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Nonprofiteer
← MERITER FOUNDATION INC

Form 990 for tax year 2023

Filed by MERITER FOUNDATION INC.

Totals

Total revenue
$3,471,043
Total expenses
$3,207,715
Contributions and grants received
$1,790,154
Grants paid
$1,401,718
Program service revenue
$873,221
Investment income
$807,668
Other revenue
$0
Total assets, end of year
$24,807,653
Total liabilities, end of year
$1,760,628
Net assets or fund balances, end of year
$23,047,025
Program services expenses (Part IX)
$1,659,100
Management and general expenses
$688,076
Fundraising expenses
$860,539
Program service expenses (Part III)
$1,659,100

Program services were 51.7% 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.

  • 1c · Fundraising events

    $88,510

  • 1d · Related organizations

    $100,215

  • 1e · Government grants (contributions)

    $293,108

  • 1f · All other contributions, gifts and grants

    $1,308,321

  • 2a · Program service revenue: MANAGEMENT FEES-HOSPITAL

    total $873,221 · related or exempt $873,221

  • 3 · Investment income

    total $977,704 · excluded $977,704

  • 7a · Gross sales of assets other than inventory

    securities $4,079,776

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

    securities $4,249,812

  • 7c · Gain or loss

    securities -$170,036

  • 7d · Net gain or loss

    total -$170,036 · excluded -$170,036

  • 8a · Fundraising events: gross income

    $65,778

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

    $88,510

  • 8b · Fundraising events: direct expenses

    $65,778

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,391,718 · program services $1,391,718

  • 2 · Grants to domestic individuals

    total $10,000 · program services $10,000

  • 5 · Compensation of officers, directors and key employees

    total $286,648 · management and general $214,986 · fundraising $71,662

  • 7 · Other salaries and wages

    total $463,801 · program services $207,694 · management and general -$13,259 · fundraising $269,366

  • 8 · Pension plan contributions

    total $35,611 · program services $9,858 · management and general $9,572 · fundraising $16,181

  • 9 · Other employee benefits

    total $88,937 · program services $24,620 · management and general $23,906 · fundraising $40,411

  • 10 · Payroll taxes

    total $54,945 · program services $15,210 · management and general $14,769 · fundraising $24,966

  • 11g · Fees: other

    total $269,604 · management and general $93,249 · fundraising $176,355

  • 12 · Advertising and promotion

    total $1,820 · fundraising $1,820

  • 13 · Office expenses

    total $14,127 · management and general $826 · fundraising $13,301

  • 16 · Occupancy

    total $51,079 · management and general $51,079

  • 17 · Travel

    total $6,472 · management and general $1,144 · fundraising $5,328

  • 19 · Conferences, conventions and meetings

    total $8,927 · fundraising $8,927

  • 24a · Other expenses: SHARED SERVICES FEES

    total $301,711 · management and general $301,711

  • 24b · Other expenses: SPECIAL EVENTS

    total $120,211 · management and general -$15 · fundraising $120,226

  • 24c · Other expenses: MISCELLANEOUS

    total $74,228 · management and general -$9,892 · fundraising $84,120

  • 24d · Other expenses: PRINTING & PUBLICATIONS

    total $27,031 · fundraising $27,031

  • 24e · All other expenses

    total $845 · fundraising $845

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $200 · end of year $200

  • 2 · Savings and temporary cash investments

    beginning of year $2,434,839 · end of year $840,220

  • 3 · Pledges and grants receivable

    beginning of year $1,214,332 · end of year $536,421

  • 4 · Accounts receivable

    beginning of year $23,339 · end of year $38,674

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,504 · end of year $2,495

  • 11 · Investments: publicly traded securities

    beginning of year $25,441,262 · end of year $23,389,643

  • 17 · Accounts payable and accrued expenses

    beginning of year $936,740 · end of year $299,525

  • 18 · Grants payable

    beginning of year $1,082,175 · end of year $1,449,603

  • 19 · Deferred revenue

    beginning of year $223,351 · end of year $11,500

  • 27 · Net assets without donor restrictions

    beginning of year $12,526,386 · end of year $12,111,804

  • 28 · Net assets with donor restrictions

    beginning of year $14,358,824 · end of year $10,935,221

Mission and programs · 2023

Mission

MERITER FOUNDATION EXISTS TO RAISE AND MANAGE GIFTS IN SUPPORT OF THE PROGRAMS AND SERVICES THAT ADVANCE THE MISSION OF MERITER HOSPITAL, INC.

Activities or mission (Part I)

RAISE, INVEST, GRANT AND STEWARD GIFTS ON BEHALF OF MERITER HOSPITAL, INC.

