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Nonprofiteer
← ATLANTIC COAST ASC HOLDING COMPANY

Form 990 for tax year 2023

Filed by ATLANTIC COAST ASC HOLDING COMPANY.

Totals

Total revenue
$0
Total expenses
$8,149
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$7,531
Net assets or fund balances, end of year
-$7,531
Program services expenses (Part IX)
$0
Management and general expenses
$8,149
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $394 · management and general $394

  • 11c · Fees: accounting

    total $7,694 · management and general $7,694

  • 24a · Other expenses: License & Fees

    total $61 · management and general $61

Balance sheet

Part X, book values.

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,496 · end of year $7,531

  • 27 · Net assets without donor restrictions

    beginning of year -$7,496 · end of year -$7,531

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

To serve the objectives and purposes of its parent, Florida Community Health Network Corp., in supporting its parent, Memorial Foundation, Inc in its mission of supporting and benefiting the South Broward Hospital District and its residents through the structuring of relationships, ventures and other activities, in furtherance of the health care mission of the district, by enhancing the delivery of health care services and being responsive to the health needs of the residents of the district. The organization will be the sole member of or otherwise control separate single purpose subsidiary exempt entities who will be the participants or partners in qualifying exempt related activities.

Activities or mission (Part I)

To serve the objectives and purposes of its parent, Florida Community Health Network Corp., in supporting its parent, Memorial Foundation, Inc, in its mission of supporting and benefiting the South Broward Hospital District and its residents through the structuring of relationships, ventures and other activities, in furtherance of the health care mission of the district, by enhancing the delivery of health care services and being responsive to the health needs of the residents of the district. The organization will be the sole member of or otherwise control separate single purpose subsidiary exempt entities who will be the participants or partners in qualifying exempt related activities.

  • To provide more efficient and reduced cost healthcare services to the community, in accordance with the policies of the South Broward Hospital District.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Steve Einhorn

    Chairman/Director

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Scott Wester

    Director

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Paul Sallwasser

    CEO

    Total calculated
    $612,115
    From this org
    $0
    From related orgs
    $612,115
    Other
    $0
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $464,353 related
    Bonus
    $0 + $83,583 related
    Other
    $0 + $64,179 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $612,115 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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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)

Part I, Line 3
The organization's CEO is compensated by a related 501(c)(3) tax-exempt organization, Florida Community Health Network Corp (FCHN). Atlantic Coast ASC Holding Company is 100% wholly-owned by FCHN. The methods used by the related organization for determining the CEO's compensation include use of a compensation committee and approval by the board or compensation committee.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

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

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202423209349305147

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