4.00 X 0 0 0 THOMAS VALLE DIRECTOR 4.00 0.00 X 0 0 0 SARA WILSON DIRECTOR 4.00 0.00 X 0 0 0 BENJAMIN MATYS DIRECTOR 4.00 0.00 X 0 0 0 MARGARET O'BRIEN BERNHARDT DIRECTOR 4.00 0.00 X 0 0 0 DAVID LAUTZ MD PHYSICIAN 0.00 60.00 X 0 1416265 39572 ARTHUR LEE MD PHYSICIAN 0.00 60.00 X 0 742314 33354 MARK MOSCHELLA MD PHYSICIAN 0.00 60.00 X 0 718621 33354 JENNIFER NAYOR MD PHYSICIAN 0.00 60.00 X 0 649121 39572 DAVID KAHAN MD PHYSICIAN 0.00 60.00 X 0 651956 5300 0 5882080 515013 0 0 1 0 0 229261 5892110 6121371 77610 77610 88276 229261 88276 0 6198981 0 0 77610 685214 685214 137043 137043 53400 53400 7572 7572 2405 2405 CONTRACTED SERVICES 131484 131484 MISCELLANEOUS 51655 51655 FOOD & FUNCTION 20433 20433 PRINTING 9512 9512 1282 1282 1100000 0 0 1100000 -1 4426902 9950976 963548 1566982 4246787 5392511 2568239 2197322 12205475 19107791 -309960 273859 -309960 273859 X 260460 936292 12254975 17897640 12515435 18833932 12205475 19107791 X 5098981 890116 329400 X 0 1 X 1 0 X X X 1 EMERSON HOSPITAL 042103565 3 1 346431 0 1 346431 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4063745 171551 1116889 146057 5206128 3640565 655 565258 142733 4063745 3108451 122946 554557 145389 3640565 2452598 262343 513718 120208 3108451 2315726 121795 127798 112721 2452598 0.04000 0.74000 0.22000 0 0 0 BENEFICIAL INTEREST IN SPLIT-INTEREST 186382 F UNRESTRICTED 414044 F TEMPORARILY RESTRICTED 4792085 F 5392511 PLEDGES RECEIVABLE, NET 2197322 2197322 X 6121371 0 6121371 0 6121371 1100000 0 1100000 0 1100000 PART V, LINE 4: THE PRINCIPAL BALANCE OF THE ENDOWMENT FUND IS PERMANENTLY RESTRICTED FROM USE. INCOME ON THE ENDOWMENT FUND THAT HAS BEEN DESIGNATED FOR A SPECIFIC PURPOSE BY THE DONOR IS USED AS SPECIFIED. OTHERWISE, THE INCOME IS USED TO ADVANCE THE ORGANIZATION'S GENERAL CHARITABLE PURPOSE. PART X, LINE 2: IN FISCAL 2024 THERE WAS NO FOOTNOTE IN THE AUDITED FINANCIAL STATEMENTS REFERENCING FIN48 BECAUSE THE ORGANIZATION DID NOT FILE UNCERTAIN TAX POSITIONS. X X X X X 0 LESTER INC 19 BUSINESS PARK DRIVE BRANFORD CT 06405 TELEMARKETING 0 3385 1708 1677 3385 1708 1677 MA RUN/WALK FOR CANCER 176565 146108 30457 9010 2180 3635 15632 GOLF TOURNAMENT 110146 62175 47971 9820 16715 19849 1587 1 30826 20978 9848 4621 2314 2913 317537 229261 88276 18830 23516 25798 20132 88276 0 0 1 0 0 0 0 1 0 0 CHRISTINE C SCHUSTER PRESIDENT AND CEO 0 973233 0 393692 0 3564 0 278975 0 34370 0 1683834 0 0 DAVID LAUTZ MD PHYSICIAN 0 781016 0 631733 0 3516 0 5300 0 34272 0 1455837 0 0 ARTHUR LEE MD PHYSICIAN 0 676603 0 64469 0 1242 0 5300 0 28054 0 775668 0 0 MARK MOSCHELLA MD PHYSICIAN 0 716299 0 0 0 2322 0 5300 0 28054 0 751975 0 0 JENNIFER NAYOR MD PHYSICIAN 0 501250 0 147331 0 540 0 5300 0 34272 0 688693 0 0 DAVID KAHAN MD PHYSICIAN 0 455000 0 196146 0 810 0 5300 0 0 0 657256 0 0 KARL F KUSSIN CHIEF PHILANTHROPY OFFICER 0 287733 0 42017 0 3564 0 31193 0 19323 0 383830 0 0 PART I, LINE 4B CHRISTINE SCHUSTER AND KARL KUSSIN ARE EMPLOYEES OF EMERSON HOSPITAL AND ARE ELIGIBLE TO PARTICIPATE IN THE FOLLOWING NONQUALIFIED RETIREMENT PLAN. EMERSON HOSPITAL OFFERS