  • MERITER FOUNDATION, INC. IS A NOT-FOR-PROFIT 501 (C)(3) CHARITABLE ORGANIZATION THAT RAISES, INVESTS, GRANTS AND STEWARDS GIFTS ON BEHALF OF MERITER HOSPITAL, INC. THOUSANDS OF INDIVIDUALS AND ORGANIZATIONS HAVE OFFERED CHARITABLE GIVING SUPPORT THAT HAS HELPED ADVANCE MERITER'S COMMITMENT TO THE HEALTHCARE NEEDS OF OUR COMMUNITY. SUCH GIFTS HAVE A POSITIVE AND POWERFUL IMPACT THAT SPANS GENERATIONS AND EXTENDS BEYOND THE DOORS OF MERITER HOSPITAL, INC. INTO THE HEART OF DANE COUNTY AND BEYOND. PHILANTHROPY PROVIDES A MARGIN OF EXCELLENCE THAT ALLOWS MERITER TO ACCOMPLISH PROJECTS AND IMPLEMENT PROGRAMS THAT MIGHT NOT OTHERWISE BE POSSIBLE. IN ADDITION TO RAISING MONEY FOR PROGRAMS AND CAPITAL PROJECTS, THE FOUNDATION GRANTS FUNDS FROM EXISTING ASSETS TO SELECT RESEARCH AND HEALTH EDUCATION INITIATIVES.

    Expenses $1,659,100 · Grants $1,401,718 · Revenue $873,221

As filed on the 2023 return.

Listed in Part VII

  • James Arnett

    PRESIDENT & CEO UPH-MERITER

    Total calculated
    $839,249
    From this org
    $0
    From related orgs
    $742,672
    Other
    $96,577
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $430,516 related
    Bonus
    $0 + $304,419 related
    Other
    $0 + $7,737 related
    Deferred
    $0 + $65,625 related
    Nontaxable benefits
    $0 + $30,952 related
    Filer's total
    $0 + $839,249 related

  • Bobby Adamov

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Tricia Braun To 923

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Holly Cremer Berkenstadt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sherry Casali

    CNO UPH-MERITER

    Total calculated
    $458,419
    From this org
    $0
    From related orgs
    $396,653
    Other
    $61,766
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $282,734 related
    Bonus
    $0 + $104,351 related
    Other
    $0 + $9,568 related
    Deferred
    $0 + $47,400 related
    Nontaxable benefits
    $0 + $14,366 related
    Filer's total
    $0 + $458,419 related

  • Diego Campoverde Cisneros To 523

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Mary Cullen

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Rebecca Madson

    PRESIDENT, FOUNDATION

    Total calculated
    $286,648
    From this org
    $244,955
    From related orgs
    $0
    Other
    $41,693
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $210,777
    Bonus
    $33,876
    Other
    $302
    Deferred
    $10,062
    Nontaxable benefits
    $31,631
    Filer's total
    $286,648

  • Gabe Javier To 923

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Levy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Chas Martin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Matt Messinger To 523

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tina Noel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Katie Schmitt MD

    BOARD MEMBER

    Total calculated
    $491,296
    From this org
    $0
    From related orgs
    $439,923
    Other
    $51,373
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $418,063 related
    Bonus
    $0 + $20,000 related
    Other
    $0 + $1,860 related
    Deferred
    $0 + $16,500 related
    Nontaxable benefits
    $0 + $34,873 related
    Filer's total
    $0 + $491,296 related

  • John Sims

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tony Sullivan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Alia Stevenson To 523

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Matt Vanderloo

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Pam Wetzel MD

    CHIEF MED OFFICER UPH-MERITER

    Total calculated
    $646,375
    From this org
    $0
    From related orgs
    $610,383
    Other
    $35,992
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $446,668 related
    Bonus
    $0 + $150,864 related
    Other
    $0 + $12,851 related
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $22,792 related
    Filer's total
    $0 + $646,375 related

  • Mai Zong Vue To 523

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Beth Erdman

    CFO UPH-MERITER

    Total calculated
    $475,774
    From this org
    $0
    From related orgs
    $427,113
    Other
    $48,661
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $327,266 related
    Bonus
    $0 + $92,774 related
    Other
    $0 + $7,073 related
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $35,461 related
    Filer's total
    $0 + $475,774 related

  • Brianna Yanke

    SR DIRECTOR DEVELOPMENT

    Total calculated
    $126,993
    From this org
    $116,666
    From related orgs
    $0
    Other
    $10,327
    Hours/week
    45

  • Art Nizza Dsw To 118

    FORMER CEO UPH-MERITER

    Total calculated
    $156,611
    From this org
    $0
    From related orgs
    $156,611
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $156,611 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $156,611 related

