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← FH ENTERPRISE SERVICES HOLDINGS INC

Form 990 for tax year 2023

Filed by FH ENTERPRISE SERVICES HOLDINGS INC.

Totals

Total revenue
$19,866,684
Total expenses
$1,573
Contributions and grants received
$0
Grants paid
$794
Program service revenue
$19,866,684
Investment income
$0
Other revenue
$0
Total assets, end of year
$31,965,912
Total liabilities, end of year
$989,547
Net assets or fund balances, end of year
$30,976,365
Program services expenses (Part IX)
$794
Management and general expenses
$779
Fundraising expenses
$0
Program service expenses (Part III)
$794

Program services were 50.5% 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: JOINT VENTURE REVENUE

    total $19,866,684 · related or exempt $19,904,925 · unrelated business -$38,241

  • 2f · All other program service revenue

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

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 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.

  • 1 · Grants to domestic organizations and governments

    total $794 · program services $794

  • 11g · Fees: other

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

  • 24a · Other expenses: MEALS AND ENTERTAINMENT

    total $779 · management and general $779

  • 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 $3,756 · end of year $1,502,956

  • 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

  • 9 · Prepaid expenses and deferred charges

    beginning of year $57,453 · end of year $57,453

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $165,743 · end of year $30,405,503

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $57,999 · end of year $989,547

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year -$3,316,240 · end of year -$3,316,240

  • 31 · Retained earnings, endowment or other funds

    beginning of year $3,485,193 · end of year $34,292,605

Mission and programs · 2023

Mission

TO HOLD AND MANAGE OWNERSHIP INTERESTS IN HEALTH CARE RELATED ORGANIZATIONS, IN SUPPORT OF THE HEALTH CARE EXEMPT ACTIVITIES OF THE FROEDTERT THEDACARE HEALTH, INC. HEALTHCARE SYSTEM.

Activities or mission (Part I)

TO HOLD AND MANAGE OWNERSHIP INTERESTS IN HEALTH CARE RELATED ORGANIZATIONS, IN SUPPORT OF THE HEALTH CARE ACTIVITIES OF THE FROEDTERT THEDACARE HEALTH, INC. HEALTHCARE SYSTEM.

  • SUCCESSFUL MANAGEMENT OF OWNERSHIP INTERESTS IN HEALTH CARE RELATED ORGANIZATIONS, IN SUPPORT OF THE HEALTH CARE EXEMPT ACTIVITIES OF THE FROEDTERT THEDACARE HEALTH, INC. HEALTHCARE SYSTEM.

    Expenses $794 · Grants $794 · Revenue $19,904,925

As filed on the 2023 return.

Listed in Part VII

  • Alicia Maitland

    Director & Secretary (START JUL23)

    Total calculated
    $888,448
    From this org
    $0
    From related orgs
    $738,765
    Other
    $149,683
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $540,044 related
    Bonus
    $0 + $154,036 related
    Other
    $0 + $44,685 related
    Deferred
    $0 + $123,445 related
    Nontaxable benefits
    $0 + $26,238 related
    Filer's total
    $0 + $888,448 related

  • Catherine Jacobson

    Director & President

    Total calculated
    $6,191,269
    From this org
    $0
    From related orgs
    $5,872,993
    Other
    $318,276
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,711,053 related
    Bonus
    $0 + $1,915,129 related
    Other
    $0 + $2,246,811 related
    Deferred
    $0 + $280,978 related
    Nontaxable benefits
    $0 + $37,298 related
    Filer's total
    $0 + $6,191,269 related

  • Scott Hawig

    Director & Treasurer

    Total calculated
    $2,088,729
    From this org
    $0
    From related orgs
    $1,832,480
    Other
    $256,249
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $979,989 related
    Bonus
    $0 + $631,480 related
    Other
    $0 + $221,011 related
    Deferred
    $0 + $220,064 related
    Nontaxable benefits
    $0 + $36,185 related
    Filer's total
    $0 + $2,088,729 related

  • Jeffrey Van De Kreeke

    Former - Officer (Secr)

    Total calculated
    $208,246
    From this org
    $0
    From related orgs
    $196,046
    Other
    $12,200
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $196,046 related
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $208,246 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

