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Nonprofiteer
← NEW HANOVER REGIONAL MEDICAL CENTER FOUNDATION INC

Form 990 for tax year 2022

Filed by NEW HANOVER REGIONAL MEDICAL CENTER FOUNDATION INC.

Totals

Total revenue
$5,087,445
Total expenses
$2,047,557
Contributions and grants received
$2,104,005
Grants paid
$1,725,120
Program services expenses (Part IX)
$1,845,577
Management and general expenses
$191,721
Fundraising expenses
$10,259
Program service expenses (Part III)
$1,845,577

Program services were 90.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • LENWOOD DEAN

    TRUSTEE (UNTIL 9/30/2022)

    Total calculated
    $0
    Hours/week
    0.2

  • KIMBERLY DICKENS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • DENNIS DOLL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • BRYAN DURHAM MD

    TRUSTEE (UNTIL 9/30/2022)

    Total calculated
    $0
    Hours/week
    0.2

  • FRANK HOBART MD

    TRUSTEE (UNTIL 9/30/2022)

    Total calculated
    $0
    Hours/week
    0.2

  • ROBERT JOHNSTON

    VICE CHAIR/TREASURER

    Total calculated
    $0
    Hours/week
    0.2

  • ELIZABETH KURONEN

    TRUSTEE (UNTIL 9/30/2022)

    Total calculated
    $0
    Hours/week
    0.2

  • JOSHUA LAMBETH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • KATHERINE MCKENZIE

    TRUSTEE (EFF 2/28/2022)

    Total calculated
    $0
    Hours/week
    0.2

  • MARTIN MEYERSON MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • JOHN MONTEITH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • JOHN PACE MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • WILLIAM PURVIS

    CHAIR (UNTIL 9/30/2022)

    Total calculated
    $0
    Hours/week
    0.2

  • SHELBOURN STEVENS RRT RCP

    TRUSTEE/PRESIDENT & COO NHNHRMC

    Total calculated
    $992,839
    From this org
    $0
    From related orgs
    $869,332
    Other
    $123,507
    Hours/week
    0.2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $565,985 related
    Bonus
    $0 + $249,882 related
    Other
    $0 + $53,465 related
    Deferred
    $0 + $106,575 related
    Nontaxable benefits
    $0 + $16,932 related
    Filer's total
    $0 + $992,839 related

  • KELLY TINSLEY

    TRUSTEE (UNTIL 9/30/2022)

    Total calculated
    $0
    Hours/week
    0.2

  • SLOAN TURNER DVM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • JULIA SCHORR DAVIS

    EXECUTIVE DIRECTOR

    Total calculated
    $291,629
    From this org
    $0
    From related orgs
    $267,873
    Other
    $23,756
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $234,243 related
    Bonus
    $0 + $11,884 related
    Other
    $0 + $21,746 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $23,756 related
    Filer's total
    $0 + $291,629 related

  • FRED HARGETT

    EVP & CFO

    Total calculated
    $2,417,516
    From this org
    $0
    From related orgs
    $2,355,664
    Other
    $61,852
    Hours/week
    0.2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,092,939 related
    Bonus
    $0 + $843,828 related
    Other
    $0 + $418,897 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $43,552 related
    Filer's total
    $0 + $2,417,516 related

  • DOROTHY CAULKINS

    SVP FOUNDATIONS

    Total calculated
    $732,185
    From this org
    $0
    From related orgs
    $626,052
    Other
    $106,133
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $350,321 related
    Bonus
    $0 + $229,149 related
    Other
    $0 + $46,582 related
    Deferred
    $0 + $75,116 related
    Nontaxable benefits
    $0 + $31,017 related
    Filer's total
    $0 + $732,185 related

  • TANYA ARMOUR

    DIR. OF PHILANTHROPY

    Total calculated
    $179,390
    From this org
    $0
    From related orgs
    $134,915
    Other
    $44,475
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $0 + $126,553 related
    Bonus
    $0 + $7,939 related
    Other
    $0 + $423 related
    Deferred
    $0 + $8,147 related
    Nontaxable benefits
    $0 + $36,328 related
    Filer's total
    $0 + $179,390 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

  • 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
A RELATED ENTITY, NHRMC, USED AN INDEPENDENT THIRD PARTY CONSULTANT, SULLIVAN COTTER AND ASSOCIATES, TO CONDUCT AN ANNUAL EXECUTIVE MARKET STUDY WITH RECOMMENDATIONS FOR EXECUTIVE COMPENSATION. SULLIVAN & COTTER WAS ALSO ENGAGED TO REVIEW TOTAL COMPENSATION TO CALCULATE SERP AMOUNTS FOR ALL EXECUTIVES.
PART I, LINE 4B
PART I, LINES 4A-C: SEVERANCE, NONQUALIFIED, AND EQUITY-BASED PAYMENTS SEVERANCE NONE NONQUALIFIED JULIA SCHORR DAVIS - $20,903 FRED HARGETT - $11,892 SHELBOURN STEVENS - $11,667 EQUITY-BASED NONE
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.

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
2022
Filed
14 December 2023
IRS schema version
2022v5.0
Source object
202343489349300329

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