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← REGIONS HOSPITAL FOUNDATION

Form 990 for tax year 2022

Filed by REGIONS HOSPITAL FOUNDATION.

Totals

Total revenue
$11,382,226
Total expenses
$6,818,936
Contributions and grants received
$10,942,435
Grants paid
$3,343,635
Program service revenue
$0
Investment income
$439,267
Other revenue
$524
Total assets, end of year
$36,580,603
Total liabilities, end of year
$3,023,832
Net assets or fund balances, end of year
$33,556,771
Program services expenses (Part IX)
$6,818,936
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$6,818,936

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

    $170,914

  • 1e · Government grants (contributions)

    $107,950

  • 1f · All other contributions, gifts and grants

    $10,663,571

  • 1g · Noncash contributions included above

    $8,549

  • 3 · Investment income

    total $873,692 · excluded $873,692

  • 7a · Gross sales of assets other than inventory

    securities $740,164,572

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

    securities $740,598,997

  • 7c · Gain or loss

    securities -$434,425

  • 7d · Net gain or loss

    total -$434,425 · excluded -$434,425

  • 11a · Other revenue: MISCELLANEOUS

    total $524 · excluded $524

  • 11e · Other revenue, total

    $524

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,266,871 · program services $3,266,871

  • 2 · Grants to domestic individuals

    total $76,764 · program services $76,764

  • 11g · Fees: other

    total $2,061,974 · program services $2,061,974

  • 12 · Advertising and promotion

    total $260,088 · program services $260,088

  • 13 · Office expenses

    total $164,526 · program services $164,526

  • 14 · Information technology

    total $78,391 · program services $78,391

  • 16 · Occupancy

    total $179,369 · program services $179,369

  • 17 · Travel

    total $70,718 · program services $70,718

  • 19 · Conferences, conventions and meetings

    total $24,545 · program services $24,545

  • 24a · Other expenses: MISCELLANEOUS

    total $374,064 · program services $374,064

  • 24b · Other expenses: BAD DEBT

    total $110,658 · program services $110,658

  • 24c · Other expenses: SUPPLIES & EQUIPMENT

    total $108,490 · program services $108,490

  • 24d · Other expenses: TRAINING/EDUCATION

    total $42,478 · program services $42,478

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $861,678 · end of year $333,194

  • 2 · Savings and temporary cash investments

    beginning of year $8,416,886 · end of year $11,108,833

  • 3 · Pledges and grants receivable

    beginning of year $2,456,793 · end of year $2,375,222

  • 4 · Accounts receivable

    beginning of year $38,189

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,527 · end of year $5,500

  • 11 · Investments: publicly traded securities

    beginning of year $26,476,975 · end of year $22,757,854

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,518,727 · end of year $2,613,555

  • 19 · Deferred revenue

    beginning of year $664,024 · end of year $410,277

  • 27 · Net assets without donor restrictions

    beginning of year $7,819,297 · end of year $8,291,771

  • 28 · Net assets with donor restrictions

    beginning of year $25,265,000 · end of year $25,265,000

Mission and programs · 2022

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 $6,818,936 · Grants $3,343,635

As filed on the 2022 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 MD

    DIRECTOR

    Total calculated
    $236,385
    From this org
    $0
    From related orgs
    $148,677
    Other
    $87,708
    Hours/week
    0.5 + 27.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $136,873 related
    Bonus
    $0
    Other
    $0 + $11,804 related
    Deferred
    $0 + $70,226 related
    Nontaxable benefits
    $0 + $17,482 related
    Filer's total
    $0 + $236,385 related

  • LEAETTA HOUGH PHD

    DIRECTOR (JAN-MAR)

    Total calculated
    $0
    Hours/week
    0.25

  • DUCHESS HARRIS JD PHD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.21

  • TOM KINGSTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • KATIE KELLEY

    DIRECTOR & SECRETARY

    Total calculated
    $0
    Hours/week
    0.21

  • MATT LAYMAN MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • CATHERINE DRAPER

    DIRECTOR

    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
    $713,615
    From this org
    $0
    From related orgs
    $610,105
    Other
    $103,510
    Hours/week
    0.5 + 56.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $459,752 related
    Bonus
    $0 + $143,189 related
    Other
    $0 + $7,164 related
    Deferred
    $0 + $60,762 related
    Nontaxable benefits
    $0 + $42,748 related
    Filer's total
    $0 + $713,615 related

