2025-05-15T15:04:10-05:00 2024-06-30 991856619 GRANT THORNTON ADVISORS LLC 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2023-07-01 061422741 AMERICARES FREE CLINICS INC AMER 2036589500 88 HAMILTON AVENUE STAMFORD CT 069023105 BRUCE PANKEY CFO & TREASURER 2036589500 2025-05-15 1 1 SCOTT THOMPSETT P00741490 2125990100 2023 2025-03-06 01:10:19Z CHRISTINE SQUIRES 88 HAMILTON AVENUE STAMFORD CT 069023105 7660215 0 X WWW.AMERICARESFREECLINICS.ORG X 1994 CT TO PROVIDE FREE HEALTH CARE TO UNINSURED RESIDENTS OF NORWALK, DANBURY, STAMFORD & BRIDGEPORT CT. 10 8 38 30 0 0 6124509 7543757 0 0 16005 70462 1294 0 6141808 7614219 1776142 2097131 0 0 4043176 3900085 0 0 0 756559 845904 6575877 6843120 -434069 771099 3989509 3565895 2306125 1201673 1683384 2364222 X SEE SCHEDULE O 0 0 6843120 2097131 0 SEE SCHEDULE O 6843120 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 8 0 1 38 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 8 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CT X X BRUCE PANKEY 2036589500 88 HAMILTON AVENUE STAMFORD CT 069023105 CHRISTINE SQUIRES PRESIDENT & CEO 1.00 40.00 X X 0 574695 67846 KAREN L GOTTLIEB EXECUTIVE DIRECTOR 40.00 0.00 X X 213817 0 26276 JEFFREY T BECKER BOARD CHAIR 1.00 0.00 X X 0 0 0 JAY H SANDAK SECRETARY 1.00 0.00 X X 0 0 0 ELIZABETH P ALLEN DIRECTOR 1.00 0.00 X 0 0 0 CAROL B BAUER DIRECTOR 1.00 0.00 X 0 0 0 RONALD E COURSEY DIRECTOR 1.00 0.00 X 0 0 0 CATALINA HORAK DIRECTOR 1.00 0.00 X 0 0 0 PAUL J KUEHNER DIRECTOR (THRU 07/2023) 1.00 0.00 X 0 0 0 JANE MUSKY DIRECTOR 1.00 0.00 X 0 0 0 STEPHEN M WINTER MD DIRECTOR 1.00 0.00 X 0 0 0 RICHARD K TROWBRIDGE JR CFO, TREASURER & SVP OF GIK OPERAT. 1.00 40.00 X 0 305811 60299 JENNIFER M NAUMANN ASSISTANT SECRETARY 1.00 40.00 X 0 84667 26302 DINA VALENTI NURSE PRACTITIONER 40.00 0.00 X 148942 0 38521 MUGUETTE C MAIGNAN CLINIC DIRECTOR, DANBURY 40.00 0.00 X 163935 0 11124 DEBRA GERSON DIRECTOR, MEDICAL SERVICES 40.00 0.00 X 243134 0 15845 PATRICIA L DUNN DIRECTOR, STAFF AND PATIENT EDUC. 40.00 0.00 X 127726 0 21027 LISA SILK CLINIC DIRECTOR, STAMFORD 40.00 0.00 X 126328 0 18251 MEGIN E WOLFMAN FORMER ASSISTANT SECRETARY 0.00 40.00 X 0 260954 56756 1023882 1226127 342247 12 1 1 0 0 4704181 2839576 2745806 7543757 76223 76223 40235 45996 -5761 -5761 -5761 7614219 0 0 70462 X 2097131 2097131 242847 242847 2793239 2793239 132789 132789 492732 492732 238478 238478 13119 13119 2463 2463 13201 13201 148782 148782 417578 417578 26953 26953 2572 2572 62160 62160 140292 140292 MISCELLANEOUS 16792 16792 POSTAGE & FREIGHT 1992 1992 6843120 6843120 0 0 304509 272784 976781 500000 102772 124241 577464 671078 30966 31083 1155844 1071530 114904 84314 1684941 1706507 197172 175888 3989509 3565895 481696 772399 300000 300000 1524429 129274 2306125 1201673 X 132000 1663000 1551384 701222 1683384 2364222 3989509 3565895 X 771099 -5761 -84500 X 0 1 X 1 0 X 9068527 4663457 3547094 6124509 7543757 30947344 9068527 4663457 3547094 6124509 7543757 30947344 8457212 22490132 3368 6376 72540 66307 76223 224814 1000 828 1294 3122 31175280 0.72140 0.70990 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2019 AMOUNT: $ 1,000. