2023-08-31T08:08:02-05:00 2022-12-31 872525370 CITRIN COOPERMAN ADVISORS LLC 500 EXCHANGE STREET SUITE 9-100 PROVIDENCE RI 02903 990 2022-01-01 042794849 VNA CARE NETWORK FOUNDATION INC VNAC 5087860693 67 MILLBROOK STREET 500 NORTH WORCESTER MA 01606 STEPHEN GUT CFO 5087860693 2023-08-23 1 STEPHEN GUT 999009999 1 MICHAEL E CRISCIONE P01456801 4014214800 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X STEPHEN GUT 67 MILLBROOK STREET 500 NORTH WORCESTER MA 01606 17238492 0 X VNACARE.ORG X 1983 MA VNA CARE NETWORK FOUNDATION INC. PRIMARY EXEMPT PURPOSE IS TO RAISE AND INVEST FUNDS FOR THE BENEFIT OF ITS AFFILIATES TO FURTHER THEIR CHARITABLE ACTIVITIES OF HOME HEALTH CARE SERVICES AS WELL AS TO PROVIDE OPERATING FACILITIES AND MANAGEMENT SERVICES. 16 15 10 14 0 0 1647771 1590240 3906543 4271425 585053 2507607 3601528 3483329 9740895 11852601 0 0 0 0 2966994 3199206 0 0 226074 6871646 6589503 9838640 9788709 -97745 2063892 53895058 49894518 15196449 13366168 38698609 36528350 VNA CARE NETWORK FOUNDATION INC. PRIMARY EXEMPT PURPOSE IS TO RAISE AND INVEST FUNDS FOR THE BENEFIT OF ITS AFFILIATES TO FURTHER THEIR CHARITABLE ACTIVITIES OF HOME HEALTH CARE SERVICES AS WELL AS TO PROVIDE OPERATING FACILITIES AND MANAGEMENT SERVICES. 0 0 3353802 4271425 VNA CARE NETWORK FOUNDATION INC. PRIMARY EXEMPT PURPOSE IS TO RAISE AND INVEST FUNDS FOR THE BENEFIT OF ITS AFFILIATES TO FURTHER THEIR CHARITABLE ACTIVITIES OF HOME HEALTH CARE SERVICES AS WELL AS TO PROVIDE OPERATING FACILITIES AND MANAGEMENT SERVICES. 3353802 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 15 0 1 10 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 15 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 MA X STEPHEN GUT 5087860693 333 TURNPIKE ROAD SOUTHBOROUGH MA 01772 RITA ADVANI CHAIR 0.50 2.50 X X 0 0 0 RENEE L HARPER FIRST VICE CHAIR 0.50 2.50 X X 0 0 0 TODD ROSE PRESIDENT/CHIEF EXECUTIVE OFFICER 35.00 5.00 X X 415826 0 27678 STEPHEN GUT TREASURER/CHIEF FINANCIAL OFFICER 35.00 5.00 X X 272775 0 17485 KATHARINE BOLLAND ESHGHI CLERK 0.50 2.00 X X 0 0 0 REBECCA JACKMAN ASSISTANT CLERK 35.00 5.00 X X 104032 0 291 JAMES COSGROVE BOARD MEMBER 0.50 1.00 X 0 0 0 JANE FLAGLER FOGG MD BOARD MEMBER 0.50 1.00 X 0 0 0 LINDA HOPE-SPRINGER BOARD MEMBER 0.50 2.50 X 0 0 0 LAURA LEE MD BOARD MEMBER 0.50 2.00 X 0 0 0 MICHAEL E MORRIS BOARD MEMBER 0.50 2.00 X 0 0 0 DEBORAH MORSI BOARD MEMBER 0.50 1.50 X 0 0 0 ABHIJEET AJ NADKARNI BOARD MEMBER 0.50 1.00 X 0 0 0 REBECA C PEREZ BOARD MEMBER 0.50 1.00 X 0 0 0 JORDINA A SHANKS BOARD MEMBER 0.50 1.00 X 0 0 0 VERA TICE BOARD MEMBER 0.50 2.00 X 0 0 0 STEPHEN E TOSI MD BOARD MEMBER 0.50 