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Nonprofiteer
← OAKSIDE CORPORATION

Form 990 for tax year 2022

Filed by OAKSIDE CORPORATION.

Totals

Total revenue
$3,039,573
Total expenses
$2,861,260
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,431,170
Investment income
$443,422
Other revenue
$164,981
Total assets, end of year
$36,054,153
Total liabilities, end of year
$8,366,707
Net assets or fund balances, end of year
$27,687,446
Program services expenses (Part IX)
$2,635,913
Management and general expenses
$225,347
Fundraising expenses
$0
Program service expenses (Part III)
$2,635,913

Program services were 92.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: HEALTH FITNESS CENTER

    total $2,395,519 · related or exempt $2,395,519

  • 2b · Program service revenue: RENTAL INCOME - AFFILIATES

    total $35,651 · related or exempt $35,651

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $560,691 · excluded $560,691

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    other assets $2,656

  • 7b · Less cost or other basis and sales expenses

    securities $119,925

  • 7c · Gain or loss

    securities -$119,925 · other assets $2,656

  • 7d · Net gain or loss

    total -$117,269 · excluded -$117,269

  • 10a · Gross sales of inventory

    $365,047

  • 10b · Cost of goods sold

    $200,066

  • 10c · Net income from sales of inventory

    total $164,981 · related or exempt $164,981

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $132,925 · program services $132,925

  • 7 · Other salaries and wages

    total $689,719 · program services $569,392 · management and general $120,327

  • 8 · Pension plan contributions

    total $15,111 · program services $12,887 · management and general $2,224

  • 9 · Other employee benefits

    total $65,365 · program services $55,743 · management and general $9,622

  • 10 · Payroll taxes

    total $55,827 · program services $47,609 · management and general $8,218

  • 11a · Fees: management

    total $273,613 · program services $232,571 · management and general $41,042

  • 11c · Fees: accounting

    total $24,000 · program services $24,000

  • 11f · Fees: investment management

    total $43,914 · management and general $43,914

  • 11g · Fees: other

    total $225,988 · program services $225,988 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $58,760 · program services $58,760

  • 13 · Office expenses

    total $96,644 · program services $96,644

  • 14 · Information technology

    total $2,743 · program services $2,743

  • 16 · Occupancy

    total $593,155 · program services $593,155

  • 17 · Travel

    total $3,384 · program services $3,384

  • 20 · Interest

    total $79,453 · program services $79,453

  • 22 · Depreciation, depletion and amortization

    total $346,255 · program services $346,255

  • 23 · Insurance

    total $76,975 · program services $76,975

  • 24a · Other expenses: EQUIPMENT REPAIRS/MAINTENANCE

    total $36,728 · program services $36,728

  • 24b · Other expenses: BANK FEES

    total $31,910 · program services $31,910

  • 24c · Other expenses: SUBSCRIPTIONS

    total $8,791 · program services $8,791

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,358,102 · end of year $6,893,754

  • 4 · Accounts receivable

    beginning of year $139,311 · end of year $4,270

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $2,089,182 · end of year $2,084,275

  • 8 · Inventories for sale or use

    beginning of year $110,634 · end of year $50,418

  • 9 · Prepaid expenses and deferred charges

    beginning of year $101,991 · end of year $108,977

  • 10a · Land, buildings and equipment: cost or other basis

    $19,825,296

  • 10b · Land, buildings and equipment: accumulated depreciation

    $10,244,970

  • 10c · Land, buildings and equipment, net

    beginning of year $9,788,409 · end of year $9,580,326

  • 11 · Investments: publicly traded securities

    beginning of year $18,869,056 · end of year $17,332,133

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,563,193 · end of year $7,033,214

  • 19 · Deferred revenue

    beginning of year $144,658 · end of year $188,235

  • 20 · Tax-exempt bond liabilities

    beginning of year $1,301,243 · end of year $1,145,258

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $111,233 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $29,336,358 · end of year $27,687,446

Mission and programs · 2022

Mission

To further the establishment, maintenance, and provision of a broad range of human services to individuals, institutions, and organizations that emphasize the treatment and prevention of disabling conditions, including but not limited to rehabilitation education programs, specialized information services and referral systems, and such treatment and rehabilitative programs or facilities as are licensed to operate. Oakside provides care to patients and residents who meet certain criteria under its charity care policy without charge or at amounts less than their established rates. Patients are treated without regard to their ability to pay for such services.

Activities or mission (Part I)

To further the establishment, maintenance, and provision of a broad range of human services to individuals, institutions, and organizations that emphasize the treatment and prevention of disabling conditions.

