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Nonprofiteer
← CARROLL HOSPITAL CENTER FOUNDATION INC

Form 990 for tax year 2022

Filed by CARROLL HOSPITAL CENTER FOUNDATION INC.

Totals

Total revenue
$9,119,831
Total expenses
$8,541,776
Contributions and grants received
$3,903,258
Grants paid
$8,269,885
Program service revenue
$0
Investment income
$5,202,705
Other revenue
$13,868
Total assets, end of year
$103,658,351
Total liabilities, end of year
$942,795
Net assets or fund balances, end of year
$102,715,556
Program services expenses (Part IX)
$8,269,885
Management and general expenses
$176,542
Fundraising expenses
$95,349
Program service expenses (Part III)
$8,269,885

Program services were 96.8% 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

    $285,755

  • 1d · Related organizations

    $750,950

  • 1f · All other contributions, gifts and grants

    $2,866,553

  • 3 · Investment income

    total $188,097 · excluded $188,097

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $21,972,424

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

    securities $16,957,816

  • 7c · Gain or loss

    securities $5,014,608

  • 7d · Net gain or loss

    total $5,014,608 · excluded $5,014,608

  • 8a · Fundraising events: gross income

    $82,129

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

    $285,755

  • 8b · Fundraising events: direct expenses

    $68,261

  • 8c · Net income from fundraising events

    total $13,868 · excluded $13,868

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,249,935 · program services $8,249,935

  • 2 · Grants to domestic individuals

    total $19,950 · program services $19,950

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $169,037 · management and general $169,037

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: ANNUAL GIVING

    total $40,623 · program services $0 · management and general $0 · fundraising $40,623

  • 24b · Other expenses: SPECIAL AND MAJOR GIVING

    total $26,353 · program services $0 · management and general $0 · fundraising $26,353

  • 24c · Other expenses: GIFT ANNUITY

    total $20,084 · program services $0 · management and general $0 · fundraising $20,084

  • 24d · Other expenses: PLANNED GIVING

    total $8,289 · program services $0 · management and general $0 · fundraising $8,289

  • 24e · All other expenses

    total $7,505 · management and general $7,505

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $1,284,849 · end of year $1,406,111

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $2,983,523 · end of year $3,057,728

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,650 · end of year $5,100

  • 10a · Land, buildings and equipment: cost or other basis

    $43,736

  • 10b · Land, buildings and equipment: accumulated depreciation

    $43,736

  • 11 · Investments: publicly traded securities

    beginning of year $80,568,223 · end of year $84,333,184

  • 12 · Investments: other securities

    beginning of year $14,712,309 · end of year $14,843,637

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $11,815 · end of year $12,591

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,071,494 · end of year $361

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $962,490 · end of year $942,434

  • 27 · Net assets without donor restrictions

    beginning of year $39,180,405 · end of year $44,222,808

  • 28 · Net assets with donor restrictions

    beginning of year $58,349,980 · end of year $58,492,748

Mission and programs · 2022

Mission

SEE SCHEDULE O

Activities or mission (Part I)

CARROLL HOSPITAL CENTER FOUNDATION IS A CHARITABLE ORGANIZATION FORMED WITH THE INTENT OF SUPPORTING THE CHARITABLE MISSIONS OF ITS AFFILIATES (CONTINUED IN SCH O )

  • SEE SCHEDULE O

    Expenses $8,142,595 · Grants $8,142,595

  • SUPPORT THE MISSION AND VISION OF BRIDGINGLIFE, INC. FUNDS ARE USED FOR HOSPICE OPERATIONS, BEREAVEMENT AND SPIRITUAL CARE.

    Expenses $107,340 · Grants $107,340

  • THE FOUNDATION PROVIDES SCHOLARSHIPS TO INDIVIDUALS IN THE COMMUNITY.

    Expenses $19,950 · Grants $19,950

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Neil M Meltzer

    BOARD MEMBER/LBH PRESIDENT/CEO

    Total calculated
    $4,027,911
    From this org
    $0
    From related orgs
    $3,617,972
    Other
    $409,939
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,100,384 related
    Bonus
    $0 + $1,347,370 related
    Other
    $0 + $1,170,218 related
    Deferred
    $0 + $388,009 related
    Nontaxable benefits
    $0 + $21,930 related
    Filer's total
    $0 + $4,027,911 related
  • Leslie Simmons

    FORMER PRESIDENT CARROLL HOSP.

