Calvert Hospice Inc
- Assets
- $6.2m
- Revenue
- $3.4m
- Investments
- $28.5k
- Employees
- 47
- Location
- Prince Frederick, MD
- Founding
- 03/1984
- Data as of
- 12/2022
- EIN
- 52-1329515
Organization Overview
Calvert Hospice Inc is located in Prince Frederick, MD. The organization was established in 1984. According to its NTEE Classification (P74) the organization is classified as: Hospices, under the broad grouping of Human Services and related organizations. As of 12/2022, Calvert Hospice Inc employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Calvert Hospice Inc 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 12/2022, Calvert Hospice Inc generated $3.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $3.9m during the year ending 12/2022. While expenses have increased by 2.7% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE QUALITY OF LIFE FOR THOSE IN OUR COMMUNITIES EXPERIENCING ADVANCED ILLNESS OR BEREAVEMENT THROUGH HOSPICE AND OTHER SERVICES, COMPASSIONATE SUPPORT AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLINICAL SERVICES - PROVIDES MEDICAL CARE TO TERMINALLY ILL PATIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Gibbons Chair | OfficerTrustee | 2 | $0 |
Nancy Smit Vice Chair | OfficerTrustee | 2 | $0 |
Michael Destefano Treasurer | OfficerTrustee | 2 | $0 |
Joyce R Philip Secretary | OfficerTrustee | 2 | $0 |
James Wilburn Director | Trustee | 2 | $0 |
Charles Bagley IV Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $81,869 |
| Related organizations | $0 |
| Government grants | $20,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $363,770 |
| Noncash contributions included in lines 1a–1f | $122,900 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $465,639 |
| Total Program Service Revenue | $2,800,343 |
| Investment income | $88,986 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $87,996 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,442,964 |
| 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. | $177,296 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,961,795 |
| Pension plan accruals and contributions | $40,259 |
| Other employee benefits | $96,796 |
| Payroll taxes | $163,231 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,722 |
| Fees for services: Accounting | $24,170 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $36,500 |
| Fees for services: Other | $198,451 |
| Advertising and promotion | $12,474 |
| Office expenses | $290,741 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $95,063 |
| Travel | $60,491 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,167 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $93,722 |
| Insurance | $39,594 |
| All other expenses | $75,700 |
| Total functional expenses | $3,858,653 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $599,874 |
| Savings and temporary cash investments | $1,291,373 |
| Pledges and grants receivable | $3,622 |
| Accounts receivable, net | $787,178 |
| 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 | $21,112 |
| Net Land, buildings, and equipment | $2,025,595 |
| Investments—publicly traded securities | $1,393,452 |
| Investments—other securities | $28,474 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,100 |
| Total assets | $6,164,780 |
| Accounts payable and accrued expenses | $225,925 |
| 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 | $943,673 |
| Total liabilities | $1,169,598 |
| Net assets without donor restrictions | $4,623,451 |
| Net assets with donor restrictions | $371,731 |
| 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 | $6,164,780 |