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Nonprofiteer
← REGIONS HOSPITAL FOUNDATION

Form 990 for tax year 2023

Filed by REGIONS HOSPITAL FOUNDATION.

Totals

Total revenue
$10,790,318
Total expenses
$8,784,949
Contributions and grants received
$9,064,233
Grants paid
$8,784,949
Program service revenue
$0
Investment income
$1,726,085
Other revenue
$0
Total assets, end of year
$46,191,474
Total liabilities, end of year
$8,123,067
Net assets or fund balances, end of year
$38,068,407
Program services expenses (Part IX)
$8,784,949
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$8,784,949

Program services were 100.0% 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.

  • 1d · Related organizations

    $1,433

  • 1e · Government grants (contributions)

    $82,808

  • 1f · All other contributions, gifts and grants

    $8,979,992

  • 1g · Noncash contributions included above

    $11,863

  • 3 · Investment income

    total $1,113,888 · excluded $1,113,888

  • 7a · Gross sales of assets other than inventory

    securities $3,957,579

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

    securities $3,345,382

  • 7c · Gain or loss

    securities $612,197

  • 7d · Net gain or loss

    total $612,197 · excluded $612,197

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,705,746 · program services $8,705,746

  • 2 · Grants to domestic individuals

    total $79,203 · program services $79,203

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $333,194 · end of year $3,314,807

  • 2 · Savings and temporary cash investments

    beginning of year $11,108,833 · end of year $15,139,125

  • 3 · Pledges and grants receivable

    beginning of year $2,375,222 · end of year $1,298,760

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,500

  • 11 · Investments: publicly traded securities

    beginning of year $22,757,854 · end of year $26,438,782

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,613,555 · end of year $8,123,067

  • 19 · Deferred revenue

    beginning of year $410,277

  • 27 · Net assets without donor restrictions

    beginning of year $8,291,771 · end of year $8,684,944

  • 28 · Net assets with donor restrictions

    beginning of year $25,265,000 · end of year $29,383,463

Mission and programs · 2023

Mission

THE MISSION OF REGIONS HOSPITAL FOUNDATION (THE FOUNDATION) IS TO ADVOCATE AND DEVELOP AWARENESS, BUILD COMMUNITY PARTNERSHIPS, AND RAISE CHARITABLE CONTRIBUTIONS FOR PATIENT CARE, RESEARCH AND HEALTH PROFESSIONAL EDUCATION.

Activities or mission (Part I)

OUR MISSION IS TO ADVOCATE & DEVELOP AWARENESS, BUILD PARTNERSHIPS, AND RAISE CONTRIBUTIONS.

  • SEE SCHEDULE O - EXEMPT PURPOSE AND ACHIEVEMENTS FOR A DESCRIPTION OF PROGRAM SERVICE ACCOMPLISHMENTS

    Expenses $8,784,949 · Grants $8,784,949

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Robert Befidi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • William H Frey PhD

    DIRECTOR

    Total calculated
    $237,743
    From this org
    $0
    From related orgs
    $154,968
    Other
    $82,775
    Hours/week
    0.5 + 24.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $149,758 related
    Bonus
    $0
    Other
    $0 + $5,210 related
    Deferred
    $0 + $64,452 related
    Nontaxable benefits
    $0 + $18,323 related
    Filer's total
    $0 + $237,743 related

  • Duchess Harris JD PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.21

  • Katie Kelley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.21

  • Matt Layman MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Catherine Draper

    DIRECTOR & SECRETARY

    Total calculated
    $0
    Hours/week
    0.25

  • Linda Hanson EdD

    DIRECTOR & CHAIR

    Total calculated
    $0
    Hours/week
    0.25

  • Linda Hoeschler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.21

  • Louis Henry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.21

  • Dan Nelson MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Carleen Rhodes

    DIRECTOR & VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.25

  • Sally Scoggin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Dan Stoltz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Teshite Wako