    Total calculated
    $1,908,539
    From this org
    $0
    From related orgs
    $1,643,643
    Other
    $264,896
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $711,284 related
    Bonus
    $0 + $454,822 related
    Other
    $0 + $477,537 related
    Deferred
    $0 + $242,547 related
    Nontaxable benefits
    $0 + $22,349 related
    Filer's total
    $0 + $1,908,539 related
  • Garrett Hoover

    BOARD MEMBER/PRESIDENT CHCF

    Total calculated
    $656,258
    From this org
    $0
    From related orgs
    $629,156
    Other
    $27,102
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $393,442 related
    Bonus
    $0 + $192,570 related
    Other
    $0 + $43,144 related
    Deferred
    $0 + $1,936 related
    Nontaxable benefits
    $0 + $25,166 related
    Filer's total
    $0 + $656,258 related
  • Dona Hobart MD

    BOARD MEMBER/PHYSICIAN

    Total calculated
    $535,681
    From this org
    $0
    From related orgs
    $500,809
    Other
    $34,872
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $354,933 related
    Bonus
    $0 + $126,790 related
    Other
    $0 + $19,086 related
    Deferred
    $0 + $5,095 related
    Nontaxable benefits
    $0 + $29,777 related
    Filer's total
    $0 + $535,681 related
  • Michael Myers

    TREASURER, CHCF

    Total calculated
    $516,935
    From this org
    $0
    From related orgs
    $429,059
    Other
    $87,876
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $302,809 related
    Bonus
    $0 + $83,750 related
    Other
    $0 + $42,500 related
    Deferred
    $0 + $60,431 related
    Nontaxable benefits
    $0 + $27,445 related
    Filer's total
    $0 + $516,935 related
  • Brenda Frazier

    EVP, FOUNDATION,VP,DEVELOPMENT

    Total calculated
    $286,321
    From this org
    $0
    From related orgs
    $248,762
    Other
    $37,559
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $0 + $191,378 related
    Bonus
    $0 + $55,709 related
    Other
    $0 + $1,675 related
    Deferred
    $0 + $22,816 related
    Nontaxable benefits
    $0 + $14,743 related
    Filer's total
    $0 + $286,321 related
  • Alex Myers

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Timothy W Chase

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Mark E Blacksten

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Janet Davis From 0123

    BOARD MEMBER/ PRESIDENT AUX.

    Total calculated
    $0
    Hours/week
    1
  • Mark Debinski

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Joseph Dominick

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Karen Durilla Thru 1222

    BOARD MEMBER/PRESIDENT AUX.

    Total calculated
    $0
    Hours/week
    1
  • Stephen Guthrie

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Shannon Hammond

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Todd Herring

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Kiran Kuna MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Terri Lyons

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Michael Mandish

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Michael McKelvin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Emily Miller

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Brian Moffet

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Nicol Sager

    BOARD MEMBER/SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Guy Sheetz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Kevin Walsh

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Alec Yeo

    EX-OFF, CARROLL HOSP BRD CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 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)

SCHEDULE J, PART I, LINE 4B:
THE FOLLOWING DIRECTORS AND OFFICERS PARTICIPATED IN A LIFEBRIDGE HEALTH SPONSORED SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN DURING THE YEAR. THE AMOUNTS REPORTED BELOW REPRESENT EMPLOYER CONTRIBUTIONS TO THE SECTION 457(F) PLAN MADE DURING THE YEAR: NEIL MELTZER $ 354,129 LESLIE SIMMONS $ 209,197 MICHAEL MYERS $ 45,920 BRENDA FRAZIER $ 21,833 DURING THE YEAR, THE FOLLOWING DIRECTORS AND OFFICERS RECEIVED PAYMENTS AS PART OF THEIR PARTICIPATION IN A LIFEBRIDGE HEALTH SPONSORED SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: NEIL MELTZER $ 1,111,000 LESLIE SIMMONS $ 451,092 MICHAEL MYERS $ 34,696 COMPENSATION PROVIDED BY RELATED ORGANIZATIONS: MR. MELTZER RECEIVED COMPENSATION AS PRESIDENT OF LIFEBRIDGE HEALTH, INC., NOT AS A DIRECTOR OF THIS ORGANIZATION. MS. SIMMONS RECEIVED COMPENSATION AS CHIEF OPERATIONS OFFICER AND EXECUTIVE VICE PRESIDENT OF LIFEBRIDGE HEALTH, INC., NOT AS A DIRECTOR OF THIS ORGANIZATION. DR. HOBART RECEIVED COMPENSATION AS A PHYSICIAN OF CARROLL HEALTH GROUP, LLC, NOT AS A DIRECTOR OF THIS ORGANIZATION. MR. MYERS RECEIVED COMPENSATION AS CFO/CARROLL HOSPITAL CENTER, INC., NOT AS AN OFFICER OF THIS ORGANIZATION. MR. HOOVER RECEIVED COMPENSATION AS PRESIDENT OF CARROLL HOSPITAL CENTER, INC., NOT AS A DIRECTOR OR OFFICER OF THIS ORGANIZATION.

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.

