Skip to content
Nonprofiteer
← MEDICAL FOUNDATION INC NON PROFIT ORGANIZATION

Form 990 for tax year 2023

Filed by MEDICAL FOUNDATION INC NON PROFIT ORGANIZATION.

Totals

Total revenue
$41,409,964
Total expenses
$59,309,331
Contributions and grants received
$0
Grants paid
$0
Program services expenses (Part IX)
$49,884,738
Management and general expenses
$9,424,593
Fundraising expenses
$0
Program service expenses (Part III)
$49,884,738

Program services were 84.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • D LARKIN KENNEDY

    CEO - OCHSNER RUSH HEALTH

    Total calculated
    $669,893
    From this org
    $0
    From related orgs
    $615,803
    Other
    $54,090
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $452,051 related
    Bonus
    $0 + $149,287 related
    Other
    $0 + $14,465 related
    Deferred
    $0 + $30,107 related
    Nontaxable benefits
    $0 + $23,983 related
    Filer's total
    $0 + $669,893 related

  • J ALLEN TYRA

    CEO - OCHSNER RUSH MEDICAL CENTER

    Total calculated
    $374,098
    From this org
    $0
    From related orgs
    $350,552
    Other
    $23,546
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $279,632 related
    Bonus
    $0 + $65,667 related
    Other
    $0 + $5,253 related
    Deferred
    $0 + $6,800 related
    Nontaxable benefits
    $0 + $16,746 related
    Filer's total
    $0 + $374,098 related

  • DAVID BUTLER

    CFO - OCHSNER RUSH HEALTH

    Total calculated
    $352,031
    From this org
    $0
    From related orgs
    $330,322
    Other
    $21,709
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $265,002 related
    Bonus
    $0 + $63,000 related
    Other
    $0 + $2,320 related
    Deferred
    $0 + $3,400 related
    Nontaxable benefits
    $0 + $18,309 related
    Filer's total
    $0 + $352,031 related

  • P LANCE BRENT

    BOARD MEMBER

    Total calculated
    $192,333
    From this org
    $0
    From related orgs
    $172,763
    Other
    $19,570
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $149,748 related
    Bonus
    $0 + $11,566 related
    Other
    $0 + $11,449 related
    Deferred
    $0 + $1,260 related
    Nontaxable benefits
    $0 + $18,310 related
    Filer's total
    $0 + $192,333 related

  • FREDERICK DUGGAN MD

    FORMER OFFICER

    Total calculated
    $840,103
    From this org
    $0
    From related orgs
    $812,720
    Other
    $27,383
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $721,364 related
    Bonus
    $0 + $79,229 related
    Other
    $0 + $12,127 related
    Deferred
    $0 + $3,400 related
    Nontaxable benefits
    $0 + $23,983 related
    Filer's total
    $0 + $840,103 related

  • BYRON TUCKERMD

    FORMER HIGHEST COMP - PHYSICIAN

    Total calculated
    $1,292,958
    From this org
    $0
    From related orgs
    $1,259,429
    Other
    $33,529
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,254,332 related
    Bonus
    $0 + $1,500 related
    Other
    $0 + $3,597 related
    Deferred
    $0 + $6,800 related
    Nontaxable benefits
    $0 + $26,729 related
    Filer's total
    $0 + $1,292,958 related

  • EDWARD SMITH MD

    FORMER HIGHEST COMP - PHYSICIAN

    Total calculated
    $1,190,317
    From this org
    $0
    From related orgs
    $1,166,196
    Other
    $24,121
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,065,498 related
    Bonus
    $0 + $51,500 related
    Other
    $0 + $49,198 related
    Deferred
    $0 + $3,400 related
    Nontaxable benefits
    $0 + $20,721 related
    Filer's total
    $0 + $1,190,317 related

