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Nonprofiteer
← COLLIS P & HOWARD HUNTINGTON MEMORIAL HOSPITAL TRUST

Form 990 for tax year 2022

Filed by COLLIS P & HOWARD HUNTINGTON MEMORIAL HOSPITAL TRUST.

Totals

Total revenue
$3,371,394
Total expenses
$13,622,406
Contributions and grants received
$0
Grants paid
$12,883,161
Program service revenue
$0
Investment income
-$1,324,829
Other revenue
$4,696,223
Total assets, end of year
$334,707,387
Total liabilities, end of year
$3,990,097
Net assets or fund balances, end of year
$330,717,290
Program services expenses (Part IX)
$12,883,161
Management and general expenses
$739,245
Fundraising expenses
$0
Program service expenses (Part III)
$12,883,161

Program services were 94.6% 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.

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $5,189,243 · excluded $5,189,243

  • 6a · Gross rents

    real property $10,592,862

  • 6b · Less rental expenses

    real property $5,896,639

  • 6c · Rental income or loss

    real property $4,696,223 · personal property $0

  • 6d · Net rental income or loss

    total $4,696,223 · excluded $4,696,223

  • 7a · Gross sales of assets other than inventory

    securities $61,133,665

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

    securities $67,647,737

  • 7c · Gain or loss

    securities -$6,514,072 · other assets $0

  • 7d · Net gain or loss

    total -$6,514,072 · excluded -$6,514,072

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $12,883,161 · program services $12,883,161

  • 11c · Fees: accounting

    total $144,946 · management and general $144,946

  • 11f · Fees: investment management

    total $594,299 · management and general $594,299

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,232,615 · end of year $1,173,717

  • 2 · Savings and temporary cash investments

    beginning of year $1,026,975 · end of year $738,786

  • 4 · Accounts receivable

    beginning of year $462,689 · end of year $335,074

  • 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

  • 9 · Prepaid expenses and deferred charges

    beginning of year $480,605 · end of year $647,514

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

    $73,128,955

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

    $22,587,509

  • 10c · Land, buildings and equipment, net

    beginning of year $46,355,179 · end of year $50,541,446

  • 11 · Investments: publicly traded securities

    beginning of year $267,785,478 · end of year $281,270,850

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $611,157 · end of year $1,061,519

  • 19 · Deferred revenue

    beginning of year $2,013,503 · end of year $1,616,228

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $7,497,782 · end of year $1,312,350

  • 27 · Net assets without donor restrictions

    beginning of year $305,013,067 · end of year $328,248,123

  • 28 · Net assets with donor restrictions

    beginning of year $2,208,032 · end of year $2,469,167

Mission and programs · 2022

Mission

THE ORGANIZATION IS A CHARITABLE TRUST AND OPERATES SOLELY FOR THE BENEFIT OF PASADENA HOSPITAL ASSOCIATION LTD (DBA HUNTINGTON HEALTH).

Activities or mission (Part I)

ESTABLISHED IN 1932 UNDER THE TERMS OF THE WILL OF HENRY E. HUNTINGTON, THE TRUST'S FUND WAS ALLOCATED TO THE PROPERTY ACQUISITION, MAINTENANCE AND OPERATION OF PASADENA HOSP ASSN. LTD (DBA HUNTINGTON HEALTH).

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $12,883,161 · Grants $12,883,161

As filed on the 2022 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • David Kirchheimer

    TRUSTEE AND TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Michelle Quinones Chino

    TRUSTEE AND SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Wayne Brandt

    TRUSTEE AND CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jaynie Studenmund

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Paul Johnson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Lori J Morgan MD MBA

    AGENT/TOP MANAGEMENT OFFICIAL

    Total calculated
    $3,089,630
    From this org
    $0
    From related orgs
    $2,730,317
    Other
    $359,313
    Hours/week
    1 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,210,093 related
    Bonus
    $0 + $1,361,145 related
    Other
    $0 + $159,079 related
    Deferred
    $0 + $346,864 related
    Nontaxable benefits
    $0 + $12,449 related
    Filer's total
    $0 + $3,089,630 related

