Agrace Hospicecare Holdings Incorporated
- Assets
- $26.1m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Fitchburg, WI
- Founding
- 10/2002
- Data as of
- 12/2023
- EIN
- 30-0001715
Organization Overview
Agrace Hospicecare Holdings Incorporated is located in Fitchburg, WI. The organization was established in 2002. According to its NTEE Classification (P74) the organization is classified as: Hospices, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Agrace Hospicecare Holdings 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 Holdings Incorporated generated $2.8m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2023. 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
AGRACE HOSPICECARE HOLDINGS, INC.'S (HOLDINGS) MISSION IS "PROVIDING PERSONALIZED CARE AND SUPPORT, WHERE AND WHEN YOU NEED IT, FOR LIFE'S CHANGING HEALTH NEEDS." HOLDINGS IS OPERATED EXCLUSIVELY FOR THE SUPPORT AND BENEFIT OF AGRACE HOSPICECARE, INC., A RELATED TAX-EXEMPT ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF CAPITAL ASSETS: AGRACE HOLDINGS SUPPORTS AGRACE HOSPICECARE BY PROVIDING THE STRATEGIC AND OPERATIONAL CAPITAL ASSETS NECESSARY FOR AGRACE TO BEST SERVE PATIENTS AND THEIR FAMILIES NOW AND INTO THE FUTURE. THE LARGEST CAPITAL ASSETS OF AGRACE HOLDINGS ARE THE BUILDINGS. THE ELLEN & PETER JOHNSON HOSPICECARE RESIDENCE, THE DON & MARILYN ANDERSON HOSPICECARE CENTER, AND AGRACE CENTER FOR HOSPICE & PALLIATIVE CARE JANESVILLE CAMPUS WERE GENEROUS GIFTS FUNDED ENTIRELY BY THE COMMUNITY. AGRACE HOLDINGS HAS A RESPONSIBILITY TO KEEP THESE BUILDINGS IN THEIR ORIGINAL STATE FOR THE USE OF PATIENTS AND FAMILIES IN PERPETUITY. MAJOR CAPITAL PROJECTS IN 2023 INCLUDED COMPUTER EQUIPMENT, AND BUILDING IMPROVEMENTS RELATED TO IMPROVING SAFETY, IMPROVING QUALITY OF CARE, REDUCING RISK AND AIDING IN RECOVERY OF CRITICAL SYSTEMS. SEVERAL HOLDINGS ACTIVITIES TOOK PLACE IN 2023 RELATED TO AGRACE'S CARBON NEUTRAL INITIATIVE. RETROCOMMISSIONING ACTIVITIES WERE COMPLETED, THE HOME MEDICAL EQUIPMENT (HME) SERVICE GOT ITS FIRST 100% ELECTRIC VAN AND JANESVILLE SOLAR INSTALLATION WAS COMPLETED. MADISON SOLAR PRE-INSTALLATION ACTIVITIES TOOK PLACE AS WELL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Past Chair - Beginning 4/2023; Chair - Until 3/2023 | OfficerTrustee | 1 | $0 |
Name Not Listed Vice Chair - Beginning 4/2023; Treasurer - Until 3/2023 | OfficerTrustee | 1 | $0 |
Name Not Listed Vice Chair - Until 3/2023 / Director | OfficerTrustee | 1 | $0 |
Name Not Listed Treasurer - Beginning 4/2023 | OfficerTrustee | 1 | $0 |
Name Not Listed Chair - Beginning 4/2023; Secretary - Until 3/2023 | OfficerTrustee | 1 | $0 |
Name Not Listed President / CEO | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Next Energy Llc Installation Of Solar Panels | 12/30/23 | $616,625 |
Avondale Roofing Roofing Company | 12/30/23 | $426,745 |
Creative Business Interiors Inc Office Remodel And Furniture | 12/30/23 | $243,048 |
Agrace Hospicecare Inc Administrative Services | 12/30/23 | $191,751 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $925 |
| Noncash contributions included in lines 1a–1f | $925 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $925 |
| Total Program Service Revenue | $2,816,528 |
| Investment income | $10,657 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $19,715 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,847,825 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,596 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $191,751 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $31,421 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,565,111 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,835,632 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,617,286 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $3,810 |
| Net Land, buildings, and equipment | $23,422,989 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,053,284 |
| Total assets | $26,097,369 |
| Accounts payable and accrued expenses | $120,996 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $450,702 |
| Total liabilities | $571,698 |
| Net assets without donor restrictions | $25,525,671 |
| Net assets with donor restrictions | $0 |
| 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 | $26,097,369 |