  • CARROLL COUNTY RADIOLOGY LLC

    N/A · RADIOLOGY · MD · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • CARROLL OCCUPATIONAL HEALTH LLC

    N/A · MEDICAL SERVICES · MD · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • CARDIOVASCULAR ASSOCIATES OF MARYLAND L

    N/A · MEDICAL SERVICES · MD · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • LIFEBRIDGE CARDIOLOGY OF PARKVILLE LLC

    N/A · MEDICAL SERVICES · MD · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • LIFEBRIDGE COMMUNITY GASTROENTEROLOGY L

    N/A · MEDICAL SERVICES · MD · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • LIFEBRIDGE COMMUNITY PEDIATRICS LLC

    N/A · MEDICAL SERVICES · MD · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • LIFEBRIDGE COMMUNITY PULMONOLOGY LLC

    N/A · MEDICAL SERVICES · MD · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • LIFEBRIDGE GYNECOLOGY OF PIKESVILLE LLC

    N/A · MEDICAL SERVICES · MD · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • LIFEBRIDGE MEDICAL ASSOCIATES LLC

    N/A · MEDICAL SERVICES · MD · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • LIFEBRIDGE NEUROSCIENCES LLC

    N/A · MEDICAL SERVICES · MD · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • LIFEBRIDGE PRIMARY CARE OF ELDERSBURG L

    N/A · MEDICAL SERVICES · MD · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • LIFEBRIDGE PRIMARY CARE OF NORTH CARROLL

    N/A · MEDICAL SERVICES · MD · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • HOMECARE MARYLAND LLC

    N/A · HOME HEALTH SRVC · MD · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • LIFEBRIDGE REHABILITATION SERVICES LLC

    N/A · REHAB SERVICES · MD · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • ELLICOTT CITY ASC MANAGEMENT LLC

    N/A · MEDICAL SERVICES · MD · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • SURGICENTER OF BALTIMORE LLC

    N/A · MEDICAL SERVICES · MD · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • SPRINGWELL PARTNERS LLC

    N/A · ASSISTED LIVING · MD · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • LIFEBRIDGE SUBURBAN PHYSICIAN GROUP II

    N/A · MEDICAL SERVICES · MD · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • LIFEBRIDGE LAB MANAGEMENT LLC

    N/A · LAB SERVICES · MD · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • LIFEBRIDGE METROPOLITAN PHYSICIAN GROUP

    N/A · MEDICAL SERVICES · MD · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • LIFEBRIDGE MULTI-SPECIALTY LLC

    N/A · MEDICAL SERVICES · MD · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • ELLICOTT CITY AMBULATORY SURGERY CENTER

    N/A · MEDICAL SERVICES · MD · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • OAK FARM SOLUTIONS LLC

    N/A · HOME HEALTH SRVC · MD · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • MNR INDUSTRIES LLC

    N/A · Urgent Care Srvc · MD · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • MNR of Frederick County LLC

    N/A · Urgent Care Srvc · MD · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • Baker Rehab Group LLC

    N/A · Rehab Services · MD · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • Advanced Endo Ctr of Howard Cty LLC

    N/A · Medical Services · MD · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

Related corporations and trusts

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

  • CARROLL COUNTY MED-SERVICES INC

    C CORP · MEDICAL SERVICES · MD · 0% owned · share of income $0 · share of assets $0

    Directly controlled by CCMS INC

  • LIFEBRIDGE INVESTMENTS INC

    C CORP · INVESTMENT · MD · 0% owned · share of income $0 · share of assets $0

    Directly controlled by LBH

  • HEALTHSTAR MEDICAL SERVICES INC

    C CORP · HEALTHCARE · MD · 0% owned · share of income $0 · share of assets $0

    Directly controlled by LB INV INC

  • PRACTICE DYNAMICS INC

    C CORP · MANAGEMENT · MD · 0% owned · share of income $0 · share of assets $0

    Directly controlled by LB INV INC

  • LIFEBRIDGE INSURANCE COMPANY LTD

    C CORP · INSURANCE · CJ · 0% owned · share of income $0 · share of assets $0

    Directly controlled by LBH

  • LIFEBRIDGE COMMUNITY PHYSICIANS INC

    C CORP · HEALTHCARE · CJ · 0% owned · share of income $0 · share of assets $0

    Directly controlled by LB INV INC

  • CARROLL BILLING SERVICES INC

    C CORP · BILLING SERVICES · MD · 0% owned · share of income $0 · share of assets $0

    Directly controlled by CHC INC

  • CARROLL COUNTY GEN HOSP SOUTH CARROLL

    C CORP · REAL ESTATE · MD · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • MED-SERVICES HOLDINGS INC

    C CORP · MEDICAL SERVICES · MD · 0% owned · share of income $0 · share of assets $0

    Directly controlled by CCMS INC

  • LIFEBRIDGE HEALTH ISRAEL LTD

    C CORP · HEALTHCARE · MD · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NONE

Provenance

Return type
form_990
Tax year
2022
Filed
8 May 2024
IRS schema version
2022v5.0
Source object
202401349349309125

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