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Nonprofiteer
← GILCHRIST HOSPICE CARE INC

Form 990 for tax year 2023

Filed by GILCHRIST HOSPICE CARE INC.

Totals

Total revenue
$83,667,335
Total expenses
$75,634,228
Contributions and grants received
$3,606,551
Grants paid
$0
Program service revenue
$69,955,690
Investment income
$6,931,276
Other revenue
$3,173,818
Total assets, end of year
$268,669,308
Total liabilities, end of year
$37,618,683
Net assets or fund balances, end of year
$231,050,625
Program services expenses (Part IX)
$62,409,763
Management and general expenses
$11,302,029
Fundraising expenses
$1,922,436
Program service expenses (Part III)
$62,409,763

Program services were 82.5% 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.

  • 1a · Federated campaigns

    $13,037

  • 1c · Fundraising events

    $224,981

  • 1d · Related organizations

    $40,000

  • 1e · Government grants (contributions)

    $572,500

  • 1f · All other contributions, gifts and grants

    $2,756,033

  • 2a · Program service revenue: HOSPICE CARE HOMECARE

    total $54,235,993 · related or exempt $54,235,993

  • 2b · Program service revenue: HOSPICE CARE IMPATIENT

    total $9,914,804 · related or exempt $9,914,804

  • 2c · Program service revenue: HOSPICE ELDERCARE

    total $4,197,239 · related or exempt $4,197,239

  • 2d · Program service revenue: GILCHRIST KIDS

    total $1,545,458 · related or exempt $1,545,458

  • 2e · Program service revenue: MOBILE HOSPICE REVENUE

    total $62,196 · related or exempt $62,196

  • 3 · Investment income

    total $4,638,663 · excluded $4,638,663

  • 7a · Gross sales of assets other than inventory

    securities $10,424,515 · other assets $82,658

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

    securities $8,214,560 · other assets $0

  • 7c · Gain or loss

    securities $2,209,955 · other assets $82,658

  • 7d · Net gain or loss

    total $2,292,613 · excluded $2,292,613

  • 8a · Fundraising events: gross income

    $29,110

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

    $224,981

  • 8b · Fundraising events: direct expenses

    $54,514

  • 8c · Net income from fundraising events

    total -$25,404 · excluded -$25,404

  • 11a · Other revenue: MANAGEMENT FEE

    total $1,440,387 · related or exempt $1,440,387

  • 11b · Other revenue: MEDICAL DIRECTOR SERVICES

    total $686,481 · related or exempt $686,481

  • 11c · Other revenue: LUMINIS PATIENT SERVICE

    total $66,241 · related or exempt $66,241

  • 11d · All other revenue

    total $1,006,113 · related or exempt $1,006,113

  • 11e · Other revenue, total

    $3,199,222

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,763,422 · management and general $1,763,422

  • 7 · Other salaries and wages

    total $45,291,355 · program services $40,574,324 · management and general $3,923,167 · fundraising $793,864

  • 8 · Pension plan contributions

    total $732,714 · program services $635,459 · management and general $76,143 · fundraising $21,112

  • 9 · Other employee benefits

    total $3,556,957 · program services $2,875,875 · management and general $640,851 · fundraising $40,231

  • 10 · Payroll taxes

    total $3,146,978 · program services $2,718,350 · management and general $373,449 · fundraising $55,179

  • 11a · Fees: management

    total $508,761 · management and general $508,761

  • 11b · Fees: legal

    total $383,538 · management and general $329,538 · fundraising $54,000

  • 11c · Fees: accounting

    total $63,685 · management and general $63,685

  • 11f · Fees: investment management

    total $473,712 · management and general $473,712

  • 11g · Fees: other

    total $5,664,149 · program services $4,754,446 · management and general $3,419 · fundraising $906,284

  • 12 · Advertising and promotion

    total $467,523 · management and general $456,513 · fundraising $11,010

  • 13 · Office expenses

    total $5,130,297 · program services $4,844,995 · management and general $249,575 · fundraising $35,727

