Gary And Mary West Health Endowment Inc is located in Wilmington, DE. The organization was established in 2011. According to its NTEE Classification (H11) the organization is classified as: Single Organization Support, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gary And Mary West Health Endowment Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE GARY AND MARY WEST HEALTH ENDOWMENT, INC. IS A SUPPORTING ORGANIZATION ESTABLISHED IN 2010 WITH THE MISSION OF PROVIDING FINANCIAL AND OTHER SUPPORT TO THE GARY AND MARY WEST HEALTH INSTITUTE AND POTENTIALLY OTHER SIMILAR AFFILIATED PUBLIC CHARITIES.
Describe the Organization's Program Activity:
THE GARY AND MARY WEST HEALTH ENDOWMENT, INC. WAS ESTABLISHED TO SUPPORT THE GARY AND MARY WEST HEALTH INSTITUTE, A MEDICAL RESEARCH ORGANIZATION WITH THE MISSION OF LOWERING THE COST OF HEALTHCARE AND ENABLING SENIORS TO SUCCESSFULLY AGE IN PLACE, WITH ACCESS TO HIGH QUALITY, AFFORDABLE HEALTH AND SUPPORT SERVICES THAT PRESERVE AND PROTECT THEIR DIGNITY, QUALITY OF LIFE AND INDEPENDENCE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Shelley M Lyford Chair/sec/co-Mgr (pres. Thru 9/22) | 10 | $35,000 | |
Timothy Lash Pres/director (beg 10/22); Co-Mgr | 5 | $35,000 | |
Sally Hallak Treasurer/director | 10 | $0 | |
Charles Sederstrom Director (thru 10/22) | 1 | $0 | |
Thomas Culhane Director (thru 10/22) | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
The Northern Trust Company | 12/5/22 | $342,100 |
Gary And Mary West Management Company Inc | 12/5/22 | $96,056 |
Deloitte Tax Llp | 12/5/22 | $55,919 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $0 |
Dividends & Interest | $2,479,244 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | -$5,164,660 |
Capital Gain Net Income | $0 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $1,694,938 |
Total Revenue | -$990,478 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $70,000 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $40,545 |
Taxes | $1,100 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $150,538 |
Total operating and administrative expenses | $896,147 |
Contributions, gifts, grants paid | $17,407,144 |
Total expenses and disbursements | $18,303,291 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $0 |
Net Accounts receivable | $0 |
Net Pledges Receivable | $0 |
Grants receivable | $0 |
Receivables from Officers, Directors, or Controlling Persons | $0 |
Net other notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Investments - land, buildings, equipment | $0 |
Investments—mortgage loans | $0 |
Investments—other | $0 |
Net Land, buildings, and equipment | $0 |
Other assets | $0 |
Total assets | $0 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Mortgages and other notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $0 |