  • LANE RUSH MD

    FORMER HIGHEST COMP - PHYSICIAN

    Total calculated
    $1,141,456
    From this org
    $0
    From related orgs
    $1,113,911
    Other
    $27,545
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,062,037 related
    Bonus
    $0 + $51,500 related
    Other
    $0 + $374 related
    Deferred
    $0 + $3,400 related
    Nontaxable benefits
    $0 + $24,145 related
    Filer's total
    $0 + $1,141,456 related

  • URELAINE SIMON-HART MD

    FORMER HIGHEST COMP - PHYSICIAN

    Total calculated
    $934,141
    From this org
    $0
    From related orgs
    $909,952
    Other
    $24,189
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $907,668 related
    Bonus
    $0 + $1,500 related
    Other
    $0 + $784 related
    Deferred
    $0 + $3,077 related
    Nontaxable benefits
    $0 + $21,112 related
    Filer's total
    $0 + $934,141 related

  • LESLIE B GRAY MD

    FORMER HIGHEST COMP - PHYSICIAN

    Total calculated
    $898,077
    From this org
    $0
    From related orgs
    $872,228
    Other
    $25,849
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $868,948 related
    Bonus
    $0 + $1,500 related
    Other
    $0 + $1,780 related
    Deferred
    $0 + $3,400 related
    Nontaxable benefits
    $0 + $22,449 related
    Filer's total
    $0 + $898,077 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 — 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

  • 1a · Tax indemnification and gross-up payments
  • 2 · Substantiation required before reimbursing expenses
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 1b · Written policy on the line-1a expenses
  • 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)

PART I, LINE 1A
OCHSNER GROSSES UP NON-CASH COMPENSATION TO BOARD MEMBERS AND OFFICERS FOR THE FOLLOWING: THE CEO RECEIVED A GROSS-UP BENEFIT RELATED TO THE TAXABLE PORTION OF A BENEFIT PLAN. EDWARD SMITH, MD, WAS PROVIDED WITH AN EDUCATION GROSS UP.
SCHEDULE J, PART I, LINE 4B
SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: RUSH HEALTH SYSTEMS' CHIEF EXECUTIVE OFFICER, LARKIN KENNEDY, IS PROVIDED WITH A LIFE INSURANCE POLICY WHEREBY PREMIUMS ARE PAID BY THE EMPLOYER, AND PREMIUMS WILL BE RECOVERED AT DEATH OR TERMINATION OF THE AGREEMENT. THE PREMIUMS ARE INCLUDED AS TAXABLE COMPENSATION. THE FOLLOWING INDIVIDUALS PARTICIPATE IN A 457(F) NON-QUALIFIED, UNFUNDED, DEFERRED COMPENSATION PLAN, WHICH WAS ESTABLISHED IN 2023. THE PLAN ALLOWS FOR DISCRETIONARY INITIAL CONTRIBUTIONS, VESTING BEGINS AT AGE 55. THE MOST RECENT THREE YEARS ARE SUBJECT TO FORFEITURE UNTIL THE ATTAINMENT OF AGE 65. ANNUAL FIXED CONTRIBUTIONS ARE INDIVIDUALLY BASED AND ARE TARGETED TO REPLACE THE BENEFIT THAT WOULD HAVE BEEN RECEIVED FROM THE FROZEN OCHSNER CLINIC FOUNDATION RETIREMENT PLAN HAD THE PLAN CONTINUED UNTIL THE PARTICIPANT ATTAINED AGE 65. THE CONTRIBUTION IS OFFSET BY ACTUAL RETIREMENT BENEFIT AND BENEFIT RECEIVED IN THE OCF 401(K) PLAN. FOLLOWING IS A LIST OF PARTICIPANTS AND ANY DISTRIBUTIONS MADE IN 2023: D. LARKIN KENNEDY, CEO OCHSNER RUSH HEALTH; NO DISTRIBUTION

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
2023
Filed
3 February 2025
IRS schema version
2023v6.0
Source object
202520349349301307

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.