  • BALKRISHNA N JAHAGIRDAR MBBS

    DIRECTOR

    Total calculated
    $723,192
    From this org
    $0
    From related orgs
    $624,013
    Other
    $99,179
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $407,883 related
    Bonus
    $0
    Other
    $0 + $216,130 related
    Deferred
    $0 + $57,348 related
    Nontaxable benefits
    $0 + $41,831 related
    Filer's total
    $0 + $723,192 related

  • DONNA J ZIMMERMAN

    DIRECTOR (JAN-FEB)

    Total calculated
    $271,354
    From this org
    $0
    From related orgs
    $209,819
    Other
    $61,535
    Hours/week
    0.5 + 54.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $88,076 related
    Bonus
    $0 + $112,131 related
    Other
    $0 + $9,612 related
    Deferred
    $0 + $44,161 related
    Nontaxable benefits
    $0 + $17,374 related
    Filer's total
    $0 + $271,354 related

  • JULIE BUSHMAN

    DIRECTOR (JAN-MAY)

    Total calculated
    $0
    Hours/week
    0.21

  • FRANK FLORES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.21

  • PAHOUA Y HOFFMAN

    DIRECTOR

    Total calculated
    $324,383
    From this org
    $0
    From related orgs
    $252,864
    Other
    $71,519
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $251,523 related
    Bonus
    $0
    Other
    $0 + $1,341 related
    Deferred
    $0 + $37,515 related
    Nontaxable benefits
    $0 + $34,004 related
    Filer's total
    $0 + $324,383 related

  • JOHN M CLARK

    VICE PRESIDENT FINANCE

    Total calculated
    $315,218
    From this org
    $0
    From related orgs
    $279,190
    Other
    $36,028
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $231,742 related
    Bonus
    $0 + $39,947 related
    Other
    $0 + $7,501 related
    Deferred
    $0 + $22,169 related
    Nontaxable benefits
    $0 + $13,859 related
    Filer's total
    $0 + $315,218 related

  • MEGAN M REMARK

    PRESIDENT & DIRECTOR

    Total calculated
    $1,148,337
    From this org
    $0
    From related orgs
    $871,434
    Other
    $276,903
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $572,441 related
    Bonus
    $0 + $213,079 related
    Other
    $0 + $85,914 related
    Deferred
    $0 + $231,484 related
    Nontaxable benefits
    $0 + $45,419 related
    Filer's total
    $0 + $1,148,337 related

  • HEIDI G CONRAD

    CHIEF FINANCIAL OFFICER (JAN-OCT)

    Total calculated
    $666,660
    From this org
    $0
    From related orgs
    $549,913
    Other
    $116,747
    Hours/week
    0.5 + 54.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $363,640 related
    Bonus
    $0 + $166,627 related
    Other
    $0 + $19,646 related
    Deferred
    $0 + $80,282 related
    Nontaxable benefits
    $0 + $36,465 related
    Filer's total
    $0 + $666,660 related

  • ANTHONY C GRUNDHAUSER

    VICE PRESIDENT

    Total calculated
    $335,209
    From this org
    $0
    From related orgs
    $292,388
    Other
    $42,821
    Hours/week
    44.5 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $252,257 related
    Bonus
    $0 + $28,379 related
    Other
    $0 + $11,752 related
    Deferred
    $0 + $7,172 related
    Nontaxable benefits
    $0 + $35,649 related
    Filer's total
    $0 + $335,209 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 $ 37,280 PAHOUA Y. HOFFMAN $18,003
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 MANAGEMENT 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 MANAGEMENT INCENTIVE PROGRAMS' REWARDS ARE BASED ON POSITION IN THE ORGANIZATION (E.G. SENIOR VICE PRESIDENT, VICE PRESIDENT, DIRECTOR, MANAGER, OTHER SPECIFICALLY IDENTIFIED LEADERS) AND THE ACHIEVEMENT OF 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 CARE AND CARE DELIVERY MARKET SHARE, 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 $34,053 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.

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202323189349304157

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