  • Sue Erickson To 622

    FORMER CEO UPH-MERITER

    Total calculated
    $1,969,435
    From this org
    $0
    From related orgs
    $1,825,397
    Other
    $144,038
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $700,603 related
    Bonus
    $0 + $488,275 related
    Other
    $0 + $636,519 related
    Deferred
    $0 + $123,196 related
    Nontaxable benefits
    $0 + $20,842 related
    Filer's total
    $0 + $1,969,435 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)

PART I, LINES 4A-B
SEVERANCE PAYMENTS: THE FOLLOWING INDIVIDUAL(S) RECEIVED SEVERANCE PAYMENTS DURING THE YEAR THAT WERE INCLUDED IN THEIR TAXABLE INCOME: ART NIZZA, DSW $156,611. NONQUALIFIED RETIREMENT PLAN CONTRIBUTIONS: THE FOLLOWING INDIVIDUAL(S) PARTICIPATED IN AND RECEIVED CONTRIBUTIONS IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: JAMES ARNETT $ 52,425, SUE ERICKSON $ 106,696 & SHERRY CASALI $ 34,200. NONQUALIFIED RETIREMENT PLAN DISTRIBUTIONS: THE FOLLOWING INDIVIDUAL(S) PARTICIPATED IN AND RECEIVED PAYMENTS FROM A SUPPLEMENTAL NON-QUALIFIED PLAN: SUE ERICKSON $ 610,678, BETH ERDMAN $ 282,550 & PAM WETZEL $ 349,479. PAYOUTS ARE MADE WITH VESTED FUNDS, AS ESTABLISHED BY PLAN DOCUMENTS.
SCHEDULE J, PART I, LINE 3 - ESTABLISHING COMPENSATION
THE EXECUTIVE COMMITTEE OF THE IOWA HEALTH SYSTEM BOARD OF DIRECTORS ("COMMITTEE") CONDUCTS A COMPREHENSIVE REVIEW OF ALL COMPENSATION AND BENEFITS PROVIDED TO THE ORGANIZATION'S OFFICERS AND KEY EMPLOYEES, INCLUDING THE IHS CHIEF EXECUTIVE OFFICER (THE "CEO"). THIS REVIEW COMPARES THE TOTAL COMPENSATION AND VALUE OF BENEFITS PROVIDED TO EACH EXECUTIVE, ON A POSITION BY POSITION BASIS, TO THAT PROVIDED TO FUNCTIONALLY SIMILAR POSITIONS IN SIMILARLY SITUATED ORGANIZATIONS. THIS REVIEW IS CONDUCTED BY THE COMMITTEE WITH THE ASSISTANCE OF A NATIONAL, INDEPENDENT COMPENSATION CONSULTANT REPORTING DIRECTLY TO THE COMMITTEE. THE COMMITTEE HAS BEEN DELEGATED THE RESPONSIBILITY FOR OVERSIGHT OF EXECUTIVE COMPENSATION AND IS MADE UP ENTIRELY OF INDEPENDENT DIRECTORS WITHIN THE MEANING OF THE "REBUTTABLE PRESUMPTION OF REASONABLENESS" UNDER THE FEDERAL INCOME TAX INTERMEDIATE SANCTIONS RULES. THE COMPENSATION CONSULTANT HOLDS ITSELF OUT TO THE PUBLIC AS A COMPENSATION CONSULTANT, PERFORMS THESE VALUATIONS ON A REGULAR BASIS, IS QUALIFIED TO MAKE THE VALUATIONS OF THE SERVICES INVOLVED, AND HAS SO INDICATED IN A WRITTEN CERTIFICATION TO THE COMMITTEE. BASED UPON THE ADVICE OF THE COMPENSATION CONSULTANT, AND APPLYING THE BOARD'S COMPENSATION PHILOSOPHY, THE COMMITTEE ESTABLISHES THE OVERALL ADJUSTMENT IN COMPENSATION AND BENEFITS FOR THE TOP EXECUTIVES IN THE ENTIRE HEALTH SYSTEM (SEVERAL OF WHICH ARE EMPLOYEES OF THE FILING ORGANIZATION) AND DELEGATES TO THE CEO THE AUTHORITY TO MAKE ADJUSTMENTS, CONSISTENT WITH THE COMMITTEE'S DIRECTION, FOR THE OTHER EXECUTIVES. THE COMMITTEE DETERMINES ALL ASPECTS OF THE COMPENSATION AND BENEFITS OF THE CEO. THE COMMITTEE INTENTIONALLY TAKES ALL THE STEPS NECESSARY TO QUALIFY FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER THE FEDERAL INCOME TAX LAW INTERMEDIATE SANCTIONS RULES, INCLUDING CONTEMPORANEOUS SUBSTANTIATION OF ALL COMMITTEE MEETINGS AND ACTIONS. THE ORGANIZATION BELIEVES IT IS IN FULL COMPLIANCE WITH SECTION 4958 OF THE IRC, PROVIDES NO MORE THAN REASONABLE AND FAIR MARKET VALUE COMPENSATION AND BENEFITS FOR ITS EMPLOYEES AND DOES NOT PROVIDE ANY EXCESS COMPENSATION OR BENEFITS AS PROHIBITED BY SECTION 4958.