  • 14 · Information technology

    total $576,969 · management and general $576,528 · fundraising $441

  • 16 · Occupancy

    total $3,785,949 · program services $3,024,449 · management and general $761,500

  • 17 · Travel

    total $900,200 · program services $855,190 · management and general $40,422 · fundraising $4,588

  • 20 · Interest

    total $316 · program services $316

  • 22 · Depreciation, depletion and amortization

    total $1,331,207 · program services $1,331,207

  • 23 · Insurance

    total $55,092 · management and general $55,092

  • 24a · Other expenses: OVERHEAD ALLOCATION

    total $948,493 · management and general $948,493

  • 24b · Other expenses: REPAIRS/MAINTENANCE

    total $818,623 · program services $777,692 · management and general $40,931

  • 24c · Other expenses: INSTITUTIONAL DUES

    total $32,517 · program services $17,460 · management and general $15,057

  • 24d · Other expenses: TAXES

    total $1,364 · management and general $1,364

  • 24e · All other expenses

    total $407 · management and general $407

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,599

  • 2 · Savings and temporary cash investments

    beginning of year $9,187,496 · end of year $8,281,600

  • 3 · Pledges and grants receivable

    beginning of year $3,845,511 · end of year $2,627,888

  • 4 · Accounts receivable

    beginning of year $7,106,890 · end of year $8,505,165

  • 8 · Inventories for sale or use

    end of year $5,792

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,533,580 · end of year $321,516

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

    $23,595,969

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

    $20,009,965

  • 10c · Land, buildings and equipment, net

    beginning of year $4,646,634 · end of year $3,586,004

  • 11 · Investments: publicly traded securities

    beginning of year $180,345,338 · end of year $208,968,552

  • 13 · Investments: program-related

    end of year $2,687,176

  • 15 · Other assets

    beginning of year $28,940,120 · end of year $33,685,615

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,237,631 · end of year $10,507,486

  • 19 · Deferred revenue

    end of year $5,000

  • 25 · Other liabilities

    beginning of year $25,828,136 · end of year $27,106,197

  • 27 · Net assets without donor restrictions

    beginning of year $177,775,411 · end of year $205,581,677

  • 28 · Net assets with donor restrictions

    beginning of year $25,765,990 · end of year $25,468,948

Mission and programs · 2023

Mission

GILCHRIST HOSPICE CARE IS ORGANIZED AND OPERATED EXCLUDIVELY AS A NONPROFIT CHARITABLE AND EDUCATIONAL ORGANIZATION WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE FOR THE FOLLOWING PURPOSES: (1) TO DEVELOP, OWN, MANAGE, AND OPERATE A HOSPICE PROGRAM, PROVIDING INPATIENT AND OUTPATIENT HOSPICE SERVICES INCLUDING OPERATING AN INPATIENT FACILITY FOR THE BENEFIT OF THE TERMINALLY ILL INDIVIDUALS AND THEIR FAMILIES AND OTHER CAREGIVERS, AND TO PROVIDE OTHER HEALTH RELATED SERVICES; (2) TO PROVIDE RESEARCH AND EDUCATION ABOUT HOSPICE CARE TO THE PUBLIC AND THE HEALTHCARE COMMUNITY; (3) TO HAVE AND TO EXERCISE TO THE EXTENT NECESSARY OR DESIRABLE FOR THE ACCOMPLISHMENT OF ANY OF THE AFORESAID PURPOSE, AND TO THE EXTENT THAT THEY ARE NOT INCONSISTENT WITH THE CHARITABLE PURPOSES OF THE CORPORATION AND THE LIMITATIONS IMPOSED BY SECTION 501(C)(3) OF THE CODE, ANY AND ALL POWERS CONFERRED UPON THE CORPORATION BY THE MARYLAND GENERAL CORPORATION LAW.

Activities or mission (Part I)

DEVELOP, OWN, MANAGE AND OPERATE A HOSPICE PROGRAM AND PROVIDE HOSPICE CARE RESEARCH AND EDUCATION.

