2024-11-14T13:03:49+00:00 2023-12-31 350921680 CROWE LLP 401 East Las Olas Blvd Suite 1100 Fort Lauderdale FL 333014230 990 2023-01-01 203974070 TrustBridge Foundation Inc TRUS 5614946888 5300 East Avenue West Palm Beach FL 33407 mark r huntley cfo 5614946888 2024-11-14 true GINA ARDILLO P01395893 9542028600 2024-11-14 2023 2024-10-15 13:58:12Z Trustbridge Hospice Foundation Deborah Johnson 5300 East Avenue West Palm Beach FL 33407 62917519 false X https://trustbridge.com/foundation/ X 2005 FL The organization's mission is to Raise and manage charitable donations to support nonprofit end of life care provider Trustbridge, Inc and its subsidiaries through a comprehensive fundraising program. 14 14 26 134 0 0 4692245 5896674 0 -1131081 4082426 320939 555705 3882103 10534805 6723981 4109653 0 1184604 1155649 0 458308 1444860 1528989 9353445 6794291 -5471342 3740514 142814537 158688795 1991198 1212224 140823339 157476571 X The mission is to Raise and manage charitable donations to support nonprofit end of life care provider Trustbridge, Inc and its subsidiaries, who in 2023, provided compassionate care to 12,727 hospice patients and their families including 100% coverage for 280 patients without insurance who qualified for charity care. false false 1902127 1509369 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. 1256560 997100 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. OUR FOUNDATION IS DEDICATED TO SUPPORTING THE SPECIALIZED PROGRAMS THAT TRUSTBRIDGE PROVIDES THAT ARE ABOVE AND BEYOND TRADITIONAL HOSPICE CARE, INCLUDING VETERANS PROGRAM, PHYSICIAN FELLOWSHIP PROGRAM AND EMPLOYEE TRAINING. 1008172 800000 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. 470 patients received extraordinary comfort measures in 2023. 634762 503694 MUSIC THERAPY: MUSIC CAN CREATE A PHYSICAL AND EMOTIONAL CONNECTION THAT RELIEVES PAIN, ANXIETY, DEPRESSION AND OTHER SYMPTOMS. WE OFFER ONE OF THE NATION'S LARGEST MUSIC THERAPY PROGRAMS, PROVIDING 5,784 MUSIC THERAPY VISITS IN 2023. 377421 299490 Grief Support: IN 2023, WE WERE ABLE TO HELP 1,992 ADULTS WITH INDIVIDUAL AND GROUP COUNSELING. WE SERVED 308 CHILDREN AND TEENS WITH INDIVIDUAL AND GROUP COUNSELING SESSIONS. IN ADDITION, 48 CHILDREN ATTENDED Bereavement Camp Programs: CAMP GOOD GRIEF, CAMP STINGRAY, AND CLUB SEAHORSE. 1012183 803184 5179042 true true false false false false false false true true true false true true true true true false false true false false false true false false true true true false false false false false false false false true false false false false true false false false true X 33 0 true 26 true false true BF false false false true true false false false false false false X 14 14 false false false false true true true true true false false true true true true true true true false false FL X Deborah Johnson 5614946888 5300 EAST AVENUE West Palm Beach FL 33407 Chris Callahan Vice Chair 1.0 0 X X 0 0 0 Dari Bowman Secretary 1.0 0 X X 0 0 0 Meredith Tucker Treasurer 1.0 0 X X 0 0 0 Robert M Friedman CLU Chairman 1.0 0 X X 0 0 0 Stuart B Klein Vice Chair 1.0 0 X X 0 0 0 Adolfo Zaralegui Director 1.0 0 X 0 0 0 Bishop Oshea Granger Director 1.0 0 X 0 0 0 F Malcolm Cunningham Jr Director 1.0 0 X 0 0 0 Jeffrey M Bishop Director 1.0 0 X 0 0 0 Jennifer Brancaccio Director 1.0 0 X 0 0 0 Jessica Lerner Director 1.0 0 X 0 0 0 Kevin Dilallo Director 1.0 0 X 0 0 0 Mark Cook Director 1.0 0 X 0 0 0 Patrick J Franklin Director 1.0 0 X 0 0 0 Deborah Johnson President TrustBridge Foundation 50.0 0 X 249414 0 22389 Gregory E Leach VP Strategy Foundation 50.0 0 X 165700 0 19743 Mark R Huntley CFO 10.0 30.0 X 0 450862 38087 