A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN TO A SELECT CLASS OF MANAGEMENT. SUPPLEMENTAL RETIREMENT INCOME IS ASSESSED BY AN INDEPENDENT ACTUARY TO DETERMINE ANNUAL CONTRIBUTION AMOUNTS BY EMERSON HOSPITAL. PLAN CONTRIBUTIONS BECOME INCOME TO THE PARTICIPANT BASED ON A CLIFF VESTING SCHEDULE, WHICH IS EVERY FIVE YEARS FROM THE DATE OF PLAN ENROLLMENT. THE FOLLOWING PERSONS PARTICIPATED IN A 457(F) SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. CHRISTINE SCHUSTER $251,175 KARL KUSSIN $3,393 PART I, LINE 6 EMERSON HOSPITAL EXECUTIVES ARE ELIGIBLE TO RECEIVE INCENTIVE COMPENSATION IN THE AMOUNT OF 5% OF BASE SALARY IF THE ORGANIZATION ACHIEVES THE BOARD APPROVED BUDGETED GAIN FROM OPERATIONS FOR THE FISCAL YEAR. FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBERS DENISE HAARTZ, GLORIA CLOUGH AND ANNA WINTER RASMUSSEN SERVE TOGETHER ON THE BOARD OF DIRECTORS OF THE LOUISA MAY ALCOTT ORCHARD HOUSE OF CONCORD. FORM 990, PART VI, SECTION A, LINE 6 EMERSON HEALTH SYSTEM, INC ACTING THROUGH ITS BOARD OF DIRECTORS, IS THE MEMBER FOR EMERSON HEALTH CARE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7A THE NUMBER AND COMPOSITION OF THE BOARD OF DIRECTORS IS FIXED ANNUALLY BY THE MEMBER, EMERSON HEALTH SYSTEM. FORM 990, PART VI, SECTION A, LINE 7B THE NUMBER AND COMPOSITION OF THE BOARD OF DIRECTORS IS FIXED ANNUALLY BY THE MEMBER, EMERSON HEALTH SYSTEM. FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETED FORM 990 WAS PRESENTED TO THE BOARD OF DIRECTORS DURING A REGULARLY SCHEDULED MEETING AND WAS OPEN FOR REVIEW, DISCUSSION, QUESTIONS AND COMMENTS PRIOR TO FILING. FORM 990, PART IX, LINES 5, 7 AND 9 ALL PERSONNEL ARE EMPLOYEES OF EMERSON HOSPITAL, INC AND W-2S ARE ISSUED BY EMERSON HOSPITAL. THE EXPENSE FOR EMPLOYEES DOING THE WORK OF EMERSON HEALTH CARE FOUNDATION IS ALLOCATED TO EMERSON HEALTH CARE FOUNDATION VIA INTERCOMPANY ACCOUNTS. THE AMOUNTS ON LINES 5, 7, AND 9 REPRESENT THE EXPENSE ALLOCATED BY EMERSON HOSPITAL. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIERCTORS REQUIRES THAT ALL BOARD MEMBERS AND SENIOR MANAGERS COMPLETE AND SIGN THE CONFLICT OF INTEREST QUESTIONNAIRE ANNUALLY. THE EXECUTIVE DIRECTOR REVIEWS THESE QUESTIONNAIRES AND SUMMARIZES ANY ISSUES THAT COULD CREATE A CONFLICT OF INTEREST. THIS SUMMARY IS REVIEWED BY THE GOVERNANCE COMMITTEE OF THE BOARD OF DIRECTORS AND IS PRESENTED TO THE ENTIRE BOARD ANNUALLY SO THAT ALL BOARD MEMBERS ARE AWARE OF POTENTIAL CONFLICTS OF INTEREST AND HAVE INFORMATION THEY CAN RELY ON IF THEY FEEL AN INDIVIDUAL MAY HAVE DIVIDED LOYALTIES ON A DECISION COMING BEFORE THE BOARD OF DIRECTORS. THE BOARD CHAIR IS RESPONSIBLE FOR EVALUATING ANY CONFLICT OF INTEREST AND DETERMINING THE TREATMENT OF THE SITUATION ACCORDING TO BOARD POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE CEO AND CHIEF PHILANTHROPY OFFICER OF EMERSON HEALTH CARE FOUNDATION ARE EMPLOYED BY EMERSON HOSPITAL. EMERSON HOSPITAL'S BOARD OF DIRECTORS HOLDS THE SOLE RESPONSIBILITY FOR ESTABLISHING THE COMPENSATION OF THE CEO. THE COMPENSATION COMMITTEE, A SUBCOMMITTEE OF THE BOARD OF DIRECTORS COMPRISED OF AT