Civic Intelligence

The Hap Foundation Inc (Fka Journeycare Foundation)

990 • Fiscal year 2023 • EIN 36-3820916

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 15, 2024

18W140 Butterfield Road 1120Oakbrook Terrace, IL 60181

(312) 741-1283

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

38th percentile

0.06x

Higher debt load relative to assets than 38% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

51st percentile

0.18x

Higher debt load relative to revenue than 51% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

4th percentile

-89%

Higher net margin than 4% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

91st percentile

$353,943

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 19.9% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

4th percentile

-21%

Faster asset growth than 4% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

95th percentile

175%

Faster revenue growth than 95% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Assets

Down

$5,380,395

Down $1,400,446 (-21%) from 2022

Net Assets

Down

$5,051,386

Down $1,460,830 (-22%) from 2022

Liabilities

Up

$329,009

Up $60,384 (+22%) from 2022

Revenue

Up

$1,779,297

Up $1,131,978 (+175%) from 2022

Expenses

Down

$3,354,385

Down $9,662,518 (-74%) from 2022

Net Income

Up

-$1,575,088

Up $10,794,496 (+87%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2011: $11,256,757Liabilities 2011: $369,979Net Assets 2011: $10,886,7782011Assets 2013: $12,961,261Liabilities 2013: $410,943Net Assets 2013: $12,550,3182013Assets 2014: $13,696,918Liabilities 2014: $268,968Net Assets 2014: $13,427,9502014Assets 2015: $19,852,196Liabilities 2015: $1,266,413Net Assets 2015: $18,585,7832015Assets 2016: $21,087,759Liabilities 2016: $2,873,580Net Assets 2016: $18,214,1792016Assets 2017: $19,995,886Liabilities 2017: $2,861,196Net Assets 2017: $17,134,6902017Assets 2018: $20,040,967Liabilities 2018: $3,121,037Net Assets 2018: $16,919,9302018Assets 2019: $20,274,088Liabilities 2019: $1,375,387Net Assets 2019: $18,898,7012019Assets 2020: $19,636,726Liabilities 2020: $92,450Net Assets 2020: $19,544,2762020Assets 2021: $18,979,563Liabilities 2021: $56,133Net Assets 2021: $18,923,4302021Assets 2022: $6,780,841Liabilities 2022: $268,625Net Assets 2022: $6,512,2162022Assets 2023: $5,380,395Liabilities 2023: $329,009Net Assets 2023: $5,051,3862023Assets 2024: $4,579,907Liabilities 2024: $456,061Net Assets 2024: $4,123,8462024

Highlighted filing

2023

Assets$5,380,395
Liabilities$329,009
Net Assets$5,051,386

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$10M$0-$10M-$20MExpenses 2011: $3,273,1472011Revenue 2013: $3,495,296Expenses 2013: $1,777,023Net Income 2013: $1,718,2732013Revenue 2014: $4,395,228Expenses 2014: $1,818,050Net Income 2014: $2,577,1782014Revenue 2015: $5,720,091Expenses 2015: $4,084,041Net Income 2015: $1,636,0502015Revenue 2016: $4,734,602Expenses 2016: $5,109,838Net Income 2016: -$375,2362016Revenue 2017: $4,471,992Expenses 2017: $6,702,430Net Income 2017: -$2,230,4382017Revenue 2018: $5,369,851Expenses 2018: $4,739,999Net Income 2018: $629,8522018Revenue 2019: $6,886,353Expenses 2019: $4,243,095Net Income 2019: $2,643,2582019Revenue 2020: $3,413,949Expenses 2020: $2,926,407Net Income 2020: $487,5422020Revenue 2021: $2,129,468Expenses 2021: $2,925,395Net Income 2021: -$795,9272021Revenue 2022: $647,319Expenses 2022: $13,016,903Net Income 2022: -$12,369,5842022Revenue 2023: $1,779,297Expenses 2023: $3,354,385Net Income 2023: -$1,575,0882023Revenue 2024: $2,967,786Expenses 2024: $4,090,733Net Income 2024: -$1,122,9472024

Highlighted filing

2023

Revenue$1,779,297
Expenses$3,354,385
Net Income-$1,575,088
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 15, 2024
Return Version
2023v5.1
Gross Receipts
$1,841,896
Mission and Program Overview

Mission

The JourneyCare Foundation's mission is to build lasting relationships to secure resources to sustain and advance the mission of JourneyCare, Inc. The agency's mission is to enrich lives through expert and compassionate care.