  • GILCHRIST HOSPICE CARE (GHC) WAS FOUNDED IN 1994 AS A HOME HOSPICE ORGANIZATION AND THAT FUNCTION REMAINS AT THE CORE OF OUR MISSION OF PROVIDING THE FINEST IN END OF LIFE CARE. PATIENTS ARE OFFERED A WIDE ARRAY OF SERVICES THAT ARE PROVIDED BY MEMBERS OF AN INTERDISCIPLINARY TEAM THAT INCLUDES A PHYSICIAN, A REGISTERED NURSE, A HOSPICE AIDE, A SOCIAL WORKER AND A CHAPLAIN, AS WELL AS VOLUNTEERS. AFTER THE DEATH OF A LOVED ONE, BEREAVEMENT COUNSELORS PROVIDE COUNSELING AND SUPPORT FOR PATIENT FAMILIES AND THE COMMUNITY AT-LARGE. DURING FY2024, GHC PROVIDED END OF LIFE SERVICES FOR PATIENTS IN BALTIMORE, CARROLL, HARFORD AND HOWARD COUNTIES. DURING FY2024, WE PROVIDED QUALITY, COMPASSIONATE HOSPICE CARE FOR 332,775 HOMECARE PATIENT DAYS IN CENTRAL MARYLAND AND ANNE ARUNDEL COUNTY AND GRIEF SUPPORT FOR THOUSANDS OF FAMILY MEMBERS AND CAREGIVERS.GILCHRIST INPATIENT CENTERS ARE DESIGNED TO PROVIDE THE HIGHEST-LEVEL ACUTE INPATIENT HOSPICE CARE IN A HOME-LIKE SETTING. PATIENTS WITH PAIN OR SYMPTOMS THAT ARE DIFFICULT TO MANAGE IN THEIR HOMES ARE REFERRED TO GILCHRIST CENTER FOR CARE AND MANY GILCHRIST PATIENTS SPEND THEIR LAST DAYS OR HOURS IN THE RENOWNED FACILITY, WHICH ALLOWS PATIENT FAMILIES AND FRIENDS TO VISIT 24 HOURS A DAY, SEVEN DAYS A WEEK. THE FACILITY OPENED WITH 24 PATIENT ROOMS IN 1996 AND WAS EXTENDED, IN 2009, TO 34 PATIENT ROOMS DUE TO INCREASED DEMAND FOR PATIENT SERVICES. IN 2011, GILCHRIST EXPANDED INPATIENT SERVICES TO HOWARD COUNTY BY OPENING A 10 PATIENT ROOM FACILITY AND IN 2021 GILCHRIST OPENED AN 18 PATIENT ROOM FACILITY IN BALTIMORE CITY. THE INPATIENT CENTERS PROVIDED 18,303 PATIENT DAYS IN FY24.GILCHRIST HAS WORKED TO POSITION ITSELF TO HELP SENIORS WELL BEFORE THE NEED FOR HOSPICE. AS SERIOUS ILLNESSES INCREASE, WE HAVE THE ELDERCARE GROUP TO BEGIN HELPING PATIENTS UPSTREAM FROM A HOSPICE REFERRAL WHEN THEY BEGIN TO REALLY NEED AN INTEGRATED APPROACH. THE ELDER MEDICAL CARE PROGRAM ADDRESSES THE NEEDS OF PEOPLE WHO FIND IT DIFFICULT TO TRAVEL TO OFFICE APPOINTMENTS WITH MULTIPLE SPECIALISTS. GILCHRIST CAN ASSIST BY HELPING SENIORS REMAIN IN THEIR HOME OR RESIDENCE. WE PROVIDE COMPREHENSIVE, COORDINATED MEDICAL CARE THAT IS OVERSEEN BY A PHYSICIAN, WITH REGULAR VISITS BY A NURSE PRACTITIONER.GILCHRIST PROVIDES EDUCATION ABOUT HOSPICE CARE AND BEREAVEMENT SERVICES TO THE PUBLIC AND THE HEALTHCARE COMMUNITY. THROUGH OUR COUNSELING AND SUPPORT PROGRAM, COUNSELORS ARE AVAILABLE TO PROVIDE EMOTIONAL SUPPORT BEFORE AND AFTER A LOSS THROUGH GRIEF COUNSELING SESSIONS, SUPPORT GROUPS, WORKSHOPS AND REMEMBRANCE EVENTS.GILCHRIST HOSPICE CARE RECOGNIZED THAT THERE WAS A NEED TO PROVIDE THE FINEST IN END OF LIFE CARE FOR INFANTS AND CHILDREN AND FOR ALL THOSE WHO LOVE THEM. THEREFORE, GILCHRIST KIDS PROGRAM WAS STARTED. GILCHRIST KIDS' GOAL IS TO HELP ANY CHILD "LIVE WELL" DURING THEIR LAST MONTHS, WEEKS AND DAYS AND TO PROVIDE THEIR LOVED ONES WITH THE SUPPORT THEY NEED DURING THEIR MOST DIFFICULT TIME. BY PROVIDING RELIEF FROM PHYSICAL, EMOTIONAL, SOCIAL, AND SPIRITUAL SUFFERING, WE ENHANCE THE QUALITY OF LIFE FOR SERIOUSLY ILL CHILDREN AND THEIR FAMILIES.OUR PEDIATRIC HOME HOSPICE PROGRAM CARES FOR INFANTS, CHILDREN, TEENS, AND YOUNG ADULTS WITH LIFE-LIMITING ILLNESSES OR INJURIES AND IS FOCUSED ON:- PALLIATIVE (COMFORT ORIENTED) CARE- PAIN MANAGEMENT- SYMPTOM CONTROL- AND EMOTIONAL SUPPORTIN ADDITION TO ENHANCING THE CHILD'S CARE, GILCHRIST KIDS PROVIDES GRIEF SUPPORT AND COUNSELING TO SURVIVING FAMILY AND FRIENDS. IN FY24, GILCHRIST PROVIDED 8,877 DAYS OF CARE FOR PEDIATRIC PATIENTS.