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 828. 2022 AMOUNT: $ 1,294. 2023 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1029833 961647 68186 126011 109883 16128 84314 RIGHT-OF-USE LIABILITY 128947 INTERCOMPANY PAYABLE 327 129274 X PART X, LINE 2: INCOME TAXES AMERICARES FOUNDATION, INC. AND AMERICARES FREE CLINICS, INC. FOLLOW 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. BOTH AMERICARES FOUNDATION, INC. AND AMERICARES FREE CLINICS, INC. ARE EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE ("IRC") SECTION 501(C)(3), THOUGH THEY ARE SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE IRC. AMERICARES 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 HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. AMERICARES HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. 1 FREE PRESCRIPTION MEDICINE 1798 2097131 FMV PRESCRIPTION MEDS PART I, LINE 2: IN FISCAL YEAR 2024, 1,798 ACTIVE PATIENTS WERE ELIGIBLE TO RECEIVE FREE MEDICATIONS. MEDICATION DISPENSED BY AMERICARES FREE CLINICS, INC. IS LABELED, RECORDED AND HANDED DIRECTLY TO THE PATIENT FOR WHOM IT IS PRESCRIBED. DISPENSED DOSAGES AND LOT NUMBERS ARE RECORDED IN EACH PATIENT'S CHART. ADHERENCE IS MONITORED AT EACH PATIENT VISIT. X X 0 0 0 0 0 0 0 1 0 CHRISTINE SQUIRES PRESIDENT & CEO 0 522165 0 52530 0 0 0 26199 0 41647 0 642541 0 0 RICHARD K TROWBRIDGE JR CFO, TREASURER & SVP OF GIK OPERAT. 0 305811 0 0 0 0 0 18652 0 41647 0 366110 0 0 MEGIN E WOLFMAN FORMER ASSISTANT SECRETARY 0 260954 0 0 0 0 0 15146 0 41610 0 317710 0 0 DEBRA GERSON DIRECTOR, MEDICAL SERVICES 243134 0 0 0 0 0 14423 0 1422 0 258979 0 0 0 KAREN L GOTTLIEB EXECUTIVE DIRECTOR 213817 0 0 0 0 0 13065 0 13211 0 240093 0 0 0 DINA VALENTI NURSE PRACTITIONER 146776 0 2166 0 0 0 8635 0 29886 0 187463 0 0 0 MUGUETTE C MAIGNAN CLINIC DIRECTOR, DANBURY 163935 0 0 0 0 0 9868 0 1256 0 175059 0 0 0 PART I, LINE 7 THE PRESIDENT AND CEO IS ENTITLED TO AN ANNUAL BONUS PURSUANT TO HER EMPLOYMENT CONTRACT AT THE DISCRETION OF THE COMPENSATION COMMITTEE OF THE FOUNDATION'S BOARD OF DIRECTORS. THE COMPENSATION COMMITTEE CONVENES EACH YEAR TO DETERMINE IF THE PRESIDENT HAS EXCEEDED CERTAIN PERFORMANCE-BASED CRITERIA, AND IF SHE HAS, THEY WILL AUTHORIZE A BONUS. IN CALENDAR YEAR 2023, THE PRESIDENT RECEIVED A $52,530 DISCRETIONARY BONUS. THE FOUNDATION HAS A BONUS POLICY IN PLACE THAT PERMITS BONUSES TO OTHER EMPLOYEES BASED ON CERTAIN FACTORS: RELOCATION