  • Oakside Corporation provides the area's only medically-based Health Fitness Center that integrates fitness, wellness and rehabilitation. The Health Fitness Center provides a medically-based approach to addressing the three main components of a healthy lifestyle: nutrition, exercise, and stress management. The Health Fitness Center offers a wide range of programs and services for individuals of all ages; swim lessons for all ages, childcare for members, family fitness, family swim, a warm water therapy pool, land and aquatic fitness classes for adults and seniors, fitness equipment, indoor track, racquetball courts, wellness management, massage, nutritional services and a Parkinson's exercise program. The Health Fitness Center also has the Riverside Diabetes Wellness Center and Riverside Pediatric Therapy services on site.

    Expenses $2,635,913 · Revenue $2,560,500

  • OAKSIDE CORPORATION PROVIDES BUILDING RENTAL TO RIVERSIDE MEDICAL CENTER TO FURTHER ITS MISSION.

    Revenue $35,651

As filed on the 2022 return.

Listed in Part VII

  • Harry Simmon

    Vice Chairman

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Patrick Martin

    Chairman

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Phillip Kambic

    President/CEO

    Total calculated
    $1,501,673
    From this org
    $0
    From related orgs
    $1,258,830
    Other
    $242,843
    Hours/week
    1 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $787,355 related
    Bonus
    $0 + $187,063 related
    Other
    $0 + $284,412 related
    Deferred
    $0 + $218,124 related
    Nontaxable benefits
    $0 + $24,719 related
    Filer's total
    $0 + $1,501,673 related

  • Bruce Payne

    Director

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Harry Bond

    Director

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Saroja Yalamanchili MD

    Director (beg. Dec. 2022)

    Total calculated
    $689,387
    From this org
    $0
    From related orgs
    $651,019
    Other
    $38,368
    Hours/week
    1 + 2 related

    Schedule J breakdown matched by us

    Base
    $0 + $627,522 related
    Bonus
    $0 + $14,160 related
    Other
    $0 + $9,337 related
    Deferred
    $0 + $32,700 related
    Nontaxable benefits
    $0 + $5,668 related
    Filer's total
    $0 + $689,387 related

  • Tim Milner

    Director

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Casey Ashline

    Executive Director - Fitness Center (thru Aug. 2022)

    Total calculated
    $133,444
    From this org
    $117,238
    From related orgs
    $0
    Other
    $16,206
    Hours/week
    40

  • Pamela Hull

    Assistant Secretary

    Total calculated
    $128,177
    From this org
    $0
    From related orgs
    $101,937
    Other
    $26,240
    Hours/week
    1 + 39 related

  • Patricia K Vilt

    Treasurer/CFO

    Total calculated
    $482,391
    From this org
    $0
    From related orgs
    $433,155
    Other
    $49,236
    Hours/week
    1 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $351,424 related
    Bonus
    $0 + $68,300 related
    Other
    $0 + $13,431 related
    Deferred
    $0 + $36,056 related
    Nontaxable benefits
    $0 + $13,180 related
    Filer's total
    $0 + $482,391 related

  • Bill Douglas

    Former Officer

    Total calculated
    $225,774
    From this org
    $0
    From related orgs
    $180,463
    Other
    $45,311
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $123,656 related
    Bonus
    $0 + $54,692 related
    Other
    $0 + $2,115 related
    Deferred
    $0 + $28,534 related
    Nontaxable benefits
    $0 + $16,777 related
    Filer's total
    $0 + $225,774 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
THE ORGANIZATION RELIED ON RIVERSIDE MEDICAL CENTER, A RELATED TAX-EXEMPT ORGANIZATION, to establish and pay compensation of the organization's CEO. Riverside Medical Center used the following to establish reasonable compensation: A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, COMPARABILITY DATA AND REQUIRED APPROVAL BY THE BOARD OF COMPENSATION COMMITTEE.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
HE FOLLOWING INDIVIDUALS PARTICIPATE IN A 457(F) PLAN WITH A RELATED ORGANIZATION, RIVERSIDE MEDICAL CENTER. Total contributions to the plan for the year ended December 31, 2022 are as follows: PHILLIP KAMBIC - $179,324 PATRICIA VILT- $17,756 AMOUNTS INCLUDED IN INCOME FOR THIS PLAN for the year ended December 31, 2022, were as follows: PHILLIP KAMBIC - $233,482 BILL DOUGLAS - $54,692 PATRICIA K. VILT - $2,167

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
7 November 2023
IRS schema version
2022v5.0
Source object
202303119349304555

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