Valerie A Vitale Foundation Vice President 40.0 0 X 185317 0 12240 Allyson Harman Director of Philanthropy 40.0 0 X 104195 0 5269 Cathy L Olsen Sr. Director of Resale Operations 40.0 0 X 104605 0 3175 Pedro A Herrera Former Officer 0.0 40.0 X 0 249960 12975 809232 700822 113878 5 true true false JP MORGAN 390 Madison Avenue Floor 14 New York NY 10017 INVESTMENT MANAGEMENT SERVICES 571394 Charles Schwab Flagler Center 501 S Flagler Drive West Palm Beach FL 33401 investment management services 284091 2 33817 440156 5422701 158826 5896674 0 0 0 0 0 4188897 4188897 0 0 50669152 50775623 -106471 0 -106471 -106471 226747 440156 215459 11288 11288 1936049 1391632 544417 544417 0 0 0 0 0 10534805 0 0 4638131 4094444 4094444 15209 15209 654802 458361 196441 323560 226493 97067 20308 14216 6092 94097 65868 28229 62882 44017 18865 36115 36115 29604 29604 865441 865441 220909 4248 214841 1820 114034 79824 34210 97284 68099 29185 50756 35529 15227 31200 21840 9360 56657 39660 16997 4500 3150 1350 10940 10940 Development Costs 11549 8084 3465 0 0 0 0 6794291 5179042 1156941 458308 2885310 2585422 2321842 2101631 496523 33200 0 0 0 0 61943 11034 645565 565286 37949 80279 99062730 117474860 24260269 22435390 0 0 0 13687971 13966979 142814537 158688795 340693 300421 43587 31100 0 0 1606918 880703 1991198 1212224 X 136998056 153641257 3825283 3835314 140823339 157476571 142814537 158688795 X 3740514 12867865 44853 X false true X true false X 6611701 5430699 7168751 4692245 5896674 29800070 0 0 6611701 5430699 7168751 4692245 5896674 29800070 2209842 27590228 2956708 2493141 4043283 4330244 4188897 18012273 0 0 0 0 0 0 1835766 1376644 1824368 1791645 2162796 8991219 56803562 0 0.4857 0.5105 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - GROSS INCOME FROM FUNDRAISING EVENTS, COLUMN A - 228449.0, COLUMN B - 166740.0, COLUMN C - 230064.0, COLUMN D - 176469.0, COLUMN E - 226747.0, COLUMN F - 1028469.0; DESCRIPTION - GROSS INCOME FROM SALE OF INVENTORY, COLUMN A - 1602722.0, COLUMN B - 1206154.0, COLUMN C - 1579226.0, COLUMN D - 1607769.0, COLUMN E - 1936049.0, COLUMN F - 7931920.0; DESCRIPTION - GAMING INCOME, COLUMN A - 4595.0, COLUMN B - 3750.0, COLUMN C - 15078.0, COLUMN D - 7407.0, COLUMN E - 0.0, COLUMN F - 30830.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2392687 262773 0 2655460 3219780 -515483 311610 2392687 3196762 311610 288592 3219780 3044059 288592 135889 3196762 2676291 367768 0 3044059 0.0 1.0 0.0 false false 9085 9085 441509 436628 4881 30146 30146 0 164825 98512 66313 80279 Alternative investments - Hedge Funds 10577008 F Exchange Traded Funds 7723344 F Alternative investments - Global Private Equities 3276747 F Common Trust Funds 858291 F 22435390 DUE FROM AFFILIATES 13598348 Right of Use Assets 368631 13966979 DUE TO AFFILIATES 522964 Lease Liability 357739 880703 X 24189173 12867865 44853 12912718 11276455 865441 -1607091 -741650 10534805 7535941 1607091 1607091 5928850 865441 0 865441 6794291 Schedule D, Part V, Line 4 Intended uses of endowment funds The endowment funds are held by TrustBridge Foundation, Inc. and are intended to be used to support the programs and activities of Hospice of Palm Beach County, Inc., Hospice by the Sea and all related organizations. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote TrustBridge Foundation is exempt from income taxes on income from related activities under Section 501(c)(3) of the U.S. Internal Revenue Code and corresponding state tax law. Accordingly, no provision has been made for federal or state income taxes. U.S. GAAP requires that a tax position is recognized as a benefit only if it is "more likely than not" that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the "more likely than not" test, no tax benefit is recorded. TrustBridge Foundation's Form 990 has not been subject to examination by the Internal Revenue Service or the State of Florida for the last three years. TrustBridge Foundation does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. TrustBridge Foundation recognizes interest and/or penalties related to income tax matters in income tax expense. TrustBridge Foundation did not have any amounts accrued for interest and penalties at December 31, 2023 and 2022. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 CHANGE IN FAIR VALUE OF ASSETS HELD IN TRUST - 53975 CHANGE IN SPLIT INTEREST IN CHARITABLE GIFT ANNUITY - -9122 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Special Event Expenses - -215459 Resale Expenses - -1391632 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 SPECIAL EVENT EXPENSES - 215459 Resale Expenses - 1391632 Central America and the Caribbean 0 0 Investments 13853755 0 0 0 0 0 0 13853755 0 13853755 true false true true false false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual Medalist Golf 164538 108595 55943 12000 17821 36500 3500 10000 5K on the Run 137124 90502 46622 14 14400 10991 13386 25052 4 365241 241059 124182 4335 14680 23729 1355 27696 666903 440156 226747 12000 22170 29080 71220 18241 62748 215459 11288 true Hospice of Palm Beach County Inc 5300 East Avenue West Palm Beach FL 33407 591825937 501(c)(3) 2571744 N/A N/A Program Support Hospice by the Sea Inc 5300 East Avenue West Palm Beach FL 33407 591952942 501(c)(3) 1168509 N/A N/A PROGRAM SUPPORT TRUSTBRIDGE INC 5300 EAST AVENUE WEST PALM BEACH FL 33407 203974015 501(C)(3) 354191 N/A N/A PROGRAM SUPPORT 3 0 HOUSEHOLD EXPENSE ASSISTANCE 22 15209 0 N/A N/A Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. The organization grants funds to related organizations that it supports. The CFO monitors the funds to ensure they are used for their intended purposes. THE ASSISTANCE PROVIDED TO INDIVIDUALS IS PROVIDED DIRECTLY TO THE COMPANY OR ORGANIZATION BY WHICH THE ASSISTANCE IS BEING PROVIDED. FOR EXAMPLE, ASSISTANCE PROVIDED TO AN INDIVIDUAL THAT IS INTENDED TO PAY THEIR ELECTRIC BILL WOULD BE PAID DIRECTLY TO THE ELECTRIC COMPANY TO ENSURE THE FUNDS ARE USED FOR THEIR INTENDED PURPOSE. X X X false true false false false false false false false Pedro A Herrera Former Officer 0 136847 0 54986 0 58127 0 12491 0 484 0 262935 0 17222 Mark R Huntley CFO 0 288358 0 104212 0 58292 0 15525 0 22562 0 488949 0 16295 Deborah Johnson President TrustBridge Foundation 194590 0 30518 0 24306 0 7564 0 14825 0 271803 0 0 0 Gregory E Leach VP Strategy Foundation 75477 0 75572 0 14651 0 3687 0 16056 0 185443 0 0 0 Valerie A Vitale Foundation Vice President 152746 0 31937 0 634 0 5585 0 6655 0 197557 0 0 0 Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan The following contributions were made during 2023 to a Section 457(f) plan: Pedro A. Herrera - $5,625 MARK R. HUNTLEY - $5,625 Deborah M. Johnson - $5,625 The following distributions were made during 2023 from a Section 457(f) plan: Pedro A. Herrera - $17,222 MARK R. HUNTLEY - $16,295 X 1936049 Selling cost X 2 158826 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - NUMBER OF CONTRIBUTIONS Form 990, Part III, Line 4d Description of other program services (Expenses $ 634,762 including grants of $ 503,694) MUSIC THERAPY: MUSIC CAN CREATE A PHYSICAL AND EMOTIONAL CONNECTION THAT RELIEVES PAIN, ANXIETY, DEPRESSION AND OTHER SYMPTOMS. WE OFFER ONE OF THE NATION'S LARGEST MUSIC THERAPY PROGRAMS, PROVIDING 5,784 MUSIC THERAPY VISITS