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Nonprofiteer
← NEW HANOVER REGIONAL MEDICAL CENTER FOUNDATION INC

Form 990 for tax year 2024

Filed by NEW HANOVER REGIONAL MEDICAL CENTER FOUNDATION INC.

Totals

Total revenue
$5,745,206
Total expenses
$6,394,925
Contributions and grants received
$2,076,786
Grants paid
$6,259,785
Program services expenses (Part IX)
$6,278,393
Management and general expenses
$115,410
Fundraising expenses
$1,122
Program service expenses (Part III)
$6,278,393

Program services were 98.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ASHLEY WELLS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • DENNIS DOLL

    VICE CHAIR/TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • FRANK HOBART MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • JOHN PACE MD

    TRUSTEE (TO 12/31/24)

    Total calculated
    $0
    Hours/week
    0.2

  • JOSHUA LAMBETH

    TRUSTEE (TO 12/31/24)

    Total calculated
    $0
    Hours/week
    0.2

  • KATHERINE MCKENZIE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • LENWOOD SHERILL DEAN JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • MARTIN MEYERSON MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • ROBERT JOHNSTON

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • SLOAN TURNER DVM

    TRUSTEE (TO 12/31/24)

    Total calculated
    $0
    Hours/week
    0.2

  • BRYAN DURHAM MD

    TRUSTEE (TO 12/31/24)

    Total calculated
    $0
    Hours/week
    0.2

  • TANYA JORDAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • DENISE ARMBRISTER

    TRUSTEE (FR 1/1/24)

    Total calculated
    $0
    Hours/week
    0.2

  • DILIP SUBRAMANYAM

    TRUSTEE(FR 1/1/24)

    Total calculated
    $0
    Hours/week
    0.2

  • OZLEM NICHOLS

    TRUSTEE (FR 1/1/24)

    Total calculated
    $0
    Hours/week
    0.2

  • PHILIPPE MAITRE

    TRUSTEE (FR 1/1/24)

    Total calculated
    $0
    Hours/week
    0.2

  • TANYA ARMOUR

    EXEC DIRECTOR (FR 10/06/24)

    Total calculated
    $212,788
    From this org
    $0
    From related orgs
    $164,620
    Other
    $48,168
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $129,728 related
    Bonus
    $0 + $6,445 related
    Other
    $0 + $28,447 related
    Deferred
    $0 + $10,058 related
    Nontaxable benefits
    $0 + $38,110 related
    Filer's total
    $0 + $212,788 related

  • GEOFFREY GARDNER

    CFO (TO 4/28/24)

    Total calculated
    $1,299,330
    From this org
    $0
    From related orgs
    $1,254,252
    Other
    $45,078
    Hours/week
    0.2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $457,268 related
    Bonus
    $0 + $732,220 related
    Other
    $0 + $64,764 related
    Deferred
    $0 + $20,700 related
    Nontaxable benefits
    $0 + $24,378 related
    Filer's total
    $0 + $1,299,330 related

  • SHARON HARRINGTON

    VP CHIEF PHILANTHROPY OFF(FR 6/2/24)

    Total calculated
    $305,826
    From this org
    $0
    From related orgs
    $290,978
    Other
    $14,848
    Hours/week
    8 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $227,170 related
    Bonus
    $0 + $41,184 related
    Other
    $0 + $22,624 related
    Deferred
    $0 + $14,319 related
    Nontaxable benefits
    $0 + $529 related
    Filer's total
    $0 + $305,826 related

  • DOROTHY ANN CAULKINS

    SVP FDN (TO 6/1/24)

    Total calculated
    $842,395
    From this org
    $0
    From related orgs
    $803,158
    Other
    $39,237
    Hours/week
    8 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $160,279 related
    Bonus
    $0 + $335,344 related
    Other
    $0 + $307,535 related
    Deferred
    $0 + $10,620 related
    Nontaxable benefits
    $0 + $28,617 related
    Filer's total
    $0 + $842,395 related

  • DANA CASSON

    EXEC DIRECTOR (TO 8/31/24)

    Total calculated
    $289,274
    From this org
    $0
    From related orgs
    $254,876
    Other
    $34,398
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $187,065 related
    Bonus
    $0 + $35,693 related
    Other
    $0 + $32,118 related
    Deferred
    $0 + $8,381 related
    Nontaxable benefits
    $0 + $26,017 related
    Filer's total
    $0 + $289,274 related

  • ALICE POPE

    EVP/CFO (FR 4/29/24)