    DIRECTOR & TREASURER

    Total calculated
    $0
    Hours/week
    0.25

  • Steve Wellington

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Bret C Haake MD

    DIRECTOR

    Total calculated
    $843,622
    From this org
    $0
    From related orgs
    $730,568
    Other
    $113,054
    Hours/week
    0.5 + 54.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $541,746 related
    Bonus
    $0 + $164,908 related
    Other
    $0 + $23,914 related
    Deferred
    $0 + $66,326 related
    Nontaxable benefits
    $0 + $46,728 related
    Filer's total
    $0 + $843,622 related

  • Balkrishna N Jahagirdar Mbbs

    DIRECTOR

    Total calculated
    $702,440
    From this org
    $0
    From related orgs
    $594,784
    Other
    $107,656
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $421,893 related
    Bonus
    $0
    Other
    $0 + $172,891 related
    Deferred
    $0 + $62,759 related
    Nontaxable benefits
    $0 + $44,897 related
    Filer's total
    $0 + $702,440 related

  • Frank Flores

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.21

  • Pahoua Y Hoffman

    DIRECTOR

    Total calculated
    $533,054
    From this org
    $0
    From related orgs
    $427,857
    Other
    $105,197
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $298,112 related
    Bonus
    $0 + $123,833 related
    Other
    $0 + $5,912 related
    Deferred
    $0 + $62,902 related
    Nontaxable benefits
    $0 + $42,295 related
    Filer's total
    $0 + $533,054 related

  • Megan M Remark

    PRESIDENT & DIRECTOR

    Total calculated
    $1,279,497
    From this org
    $0
    From related orgs
    $965,209
    Other
    $314,288
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $616,122 related
    Bonus
    $0 + $306,751 related
    Other
    $0 + $42,336 related
    Deferred
    $0 + $264,033 related
    Nontaxable benefits
    $0 + $50,255 related
    Filer's total
    $0 + $1,279,497 related

  • Alita R Risinger

    CFO

    Total calculated
    $686,286
    From this org
    $0
    From related orgs
    $574,234
    Other
    $112,052
    Hours/week
    0.5 + 54.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $452,971 related
    Bonus
    $0 + $40,000 related
    Other
    $0 + $81,263 related
    Deferred
    $0 + $72,026 related
    Nontaxable benefits
    $0 + $40,026 related
    Filer's total
    $0 + $686,286 related

  • Anthony C Grundhauser

    VICE PRESIDENT

    Total calculated
    $416,320
    From this org
    $0
    From related orgs
    $353,358
    Other
    $62,962
    Hours/week
    44.5 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $263,012 related
    Bonus
    $0 + $79,204 related
    Other
    $0 + $11,142 related
    Deferred
    $0 + $26,592 related
    Nontaxable benefits
    $0 + $36,370 related
    Filer's total
    $0 + $416,320 related

  • Heidi G Conrad

    FORMER CFO

    Total calculated
    $226,148
    From this org
    $0
    From related orgs
    $179,908
    Other
    $46,240
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0 + $179,908 related
    Other
    $0
    Deferred
    $0 + $33,699 related
    Nontaxable benefits
    $0 + $12,541 related
    Filer's total
    $0 + $226,148 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
  • 6b · Pay contingent on a related organization's net earnings

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

The filer's explanations (Part III)