IN 2023. Form 990, Part III, Line 4d Description of other program services (Expenses $ 377,421 including grants of $ 299,490) Grief Support: IN 2023, WE WERE ABLE TO HELP 1,992 ADULTS WITH INDIVIDUAL AND GROUP COUNSELING. WE SERVED 308 CHILDREN AND TEENS WITH INDIVIDUAL AND GROUP COUNSELING SESSIONS. IN ADDITION, 48 CHILDREN ATTENDED Bereavement Camp Programs: CAMP GOOD GRIEF, CAMP STINGRAY, AND CLUB SEAHORSE. Form 990, Part VI, Line 15b COMPENSATION PAID TO OTHER OFFICERS THE compensation of the CFO IS DETERMINED BY THE CEO OF TRUSTBRIDGE, INC., A RELATED ORGANIZATION. THE CEO USES COMPARABILITY DATA AND AN INDEPENDENT COMPENSATION CONSULTANT TO DETERMINE THE COMPENSATION. THE DECISION is DOCUMENTED IN the EMPLOYEE'S FILE. This process was last undertaken in April 2023. Form 990, Part VI, Line 1a Delegate broad authority to a committee As stated in the governing documents, the Board of Directors shall have an executive committee that shall have and exercise all of the powers of the Board of Directors in the management of the Business and affairs of the Corporation. The board may designate one (1) or more directors as alternate members of any committee, who may replace any absent or disqualified member at any meeting of the committee. Form 990, Part VI, Line 6 Classes of members or stockholders The sole member of TrustBridge Foundation, Inc. (the organization) shall be TrustBridge, Inc. (sole member), a related tax-exempt organization. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body At the annual meeting of TrustBridge Foundation, Inc., its Directors shall elect, for the Board positions then open, to serve a three (3) year term from a slate of candidates nominated by the Directors. The Directors shall be elected to serve a three (3) year term, or until such Director submits his or her written resignation to the Chairperson of the Corporation. Any Director may be removed, with or without cause, by the sole member at the meeting of the sole member, or by the affirmative vote of two-thirds (2/3) of the Directors then in office. The sole member shall not have any form of equity or ownership interest in the organization or any right, title or interest in its assets at any time during the course of its active operation. All rights of the person or entity designated as Sole Member shall cease on the termination of the Sole Membership. Only the sole member shall be entitled to share in the distribution of corporate assets upon any dissolution of the organization. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders The sole member has the right to approve decisions of the board. Form 990, Part VI, Line 11b Review of form 990 by governing body The Form 990 is reviewed by the audit committee and the independent paid tax preparer will make a presentation to the BOARD MEMBERS regarding the Form 990. A complete copy of the final Form 990 is sent to all board members prior to filing the return with the IRS. Form 990, Part VI, Line 12c Conflict of interest policy The organization sends out the conflict of interest questionnaires to board members and officers annually. The responses to the questionnaires are monitored and collected by the CFO. Should a conflict exist the person with the conflict will abstain from voting on the issue in question. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE ORGANIZATION USES A COMPENSATION COMMITTEE, COMPARABILITY DATA, AN INDEPENDENT COMPENSATION CONSULTANT, AND APPROVAL BY TRUSTBRIDGE CEO TO DETERMINE THE COMPENSATION OF THE PRESIDENT. IN 2022 FOUNDATION PRESIDENT RETIRED AND A NEW PRESIDENT WAS ELECTED. THE COMPENSATION REVIEW OF THE NEW PRESIDENT TOOK PLACE IN April 2023 AND IS DOCUMENTED IN THE BOARD AND COMMITTEE MINUTES. Form 990, Part VI, Line 19 Required documents available to the public Financial statements, governing documents, and conflict of interest policies are not required disclosures pursuant to Internal Revenue Code (IRC) Section 6104. These documents are not available to the public at this time. Form 990, Part VII, Section A Compensation paid to interested persons Gregory Leach MR. LEACH SERVED AS THE PRESIDENT OF TRUSTBRIDGE FOUNDATION, INC. THROUGH SEPTEMBER 2022 AND SUBSEQUENTLY BEGAN SERVING AS VP STRATEGY FOR TRUSTBRIDGE FOUNDATION, INC. Other Compensation was for his employee health and retirement benefits which were under the same plans provided to all employees. DEBORAH JOHNSON MS. JOHNSON SERVES AS THE PRESIDENT OF TRUSTBRIDGE FOUNDATION, INC. BEGINNING IN AUGUST 2022. OTHER COMPENSATION IS FOR HER EMPLOYEE HEALTH AND RETIREMENT BENEFITS WHICH ARE UNDER THE SAME PLANS PROVIDED TO ALL EMPLOYEES. IN ADDITION THE ORGANIZATION OFFERS A 457F RETIREMENT PLAN FOR MANAGEMENT AND OFFICERS. MARK R. HUNTLEY MR. HUNTLEY SERVES AS THE CFO FOR TRUSTBRIDGE, INC, TrustBridge FOUNDATION, INC., HOSPICE OF PALM BEACH COUNTY, HOSPICE OF BROWARD COUNTY, HOSPICE BY THE SEA, INC., FOCUS CARE HOME HEALTH, INC., HARBOR PALLIATIVE CARE SERVICES, INC., AND THE MEDICAL STORE. HIS TIME IS SHARED EQUALLY BY ALL ENTITIES. OTHER COMPENSATION IS FOR HIS EMPLOYEE HEALTH AND RETIREMENT BENEFITS WHICH ARE UNDER THE SAME PLANS PROVIDED TO ALL EMPLOYEES. In addition the organization offers a 457f retirement plan for Management and officers. PEDRO A. HERRERA MR. HERRERA SERVED AS THE VP of Finance FOR TRUSTBRIDGE, INC. OTHER COMPENSATION IS FOR HIS EMPLOYEE HEALTH AND RETIREMENT BENEFITS WHICH ARE UNDER THE SAME PLANS PROVIDED TO ALL EMPLOYEES. IN ADDITION THE ORGANIZATION OFFERS A 457F RETIREMENT PLAN FOR MANAGEMENT AND OFFICERS. Allyson Harman Ms. Harman serves as the Director of Philanthropy for TrustBridge Foundation, Inc. Other Compensation is for her employee health and retirement benefits which are under the same plans provided to all employees. Cathy Olsen Ms. Olsen serves as the Sr. Director of resale Operations for TrustBridge Foundation, Inc. Other Compensation is for her employee health and retirement benefits which are under the same plans provided to all employees. Valerie Vitale Ms. Vitale serves as the Vice President for TrustBridge Foundation, Inc. Other Compensation is for her employee health and retirement benefits which are under the same plans provided to all employees. Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN FAIR VALUE OF ASSETS HELD IN TRUST - 53975; CHANGE IN SPLIT INTEREST IN CHARITABLE GIFT ANNUITY - -9122; HOSPICE OF PALM BEACH COUNTY INC 5300 EAST AVENUE WEST PALM BEACH FL 33407 591825937 HOSPICE CARE FL 501(c)(3) 10 TRUSTBRIDGE INC false TRUSTBRIDGE INC 5300 EAST AVENUE WEST PALM BEACH FL 33407 203974015 MANAGEMENT FL 501(c)(3) Type II NA false THE MEDICAL STORE OF PALM BEACH COUNTY INC 5300 EAST AVENUE WEST PALM BEACH FL 33407 202835810 SUPPLIER FL 501(c)(3) 10 TRUSTBRIDGE INC false FOCUS CARE HOME HEALTH INC 5300 EAST AVENUE WEST PALM BEACH FL 33407 263595560 HOME HEALTH SERVICES FL 501(c)(3) 10 TRUSTBRIDGE INC false HARBOR PALLIATIVE CARE SERVICES INC 5300 EAST AVENUE WEST PALM BEACH FL 33407 800674849 PALLIATIVE SERVICES FL 501(c)(3) 10 TRUSTBRIDGE INC false Hospice by the Sea Inc 5300 East Avenue West Palm Beach FL 33407 591952942 Hospice Care FL 501(c)(3) 10 TrustBridge Inc false false true false true false false false false false false true true true true true true false false false