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Nonprofiteer
← INOVA HEALTH SYSTEM FOUNDATION

Form 990 for tax year 2024

Filed by INOVA HEALTH SYSTEM FOUNDATION.

Totals

Total revenue
$885,906,035
Total expenses
$55,112,749
Contributions and grants received
$44,324,894
Grants paid
$26,107,043
Program service revenue
-$1,777,973
Investment income
$826,991,109
Other revenue
$16,368,005
Total assets, end of year
$9,169,739,339
Total liabilities, end of year
$3,002,714,319
Net assets or fund balances, end of year
$6,167,025,020
Program services expenses (Part IX)
$42,388,611
Management and general expenses
$1,786,437
Fundraising expenses
$10,937,701
Program service expenses (Part III)
$42,388,611

Program services were 76.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • JEAN STACK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • PAUL SAVILLE

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • RENEE DESILVA

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • ALAN DABBIERE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • TERRI MCCLEMENTS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • JEFFREY MCKAY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • MARK MOORE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • NAZZIC KEENE

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    3

  • CHARLES BEARD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • PAUL MISENER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • LESLEY KALAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • J STEPHEN JONES

    CEO, PRESIDENT

    Total calculated
    $6,579,453
    From this org
    $0
    From related orgs
    $6,505,968
    Other
    $73,485
    Hours/week
    13 + 37 related

    Schedule J breakdown matched by us

    Base
    $0 + $2,203,308 related
    Bonus
    $0 + $3,718,894 related
    Other
    $0 + $583,766 related
    Deferred
    $0 + $40,250 related
    Nontaxable benefits
    $0 + $33,235 related
    Filer's total
    $0 + $6,579,453 related

  • MADELINE ERARIO MD

    TRUSTEE

    Total calculated
    $599,841
    From this org
    $0
    From related orgs
    $476,627
    Other
    $123,214
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $326,733 related
    Bonus
    $0 + $142,686 related
    Other
    $0 + $7,208 related
    Deferred
    $0 + $119,492 related
    Nontaxable benefits
    $0 + $3,722 related
    Filer's total
    $0 + $599,841 related

  • JILL DUNCAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • KATHRYN FALK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • RICARDO TALENTO

    ASST TREASURER/CFO BEG 1/1/24

    Total calculated
    $876,724
    From this org
    $0
    From related orgs
    $702,376
    Other
    $174,348
    Hours/week
    13 + 37 related

    Schedule J breakdown matched by us

    Base
    $0 + $513,514 related
    Bonus
    $0 + $182,773 related
    Other
    $0 + $6,089 related
    Deferred
    $0 + $139,121 related
    Nontaxable benefits
    $0 + $35,227 related
    Filer's total
    $0 + $876,724 related

  • JOHN GAUL

    ASST SEC/CHIEF LEGAL OFFICER

    Total calculated
    $1,788,449
    From this org
    $0
    From related orgs
    $1,679,638
    Other
    $108,811
    Hours/week
    12 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $802,094 related
    Bonus
    $0 + $578,739 related
    Other
    $0 + $298,805 related
    Deferred
    $0 + $71,187 related
    Nontaxable benefits
    $0 + $37,624 related
    Filer's total
    $0 + $1,788,449 related

  • ALICE POPE

    ASST TREASURER/CFO ENDING 1/1/24

    Total calculated
    $1,198,901
    From this org
    $0
    From related orgs
    $1,125,575
    Other
    $73,326
    Hours/week
    13 + 37 related

    Schedule J breakdown matched by us

    Base
    $0 + $355,059 related
    Bonus
    $0 + $766,178 related
    Other
    $0 + $4,338 related
    Deferred
    $0 + $67,721 related
    Nontaxable benefits
    $0 + $5,605 related
    Filer's total
    $0 + $1,198,901 related

  • STEVEN NORRIS

    PRESIDENT SVP IHS FOUNDATION

    Total calculated
    $746,521
    From this org
    $671,603
    From related orgs
    $0
    Other
    $74,918
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $400,081
    Bonus
    $167,044
    Other
    $104,478
    Deferred
    $50,109
    Nontaxable benefits
    $24,809
    Filer's total
    $746,521

  • AMY RICHARDS

    AVP PHILANTHROPY PROGRAM LEADER

    Total calculated
    $345,465
    From this org
    $265,199
    From related orgs
    $0
    Other
    $80,266
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $203,322
    Bonus
    $60,860
    Other
    $1,017
    Deferred
    $56,313
    Nontaxable benefits
    $23,953
    Filer's total
    $345,465

