THE HARTFORD DISPENSARY ENDOWMENT CORPORATION Charity Report

Tax-exempt status may be revoked

THE HARTFORD DISPENSARY ENDOWMENT CORPORATION

EIN 22-2948682 · Fund Raising Organizations That Cross Categories

What they do

to SUPPORT THE HARTFORD DISPENSARY HEALTH CARE SYSTEM and to SUPPORT OTHER COMMUNITY ACTIVITIES and INITIATIVES THAT ARE IN LINE WITH ITS MISSION. THE HARTFORD DISPENSARY ENDOWMENT CORPORATIONS BOARD of DIRECTORS is COGNIZANT THAT THE HARTFORD DISPENSARY HEALTH CARE SYSTEM and OTHER AGENCIES ARE SUBJECT to SIGNIFICANT UNCERTAINTY IN THE FUTURE of THE METHODS, AMOUNTS and ADEQUACY of THE REIMBURSEMENT for THE SERVICES IT PROVIDES to THE COMMUNITY. MOST of THE HEALTH CARE SYSTEMS REVENUES ARE DEPENDENT UPON STATE FUNDING. THE DISPENSARY HAD EXPERIENCED GREAT CHANGES IN THE FUNDING IN RECENT YEARS. THE BOARD HAS AN OBJECTIVE to BUILD ITS ENDOWMENT to ENABLE THE HARTFORD DISPENSARY HEALTH CARE SYSTEM to ENDURE THE LOSS or REDUCTION IN FUNDING, WHILE CONTINUING ITS VITAL PROGRAMS for A PERIOD of TIME. THE BOARD ALSO HAS THE OBJECTIVE to PROVIDE THE HEALTH CARE SYSTEM WITH WORKING CAPITAL SUFFICIENT to FUND CAPITAL PROJECTS SHOULD OUTSIDE FUNDING NOT BE AVAILABLE.

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Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2016The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders6 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

37.25%of revenue went to mission work58.7% of expenses · Program services

$63.46spent for every $100 of revenueRevenue covered expenses this year.

26.21%of revenue went to management and office costs41.3% of expenses

$107.85in assets for every $1 spent this yearSome assets cannot be spent right away.

4.2%of its money came from giftsOther money may come from services or investments.

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Pay context: The highest compensation shown in this filing is $44,130 for PAUL MCLAUGHLIN (EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

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Money

Financial picture

Tax year 2016

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$579,269

Mission workProgram services$215,79637.25% of revenue58.7% of expenses

ManagementOffice and general costs$151,81826.21% of revenue41.3% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$211,65536.54% of revenueShown in gray on the chart

Total expenses$367,61463.46% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2016CurrentExpense mix: 58.7% mission · 41.3% management · 0.0% fundraisingTotal expenses: 63.46% of revenue

2015Expense mix: 24.5% mission · 75.5% management · 0.0% fundraisingRevenue comparison unavailable

Money in and money out

Revenue$579,269

Expenses$367,614

Annual surplus $211,655 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$215,796 · 58.7% of expenses

Management and office costs$151,818 · 41.3% of expenses

See all reported dollar amounts

Revenue$579,269

Expenses$367,614

Assets$39,647,398

Income$3,045,574

Contributions$24,077

Mission work (program services)$215,796

Management and general$151,818

Stocks and bonds$38,601,867

Accounting fees$1,850

Investing fees$142,033

People

Leadership and board

Tax year 2016

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

PAUL MCLAUGHLINEXECUTIVE DIRECTOR · 2 hrs/week $44,130Base · Other $44,130

DARCIE BOIANOSECRETARY · 2 hrs/week $11,718Base · Other $11,718

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (6)

PAUL MCLAUGHLINEXECUTIVE DIRECTOR

DARCIE BOIANOSECRETARY

BRUCE SIMONSDIRECTOR

ELLIOTT B POLLACKDIRECTOR

ERIC M ZACHSCHAIRMAN/DIRECTOR

STEVEN ZUCKERMANPRESIDENT/CEO

About this charity

Location: 335 BROAD STREET, MANCHESTER, CT 06040
County: Hartford
In care of: STEVEN ZUCKERMAN
Primary officer: STEVEN ZUCKERMAN, PRESIDENT/CEO

How to reach them

Phone(860) 643-3200

Filing and classification

Latest tax year: 2016
Tax period began: July 1, 2016
Return type: 990
Tax preparer: COHNREZNICK LLP
IRS tax category: Fund Raising Organizations That Cross Categories
Revocation date: November 15, 2021