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Nonprofiteer
← MILTON J DANCE JR ENDOWMENT INC

Form 990 for tax year 2022

Filed by MILTON J DANCE JR ENDOWMENT INC.

Totals

Total revenue
$1,036,133
Total expenses
$900,084
Contributions and grants received
$0
Grants paid
$796,271
Program service revenue
$0
Investment income
$1,036,133
Other revenue
$0
Total assets, end of year
$46,148,552
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$46,148,552
Program services expenses (Part IX)
$796,271
Management and general expenses
$103,813
Fundraising expenses
$0
Program service expenses (Part III)
$796,271

Program services were 88.5% 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.

  • 3 · Investment income

    total $449,768 · excluded $449,768

  • 7a · Gross sales of assets other than inventory

    securities $16,516,671

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

    securities $15,930,306

  • 7c · Gain or loss

    securities $586,365

  • 7d · Net gain or loss

    total $586,365 · excluded $586,365

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $796,271 · program services $796,271

  • 11c · Fees: accounting

    total $13,500 · management and general $13,500

  • 11f · Fees: investment management

    total $90,313 · management and general $90,313

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $892,094 · end of year $2,089,385

  • 11 · Investments: publicly traded securities

    beginning of year $42,243,542 · end of year $44,059,167

  • 27 · Net assets without donor restrictions

    beginning of year $43,135,636 · end of year $46,148,552

Mission and programs · 2022

Mission

MILTON J DANCE JR ENDOWMENT INC PROVIDES FINANCIAL SUPPORT TO THE MILTON J DANCE JR HEAD AND NECK CENTER WHICH IS AFFILIATED WITH THE GREATER BALTIMORE MEDICAL CENTER.

Activities or mission (Part I)

PROVIDES FINANCIAL SUPPORT TO THE MILTON J DANCE JR HEAD AND NECK CENTER WHICH IS AFFILIATED WITH THE GREATER BALTIMORE MEDICAL CENTER.

  • FUNDING OF HEAD AND NECK CANCER RESEARCH GROUP INCLUDING SALARIES (PHYSICIANS AND STAFF), FACILITIES, AND EQUIPMENT

    Expenses $786,271 · Grants $786,271

  • CANCER REHABILITATION SERVICE TO PROGRAM PATIENTS

    Expenses $10,000 · Grants $10,000

As filed on the 2022 return.

Listed in Part VII

  • JOHN R SAUNDERS JR MD

    CHAIRMAN & PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • JOHN B CHESSARE MD

    SECRETARY

    Total calculated
    $1,269,624
    From this org
    $0
    From related orgs
    $1,221,701
    Other
    $47,923
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $859,603 related
    Bonus
    $0 + $119,814 related
    Other
    $0 + $242,284 related
    Deferred
    $0 + $15,550 related
    Nontaxable benefits
    $0 + $32,373 related
    Filer's total
    $0 + $1,269,624 related

  • REEVES DANCE WALKER

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • BARBARA P MESSING PHD

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • BRIAN KAPLAN MD

    DIRECTOR

    Total calculated
    $333,869
    From this org
    $0
    From related orgs
    $333,869
    Other
    $0
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $333,869 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $333,869 related

  • PAUL CELANO MD

    DIRECTOR

    Total calculated
    $666,906
    From this org
    $0
    From related orgs
    $606,826
    Other
    $60,080
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $606,094 related
    Bonus
    $0
    Other
    $0 + $732 related
    Deferred
    $0 + $15,550 related
    Nontaxable benefits
    $0 + $44,530 related
    Filer's total
    $0 + $666,906 related

  • MARY T LESUEUR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JEFFREY L THOMAS

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • MEGAN D WALKER RN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RAY BLANCO MD

    DIRECTOR

    Total calculated
    $476,344
    From this org
    $0
    From related orgs
    $410,357
    Other
    $65,987
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $328,789 related
    Bonus
    $0 + $79,368 related
    Other
    $0 + $2,200 related
    Deferred
    $0 + $8,400 related
    Nontaxable benefits
    $0 + $57,587 related
    Filer's total
    $0 + $476,344 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
GBMC HEALTHCARE, INC. USED A COMPENSATION COMMITTEE, AN INDEPENDENT COMPENSATION CONSULTANT, A WRITTEN EMPLOYMENT CONTRACT, A COMPENSATION SURVEY OR STUDY, AND AN APPROVAL BY A BOARD OR COMPENSATION COMMITTEE TO ESTABLISH THE TOP MANAGEMENT OFFICIALS' 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

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
10 May 2024
IRS schema version
2022v5.0
Source object
202401369349305535

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