2.00 X 0 0 0 JANE PIKE-BENTON CHIEF CLINICAL OFFICER/COO 38.00 2.00 X 331270 0 18076 DAVID ROSE CHIEF PEOPLE OFFICER 38.00 2.00 X 226553 0 3360 CHRISTOPHER DIGUETTE CHIEF INFORMATION OFFICER THROUGH 04/13/2022 38.00 2.00 X 129485 0 5340 ROBIN SEIDMAN VP OF ORG EXCELLENCE/ CHIEF COMPLIANCE OFFICER 38.00 2.00 X 210521 0 20872 HEIDI WILSON VP, GROWTH AND INNOVATION 38.00 2.00 X 180871 0 24171 CATHERINE FRASCO VP, HOME HEALTH OPERATIONS 40.00 X 190724 0 16258 AARON LANGLOIS VP OF HOSPICE & PALLIATIVE CARE 40.00 X 176824 0 1238 2238881 0 134769 10 0 1 0 0 447673 1142567 1590240 MANAGEMENT FEES 541610 4271425 4271425 4271425 502101 502101 3515412 0 3515412 3515412 3515412 344414 6958151 0 5297059 344414 1661092 2005506 2005506 56749 447673 88832 -32083 -32083 11852601 4271425 0 5990936 1313023 1313023 1097105 1097105 666723 666723 122355 122355 52582 52582 109367 109367 782546 490685 85912 205949 8628 8628 2795152 2378674 399707 16771 17600 17600 242813 242813 530244 451238 75825 3181 TRANSFER TO AFFILIATES 2021691 2021691 TELEPHONE 28880 24577 4130 173 9788709 3353802 6208833 226074 160968 143046 312263 17182 296475 11780 4801714 2667361 3493738 2134353 22361443 15174864 9148590 7495986 18121581 24917307 53895058 49894518 394640 377896 30000 0 4500000 4500000 10271809 8488272 15196449 13366168 X 31256939 30250346 7441670 6278004 38698609 36528350 53895058 49894518 2063892 -4234151 0 X X 0 1 X 1 0 X 2153253 1409638 1158157 1647773 1590240 7959061 2153253 1409638 1158157 1647773 1590240 7959061 7959061 3501067 4249239 3743100 3945670 4017513 19456589 460794 376660 837454 28253104 24243217 0.28170 0.32900 X 0.63930 0.34540 THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO RAISE AND INVEST FUNDS FOR THE BENEFIT OF ITS AFFILIATES TO FURTHER THEIR CHARITABLE ACTIVITIES OF HOME HEALTH CARE SERVICES AS WELL AS TO PROVIDE OPERATING FACILITIES AND MANAGEMENT SERVICES. THE ORGANIZATION HAS A GOVERNING BODY THAT REPRESENTS THE BROAD INTERESTS OF THE PUBLIC AND THE ORGANIZATION PROVIDES SERVICES FOR THE BENEFIT OF THE GENERAL PUBLIC ON A CONTINUING BASIS (THROUGH ITS MISSION AND THE MISSION OF ITS AFFILIATES). IN PRIOR YEARS, THE ORGANIZAION MET THE PUBLIC SUPPORT PERCENTAGE WHEN INCLUDING THE INCOME FROM ACTIVITIES THAT RELATED TO IT'S TAX EXEMPT PURPOSE, BUT BECAUSE OF THE LARGE INVESTMENT PORTFOLIO, DID NOT MEET THE INVESTMENT INCOME PERCENTAGE (34.54% IN 2021 AND 37.06% IN 2022). AS THE ORGANIZATION IS STILL PUBLICALLY SUPPORTED, THE 10% FACTS AND CIRCUMSTANCES TEST IS THEREFORE CONSIDERED MET. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6289925 -667933 429282 5192710 6260290 29635 414446 6289925 6260290 6260290 6260290 6260290 6260290 6260290 0.00000 1.00000 0.00000 0 0 2527056 1051704 1475352 175288 140281 35007 2099370 1475376 623994 2134353 DUE FROM AFFILIATES 18361100 ASSETS LIMITED AS TO USE 5375486 BENEFICIAL INTERESTS IN PERPETUAL TRUSTS 886405 SECURITY DEPOSITS 294316 24917307 LEASE LIABILITY 8488272 8488272 X PART V, LINE 4: THE INTEND USE OF THE ENDOWMENT IS TO SUPPORT THE OPERATIONS OF THE ORGANIZATION AND AFFILIATES, AS NEEDED. PART X, LINE 2: VNA CARE NETWORK FOUNDATION, INC. ("ASSOCIATION") QUALIFIES AS A PUBLIC CHARITY UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC"). AS A PUBLIC CHARITY, IT IS EXEMPT FROM STATE AND FEDERAL INCOME TAXES ON INCOME EARNED IN ACCORDANCE WITH ITS TAX-EXEMPT PURPOSE. UNRELATED BUSINESS INCOME IS SUBJECT TO STATE AND FEDERAL INCOME TAX. MANAGEMENT HAS EVALUATED THE ASSOCIATION'S TAX POSITION AND CONCLUDED THAT THE ASSOCIATION HAS NO UNRELATED BUSINESS INCOME OR UNCERATIN TAX POSITIONS THAT REQUIRE ADJUSTMENT. GALA 252305 227885 24420 24260 4650 21137 WALK/RUN 81721 62155 19566 5906 10121 5 170396 157633 12763 400 17392 875 4091 504422 447673 56749 5906 400 41652 5525 35349 88832 -32083 X X X 0 0 0 0 0 0 0 0 0 TODD ROSE PRESIDENT/CHIEF EXECUTIVE OFFICER 415826 0 0 0 0 0 6688 0 20990 0 443504 0 0 0 JANE PIKE-BENTON CHIEF CLINICAL OFFICER/COO 331270 0 0 0 0 0 5308 0 12768 0 349346 0 0 0 STEPHEN GUT TREASURER/CHIEF FINANCIAL OFFICER 272775 0 0 0 0 0 1291 0 16194 0 290260 0 0 0 ROBIN SEIDMAN VP OF ORG EXCELLENCE/ CHIEF COMPLIAN 210521 0 0 0 0 0 0 0 20872 0 231393 0 0 0 DAVID ROSE CHIEF PEOPLE OFFICER 226553 0 0 0 0 0 3360 0 0 0 229913 0 0 0 CATHERINE FRASCO VP, HOME HEALTH OPERATIONS 190724 0 0 0 0 0 3299 0 12959 0 206982 0 0 0 HEIDI WILSON VP, GROWTH AND INNOVATION 180871 0 0 0 0 0 3181 0 20990 0 205042 0 0 0 AARON LANGLOIS VP OF HOSPICE & PALLIATIVE CARE 176824 0 0 0 0 0 745 0 493 0 178062 0 0 0 PART I, LINE 3 THE EXECUTIVE COMPENSATION COMMITTEE IS MADE UP OF INDEPENDENT BOARD MEMBERS. THE COMMITTEE OBTAINS A COMPETITIVE SALARY SURVEY FROM AN OUTSIDE INDEPENDENT SOURCE. THE EXECUTIVE COMPENSATION COMMITTEE THEN DELIBERATES AND DECIDES ON THE EXECUTIVE COMPENSATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE INDEPENDENT ACCOUNTANTS AND REVIEWED BY THE CEO AND CFO AND SENT TO THE FINANCE COMMITTEE FOR REVIEW. THE FINANCE COMMITTEE PRESENTS THE FORM 990 TO THE BOARD FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY THE BOARD IS ASKED TO SIGN A CONFLICT OF INTEREST STATEMENT. ALSO, AT THE BEGINNING OF ALL BOARD MEETINGS THE BOARD CHAIR ASKS IF THERE ARE ANY CONFLICTS WITH ANY OF THE AGENDA ITEMS. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMPENSATION COMMITTEE IS MADE UP OF INDEPENDENT BOARD MEMBERS. THE COMMITTEE OBTAINS A COMPETITIVE SALARY SURVEY FROM AN OUTSIDE INDEPENDENT SOURCE. THE EXECUTIVE COMPENSATION COMMITTEE THEN DELIBERATES AND DECIDES ON THE EXECUTIVE COMPENSATION. OTHER OFFICERS AND KEY EMPLOYEES SALARIES ARE DETERMINED BY THE CEO AND THE EXECUTIVE COMMITTEE BASED ON COMPARABLE DATA THAT WAS OBTAINED BY A COMPETITIVE SALARY SURVEY FROM AN OUTSIDE INDEPENDENT SOURCE. FORM 990, PART VI, SECTION C, LINE 19 CONSOLIDATED FINANCIAL STATEMENTS OF VNA CARE FOUNDATION AND AFFILIATES IS ATTACHED TO THE MA FORM PC FILED WITH THE ATTORNEY GENERAL'S OFFICE, WHICH IS OPEN TO PUBLIC INSPECTION. THE ARTICLES OF ORGANIZATION ARE AVAILABLE AT THE MASSACHUSETTS SECRETARY OF STATE'S OFFICE, INCLUDING ON-LINE. OTHER GOVERNING DOCUMENTS AND THE CONFLICTS OF INTEREST POLICY ARE NOT GENERALLY AVAILABLE TO THE PUBLIC. REQUESTS FOR COPIES OF SUCH DOCUMENTS ARE CONSIDERED ON A CASE BY CASE BASIS. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S SELECTION PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. VISITING NURSE ASSOCIATION OF BOSTON INC 333 TURNPIKE ROAD SOUTHBOROUGH MA 01772 042105800 HOME HEALTH CARE SERVICES MA 501(C)(3) LINE 10 VNA CARE NETWORK FOUNDATION INC 0 VNA CARE HOSPICE INC 333 TURNPIKE ROAD SOUTHBOROUGH MA 01772 043217872 HOSPICE AND PALLIATIVE CARE SERVICES MA 501(C)(3) LINE 10 VNA CARE NETWORK FOUNDATION INC 0 VNA CARE NETWORK INC 333 TURNPIKE ROAD SOUTHBOROUGH MA 01772 042103825 HOME HEALTH CARE SERVICES MA 501(C)(3) LINE 10 VNA CARE NETWORK FOUNDATION INC 0 VNA CARE ADVANTAGE INC 333 TURNPIKE ROAD SOUTHBOROUGH MA 01772 042953171 PRIVATE DUTY NURSING SERVICES MA 501(C)(3) LINE 10 VNA CARE NETWORK FOUNDATION INC 0 VNA CARE MANAGEMENT RESOURCES INC 333 TURNPIKE ROAD SOUTHBOROUGH MA 01772 042880108 ADMINISTRATIVE AND MANAGEMENT SERVICES MA 501(C)(3) LINE 10 VNA CARE NETWORK FOUNDATION INC 0 0 1 0 1 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 VNA CARE HOSPICE INC J 95894 BOOK VALUE VNA CARE NETWORK INC J 2023067 BOOK VALUE VNA OF BOSTON INC J 1396451 BOOK VALUE VNA CARE NETWORK INC L 2524670 BOOK VALUE VNA CARE HOSPICE INC L 773977 BOOK VALUE VNA OF BOSTON INC L 972778 BOOK VALUE VNA CARE NETWORK INC D 18616676 BOOK VALUE VNA OF BOSTON INC D 2988314 BOOK VALUE VNA CARE ADVANTAGE INC D 151860 BOOK VALUE VNA CARE MANAGEMENT RESOURCES INC D 16357871 BOOK VALUE VNA CARE NETWORK INC D 82873 BOOK VALUE VNA CARE HOSPICE INC E 19836494 BOOK VALUE VNA CARE NETWORK INC B 862932 BOOK VALUE VNA CARE HOSPICE INC B 802865 BOOK VALUE VNA OF BOSTON INC B 355892 BOOK VALUE