LEAST THREE INDEPENDENT BOARD MEMBERS, IS RESPONSIBLE FOR THE REVIEW AND RECOMMENDATION OF THE CEO'S COMPENSATION. THIS ANALYSIS INCLUDES AN ANNUAL INDEPENDENT REVIEW OF COMPARABLE INSTITUTIONS. THE SR VP & CHIEF OPERATING OFFICER, ACTING AS STAFF SUPPORT FOR THE COMMITTEE, MAINTAINS WRITTEN RECORDS ON COMPENSATION AND THE COMMITTEE'S ACTIONS. MEETING MINUTES DOCUMENT THE COMMITTEE'S DECISION-MAKING PROCESS, THE TYPES OF COMPARABLE DATA THAT WAS USED TO DETERMINE THE FAIR MARKET VALUE FOR AN EXECUTIVE'S SERVICES AND THE NATURE OF ANY DECISIONS MADE SO AS TO ESTABLISH A REBUTTABLE PRESUMPTION OF REASONABLENESS FOR COMPENSATION FOR A DISQUALIFIED INDIVIDUAL. THE COMPENSATION COMMITTEE ALSO REVIEWS AND APPROVES THE CEO'S RECOMMENDATION OF COMPENSATION FOR KEY EMPLOYEES INCLUDING OFFICERS AND VICE PRESIDENTS. THIS ANALYSIS INCLUDES AND INDEPENDENT REVIEW OF COMPARABLE INSTITUTIONS. THE SR VP & CHIEF OPERATING OFFICER, ACTING AS STAFF SUPPORT FOR THE COMMITTEE, MAINTAINS WRITTEN RECORDS ON COMPENSATION AND THE COMMITTEE'S ACTIONS. MEETING MINUTES DOCUMENT THE COMMITTEE'S DECISION-MAKING PROCESS, THE TYPES OF COMPARABLE DATA THAT WAS USED TO DETERMINE THE FAIR MARKET VALUE FOR AN EXECUTIVE'S SERVICES AND THE NATURE OF ANY DECISIONS MADE SO AS TO ESTABLISH A REBUTTABLE PRESUMPTION OF REASONABLENESS FOR COMPENSATION FOR A DISQUALIFIED INDIVIDUAL. FORM 990, PART VI, SECTION C, LINE 18 THE FORM 990 IS AVAILABLE ON THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. FORMS 1023 AND 990 ARE ALSO AVAILABLE UPON REQUEST TO THE FOUNDATION. FORM 990, PART VI, SECTION C, LINE 19 EMERSON HEALTH CARE FOUNDATION'S BY-LAWS ARE AVAILABLE ON THE MASSACHUSETTS SECRETARY OF STATE'S WEBSITE. CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: TRANSFER TO AFFILIATES 675,831. NET ASSETS RELEASED FOR OPERATIONS -346,431. EMERSON HEALTH SYSTEM INC 133 OLD ROAD TO NINE ACRE CORNER CONCORD MA 01742 042770977 PROVIDES ITS SUBSIDIARIES WITH A MANAGEMENT TEAM MA 501(C)3 509(A)(3) TYPE I N/A 0 EMERSON HOSPITAL INC 133 OLD ROAD TO NINE ACRE CORNER CONCORD MA 01742 042103565 ACUTE CARE COMMUNITY HOSPITAL MA 501(C)3 170(B)(1)(A)(III) EMERSON HEALTH SYSTEM INC 0 EMERSON PRACTICE ASSOCIATES 133 OLD ROAD TO NINE ACRE CORNER CONCORD MA 01742 043111240 HEALTH CARE SERVICES IN THE COMMUNITIES SERVED BY EMERSON HOSPITAL MA 501(C)3 170(B)(1)(A)(III) EMERSON HOSPITAL INC 0 EMERSON PRACTICE ASSOICATES II 133 OLD ROAD TO NINE ACRE CORNER CONCORD MA 01742 800482067 HEALTH CARE SERVICES IN THE COMMUNITIES SERVED BY EMERSON HOSPITAL MA 501(C)3 170(B)(1)(A)(III) EMERSON HOSPITAL INC 0 EMERSON OCCUPATIONAL HEALTH SERVICES INC 133 OLD ROAD TO NINE ACRE CORNER CONCORD MA 01742 042800607 HEALTH SERVICES MA EMERSON HEALTH SYSTEMS INC C 0 EMERSON PROPERTY DEVELOPMENT CORP 133 OLD ROAD TO NINE ACRE CORNER CONCORD MA 01742 042793599 PROPERTY MANAGEMENT MA EMERSON HEALTH SYSTEMS INC C 39753 118868 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0 0 EMERSON HOSPITAL L 675831 REPORTED AT FAIR VALUE EMERSON HOSPITAL O 822257 REPORTED AT FAIR VALUE EMERSON HOSPITAL P 277743 REPORTED AT FAIR VALUE