The MISSION OF THE HAP FOUNDATION IS IMPROVING CARE FOR THE SERIOUSLY ILL AND THEIR FAMILIES BY LEADING THE WAY WITH RESEARCH AND (CONTINUED ON SCHEDULE O)

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,735,629$2,388,695▲ $653,066
Cash and Non-Interest-Bearing Accounts$4,509,391$2,204,530▼ $2,304,861
Accounts Receivable$22,963$247,015▲ $224,052
Land, Buildings, and Equipment, Net$54,163$40,779▼ $13,384
Pledges and Grants Receivable$60,000$38,949▼ $21,051
Prepaid Expenses and Deferred Charges$44,907$30,997▼ $13,910
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$6,780,841$5,380,395▼ $1,400,446
Other Assets Total$353,788$429,430▲ $75,642
Liabilities
Accounts Payable and Accrued Expenses$176,234$226,774▲ $50,540
Other Liabilities$92,391$102,235▲ $9,844
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$268,625$329,009▲ $60,384
Net Assets / Fund Balance
Net Assets With Donor Restrictions$4,080,312$3,376,591▼ $703,721
Net Assets Without Donor Restrictions$2,431,904$1,674,795▼ $757,109
Total Net Assets Fund Balance$6,512,216$5,051,386▼ $1,460,830
Total Liabilities and Net Assets / Fund Balance$6,780,841$5,380,395▼ $1,400,446

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$40,779$43,285$84,064
Other Assets Org$15,230--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$1,293,559$14,198▼ $283,466-$1,024,291
2022$1,551,918-▼ $258,359-$1,293,559
2021$1,327,274-▲ $224,644-$1,551,918
2020$1,156,324-▲ $170,950-$1,327,274
2019$3,909,757$-2,832,226▲ $100,277$21,484$1,156,324
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joseph P MattyPresidentFT$309,810$44,133$353,943
Sara K DadoExec. Director of Palliative Prog.FT$166,856$37,319$204,175
Rachael J TelleenExec. Director, Community Ed.FT$131,722$24,593$156,315
Noelle A MooreVP Strategy and ImplementationFT$144,367$7,899$152,266
Christine A Post-DuncanSr. Exec. Director of FinanceFT$123,952$14,967$138,919

Highest Paid Contractors

ContractorServicesLocationCompensation
McAllister Quinn LLCConsulting1625 Eye St NW, Washington, DC 20006$123,187
Robert YadgirConsulting18W140 BUTTERFIELD ROAD 1120, Oakbrook Terrace, IL 60181$120,000
Revenue and Support

Revenue Composition

Contributions and Grants
$1,564,904
Program Service Revenue
$0
Investment Income
$102,255
Other Revenue
$112,138
All Other Contributions
$1,501,876
Change in Net Assets
$-1,575,088

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,773,020
Revenue Not Reported on Financial Statements
$6,277
Revenue Not Reported on Form 990
$270,950
Total Revenue per Audited Statements
$2,043,970
Total Revenue per Form 990
$1,779,297
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,432,880
Other Expenses$921,505
Total Fundraising Expense$683,072
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$854,643$327,173$255,042$1,436,858
Current Officers, Directors, Trustees, and Key Employees$337,196$129,085$100,626$566,907
Fees for Services Other$98,252$34,818$150,329$283,399
Other Employee Benefits$111,875$65,514$33,386$210,775
Information Technology$61,230$76,182$17,466$154,878
Payroll Taxes$80,942$30,986$24,155$136,083
Office Expenses$50,818$26,696$15,083$92,597
Pension Plan Contributions$48,926$18,730$14,601$82,257
Conferences and Meetings$47,180$9,120$13,606$69,906
Advertising$30,452$11,075$8,633$50,160
Fees for Services Accounting-$31,604-$31,604
Depreciation Depletion$13,296$5,090$3,968$22,354
Fees for Services Legal-$17,690-$17,690
Insurance$7,807$2,989$2,330$13,126
Other Expenses$8,135$359$43,847$8,135
Fees for Service Investment Mgmnt Fees-$6,277-$6,277
Total Functional Expenses$1,877,925$793,388$683,072$3,354,385

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,410,707
Total Expenses per Form 990$3,354,385
Expenses per Audited Statements$3,348,108
Expenses Not Reported on Form 990$62,599
Expenses Not Reported on Financial Statements$6,277
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$83,659
Fundraising Direct Expenses$62,599
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Butterfly Run$59,025$37,822$15,154$22,668
Herritage Event$51,456$10,331$5,128$5,203
Total Events$146,687$83,659$62,599$21,060
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liabilities - Current$40,861
Lease Liabilities - Long Term$27,785
Charitable Gift Annuity Liability$22,918
Salaries & Taxes Payable$10,671
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B - Reviewing of Form 990 by Governing Body

The president of the organization will review the form 990 prior to filing.