BONUSES, SIGN-ON BONUSES, RETENTION BONUSES AND PERFORMANCE BONUSES. IN CALENDAR YEAR 2023, THE FOUNDATION ISSUED A SMALL BONUS TO ONE INDIVIDUAL REPORTED ON THE FORM 990, SCHEDULE J. DINA VALENTI RECEIVED A DISCRETIONARY BONUS IN CALENDAR YEAR 2023 FOR EXCEEDING CERTAIN PERFORMANCE-BASED OBJECTIVES ESTABLISHED BY THE COMPENSATION COMMITTEE. THE DETERMINATION TO ISSUE A BONUS IS BASED ON A RECOMMENDATION BY THE COMPENSATION COMMITTEE TO THE FULL BOARD, FOR BOARD APPROVAL. THESE INDIVIDUALS DID NOT PARTICIPATE IN THE DECISION-MAKING PROCESS TO AWARD THE BONUS. THE AMERICARES STAFF ARE THE MAIN DRIVER OF ALL OF OUR WORK IN THE WORLD AND, AS SUCH, WE STRIVE TO RECOGNIZE THEIR CONTRIBUTIONS CONSISTENTLY IN WAYS THAT ARE COMPETITIVE, EQUITABLE AND TRANSPARENT, AS LAID OUT IN OUR COMPENSATION PHILOSOPHY. THERE ARE A SMALL NUMBER OF CIRCUMSTANCES IN WHICH WE MAY NEED TO GO ABOVE AND BEYOND THIS BASE COMPENSATION IN ORDER TO RECOGNIZE THE NEEDS AND EFFORTS OF OUR STAFF. THIS POLICY OUTLINES THE CIRCUMSTANCES IN WHICH BONUS PAY WILL BE CONSIDERED. HOWEVER, IT IS IMPORTANT TO NOTE THAT, AS A NON-PROFIT ORGANIZATION, AMERICARES ALSO TAKES OUR RESPONSIBILITY TO DONORS AND FUNDERS VERY SERIOUSLY. AS SUCH, WE CONSIDER BONUS PAY TO BE A VERY RARE OCCURRENCE, ONLY EMPLOYED WHEN THERE IS CLEAR NEED. X 2 631625 FAIR MARKET VALUE X 1 2114181 COST/WHOLESALE PRICE 0 1 1 PART I, LINE 32B: TO THE EXTENT THAT AMERICARES FREE CLINICS, INC. RECEIVES NONCASH CONTRIBUTIONS IN THE FORM OF DONATED SECURITIES, AMERICARES FREE CLINICS, INC. WILL USE ITS OWN INVESTMENT BROKER TO SELL THOSE DONATED SECURITIES. FORM 990, PART III, LINE 1 THE MISSION OF AMERICARES FREE CLINICS, INC. IS TO PROVIDE FREE HEALTH CARE TO LOW-INCOME UNINSURED RESIDENTS OF THE GREATER NORWALK, DANBURY, STAMFORD AND BRIDGEPORT CONNECTICUT AREAS IN A SETTING WHERE ALL INDIVIDUALS ARE TREATED WITH DIGNITY AND RESPECT. AMERICARES FREE CLINICS, INC. HELPS THOSE WHO ARE MAKING A SINCERE EFFORT TO HELP THEMSELVES AND THEIR FAMILIES, BUT DO NOT HAVE THE FINANCIAL RESOURCES FOR MEDICAL CARE. FORM 990, PART III, LINE 4A AMERICARES FOUNDER BOB MACAULEY OPENED OUR FIRST CLINIC IN 1994 TO EXPAND ACCESS TO CARE FOR THE WORKING POOR OVER THE YEARS, OUR PROGRAM HAS GROWN TO BECOME THE LARGEST FREE CLINIC NETWORK IN THE STATE WITH FOUR LOCATIONS SERVING NEARLY 2,000 PATIENTS ANNUALLY. TODAY, OUR CLINICS IN BRIDGEPORT, DANBURY, NORWALK AND STAMFORD ARE A LIFELINE FOR LOW-INCOME UNINSURED RESIDENTS FROM ACROSS FAIRFIELD COUNTY. WE CARE FOR PATIENTS WITH DIABETES, HYPERTENSION, HIGH CHOLESTEROL AND OTHER CHRONIC CONDITIONS, AS WELL AS PROVIDE TREATMENT FOR MINOR INJURIES AND SUDDEN ILLNESSES LIKE THE FLU. WITHOUT OUR SERVICES, MANY WOULD RELY ON EMERGENCY ROOMS FOR PRIMARY CARE SERVICES OR WORSE DELAY CARE UNTIL THEY HAVE A