Skip to content
Nonprofiteer
← MERITUS HEALTHCARE FOUNDATION INC

Form 990 for tax year 2022

Filed by MERITUS HEALTHCARE FOUNDATION INC.

Totals

Total revenue
$10,015,612
Total expenses
$3,843,651
Contributions and grants received
$9,781,724
Grants paid
$474,160
Program service revenue
$0
Investment income
$107,661
Other revenue
$126,227
Total assets, end of year
$11,654,779
Total liabilities, end of year
$6,736
Net assets or fund balances, end of year
$11,648,043
Program services expenses (Part IX)
$3,809,769
Management and general expenses
$29,728
Fundraising expenses
$4,154
Program service expenses (Part III)
$3,809,769

Program services were 99.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MAULIK JOSHI DR PH

    PRESIDENT & CEO

    Total calculated
    $1,312,223
    From this org
    $0
    From related orgs
    $1,095,877
    Other
    $216,346
    Hours/week
    3 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $728,283 related
    Bonus
    $0 + $347,094 related
    Other
    $0 + $20,500 related
    Deferred
    $0 + $194,494 related
    Nontaxable benefits
    $0 + $21,852 related
    Filer's total
    $0 + $1,312,223 related

  • MATTHEW WAGNER MD

    CHAIR

    Total calculated
    $170,236
    From this org
    $0
    From related orgs
    $145,433
    Other
    $24,803
    Hours/week
    3 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $145,433 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,815 related
    Nontaxable benefits
    $0 + $17,988 related
    Filer's total
    $0 + $170,236 related

  • WAYNE ALTER

    DIRECTOR (AS OF 1/2023)

    Total calculated
    $0
    Hours/week
    3

  • JANE ANDERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • PAUL FREY

    DIRECTOR (AS OF 1/2023)

    Total calculated
    $0
    Hours/week
    3

  • RYAN LAMPTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • CORY MOSKOWITZ

    DIRECTOR (AS OF 1/2023)

    Total calculated
    $0
    Hours/week
    3

  • GEORDIE NEWMAN

    DIRECTOR (THRU 3/2023)

    Total calculated
    $0
    Hours/week
    3

  • NICOLE RAPPAPORT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • LAWRENCE SUMMERS

    DIRECTOR

    Total calculated
    $6,138
    From this org
    $0
    From related orgs
    $6,138
    Other
    $0
    Hours/week
    3

  • LORNA THOMAS

    DIRECTOR (AS OF 7/2022)

    Total calculated
    $0
    Hours/week
    3

  • REGGIE TURNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • MICHAEL J SAYLOR MD

    DIRECTOR (THRU 2/2023)

    Total calculated
    $0
    Hours/week
    3

  • STEPHANIE BASALIK PHD

    DIRECTOR (THRU 11/2022)

    Total calculated
    $0
    Hours/week
    3

  • ALAN MULLENDORE

    DIRECTOR (THRU 11/2022)

    Total calculated
    $0
    Hours/week
    3

  • JOSHUA REPAC

    CFO/TREASURER (AS OF 7/2022)

    Total calculated
    $418,222
    From this org
    $0
    From related orgs
    $351,313
    Other
    $66,909
    Hours/week
    3 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $287,404 related
    Bonus
    $0 + $63,909 related
    Other
    $0
    Deferred
    $0 + $39,622 related
    Nontaxable benefits
    $0 + $27,287 related
    Filer's total
    $0 + $418,222 related

  • LYNN HAINES

    VP, LEGAL SERVICES/SECRETARY

    Total calculated
    $329,874
    From this org
    $0
    From related orgs
    $272,939
    Other
    $56,935
    Hours/week
    3 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $226,816 related
    Bonus
    $0 + $45,554 related
    Other
    $0 + $569 related
    Deferred
    $0 + $32,383 related
    Nontaxable benefits
    $0 + $24,552 related
    Filer's total
    $0 + $329,874 related

  • THOMAS T CHAN

    FORMER CFO/TREASURER

    Total calculated
    $878,728
    From this org
    $0
    From related orgs
    $803,424
    Other
    $75,304
    Hours/week
    3 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $426,140 related
    Bonus
    $0 + $87,706 related
    Other
    $0 + $289,578 related
    Deferred
    $0 + $56,375 related
    Nontaxable benefits
    $0 + $18,929 related
    Filer's total
    $0 + $878,728 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

  • 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 3
METHODS USED BY A RELATED ORGANIZATION TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR: THE ORGANIZATION DOES NOT HAVE ANY PAID EMPLOYEES; ALL COMPENSATION TO OFFICERS AND DIRECTORS REPORTED ON PART VII OF THE FORM 990 WAS PAID BY A RELATED ORGANIZATION, MMC. MMC CHECKS THE FOLLOWING BOXES FOR SCHEDULE J, QUESTION 3 ON ITS FORM 990: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - COMPENSATION BY SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE THE COMPENSATION PAID TO THE OFFICERS LISTED ON MHF'S FORM 990 WAS ESTABLISHED PURSUANT TO THE REBUTTABLE PRESUMPTION OF REASONABLENESS.
PART I LINE 4B
SEVERAL OFFICERS ARE PARTICIPANTS IN A 457F PLAN THAT WAS APPROVED BY THE EXECUTIVE COMMITTEE OF THE MMC BOARD OF DIRECTORS. FOR THE CURRENT YEAR, THE FOLLOWING AMOUNTS WERE DEFERRED BY MMC AND ARE NOT SUBSTANTIALLY VESTED AND SUBJECT TO CREDITOR CLAIMS AND FORFEITURES: MAULIK JOSHI $180,769 THOMAS CHAN $42,650 JOSHUA REPAC $26,340 LYNN HAINES $20,750 THOMAS CHAN RECEIVED A 457F DISTRIBUTION OF $269,078.

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 corporations and trusts

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

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202411369349306591

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

The source document this was parsed from is served over the API, which is where bulk and document access live.