Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $1,914,148

• 1d · Related organizations

  $750,000

• 1f · All other contributions, gifts and grants

  $18,389,144

• 3 · Investment income

  total $2,517,461 · excluded $2,517,461

• 6a · Gross rents

  real property $382,309

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $382,309

• 6d · Net rental income or loss

  total $382,309 · excluded $382,309

• 7a · Gross sales of assets other than inventory

  securities $395,347

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

  securities $0

• 7c · Gain or loss

  securities $395,347

• 7d · Net gain or loss

  total $395,347 · excluded $395,347

• 8a · Fundraising events: gross income

  $269,552

• 8a · Fundraising events: contributions included on line 1c

  $1,914,148

• 8b · Fundraising events: direct expenses

  $596,954

• 8c · Net income from fundraising events

  total -$327,402 · excluded -$327,402

• 11a · Other revenue: MISCELLANEOUS

  total $792,853 · related or exempt $792,853

• 11e · Other revenue, total

  $792,853

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $15,799,701 · program services $15,799,701

• 7 · Other salaries and wages

  total $2,858,498 · program services $2,347 · management and general $129,074 · fundraising $2,727,077

• 9 · Other employee benefits

  total $1,791,895 · program services $846,155 · management and general $29,347 · fundraising $916,393

• 11f · Fees: investment management

  total $116,999 · program services $116,999

• 11g · Fees: other

  total $826,612 · program services $137,451 · management and general $5,056 · fundraising $684,105

• 12 · Advertising and promotion

  total $21,530 · fundraising $21,530

• 13 · Office expenses

  total $380,515 · program services $13,097 · management and general $11,549 · fundraising $355,869

• 14 · Information technology

  total $96,270 · management and general $14,274 · fundraising $81,996

• 16 · Occupancy

  total $125,461 · management and general $18,720 · fundraising $106,741

• 17 · Travel

  total $145,083 · program services $26,991 · management and general $4,362 · fundraising $113,730

• 19 · Conferences, conventions and meetings

  total $40,538 · program services $1,721 · management and general $671 · fundraising $38,146

• 22 · Depreciation, depletion and amortization

  total $152,442 · management and general $22,866 · fundraising $129,576

• 24a · Other expenses: DUES, LICENSES & FEES

  total $360,301 · program services $0 · management and general $5,325 · fundraising $354,976

• 24b · Other expenses: OTHER PUBLIC RELATIONS

  total $171,505 · program services $8,788 · management and general $3,058 · fundraising $159,659

• 24c · Other expenses: PURCHASED SERVICES -INT

  total $63,387 · program services $3,401 · management and general $8,311 · fundraising $51,675

• 24d · Other expenses: MEDICAL SUPPLIES

  total $2,286 · program services $2,286 · management and general $0 · fundraising $0

• 24e · All other expenses

  total $316,848 · program services $316,848

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $9,765,321 · end of year $8,089,529

• 2 · Savings and temporary cash investments

  beginning of year $792,812 · end of year $503

• 3 · Pledges and grants receivable

  beginning of year $8,919,247 · end of year $13,587,467

• 4 · Accounts receivable

  beginning of year $302,127 · end of year $209,792

• 9 · Prepaid expenses and deferred charges

  beginning of year $156,597 · end of year $164,427

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

  $20,481,704

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

  $2,803,685

• 10c · Land, buildings and equipment, net

  beginning of year $17,830,462 · end of year $17,678,019

• 11 · Investments: publicly traded securities

  beginning of year $37,168,298 · end of year $37,557,998

• 15 · Other assets

  beginning of year $94,552,137 · end of year $105,783,793

• 17 · Accounts payable and accrued expenses

  beginning of year $38,066 · end of year $34,590

• 19 · Deferred revenue

  beginning of year $483,219 · end of year $415,656

• 25 · Other liabilities

  beginning of year $2,708,835 · end of year $2,151,324

• 27 · Net assets without donor restrictions

  beginning of year $78,885,363 · end of year $83,433,993

• 28 · Net assets with donor restrictions

  beginning of year $87,371,518 · end of year $97,035,965

The filer's explanations (Part III)

PART I, LINE 1A

THE ORGANIZATION WILL PROVIDE TAX GROSS UP PAYMENTS IN CERTAIN CIRCUMSTANCES WITH APPROPRIATE LEVELS OF REVIEW AND APPROVAL. DURING THE TAX YEAR, ALL OF THE HIGHEST PAID EMPLOYEES OF THE ORGANIZATION RECEIVED A GROSS UP PAYMENT. THIS BENEFIT WAS TREATED AS TAXABLE COMPENSATION TO THE LISTED INDIVIDUALS.

