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Nonprofiteer
← RICHMOND MEDICAL CENTER FOUNDATION INC

Form 990 for tax year 2024

Filed by RICHMOND MEDICAL CENTER FOUNDATION INC.

Totals

Total revenue
$2,748,386
Total expenses
$3,237,333
Contributions and grants received
$2,710,979
Grants paid
$2,495,107
Program service revenue
$0
Investment income
$36,347
Other revenue
$1,060
Total assets, end of year
$8,042,666
Total liabilities, end of year
$1,047,927
Net assets or fund balances, end of year
$6,994,739
Program services expenses (Part IX)
$2,495,107
Management and general expenses
$0
Fundraising expenses
$742,226
Program service expenses (Part III)
$2,495,107

Program services were 77.1% 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

    $367,749

  • 1f · All other contributions, gifts and grants

    $2,343,230

  • 1g · Noncash contributions included above

    $315,690

  • 3 · Investment income

    total $40,238 · excluded $40,238

  • 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

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

    securities $3,891

  • 7c · Gain or loss

    securities -$3,891

  • 7d · Net gain or loss

    total -$3,891 · excluded -$3,891

  • 8a · Fundraising events: gross income

    $306,867

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

    $367,749

  • 8b · Fundraising events: direct expenses

    $306,867

  • 9a · Gaming: gross income

    $2,120

  • 9b · Gaming: direct expenses

    $1,060

  • 9c · Net income from gaming

    total $1,060 · excluded $1,060

  • 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 $2,495,107 · program services $2,495,107

  • 2 · Grants to domestic individuals

    total $0

  • 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 $16,800 · fundraising $16,800

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $3,646 · fundraising $3,646

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $15,468 · fundraising $15,468

  • 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: ALLOCATION OF PERSONNEL COST

    total $585,886 · fundraising $585,886

  • 24b · Other expenses: FUNDRAISING

    total $120,426 · fundraising $120,426

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,877,351 · end of year $4,409,567

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $4,181,760 · end of year $3,498,817

  • 4 · Accounts receivable

    beginning of year $52,680 · end of year $98,901

  • 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 $26 · end of year $26

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 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 $0 · end of year $35,355

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,700 · end of year $80,330

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $3,000 · 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 $751,693 · end of year $967,597

  • 27 · Net assets without donor restrictions

    beginning of year -$759,190 · end of year -$1,084,957

  • 28 · Net assets with donor restrictions

    beginning of year $9,097,614 · end of year $8,079,696

Mission and programs · 2024

Mission

TO ADVOCATE AND FINANCIALLY SUPPORT THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF RICHMOND MEDICAL CENTER D/B/A RICHMOND UNIVERSITY MEDICAL CENTER; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION, WHICH PROVIDES MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY.

Activities or mission (Part I)

TO ADVOCATE AND FINANCIALLY SUPPORT RICHMOND MEDICAL CENTER; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION.

  • EXPENSES INCURRED IN ADVOCATING AND FINANCIALLY SUPPORTING THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF RICHMOND MEDICAL CENTER D/B/A RICHMOND UNIVERSITY MEDICAL CENTER; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION, WHICH PROVIDES MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY.

    Expenses $2,495,107 · Grants $2,495,107

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Daniel J Messina PhD Mpa

    DIRECTOR - president/ceo

    Total calculated
    $1,400,400
    From this org
    $0
    From related orgs
    $1,159,086
    Other
    $241,314
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $975,155 related
    Bonus
    $0
    Other
    $0 + $183,931 related
    Deferred
    $0 + $205,337 related
    Nontaxable benefits
    $0 + $35,977 related
    Filer's total
    $0 + $1,400,400 related

  • David Murray MBA Fhfma

    Director - EVP, CFO

    Total calculated
    $736,450
    From this org
    $0
    From related orgs
    $595,267
    Other
    $141,183
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $547,737 related
    Bonus
    $0 + $45,000 related
    Other
    $0 + $2,530 related
    Deferred
    $0 + $91,796 related
    Nontaxable benefits
    $0 + $49,387 related
    Filer's total
    $0 + $736,450 related

  • Phillip Otterbeck MD

    DIRECTOR

    Total calculated
    $569,532
    From this org
    $0
    From related orgs
    $524,170
    Other
    $45,362
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $302,044 related
    Bonus
    $0 + $221,565 related
    Other
    $0 + $561 related
    Deferred
    $0 + $27,571 related
    Nontaxable benefits
    $0 + $17,791 related
    Filer's total
    $0 + $569,532 related