PART I, LINE 3
THE FOUNDATION HAS NO EMPLOYEES AND DOES NOT PAY COMPENSATION. ALL OFFICERS AND KEY EMPLOYEES ARE PAID BY GROUP HEALTH PLAN, INC (GHI) OR BY REGIONS HOSPITAL, RELATED ORGANIZATIONS. ANY COMPENSATION IS DETERMINED SOLELY BY THE RELATED ORGANIZATIONS.
PART I, LINE 4B
DEFERRED COMPENSATION IN COLUMN C OF SCHEDULE J, PART II INCLUDES AMOUNTS FROM A NONQUALIFIED 457(F) PLAN FOR THE FOLLOWING DIRECTORS AND OFFICERS: MEGAN M. REMARK $ 66,213 PAHOUA Y. HOFFMAN $30,366 ALITA R. RISINGER $34,771
PART I, LINE 6
THE FOUNDATION OFFICERS AND DIRECTORS ARE EMPLOYED BY REGIONS HOSPITAL (REGIONS) OR BY GROUP HEALTH PLAN, INC. (GHI), BOTH OF WHICH ARE RELATED ORGANIZATIONS. COMPENSATION REPORTED IN FORM 990, PART VII INCLUDES ANY COMPENSATION DERIVED FROM REGIONS OR GHI LEADERSHIP INCENTIVE PROGRAMS, WHICH INCENT AND REWARD BUSINESS LEADERS WHO HELP THE ORGANIZATION ACHIEVE STATED BUSINESS AND/OR HEALTH IMPROVEMENT GOALS FOR A SPECIFIC FISCAL YEAR. THE PROGRAMS ARE A KEY ELEMENT OF THE PARTICIPANT'S TOTAL COMPENSATION PACKAGE. THE LEADERSHIP INCENTIVE PROGRAMS' REWARDS ARE BASED ON POSITION IN THE ORGANIZATION (E.G. VICE PRESIDENT, DIRECTOR, MANAGER, OTHER SPECIFICALLY IDENTIFIED LEADERS) AND THE ACHIEVEMENT OF SYSTEM BUSINESS AND HEALTH IMPROVEMENT GOALS ESTABLISHED IN A VARIETY OF AREAS. GOALS WILL BE RELATED TO THE ORGANIZATION'S STRATEGIC PLAN AND WILL BE BALANCED. THESE AREAS MAY INCLUDE, BUT ARE NOT LIMITED TO, PATIENT SATISFACTION, EMPLOYEE SATISFACTION, WORK ENVIRONMENT, HEALTH EQUITY, HEALTHCARE AFFORDABILITY MEASURES, HEALTH PLAN AND CARE DELIVERY MARKET SHARE, STRATEGIC CAPABILITIES, HOSPITAL AND CLINIC QUALITY MEASURES, FINANCIAL PERFORMANCE (OPERATING INCOME), ETC., AND WILL BE DEFINED ANNUALLY FOR EACH YEAR'S PROGRAM. AN OPERATING INCOME THRESHOLD MUST BE MET FOR ANY PAYMENT TO BE MADE FROM THE PROGRAM AND THERE IS A CAP ON THE MAXIMUM INCENTIVE POTENTIALLY AVAILABLE TO EACH PARTICIPANT.
FORM 990,SCH J, PART II - PRIOR REPORTED COMPENSATION
COLUMN (F) INCLUDES AMOUNTS PAID TO PARTICIPANTS IN THE CURRENT YEAR, WHICH WERE PREVIOUSLY REPORTED IN COLUMN (C) OF PRIOR YEARS' 990'S, AS RETIREMENT AND DEFERRED COMPENSATION, FOR THE FOLLOWING DIRECTORS AND OFFICERS: MEGAN M. REMARK $27,048 ANY ANALYSIS OF EARNINGS FOR THE CURRENT YEAR, FOR THESE PARTICIPANTS OF THE PLAN, SHOULD EXCLUDE THE AMOUNT IN COLUMN F AS PART OF THE ANALYSIS SINCE THOSE EARNINGS WERE ALREADY REPORTED IN COLUMN (C) OF PREVIOUS YEARS' 990'S.

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.

  • HEALTHPARTNERS ADMINISTRATORS INC

    C · THIRD PARTY ADMINISTRATOR · MN

    Directly controlled by HEALTHPARTNERS INC

  • HEALTHPARTNERS ASSOCIATES INC

    C · MEDICAL CLINIC STAFFING AND ASSET MANAGEMENT · MN

    Directly controlled by HEALTHPARTNERS ADMINISTRATORS INC

  • HEALTHPARTNERS SERVICES INC

    C · MEDICAL CLINIC STAFFING AND ASSET MANAGEMENT · MN

    Directly controlled by HEALTHPARTNERS ADMINISTRATORS INC

  • HEALTHPARTNERS INSURANCE COMPANY

    C · MEDICAL AND DENTAL INSURANCE · MN

    Directly controlled by HEALTHPARTNERS ADMINISTRATORS INC

  • DENTAL SPECIALTIES INC

    C · PROFESSIONAL DENTAL SERVICES · MN

    Directly controlled by HEALTHPARTNERS ADMINISTRATORS INC

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202423189349306107

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