Agrace Hospicecare Foundation Incorporated is located in Fitchburg, WI. The organization was established in 2014. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2023, Agrace Hospicecare Foundation Incorporated employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Agrace Hospicecare Foundation Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Agrace Hospicecare Foundation Incorporated generated $16.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $4.8m during the year ending 12/2023. While expenses have increased by 0.5% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE AGRACE HOSPICECARE FOUNDATION, INC.'S MISSION IS TO DEVELOP, STEWARD AND DISTRIBUTE CHARITABLE GIFTS FROM THE COMMUNITY (CONTINUED ON SCHEDULE O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESPITE CARE: PROVIDING END-OF-LIFE CARE FOR A FAMILY MEMBER OR FRIEND CAN LEAVE CAREGIVERS FATIGUED AND STRESSED. TO GIVE THEM A BREAK OF UP TO FIVE DAYS, AGRACE OFFERS RESPITE CARE FOR HOSPICE PATIENTS. COMMUNITY GIFTS SUPPLEMENT INSURANCE REIMBURSEMENTS, WHICH COVER APPROXIMATELY 55 PERCENT OF THE TOTAL COST OF RESPITE CARE. WISH PROGRAM: THE WISH PROGRAM HELPS OUR HOSPICE PATIENTS ACHIEVE THEIR END-OF-LIFE GOALS. A WISH CAN BE SOMETHING A PATIENT COULD NOT ATTAIN DURING THEIR LIFE, SOMETHING THEY CANNOT AFFORD OR SIMPLY A FINAL DESIRE. AGRACE HAS GRANTED MORE THAN 210 PATIENT WISHES SINCE 2010. CLINICAL EDUCATION & TRAINING: IT TAKES A SPECIAL COMMITMENT TO WORK WITH PATIENTS WHO ARE SERIOUSLY ILL OR DYING. COMMUNITY DONATIONS ALLOW AGRACE TO FUND STAFF EDUCATIONAL OPPORTUNITIES AND PROFESSIONAL DEVELOPMENT PROGRAMS, WHICH INCREASE STAFF COMPETENCE AND RETENTION. COMMUNITY DONATIONS ALSO PROVIDE SUPPORT FOR EDUCATION AND SCHOLARSHIPS FOR OUR CNAS. THESE AWARDS ENABLE EMPLOYEES TO ADVANCE IN THEIR CURRENT ROLE OR COMPLETE EDUCATION TO BECOME AN LPN OR RN. VOLUNTEER TRAINING & APPRECIATION: AGRACE'S VOLUNTEERS SERVE IN A VARIETY OF ROLES, INCLUDING DIRECT SERVICE TO PATIENTS AND FAMILIES. PALLIATIVE MEDICINE FELLOWSHIP: AGRACE IS COMMITTED TO DEVELOPING TOP-NOTCH PALLIATIVE CARE PROVIDERS IN OUR COMMUNITY. COMMUNITY GIFTS SUPPORT THE HOSPICE AND PALLIATIVE MEDICINE FELLOWSHIP, A PARTNERSHIP WITH THE UW AND VETERANS HOSPITALS; THIS PROGRAM OFFERS PALLIATIVE-CARE ROTATIONS AND CONTINUING EDUCATION OPPORTUNITIES FOR PHYSICIANS IN TRAINING. PATIENT ASSISTANCE FUND: GRANTS USED TO ASSIST PATIENTS AND FAMILIES BY IMPROVING QUALITY OF LIFE AND FULFILLING END-OF-LIFE GOALS. EXAMPLES INCLUDE BUYING A BURIAL DRESS OR PROVIDING A BIRTHDAY CAKE. DIVERSITY: FUNDS ARE USED TO SUPPORT AGRACE'S DIVERSITY, EQUITY AND INCLUSION PROGRAM. THE WORK OF THIS PROGRAM HELPS AGRACE TO GROW A MORE DIVERSE AND INCLUSIVE PATIENT POPULATION, VOLUNTEER SUPPORT TEAM AND EMPLOYEE BASE, REFLECTING THE COMMUNITIES WE SERVE. START-UP COSTS: SUPPORT FOR AGRACE TO START-UP NEW PROGRAMS TO SERVE THE COMMUNITY. IN 2023 AGRACE HOSPICECARE FOUNDATION PROVIDED SUPPORT FOR AGRACE TO START-UP THE AGRACE ADULT DAY CENTER.