  • Steven L Mohr

    AGENT/TOP FINANCIAL OFFICIAL

    Total calculated
    $1,138,607
    From this org
    $0
    From related orgs
    $1,035,732
    Other
    $102,875
    Hours/week
    1 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $640,174 related
    Bonus
    $0 + $220,708 related
    Other
    $0 + $174,850 related
    Deferred
    $0 + $84,343 related
    Nontaxable benefits
    $0 + $18,532 related
    Filer's total
    $0 + $1,138,607 related

  • Bradley McCoy

    AGENT (THRU 2/23)

    Total calculated
    $599,741
    From this org
    $0
    From related orgs
    $521,751
    Other
    $77,990
    Hours/week
    10 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $334,744 related
    Bonus
    $0 + $163,126 related
    Other
    $0 + $23,881 related
    Deferred
    $0 + $71,796 related
    Nontaxable benefits
    $0 + $6,194 related
    Filer's total
    $0 + $599,741 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 Supplemental nonqualified retirement plan
457(F) NON-QUALIFIED RETENTION PLAN: HUNTINGTON HOSPITAL ADOPTED A 457(F) NON-QUALIFIED RETENTION PLAN, EFFECTIVE DECEMBER 15, 2005. THE PURPOSE OF THE PLAN IS TO ENCOURAGE RETENTION OF PEOPLE WHO ARE CRITICAL TO THE LONG-TERM HEALTH AND MISSION OF OUR ORGANIZATION, AND TO ENCOURAGE THEM TO THINK IN TERMS OF SPENDING THEIR FULL CAREERS WITH US. THIS BENEFITS THE ORGANIZATION WITH CONTINUITY AND STABILITY OF KEY MEMBERS OF OUR LEADERSHIP TEAM. THE PLAN COVERS CERTAIN MEMBERS OF THE EXECUTIVE MANAGEMENT TEAM OF PHA. AS MEMBERS OF THE EXECUTIVE MANAGEMENT TEAM OF PHA, CERTAIN PERSONS LISTED ON PART VII OF THE 990 PARTICIPATE IN THE PLAN. THE BENEFITS ACCRUED FOR EACH INDIVIDUAL UNDER OUR 457(F) RETENTION PLAN WERE PAID IN A LUMP SUM UPON VESTING. PARTICIPANTS VEST AFTER THREE YEARS OF SERVICE. DURING THE VESTING PERIOD, THE RETENTION PLAN BENEFIT IS SUBJECT TO SUBSTANTIAL RISK OF FORFEITURE. THE FOLLOWING INDIVIDUAL RECEIVED A TAXABLE PAYOUT DURING 2022: STEVEN MOHR - $124,800 457(F) EXECUTIVE SUPPLEMENTAL RETIREMENT PLAN: HUNTINGTON HOSPITAL ADOPTED THE EXECUTIVE SUPPLEMENTAL RETIREMENT PLAN, EFFECTIVE JANUARY 1, 2014 FOR THE BENEFIT OF A SELECT GROUP OF EXECUTIVE MANAGEMENT OR HIGHLY COMPENSATED EMPLOYEES. THE PURPOSE OF THE PLAN IS TO ENHANCE THE ABILITY OF THE HOSPITAL TO ATTRACT AND RETAIN QUALIFIED MANAGEMENT OR HIGHLY COMPENSATED PERSONNEL. PARTICIPATION IN THE PLAN IS LIMITED TO EMPLOYEES WHO (I) QUALIFY FOR INCLUSION IN A GROUP OF MANAGEMENT OR HIGHLY COMPENSATED EMPLOYEES', AND (II) ARE CLASSIFIED AS EXECUTIVES AT THE VICE PRESIDENT, AND SENIOR VICE PRESIDENT LEVEL OR ABOVE. ADDITIONAL AMOUNTS RELATING TO THE 457(F) EXECUTIVE SUPPLEMENTAL RETIREMENT PLAN WERE ACCRUED DURING 2022 TO PROPERLY REFLECT PRIOR YEAR ACTIVITY.
Schedule J, Part I, Line 3 SUPPLEMENTAL COMPENSATION INFORMATION
HUNTINGTON HOSPITAL, A RELATED ORGANIZATION, UNDERTAKES THE PROCESS FOR DETERMINING EXECUTIVE COMPENSATION. FOR A DESCRIPTION OF THE COMPENSATION DETERMINATION PROCESS, SEE THE DISCLOSURE FOR PART VI, LINES 15A AND 15B IN SCHEDULE O.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • HUNTINGTON AMBULATORY SURGERY CENTER LLC