    Expenses $62,409,763 · Revenue $73,154,912

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

Listed in Part VII

  • Timothy F Doran MD

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Stuart A Smith III

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Matthew P Bollinger

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Christel H Curtis

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • William L Beckford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jana C Burch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paul Celano MD

    DIRECTOR/GBMC MED DIRECTOR

    Total calculated
    $652,559
    From this org
    $0
    From related orgs
    $606,048
    Other
    $46,511
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $605,316 related
    Bonus
    $0
    Other
    $0 + $732 related
    Deferred
    $0 + $9,750 related
    Nontaxable benefits
    $0 + $36,761 related
    Filer's total
    $0 + $652,559 related

  • Gary I Cohen MD

    DIRECTOR/FORMER PHYSICIAN CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Ann P Croom

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Ira T Fine MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mitchell Goetze

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • William Hecht

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard D Huether

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Mangione

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kevin J Manning PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Redonda G Miller MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mary M Mullan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sekou Murphy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Right Rev John L Rabb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • William S Richardson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lorraine G Shapiro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sherri Zaslow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Catherine Hamel

    PRESIDENT GILCHRIST

    Total calculated
    $602,250
    From this org
    $0
    From related orgs
    $541,416
    Other
    $60,834
    Hours/week
    38 + 22 related

    Schedule J breakdown matched by us

    Base
    $0 + $384,791 related
    Bonus
    $0 + $89,975 related
    Other
    $0 + $66,650 related
    Deferred
    $0 + $9,059 related
    Nontaxable benefits
    $0 + $51,775 related
    Filer's total
    $0 + $602,250 related

  • John B Chessare MD

    DIRECTOR/CEO GBMC HEALTHCARE

    Total calculated
    $1,253,368
    From this org
    $0
    From related orgs
    $1,205,161
    Other
    $48,207
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $751,270 related
    Bonus
    $0 + $234,181 related
    Other
    $0 + $219,710 related
    Deferred
    $0 + $11,250 related
    Nontaxable benefits
    $0 + $36,957 related
    Filer's total
    $0 + $1,253,368 related

  • Laurie R Beyer

    EVP & CFO GBMC HEALTHCARE

    Total calculated
    $728,519
    From this org
    $0
    From related orgs
    $598,055
    Other
    $130,464
    Hours/week
    2 + 58 related