  • LAURA MOSES

    AVP FOUNDATION OPS AND FINANCE

    Total calculated
    $374,511
    From this org
    $308,348
    From related orgs
    $0
    Other
    $66,163
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $217,061
    Bonus
    $64,593
    Other
    $26,694
    Deferred
    $41,650
    Nontaxable benefits
    $24,513
    Filer's total
    $374,511

  • SUZANNE QUINN

    AVP PHILANTHROPY PROGRAM L

    Total calculated
    $336,531
    From this org
    $273,605
    From related orgs
    $0
    Other
    $62,926
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $209,735
    Bonus
    $60,860
    Other
    $3,010
    Deferred
    $61,864
    Nontaxable benefits
    $1,062
    Filer's total
    $336,531

  • JANET FILIP

    EXEC DIR PHILANTHROPY

    Total calculated
    $312,449
    From this org
    $226,133
    From related orgs
    $0
    Other
    $86,316
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,758
    Bonus
    $53,039
    Other
    $1,336
    Deferred
    $53,021
    Nontaxable benefits
    $33,295
    Filer's total
    $312,449

  • SHANNON HISKEY

    EXEC DIR PHILANTHROPY

    Total calculated
    $301,537
    From this org
    $240,729
    From related orgs
    $0
    Other
    $60,808
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,215
    Bonus
    $54,922
    Other
    $2,592
    Deferred
    $39,254
    Nontaxable benefits
    $21,554
    Filer's total
    $301,537

  • SAGE BOLTE

    FORMER PPRESIDENT IHS FOUNDATION

    Total calculated
    $983,337
    From this org
    $0
    From related orgs
    $831,073
    Other
    $152,264
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $526,063 related
    Bonus
    $0 + $301,310 related
    Other
    $0 + $3,700 related
    Deferred
    $0 + $118,539 related
    Nontaxable benefits
    $0 + $33,725 related
    Filer's total
    $0 + $983,337 related

  • CHRISTOPHER SMITH

    FORMER VP FINANCE IAH

    Total calculated
    $563,061
    From this org
    $0
    From related orgs
    $458,253
    Other
    $104,808
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $317,585 related
    Bonus
    $0 + $138,239 related
    Other
    $0 + $2,429 related
    Deferred
    $0 + $103,215 related
    Nontaxable benefits
    $0 + $1,593 related
    Filer's total
    $0 + $563,061 related

  • TERRI FEELY

    FORMER CHIEF PEOPLE OFFICER IHS

    Total calculated
    $1,825,387
    From this org
    $0
    From related orgs
    $1,682,483
    Other
    $142,904
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $786,782 related
    Bonus
    $0 + $578,739 related
    Other
    $0 + $316,962 related
    Deferred
    $0 + $102,276 related
    Nontaxable benefits
    $0 + $40,628 related
    Filer's total
    $0 + $1,825,387 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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
PART I, LINE 4B, SERP PLAN PAYMENTS: TERRI FEELY - $303,251 JOHN GAUL - $286,467 J. STEPHEN JONES - $521,941 LAURA MOSES - $21,933 STEVEN NORRIS - $101,511 THE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) IS A NONQUALIFIED RETIREMENT PLAN. EMPLOYEES ELIGIBLE TO PARTICIPATE ARE AT LEVEL OF ASSISTANT VICE PRESIDENT AND ABOVE. EACH YEAR, A CERTAIN PERCENTAGE OF EACH PARTICIPANT'S BASE SALARY IS CONTRIBUTED TO THE SERP RANGING FROM 10% TO 25%, DEPENDING ON THE POSITION. VESTING FOR EACH CONTRIBUTION WILL BE THREE YEARS FROM THE AWARD DATE, AND PARTICIPANTS ARE PAID OUT IMMEDIATELY UPON VESTING. AT AGE 62 AND LATER, PARTICIPANTS ARE 100% VESTED AT THE TIME OF EACH ANNUAL AWARD AND PAID OUT IMMEDIATELY UPON VESTING. ANY VESTED BALANCE IS PAID TO PARTICIPANTS AS A TAXABLE EVENT.

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

  • INOVA HEALTH CARE SERVICES

    $26,107,043

    MULTIPLE GRANTS MADE TO FURTHER THE MISSION OF INOVA HEALTH CARE SERVICES OF PROVIDING QUALITY HEALTHCARE TO THE COMMUNITY.

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.

Related partnerships

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

Related corporations and trusts

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

  • INOVA HOLDINGS INC

    C · MEDICAL EQUIPMENT · VA · 100% owned · share of income $168,379,333 · share of assets $225,714,742 · controlled entity

    Directly controlled by INOVA HEALTH SYSTEM FOUNDATION

Provenance

Return type
form_990
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.2
Source object
202503159349304435

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