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.

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.

  • ADVANCED IMAGING CENTER LLC

    DIAGNOSTIC RADIOLOGY CENTER · IA · general or managing partner

  • ANKENY MEDICAL PARK SURGERY CENTER LC

    AMBULATORY SURGERY CENTER · IA · general or managing partner

  • CENTRAL IOWA PHYSIO LLC

    PHYSICAL THERAPY SERVICES · IA · general or managing partner

  • DUBUQUE ENDOSCOPY CENTER LC

    AMBULATORY SURGERY CENTER · IA · general or managing partner

  • EASTERN IOWA SLEEP SUPPLY LLC

    MEDICAL EQUIPMENT RETAIL SALES · IA · general or managing partner

  • HEALTH CARE AFFILIATES OF THE TRI-STATES LLC

    PROVIDE ACCESS TO LICENSED SOFTWARE · IA · general or managing partner

  • IOWA DIAGNOSTIC IMAGING AND PROCEDURE CENTER LC

    OUTPATIENT DIAGNOSTIC IMAGING · IA · general or managing partner

  • IOWA HEALTH SYSTEM CONTRACTING SERVICES LC

    GROUP PURCHASING · IA · general or managing partner

  • LAKEVIEW SURGERY CENTER LC

    SURGERY CENTER · IA · general or managing partner

  • MR ASSOCIATES LLP

    OWN AND OPERATE MR UNIT · IA · general or managing partner

  • ORTHOPAEDIC OUTPATIENT SURGERY CENTER LC

    AMBULATORY SURGERY CENTER · IA · general or managing partner

  • THE OUTPATIENT SURGERY CENTER OF CEDAR RAPIDS LLC

    AMBULATORY SURGERY CENTER. · IA · general or managing partner

  • UNITED MEDICAL PARK ASC LLC DBA THE SURGERY CENTER AT UNITED MEDICAL PARK

    AMBULATORY SURGERY CENTER · IA · general or managing partner

  • UPHT-SCA HOLDINGS LLC

    AMBULATORY SURGERY CENTER INVESTMENT · DE

  • WEST LAKES SLEEP CENTER LLC

    SLEEP DISORDER DIAGNOSTIC TESTING FACILITY · IA · general or managing partner

Related corporations and trusts

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

  • ABBE MANAGEMENT CORPORATION

    C · MANAGEMENT SERVICES · IA

  • BROADBAND INC

    C · INFORMATION TECHNOLOGY MGMT. · IA

  • DELHI POINT CONDO ASSOCIATION

    C · REAL ESTATE MANAGEMENT · IA

  • HCP CORPORATION

    C · REAL ESTATE RENTAL · WI

  • HANSEN CHARITABLE REMAINDER ANNUITY TRUST

    T · INVESTMENT · IA

  • HANSEN CHARITABLE REMAINDER UNITRUST

    T · INVESTMENT · IA

  • HEALTH ADVANTAGE PLUS INC

    C · PHYSICAL THERAPY · IA

  • HNC SERVICES

    C · FIBER OPTIC NETWORK SERVICES · IA

  • MEDIMORE INC

    C · MANAGED CARE · IA

  • MERITER HEALTH ENTERPRISES INC

    C · MANAGEMENT SERVICES · WI

  • MERITER MANAGEMENT SERVICES INC

    C · ADMINISTRATIVE SERVICES · WI

  • PRECEDENCE INC

    C · MANAGED MENTAL CARE · IA

  • PRECEDENCE PLUS INC

    C · MANAGED MENTAL CARE · IA

  • STL HEALTH RESOURCES CO

    C · PHYSICIAN OFFICE RENTAL · IA

  • TRINITY HEALTH ENTERPRISES INC

    C · RETAIL DURABLE MEDICAL EQUIPMENT & PHARMACY · IL

Provenance

Return type
form_990
Tax year
2023
Filed
10 November 2024
IRS schema version
2023v5.1
Source object
202413199349308846

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