    Schedule J breakdown matched by us

    Base
    $0 + $411,791 related
    Bonus
    $0 + $177,829 related
    Other
    $0 + $8,435 related
    Deferred
    $0 + $73,746 related
    Nontaxable benefits
    $0 + $56,718 related
    Filer's total
    $0 + $728,519 related

  • Anthony Riley MD

    FOUNDING CHIEF MED DIR/GBMC PHYS

    Total calculated
    $272,539
    From this org
    $204,399
    From related orgs
    $0
    Other
    $68,140
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $203,874
    Bonus
    $0
    Other
    $525
    Deferred
    $4,590
    Nontaxable benefits
    $63,550
    Filer's total
    $272,539

  • Elizabeth Lee

    CFO SR. DIR. BUSINESS OPS GILCHRIST

    Total calculated
    $256,728
    From this org
    $187,175
    From related orgs
    $0
    Other
    $69,553
    Hours/week
    59 + 1 related

    Schedule J breakdown matched by us

    Base
    $167,232
    Bonus
    $19,151
    Other
    $792
    Deferred
    $5,384
    Nontaxable benefits
    $64,169
    Filer's total
    $256,728

  • Jessica L Gabbard

    CHIEF CLINICAL OFFICER

    Total calculated
    $292,200
    From this org
    $222,432
    From related orgs
    $0
    Other
    $69,768
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $211,006
    Bonus
    $11,322
    Other
    $104
    Deferred
    $4,954
    Nontaxable benefits
    $64,814
    Filer's total
    $292,200

  • Leana Hoover

    CHIEF INTEGRATION OFFICER

    Total calculated
    $181,678
    From this org
    $181,678
    From related orgs
    $0
    Other
    $0
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $172,662
    Bonus
    $8,500
    Other
    $516
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $181,678

  • Mark Gloth MD

    CHIEF MEDICAL OFFICER

    Total calculated
    $539,046
    From this org
    $486,289
    From related orgs
    $0
    Other
    $52,757
    Hours/week
    30 + 30 related

    Schedule J breakdown matched by us

    Base
    $403,393
    Bonus
    $81,950
    Other
    $946
    Deferred
    $4,714
    Nontaxable benefits
    $48,043
    Filer's total
    $539,046

  • Shannon Wollman

    CHIEF MARKETING OFFICER

    Total calculated
    $221,230
    From this org
    $215,316
    From related orgs
    $0
    Other
    $5,914
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $204,571
    Bonus
    $10,229
    Other
    $516
    Deferred
    $5,914
    Nontaxable benefits
    $0
    Filer's total
    $221,230

  • Philip E Shaheen MD

    PHYSICIAN

    Total calculated
    $338,508
    From this org
    $285,009
    From related orgs
    $0
    Other
    $53,499
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $261,961
    Bonus
    $20,000
    Other
    $3,048
    Deferred
    $4,330
    Nontaxable benefits
    $49,169
    Filer's total
    $338,508

  • Niroshi S Rajapaksemd

    PHYSICIAN

    Total calculated
    $339,504
    From this org
    $305,846
    From related orgs
    $0
    Other
    $33,658
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $304,398
    Bonus
    $0
    Other
    $1,448
    Deferred
    $4,672
    Nontaxable benefits
    $28,986
    Filer's total
    $339,504

  • Jason W Black MD

    GERIATRICIAN

    Total calculated
    $351,025
    From this org
    $292,928
    From related orgs
    $0
    Other
    $58,097
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $282,400
    Bonus
    $10,000
    Other
    $528
    Deferred
    $7,837
    Nontaxable benefits
    $50,260
    Filer's total
    $351,025

  • Mel P Daly MD

    GERIATRICIAN

    Total calculated
    $439,881
    From this org
    $368,382
    From related orgs
    $0
    Other
    $71,499
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $357,650
    Bonus
    $10,000
    Other
    $732
    Deferred
    $9,750
    Nontaxable benefits
    $61,749
    Filer's total
    $439,881

  • Stephanie Carpenter MD

    PHYSICIAN

    Total calculated
    $315,484
    From this org
    $305,032
    From related orgs
    $0
    Other
    $10,452
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $284,756
    Bonus
    $20,000
    Other
    $276
    Deferred
    $5,208
    Nontaxable benefits
    $5,244
    Filer's total
    $315,484