MEDICAL EMERGENCY. OVER THE YEARS, 28,000 OF OUR NEIGHBORS IN NEED HAVE RECEIVED FREE HEALTH CARE SERVICES VALUED AT $165 MILLION FROM OUR CLINICS AND COMMUNITY PARTNERS. SUPPORTED BY LOCAL PHILANTHROPY, OUR CLINICS ARE AN EXAMPLE OF A COMMUNITY COMING TOGETHER TO HELP PATIENTS IN NEED. OUR CLINICS ARE SUPPORTED BY VOLUNTEER DOCTORS, NURSES, INTERPRETERS AND ADMINISTRATIVE HELP, AND DRAW ON THE RESOURCES OF COMMUNITY HOSPITALS, LABORATORIES, SPECIALISTS AND PHARMACIES TO ENSURE COMPREHENSIVE OUTPATIENT CARE. PATIENTS RECEIVE ESSENTIAL PRESCRIPTION MEDICATIONS AT LITTLE OR NO CHARGE THROUGH PATIENT ASSISTANCE PROGRAMS, DONATED MEDICINES AND OUR RELATIONSHIPS WITH LOCAL PHARMACIES. FORM 990, PART VI, SECTION A, LINE 6 PER THE ORGANIZATION'S BYLAWS, ITS SOLE CORPORATE MEMBER IS AMERICARES FOUNDATION, INC. FORM 990, PART VI, SECTION A, LINE 7A PER THE ORGANIZATION'S BYLAWS, THE SOLE CORPORATE MEMBER IS RESERVED THE POWER TO ESTABLISH THE STRUCTURE OF THE BOARD OF DIRECTORS IN TERMS OF ITS SIZE AND COMPOSITION. THE SOLE MEMBER SHALL HAVE THE AUTHORITY TO REMOVE A BOARD MEMBER OR BOARD OFFICER WITH OR WITHOUT CAUSE. FORM 990, PART VI, SECTION A, LINE 7B PER THE ORGANIZATION'S BYLAWS, THE SOLE CORPORATE MEMBER IS RESERVED CERTAIN RIGHTS, INCLUDING THE RIGHT TO REVIEW THE ORGANIZATION'S ANNUAL BUDGET. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY A NATIONALLY RENOWNED TAX ADVISORY FIRM IN CONJUNCTION WITH THE ORGANIZATION'S FINANCIAL DEPARTMENT. THE FORM 990 IS REVIEWED BY MANAGEMENT AND WAS DISTRIBUTED TO THE BOARD OF DIRECTORS FOR REVIEW AND COMMENT AND APPROVED FOR FILING SHORTLY THEREAFTER. FORM 990, PART VI, SECTION B, LINE 12C A DIRECTOR OR OFFICER SHALL DISCLOSE TO THE BOARD OF DIRECTORS ANY POTENTIAL CONFLICTS OF INTEREST IN CONNECTION WITH PROPOSED ACTIONS OF THE CORPORATION. WHEN ANY SUCH CONFLICT OF INTEREST IS RELEVANT TO A MATTER REQUIRING ACTION BY THE BOARD OF DIRECTORS, OR A COMMITTEE THEREOF, SUCH INTERESTED DIRECTOR OR OFFICER SHALL NOT VOTE ON THE MATTER. MOREOVER, THE INTERESTED DIRECTOR OR OFFICER SHALL RETIRE FROM THE ROOM IN WHICH THE BOARD OF DIRECTORS (OR THE COMMITTEE) IS MEETING AND SHALL NOT PARTICIPATE IN THE FINAL DELIBERATION OR DECISION REGARDING THE MATTER UNDER CONSIDERATION. HOWEVER, THE INTERESTED DIRECTOR OR OFFICER SHALL PROVIDE THE BOARD OF DIRECTORS OR COMMITTEE WITH ANY AND ALL MATERIAL INFORMATION. THE MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS OR COMMITTEE SHALL REFLECT THAT A CONFLICT OF INTEREST WAS DISCLOSED AND THAT THE INTERESTED DIRECTOR OR OFFICER WAS NOT PRESENT DURING THE FINAL DISCUSSION OR VOTE AND DID NOT VOTE. WHEN THERE IS A DOUBT AS TO WHETHER A CONFLICT OF INTEREST EXISTS, THE MATTER SHALL BE RESOLVED BY A VOTE OF THE BOARD OF DIRECTORS, OR THE COMMITTEE, EXCLUDING THE INTERESTED DIRECTOR OR OFFICER CONCERNING WHOSE SITUATION THE DOUBT HAS ARISEN. THIS POLICY SHALL BE REVIEWED ANNUALLY FOR THE INFORMATION AND GUIDANCE OF DIRECTORS, OFFICERS AND STAFF MEMBERS; AND ANY NEW DIRECTORS, OFFICERS OR STAFF MEMBERS SHALL BE ADVISED OF THE POLICY AND FURNISHED A DISCLOSURE STATEMENT UPON UNDERTAKING THE DUTIES OF SUCH OFFICE. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION THE AMERICARES FOUNDATION, INC'S CHIEF EXECUTIVE, ALONG WITH THE SVP OF PROGRAMS AND CHIEF PEOPLE OFFICER, DETERMINES THE COMPENSATION OF THE EXECUTIVE DIRECTOR OF THE AMERICARES FREE CLINICS, INC. ANNUALLY, AN ACROSS-THE-BOARD INCREASE IS PROVIDED. UTILIZATION OF PERFORMANCE EVALUATION, AVAILABLE MARKET DATA, SALARY SURVEY RESULTS, AND OTHER AVAILABLE TOOLS ARE USED TO SUBSTANTIATE ANY COMPENSATION DECISIONS BEYOND THE ORGANIZATION'S ANNUAL STANDARD. FORM 990, PART VI, SECTION C, LINE 19 THE TAXPAYER MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC BY RETAINING A COPY AT ITS PLACE OF BUSINESS AND BY POSTING IT ON THE AMERICARES FOUNDATION, INC. WEBSITE, WWW.AMERICARES.ORG, AND THE AMERICARES FREE CLINIC, INC. WEBSITE AMERICARESFREECLINIC.ORG. THE FORM 990 IS LIKEWISE PUBLISHED ON THE INTERNET AT WWW.GUIDESTAR.ORG. THE ORGANIZATION'S FINANCIAL ACTIVITIES ARE PRESENTED IN THE CONSOLIDATED FINANCIAL STATEMENTS OF ITS PARENT ORGANIZATION, AMERICARES FOUNDATION, INC. AND ARE SUMMARIZED IN THE ANNUAL REPORT, WHICH IS AVAILABLE ON THE AMERICARES FOUNDATION, INC. WEBSITE. GOVERNING DOCUMENTS ARE NOT ORDINARILY MADE AVAILABLE TO THE PUBLIC. BUT IF REQUESTED, WILL BE PROVIDED AT MANAGEMENT'S DISCRETION. FORM 990, PART IX, PROGRAM EXPENSES AMERICARES FREE CLINICS IS TREATING ALL EXPENDITURES INCURRED AS PROGRAMMATIC EXPENDITURES AS IT RELIES UPON THE FINANCIAL SUPPORT OF ITS PARENT ORGANIZATION, THE AMERICARES FOUNDATION. ALL ADMINISTRATIVE EXPENSES ARE INCURRED AND REPORTED ON THE FORM 990 OF AMERICARES FOUNDATION, LEAVING THE AMERICARES FREE CLINICS FREE TO FOCUS ON DELIVERING QUALITY HEALTHCARE OUTCOMES IN THE COMMUNITIES IT SERVICES. SEE ADDITIONAL DESCRIPTIONS OF THE CLINICS PROGRAMMATIC ACTIVITIES AS REPORTED IN FORM 990, PART III. FORM 990, PART XI, LINE 9: NET ASSETS RELEASED FROM RESTRICTION -84,500. AMERICARES FOUNDATION INC 88 HAMILTON AVENUE STAMFORD CT 06902 061008595 INTL RELIEF CT 501(C)(3) LINE 7 N/A 0 AMERICARES FOUNDATION TANZANIA EKACLIFF BUILD 2ND FL ISAMILO PL BLOCK D BALEW TZ RELIEF/AID TZ 501(C)(3) AMERICARES 0 AMERICARES LIMITED 4 HENDERSON STREET DEVELOPMENT HOU R BLANTYRE MI RELIEF/AID MI 501(C)(3) AMERICARES 0 0 0 1 0 1 0 0 0 0 0 0 0 1 1 1 1 0 0 0 AMERICARES FOUNDATION INC C 2590000 CASH AMERICARES FOUNDATION INC C 2114181 FMV (GOODS) AMERICARES FOUNDATION INC P 344901 COST AMERICARES FOUNDATION INC E 300000 LOAN GUARANTEE