PART I, LINE 4B

A SELECT GROUP OF SENIOR LEADERS OF THE JOHNS HOPKINS HEALTH SYSTEM CORPORATION (JHHSC) PARTICIPATE IN SUPPLEMENTAL RETIREMENT/DEFERRED COMPENSATION PROGRAMS, INCLUDING SOME LEGACY ARRANGEMENTS THAT ARE NO LONGER AVAILABLE TO NEW HIRES. PRE-2011 PARTICIPANTS RECEIVE CASH PAYMENTS EACH YEAR DETERMINED WITH REFERENCE TO THEIR SERVICE WITH JHHSC AND THEIR FINAL AVERAGE COMPENSATION. AS OF JANUARY 2019, FUTURE CASH PAYMENTS ARE MADE ACCORDING TO A FIXED SCHEDULE FOR THESE PARTICIPANTS. POST-2011 PARTICIPANTS ACCRUE BENEFITS UNDER A DEFINED CONTRIBUTION FORMULA WHERE CONTRIBUTIONS ARE TIERED BY POSITION LEVEL. CONTRIBUTIONS MADE IN 2018 AND PRIOR YEARS GENERALLY VEST AFTER THE LATER OF FIVE YEARS OF SERVICE WITH JHHSC OR THREE YEARS OF PLAN PARTICIPATION; CONTRIBUTIONS MADE IN 2019 AND FUTURE YEARS VEST THREE YEARS AFTER EACH CONTRIBUTION IS MADE, WITH FULL VESTING ON THE LATER OF AGE 65 OR THREE YEARS OF PLAN PARTICIPATION. ALL CONTRIBUTIONS VEST ON DEATH, DISABILITY OR INVOLUNTARY TERMINATION WITHOUT CAUSE. IF A PARTICIPANT VOLUNTARILY TERMINATES EMPLOYMENT OR IS TERMINATED BY THE EMPLOYER FOR CAUSE PRIOR TO THE APPLICABLE VESTING DATE, THE PARTICIPANT'S ENTIRE NON-VESTED BENEFIT IS FORFEITED ALL OF THESE ARRANGEMENTS WERE APPROVED, IN ADVANCE, BY AN INDEPENDENT COMPENSATION COMMITTEE, WHICH BASED ITS DECISION ON DATA PROVIDED BY AN INDEPENDENT COMPENSATION CONSULTANT. PARTICIPANTS' INTERESTS UNDER THESE ARRANGEMENTS ARE NOT GUARANTEED OR SECURED IN ANY WAY AND AT ALL TIMES ARE SUBJECT TO CLAIMS OF EMPLOYER'S BANKRUPTCY/INSOLVENCY CREDITORS. THE FOLLOWING INDIVIDUALS LISTED ON FORM 990, PART VII, SECTION A, LINE 1A RECEIVED PAYMENT FROM ONE OR MORE SUPPLEMENTAL RETIREMENT/DEFERRED COMPENSATION PROGRAMS, WITH PAYMENTS REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III); THE TOTAL OF AMOUNTS PAYABLE DURING 2024 BUT REPORTED AS DEFERRED COMPENSATION IN COLUMN (C) IN PREVIOUS YEARS IS REPORTED IN SCHEDULE J, PART II, COLUMN (F). THE AMOUNTS BELOW MAY REFLECT ANNUAL CASH PAYMENTS OR MULTIPLE YEARS OF ACCRUALS THAT VESTED IN 2024. KEVIN SOWERS $534,431.31 AND K. ALICIA SCHULHOF $33,088.74

PART I, LINE 7

ANNUAL INCENTIVE PLAN: EXECUTIVES PARTICIPATE IN AN ANNUAL INCENTIVE PLAN THAT REWARDS PARTICIPANTS FOR THE ACHIEVEMENT OF ORGANIZATION OBJECTIVES APPROVED BY THE JOHNS HOPKINS MEDICINE COMPENSATION COMMITTEE EACH YEAR, INCLUDING FINANCIAL AND NON-FINANCIAL MEASURES. A PORTION OF THE OVERALL AWARD IS DETERMINED BASED ON INDIVIDUAL PERFORMANCE.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• HEALTHCARE SUPPLY CHAIN INNOVATIONS LLC

  GROUP PURCHASING · MD

• HOWARD COUNTY NEONATAL SERVICES SERIES

  NEONATAL HEALTH · MD

• JHMI UTILITIES LLC

  UTILITY FACILITIES · MD

• JOHNS HOPKINS HEALTH CARE AND SURGERY CENTER DEVELOPMENT LLC

  LEASING REAL PROPERTY · MD

• JOHNS HOPKINS HEALTHCARE LLC

  MEDICAL SVCS · MD

• JOHNS HOPKINS MEDICINE ALLIANCE FOR PATIENTS

  HEALTHCARE SVC · MD

• JOHNS HOPKINS MEDICINE INTERNATIONAL LLC

  MEDICAL SVCS · MD

• JOHNS HOPKINS SURGERY CENTER SERIES

  SURGERY · MD

• MARYLAND HEALTH ADVANTAGE LLC

  HOLDING COMPANY · DE

• WEST COUNTY MEDICAL LLC

  REAL ESTATE · MD

• JOHNS HOPKINS PERSONALIZED CARE LLC

  MEDICAL SVCS · MD

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• HOWARD COUNTY HEALTH SERVICES INC

  C · HEALTHCARE MANAGEMENT · MD

• JOHNS HOPKINS EMPLOYER HEALTH PROGRAMS INC

  C · BENEFIT PLANS · MD

• JOHNS HOPKINS MEDICAL MANAGEMENT CORPORATION

  C · NURSING SERVICES · MD

• SSA HOLDCO INC

  C · INVESTMENT · PA

• SUBURBAN HEALTH ENTERPRISES INC

  C · MEDICAL OFFICE LEASING AND RELEASING · MD

• TCAS INC

  C · NURSING SERVICES · MD

• SAFETOWER INC

  C · MEDICAL TECH COMPANY · DE

• ILLUSTRA HEALTH INC

  C · HEALTH SOLUTION SOFTWARE · DE