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

Answered no

  • 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
COMPENSATION IS PAID BY A RELATED ORGANIZATION, BUT IS REVIEWED. IN ESTABLISHING THE COMPENSATION OF MANAGEMENT, INDEPENDENT COMPENSATION CONSULTANTS ARE UTILIZED, COMPENSATION STUDIES ARE COMPLETED TO GATHER COMPARATIVE DATA, PERSONS WITH A CONFLICT OF INTEREST REGARDING THE COMPENSATION ARRANGEMENTS AT ISSUE ARE NOT INVOLVED IN THE DECISION MAKING PROCESS, AND AMOUNTS ARE REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE OF THE FROEDTERT THEDACARE HEALTH, INC. (A RELATED ORGANIZATION) BOARD OF DIRECTORS.
Schedule J, Part I, Line 4a SEVERANCE OR CHANGE-OF-CONTROL PAYMENT
SEVERANCE: VAN DE KREEKE, JEFFREY - $196,046
Schedule J, Part I, Line 4b SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN
457(F) DISTRIBUTIONS: HAWIG, SCOTT - $195,735 JACOBSON, CATHERINE - $2,074,559 457(F) PLAN PARTICIPANTS: HAWIG, SCOTT JACOBSON, CATHERINE MAITLAND, ALICIA NON-QUALIFIED DISTRIBUTIONS: JACOBSON, CATHERINE - $167,475 (OF WHICH $0 WAS REPORTED AS DEFERRED ON A PRIOR FORM 990) NON-QUALIFIED PARTICIPANTS: JACOBSON, CATHERINE
Schedule J, Part I, Line 7
BONUS COMPENSATION IS PAID BASED UPON ATTAINMENT OF SPECIFIC GOALS RELATED TO THE ORGANIZATION'S STRATEGY, SERVICE, QUALITY, AND FINANCIAL STRENGTH. THE AMOUNT OF COMPENSATION IS CALCULATED USING SPECIFIED PERCENTAGES OF BASE SALARY FOR ACHIEVEMENT OF PARTICULAR GOAL LEVELS. HOWEVER, THE FROEDTERT THEDACARE HEALTH SYSTEM BOARD COMMITTEE WHICH ADMINISTERS THE BONUS COMPENSATION PROGRAM HAS DISCRETION OVER WHETHER TO PAY THE BONUS IN ANY GIVEN YEAR OR TO AMEND, CHANGE, OR TERMINATE THE PROGRAM AT ANY TIME.
Schedule J, Part II, Column (B)(ii)
BONUS AND INCENTIVE COMPENSATION AMOUNTS INCLUDE INCENTIVE COMPENSATION PAID.
Schedule J, Part II, Column (B)(iii)
OTHER REPORTABLE COMPENSATION INCLUDES 457(F) DEFERRED COMPENSATION PLAN DISTRIBUTIONS PAID TO INDIVIDUALS, AMOUNTS PAID IN LIEU OF 457(F) DEFERRED COMPENSATION PLAN CONTRIBUTIONS, AND OTHER MISCELLANEOUS COMPENSATION.

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.

  • D1 SPORTS TRAINING OF MILWAUKEE LLC

    N/A · SPORTS THERAPY · WI

    Directly controlled by NA

  • FMLH MCW REAL ESTATE VENTURES LLC

    N/A · REAL ESTATE · WI

    Directly controlled by NA

  • WISCONSIN DIAGNOSTIC LABORATORIES LLC

    Related · LAB SERVICES · WI · share of income $270,127 · share of assets $266,678

    Directly controlled by FTCH

  • FROEDERT & MEDICAL COLLEGE OF WI ACO LLC

    Related · HLTHCARE SVCS · WI · share of income $661 · share of assets $171,603 · general or managing partner

    Directly controlled by FHESH

  • DREXEL TOWN SQUARE SURGERY CENTER LLC

    N/A · SURGERY CENTER · WI

    Directly controlled by NA

  • THP-FROEDTERT HEALTH VENTURE LLC

    N/A · HLTHCARE SVCS · TX

    Directly controlled by NA

  • F&MCW NETWORK LLC

    Related · HLTHCARE SVCS · WI · share of income $3,574,279 · share of assets $200,945 · general or managing partner

    Directly controlled by FHESH

  • MENOMONEE FALLS AMBULATORY SURGERY CTR

    Related · HLTHCARE SVCS · WI · share of income $3,716 · share of assets $0

    Directly controlled by NA

  • FROEDTERT SURGERY CENTER LLC

    N/A · SURGERY CENTER · WI

    Directly controlled by NA

  • WEST BEND SURGERY CENTER LLC

    N/A · SURGICAL SVC · WI

    Directly controlled by NA

  • NATIONAL LABORATORY NETWORK LLC

    N/A · LABORATORY SVC · WI

    Directly controlled by NA

  • N APPLETON AMBULATORY CARE CENTER BUILDING COMPANY LLC

    N/A · RENTAL · WI

    Directly controlled by NA

  • ENCIRCLE REALCO LLC

    N/A · PROPERTY HOLDING · OH

    Directly controlled by NA

Related corporations and trusts

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

  • HART'S MILLS INSURANCE COMPANY

    C Corporation · SELF-INSURANCE · CJ

    Directly controlled by NA

  • HOLY FAMILY HEALTH SERVICES INC

    C Corporation · HEALTH SERVICES · WI

    Directly controlled by NA

  • NETWORK HEALTH INSURANCE CORPORATION

    C Corporation · HEALTH INSURANCE · WI

    Directly controlled by NA

  • NETWORK HEALTH PLAN

    C Corporation · HEALTH INSURANCE · WI

    Directly controlled by NA

  • FH INVESTMENT HOLDINGS INC

    C Corporation · HEALTH SERVICES · WI

    Directly controlled by NA

  • NETWORK HEALTH INC

    C Corporation · HEALTH INSURANCE · WI

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202521359349303332

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