    N/A · SURGERY CENTER · CA

    Directly controlled by NA

  • ENDOSCOPY CTR OF SANTA MONICA LLC

    N/A · ENDOSCOPIES · CA

    Directly controlled by NA

  • ISS ASC HOLDINGS LLC

    N/A · INVESTMENT IN HEALTHCARE · CA

    Directly controlled by NA

  • INTERNATIONAL SPINE THOPEDIC INSTITUTE LLC

    N/A · MEDICAL INSTITUTE · DE

    Directly controlled by NA

  • SANTA MONICA IMAGING GROUP LLC

    N/A · IMAGING CENTER · CA

    Directly controlled by NA

  • CS-BH ASC HOLDINGS LLC

    N/A · HOLDING COMPANY · CA

    Directly controlled by NA

  • TORRANCE MEMORIAL SURGICAL CENTER

    N/A · SURGICAL SERVICES · CA

    Directly controlled by NA

  • 3565 DEL AMO ASSOCIATES A CALIFORNIA LIMITED PARTNERSHIP

    N/A · RENTAL REAL ESTATE · CA

    Directly controlled by NA

  • 90210 ASC VENTURE LLC

    N/A · AMBULATORY SURGERY CENTER · CA

    Directly controlled by NA

  • ABCENTRA LLC

    N/A · RESEARCH AND DEVELOPMENT · DE

    Directly controlled by NA

  • TIA-CEDARS MANAGEMENT

    N/A · INVESTMENT IN HEALTHCARE SERVICES · CA

    Directly controlled by NA

  • K HEALTH-CEDARS MANAGEMENT SERVICES ORGANIZATION LLC

    N/A · HEALTHCARE MANAGEMENT SERVICES · CA

    Directly controlled by NA

Related corporations and trusts

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

  • CONGRESS SERVICES CORPORATION

    C Corporation · MANAGEMENT SERVIES · CA

    Directly controlled by NA

  • OPTIMATRIX HEALTH SOLUTIONS INC

    C Corporation · INACTIVE · CA

    Directly controlled by NA

  • OTOHARMONICS CORPORATION

    C Corporation · INACTIVE · DE

    Directly controlled by NA

  • GRAVIDAS DIAGNOSTICS INC

    C Corporation · MEDICAL EQUIPMENT AND SUPPLIES MANUFACTURING · DE

    Directly controlled by NA

  • THIRD STREET INSURANCE COMPANY (SAC) LTD

    C Corporation · CAPTIVE INSURANCE · BD

    Directly controlled by NA

  • TRIAN PARTNERS II LTD

    C Corporation · INVESTMENTS · CJ

    Directly controlled by NA

  • CORONET VENTURES (SINGAPORE) PTE LTD

    C Corporation · BIOMEDICAL INNOCATION INVESTMENTS · SN

    Directly controlled by NA

  • LIQUID LOAN OPPORTUNITIES FUND LP

    C Corporation · INVESTMENTS · CJ

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2022
Filed
14 June 2024
IRS schema version
2022v5.0
Source object
202411669349300736

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