CARE FOR ALL (CHARITY CARE): EACH YEAR, DOZENS OF OUR NEIGHBORS WHO CANNOT AFFORD HOSPICE, PALLIATIVE CARE, AGE AT HOME OR THE ADULT DAY CENTER RECEIVE SERVICES AT NO COST THROUGH AGRACE'S "CARE FOR ALL" PROGRAM, FUNDED BY THE CARE FOR ALL ENDOWMENT. THROUGH THE CARE FOR ALL PROGRAM, WE SERVE SOME OF OUR MOST VULNERABLE COMMUNITY MEMBERS-CHILDREN AND YOUNG ADULTS WITH NO INSURANCE, SENIORS WITHOUT CAREGIVERS, INDIVIDUALS LACKING SAFE HOUSING, AND THOSE WITH SPECIAL NEEDS. WHILE MEDICARE, MEDICAID, AND PRIVATE HEALTH INSURANCE COVER THE COST OF BASIC HOSPICE SERVICES FOR MOST PATIENTS, AN INCREASING NUMBER OF PEOPLE IN SOUTHERN WISCONSIN DO NOT HAVE ENOUGH INSURANCE COVERAGE FOR HOSPICE WHEN THEY NEED IT. SINCE 2015, AGRACE'S CARE FOR ALL PROGRAM HAS FUNDED CARE FOR OVER 500 PATIENTS, 84 OF THEM WERE SERVED IN 2023 ALONE.
COMMUNITY GRIEF SERVICES: EVERY YEAR, THOUSANDS OF PEOPLE, INCLUDING CHILDREN GET SUPPORT FROM AGRACE'S SPIRITUAL & GRIEF SERVICES TO HELP THEM COPE WITH THE DEATH OF A LOVED ONE. ALTHOUGH GRIEF SUPPORT IS REQUIRED BY STATE AND FEDERAL REGULATIONS, IT IS NOT COVERED BY MEDICARE, MEDICAID, OR PRIVATE INSURANCE. COMMUNITY DONATIONS ENABLE US TO OFFER SPECIALIZED GRIEF SUPPORT THAT IS OPEN TO EVERYONE. THE FOUNDATION ALSO SUPPORTS AGRACE'S FREE-STANDING GRIEF SUPPORT CENTER THAT HAS ALLOWED US TO EXPAND OUR PROGRAM AND SERVE MANY MORE PEOPLE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Name Not Listed Secretary - Until 3/2023 | OfficerTrustee | 1 | $0 |
Name Not Listed Treasurer - Until 3/2023 | OfficerTrustee | 1 | $0 |
Name Not Listed Chair - Until 3/2023 | OfficerTrustee | 1 | $0 |
Name Not Listed President / CEO | OfficerTrustee | 5 | $0 |
Name Not Listed Chair - Beginning 4/2023; Vice Chair - Until 3/2023 | OfficerTrustee | 1 | $0 |
Name Not Listed Secretary & Treasurer - Beginning 4/2023 | OfficerTrustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $240,811 |
Related organizations | $6,050,000 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $3,370,478 |
Noncash contributions included in lines 1a–1f | $243,231 |
Total Revenue from Contributions, Gifts, Grants & Similar | $9,661,289 |
Total Program Service Revenue | $0 |
Investment income | $1,135,181 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $5,591,295 |
Net Income from Fundraising Events | $17,280 |
Net Income from Gaming Activities | $768 |
Net Income from Sales of Inventory | $394,676 |
Miscellaneous Revenue | $0 |
Total Revenue | $16,800,489 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $3,331,204 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $920,984 |
Pension plan accruals and contributions | $23,480 |
Other employee benefits | $126,242 |
Payroll taxes | $63,331 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $32,518 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $183,259 |
Fees for services: Other | $13,953 |
Advertising and promotion | $56,121 |
Office expenses | $24,674 |
Information technology | $22,652 |
Royalties | $0 |
Occupancy | $0 |
Travel | $12,619 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $2,449 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $4,820,112 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $582,105 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $4,389,528 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $91,636 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $82,383,052 |
Investments—other securities | $5,494,714 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $2,987,596 |
Total assets | $95,928,631 |
Accounts payable and accrued expenses | $78,707 |
Grants payable | $0 |
Deferred revenue | $8,500 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $3,405,232 |
Total liabilities | $3,492,439 |
Net assets without donor restrictions | $76,474,428 |
Net assets with donor restrictions | $15,961,764 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $95,928,631 |
Over the last fiscal year, Agrace Hospicecare Foundation Incorporated has awarded $2,556,199 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
AGRACE HOSPICECARE INC PURPOSE: To provide financial support to Agrace Hospicecare, Inc. | $2,264,907 |
AGRACE HOSPICECARE HOLDINGS INC PURPOSE: To provide capital contribution towards Agrace Hospicecare, Inc. project. | $291,292 |