    Total calculated
    $1,175,156
    From this org
    $0
    From related orgs
    $991,687
    Other
    $183,469
    Hours/week
    0.2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $824,247 related
    Bonus
    $0
    Other
    $0 + $167,440 related
    Deferred
    $0 + $173,333 related
    Nontaxable benefits
    $0 + $10,136 related
    Filer's total
    $0 + $1,175,156 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

  • 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)

PART I, LINE 3
THE FILING ORGANIZATION IS AN INTEGRAL PART OF NOVANT HEALTH, AN INTEGRATED HEALTHCARE SYSTEM AND RELIES UPON NOVANT HEALTH, INC., THE PARENT ORGANIZATION, TO USE THE PROCESS DESCRIBED IN PART VI, LINE 15A/15B OF THIS RETURN TO ESTABLISH COMPENSATION FOR CERTAIN EXECUTIVES. THIS PROCESS ADHERES TO THE REQUIREMENTS SET FORTH TO SECURE THE REBUTTABLE PRESUMPTION OF REASONABLENESS AND INCLUDES A REVIEW AND APPROVAL BY INDEPENDENT AND DISINTERESTED MEMBERS OF A COMPENSATION COMMITTEE, CONSULTATION WITH INDEPENDENT COMPENSATION CONSULTANTS, THE UTILIZATION OF THIRD-PARTY COMPARABILITY DATA SUCH AS PUBLISHED COMPENSATION SURVEYS, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION.
PART I, LINES 4A-B
PART I, LINES 4A-C: SEVERANCE, NONQUALIFIED, AND EQUITY-BASED PAYMENTS SEVERANCE DOROTHY ANN CAULKINS $218,478 NONQUALIFIED DOROTHY ANN CAULKINS $55,503 GEOFFREY GARDNER $22,093 EQUITY-BASED NONE
PART I, LINE 4A - SEVERANCE PLAN:
ELIGIBLE EXECUTIVES MAY RECEIVE SEVERANCE PAY THAT IS BASED ON ANNUAL COMPENSATION FOR A SPECIFIED PERIOD OF TIME. THE SEVERANCE PAY WOULD BE PAID ONLY IN THE EVENT OF CERTAIN TYPES OF EMPLOYMENT TERMINATION, AND IS FURTHER CONTINGENT ON THE SATISFACTION OF OTHER CONDITIONS SUCH AS COMPLIANCE WITH A NON-COMPETITION COVENANT. ANY CURRENT YEAR PAYMENTS HAVE BEEN INCLUDED IN THE COMPENSATION AMOUNTS REPORTED IN PART VII AND IN COLUMN (B)(III) OF SCHEDULE J. THE COMPENSATION AND LEADERSHIP COMMITTEE OF THE NOVANT HEALTH BOARD REVIEWS, APPROVES, AND OVERSEES ALL ASPECTS AND ALL ELEMENTS OF EXECUTIVE COMPENSATION AND BENEFITS, INCLUDING THE AMOUNTS AWARDED UNDER THIS SEVERANCE PLAN.
PART I, LINE 4B - SUPPLEMENTAL NONQUALIFIED RETIREMENT PLANS:
THE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN ("SERP") IS INTENDED TO SUPPORT RETENTION OF KEY EXECUTIVES, AND TO OFFER COMPETITIVE TOTAL COMPENSATION. GENERALLY, ANNUAL CONTRIBUTIONS TO THE PLAN OR PAYMENTS TO PARTICIPANTS WILL BE BASED ON A PERCENTAGE OF THE PARTICIPANT'S BASE SALARY AS OF JANUARY 1ST OF THE PREVIOUS PLAN YEAR AND ARE REPORTED IN COLUMN (C) OF SCHEDULE J. PRIOR TO MAKING THE CONTRIBUTIONS OR PAYMENTS, THE NOVANT HEALTH COMPENSATION AND LEADERSHIP COMMITTEE ("COMMITTEE") WILL APPROVE THE AMOUNTS AS TO REASONABLENESS, WHEN COMBINED WITH ALL OTHER ANNUAL COMPENSATION. A 3 YEAR CLASS-YEAR VESTING PERIOD WILL APPLY UP TO AGE 62, WHEN ALL MONEY WOULD BE VESTED AND PAID OUT TO THE PARTICIPANT. OTHERWISE, VESTING WILL OCCUR ON JANUARY 1ST OF EACH YEAR FOR THE APPROPRIATE CLASS-YEAR VESTING PERIOD. THE COMMITTEE REVIEWS, APPROVES, AND OVERSEES ALL ASPECTS AND ALL ELEMENTS OF EXECUTIVE COMPENSATION AND BENEFITS, INCLUDING THE AMOUNTS AWARDED UNDER THIS SERP.

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
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202513189349307171

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

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