Form 990, Part VI, Line 12C - Conflict of Interest Policy

The organization has a written conflict of interest policy which requires employees and board members to sign a conflict of interest agreement and disclosure statement upon employment or appointment, and update the statement annually. Disclosure of a potential conflict will be reviewed by the Sr. Director of Constituent Relations & HR. If a member of the governing board notes a potential conflict of interest, the Board will render a decision of that member's eligibility to be part of voting, if applicable, and that decision will be documented in the minutes of the meeting.

Form 990, Part VI, Line 15A - Establishing Compensation of Top Management

The HAP Foundation has the following process to determine the President's compensation: The executive committee of the Board of Trustees is comprised of independent persons and is delegated the responsibility for reviewing and documenting the compensation of the organization's top management official (President). The executive committee will review industry information including comparability data for other non-profits in the healthcare sector. The executive committee will engage an independent third-party consultant to assist with this process every few years as needed.

Form 990, Part VI, Line 15B - Establishing Compensation of Other Officers

The process used to determine the compensation of other officers is the same process used as the part VI, Line 15A explanation; however, the President has final approval and authority. The process is done on an annual basis.

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.

Filing and Contact Details

Filer

Filer Name
The Hap Foundation Inc
EIN
36-3820916
In Care Of
% JOSEPH MATTY
Phone
3127411283
Address
18W140 Butterfield Road 1120, Oakbrook Terrace, IL 60181

Signing Officer

Name
Joseph Matty
Title
President
Phone
3127411283
Signed
2024-10-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Matty
Formed
1992
Legal Domicile
Il
Voting Board Members
20
Independent Board Members
20
Employees
26
Volunteers
20

Preparer

Firm
Miller Cooper & Co Ltd
Address
1751 Lake Cook Road Suite 400, Deerfield, IL 60015
Preparer
Steven R Glover
Phone
8472055000
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

Advocacy, and increasing access to care with edcuation and work force development to ensure families and their community have the care they need.

Form 990, Part III, Line 4D - Description of Other Program Services

All other - these grants were made in support of various other activities in support of the mission of the HAP Foundation, including those designated by donors of the Foundation.

Form 990, Part III, Line 4D - Description of other program services

Institute and Fellowships - Supports educational activities, including palliative medicine education, training and fellowships provided in collaboration with teaching hospitals.

Form 990, Part III, Line 4D - Description of Other Program Services

Pediatric palliative care and grief support - provides support for families of seriously ill children by connecting them to resources to access care and grief support. This program also provides clinical education surrounding pediatric palliative care and bereavement. These funds were also used to assist in our children's camps and to provide support for children who have experienced the loss of a loved one.

Form 990, Part III, Line 4D - Description of other program services

Research - HAP is committed to strengthening evidence-based research around serious illness to improve care, support advocacy efforts and increase access to care for all people. We seek to contribute to the body of literature that creates change with a focus on advocacy, workforce development, education and access.

Financial Statement Notes

Schedule D, Part XI, Line 2D

Direct fundraising expenses $62,599.

Schedule D, Part XII, Line 2D

Direct fundraising expenses $62,599.

Schedule D, Part V - Intended Uses of Endowment Funds

Endowment funds are used to support the overall mission of the hap foundation, tax exempt organization.

Schedule D, Part X, Line 2- Fin 48 (asc 740) Footnote

The organization is exempt from federal income taxes on related income under section 501(a) as an entity described under section 501(c)(3) of the internal revenue code and corresponding state tax law. Accordingly, no provision has been made for federal or state income taxes. Additionally, the hap foundation has been determined not to be a private foundation under section 509(a) of the internal revenue code. 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. Due to its tax-exempt status, the organization is not subject to u.s. Federal income tax or state income tax. The organization's form 990 has not been subject to examination by the internal revenue service or the state of illinois for the last three years. The organization does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. The organization recognizes interest and/or penalties related to income tax matters in income tax expense. The organization did not have any amounts accured for interest and penalties at december 31, 2023 or 2022.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2Exec. Director, Community Ed.
IRS990/Form990PartVIISectionAGrp/TitleTxt3VP Strategy and Implementation
IRS990/Form990PartVIISectionAGrp/TitleTxt4Sr. Exec. Director of Finance
IRS990/Form990PartVIISectionAGrp/TitleTxt5Chair
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IRS990/MissionDesc0THE MISSION OF THE HAP FOUNDATION IS IMPROVING CARE FOR THE SERIOUSLY ILL AND THEIR FAMILIES BY LEADING THE WAY WITH RESEARCH AND ADVOCACY, AND INCREASING ACCESS TO CARE WITH EDUCATION AND WORK FORCE DEVELOPMENT TO ENSURE FAMILIES AND THEIR COMMUNITY HAVE THE CARE THEY NEED.
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