  • Joseph G Burt

    VP DEVELOPMENT

    Total calculated
    $303,238
    From this org
    $0
    From related orgs
    $277,907
    Other
    $25,331
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $274,207 related
    Bonus
    $0
    Other
    $0 + $3,700 related
    Deferred
    $0 + $24,711 related
    Nontaxable benefits
    $0 + $620 related
    Filer's total
    $0 + $303,238 related

  • Robert Urs

    CHAIR - DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Joseph Torres

    VICE CHAIR - DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • MARCELLO Sciarrino

    SECRETARY - DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Jay Chazanoff

    TREASURER - DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Allison Cohen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Corash Esq

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Cutrona

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • William D'Angelo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dom Famulari

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lina Fang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joseph Ferrara

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • William Ferri

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brian Gomez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robin Lefkowitz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Orit Lender

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Anthony Libecci

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lisa Lonuzzi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sally Malfi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Timothy Mannix

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michal Menicucci

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Montalbano

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Frank Oswald

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Pankaj R Patel MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Patricia Perfetto

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dianne Powers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John C Santora

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Vincent Theurer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gregory Zenna

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard S Sansaricq

    DIRECTOR (termed 2024)

    Total calculated
    $0
    Hours/week
    1

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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I; QUESTION 4B
THE AMOUNTS REFLECTED IN SCHEDULE J, PART II, COLUMN B(III) FOR THE FOLLOWING INDIVIDUALS INCLUDE A CURRENT YEAR VESTING IN AN INTERNAL REVENUE CODE SECTION 457(F) PLAN (NON-QUALIFIED DEFERRED COMPENSATION PLAN) AS THESE AMOUNTS WERE NO LONGER SUBJECT TO A SUBSTANTIAL RISK OF COMPLETE FORFEITURE. THE AMOUNTS OUTLINED HEREIN WERE INCLUDED IN EACH INDIVIDUAL'S 2024 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES: DANIEL J. MESSINA, PH.D., MPA, FACHE, $162,512 and DAVID MURRAY, MBA, FHFMA, $119. THE DEFERRED COMPENSATION AMOUNT REFLECTED IN SCHEDULE J, PART II, COLUMN C FOR THE FOLLOWING INDIVIDUALS INCLUDE UNVESTED BENEFITS IN AN INTERNAL REVENUE CODE SECTION 457(F) PLAN (NON-QUALIFIED DEFERRED COMPENSATION PLAN) WHICH IS SUBJECT TO A SUBSTANTIAL RISK OF COMPLETE FORFEITURE. ACCORDINGLY, THESE INDIVIDUALS MAY NEVER ACTUALLY RECEIVE THE UNVESTED BENEFIT AMOUNT. THE AMOUNTS OUTLINED HEREIN WERE NOT INCLUDED IN EACH INDIVIDUAL'S 2024 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES: DANIEL J. MESSINA, PH.D., MPA, FACHE, $167,387 and DAVID MURRAY, MBA, FHFMA, $23,846. THE DEFERRED COMPENSATION AMOUNT IN COLUMN (C) FOR THE FOLLOWING INDIVIDUAL INCLUDES UNVESTED BENEFITS IN A LONG-TERM INCENTIVE PLAN WHICH is SUBJECT TO A SUBSTANTIAL RISK OF COMPLETE FORFEITURE. ACCORDINGLY, he MAY NEVER ACTUALLY RECEIVE THIS UNVESTED BENEFIT AMOUNT. THE AMOUNT OUTLINED HEREIN Was NOT INCLUDED IN hiS 2024 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES: DAVID MURRAY, MBA, FHFMA, $30,000.
SCHEDULE J, PART I; QUESTION 7
certain individuals INCLUDED IN SCHEDULE J, PART II RECEIVED A BONUS DURING CALENDAR YEAR 2024 WHICH WAS INCLUDED IN SCHEDULE J, PART II, COLUMN B(II) HEREIN AND IN each individual's 2024 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES. PLEASE REFER TO THIS SECTION OF THE FORM 990, SCHEDULE J FOR THIS INFORMATION by person by amount.
SCHEDULE J, PART II; COLUMN F
The amounts reported in schedule j, part ii, column (f) include amounts reported on prior years' forms 990 in schedule j, part ii, in column (c) as non-taxable unvested deferred compensation with a substantial risk of complete forfeiture component that is now being reported again on this year's form 990. Accordingly, in prior years the individuals never actually received any of these unvested at-risk benefit amounts.

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.

  • BRIDGE REGIONAL HEALTH SYSTEM

    C CORP. · HOLDING CO. · NY

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2025
IRS schema version
2024v5.2
Source object
202533189349313788

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