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

  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
GILCHRIST HOSPICE CARE, INC. RELIED ON ITS PARENT, GBMC HEALTHCARE, INC., TO SET COMPENSATION FOR GBMC'S PRESIDENT. 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 COMPENSATION COMMITTEE TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION.
PART I, LINE 4B
GBMC HEALTHCARE HAS A NON-QUALIFIED SUPPLEMENTAL RETIREMENT PLAN ("SERP"). THIS PLAN WAS APPROVED BY THE COMPENSATION COMMITTEE OF THE GBMC HEALTHCARE BOARD OF DIRECTORS TO SUPPLEMENT THE EXECUTIVE'S RETIREMENT INCOME. THE SUPPLEMENTAL RETIREMENT PLAN WAS DEVELOPED BASED ON AN INDEPENDENT CONSULTANT REPORT ON MARKET-BASED PRACTICES FOR SUPPLEMENTAL RETIREMENT PLANS, THE PERCENTAGE OF FINAL AVERAGE PAY, THE REQUIREMENTS FOR VESTING, PARTICIPANTS, AND PAY-OUT PROVISIONS WERE ESTABLISHED, REVIEWED, AND APPROVED BY THE COMPENSATION COMMITTEE. DURING CALENDAR YEAR 2023, THE FOLLOWING PARTICIPATED IN THE SERP PLAN: JOHN B. CHESSARE - $202,186 LAURIE R. BEYER - $62,496 CATHERINE HAMEL - $58,362 DURING THE CALENDAR YEAR, THE FOLLOWING INDIVIDUALS RECEIVED PAYMENTS AS PART OF THEIR PARTICIPATION IN THE SERP PLAN: JOHN B. CHESSARE - $202,186 CATHERINE HAMEL - $58,362
PART I, LINE 7
EXECUTIVE BONUSES ARE ESTABLISHED BY THE BOARD OF DIRECTORS COMPENSATION COMMITTEE WITH THE CONSULTATION OF AN INDEPENDENT THIRD-PARTY EXECUTIVE COMPENSATION CONSULTANT. THE COMPENSATION COMMITTEE FOLLOWS GOVERNANCE BEST PRACTICES: - ESTABLISHES AN EXECUTIVE COMPENSATION PHILOSOPHY. - CONDUCTS A COMPREHENSIVE COMPENSATION REVIEW AND APPROVAL PROCESS LED BY AN INDEPENDENT, BOARD-AUTHORIZED COMPENSATION COMMITTEE. - REINFORCES PAY-FOR-PERFORMANCE THROUGH AN ANNUAL INCENTIVE PLAN, WITH GOALS AND METRICS APPROVED BY THE COMPENSATION COMMITTEE; DETERMINATION OF ACHIEVEMENT AND AWARDS WITHIN COMPENSATION COMMITTEE'S SOLE DISCRETION. - PROMOTES TRANSPARENCY WITH ANNUAL REPORT TO THE BOARD. - ENSURES COMPLIANCE WITH IRS "INTERMEDIATE SANCTIONS" SAFE HARBOR* PROTECTIONS FOR EXECUTIVE COMPENSATION DECISIONS.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • GHC HOLDINGS LLC

    PROPERTY HOLDING COMPANY · MD · income $0 · assets $999,548

    Directly controlled by GILCHRIST HOSPICE CARE INC

Related partnerships

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

  • GBMC PAVILION WEST MEDICAL ARTS LLC

    REAL ESTATE MANAGEMENT · MD

  • GBMC-WP-PT LLC

    PHYSICAL THERAPY · MD

  • GREATER BALTIMORE DIAGNOSTIC IMAGING

    RADIOLOGY · MD

Related corporations and trusts

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

  • GBMC AGENCY

    C · INVESTMENTS · MD

  • RUXTON INSURANCE COMPANY

    C · INSURANCE CAPTIVE · BD

Provenance

Return type
form_990
Tax year
2023
Filed
2 May 2025
IRS schema version
2023v6.0
Source object
202511279349300246

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