Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: Patient service revenue

  total $36,109,224 · related or exempt $36,109,224

• 2b · Program service revenue: Clinical and other

  total $1,662,127 · related or exempt $1,662,127

• 3 · Investment income

  total $643,464 · unrelated business $5,323 · excluded $638,141

• 7a · Gross sales of assets other than inventory

  securities $1,000,000

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

  securities $570,276

• 7c · Gain or loss

  securities $429,724

• 7d · Net gain or loss

  total $429,724 · excluded $429,724

• 11a · Other revenue: Non-operating pension gains

  total $210,451 · excluded $210,451

• 11e · Other revenue, total

  $210,451

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $39,809 · program services $39,809

• 5 · Compensation of officers, directors and key employees

  total $8,966,973 · program services $8,667,547 · management and general $299,426

• 7 · Other salaries and wages

  total $15,205,438 · program services $14,749,275 · management and general $456,163

• 8 · Pension plan contributions

  total $1,581,628 · program services $1,547,754 · management and general $33,874

• 9 · Other employee benefits

  total $3,300,550 · program services $1,849,842 · management and general $1,450,708

• 10 · Payroll taxes

  total $363,818 · program services $353,203 · management and general $10,615

• 11b · Fees: legal

  total $1,596 · management and general $1,596

• 11c · Fees: accounting

  total $12,050 · management and general $12,050

• 11f · Fees: investment management

  total $184,479 · management and general $184,479

• 11g · Fees: other

  total $319,872 · management and general $319,872

• 12 · Advertising and promotion

  total $2,885 · management and general $2,885

• 13 · Office expenses

  total $818,527 · program services $798,894 · management and general $19,633

• 16 · Occupancy

  total $1,109,598 · program services $1,109,598

• 19 · Conferences, conventions and meetings

  total $178,754 · program services $178,754

• 22 · Depreciation, depletion and amortization

  total $64,409 · program services $64,409

• 23 · Insurance

  total $122,783 · program services $87,761 · management and general $35,022

• 24a · Other expenses: Billing and collections

  total $1,650,075 · program services $1,650,075

• 24b · Other expenses: Other expenses

  total $1,169,737 · program services $1,169,737

• 24c · Other expenses: PO management services

  total $837,561 · program services $837,561

• 24d · Other expenses: Coordinated specialty p

  total $568,138 · program services $568,138

• 24e · All other expenses

  total $137,778 · program services $137,778

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,031,175 · end of year $3,606,811

• 2 · Savings and temporary cash investments

  beginning of year $8,474,377 · end of year $7,315,123

• 4 · Accounts receivable

  beginning of year $3,428,685 · end of year $3,718,653

• 7 · Other notes and loans receivable

  beginning of year $73,334 · end of year $20,000

• 9 · Prepaid expenses and deferred charges

  beginning of year $470,809 · end of year $350,948

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

  $1,647,267

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

  $1,094,450

• 10c · Land, buildings and equipment, net

  beginning of year $228,769 · end of year $552,817

• 11 · Investments: publicly traded securities

  beginning of year $23,119,709 · end of year $29,389,228

• 12 · Investments: other securities

  beginning of year $11,534,055 · end of year $12,506,838

• 15 · Other assets

  beginning of year $3,505,616 · end of year $4,506,704

• 17 · Accounts payable and accrued expenses

  beginning of year $130,764 · end of year $108,277

• 18 · Grants payable

  beginning of year $1,624,912 · end of year $1,079,115

• 25 · Other liabilities

  beginning of year $13,353,138 · end of year $16,203,614

• 27 · Net assets without donor restrictions

  beginning of year $37,916,588 · end of year $43,834,989

• 28 · Net assets with donor restrictions

  beginning of year $841,127 · end of year $741,127

The filer's explanations (Part III)

Part I, Line 1a

The Foundation provides gross-up payments for mortgage forgiveness, long-term disability insurance, and life insurance. These payments are included as taxable wages during the year. All permanent full-time employees of the Foundation are eligible for the gross-up payments.

Part I, Line 4b

CHMC Otolaryngologic Foundation, Inc. (the Foundation) established two Supplemental Executive Retirement Plans, effective as of December 1, 2007, to reward licensed physician employees with a benefit based on service. The sources of contributions for these plans are from employer discretionary amounts, if any, severance benefits, and elective deferrals. The amounts are vested on the occurrence of any of the following events: five years of employment; attainment of normal retirement date; death; disability; or change in control.

Part I, Line 7

Bonus compensation amounts are determined by the Chief of the Department of Otolaryngology, all board members, and Finance Committee members. They need to consider data such as performance for physician cost centers, their financial reports, research activities, hospital program for Patient Safety & Quality participation, and teaching activities.