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← IOWA HEALTH FOUNDATION

Form 990 for tax year 2023

Filed by IOWA HEALTH FOUNDATION.

Totals

Total revenue
$17,570,590
Total expenses
$17,533,792
Contributions and grants received
$9,253,185
Grants paid
$13,001,252
Program service revenue
$79,565
Investment income
$8,286,394
Other revenue
-$48,554
Total assets, end of year
$227,105,763
Total liabilities, end of year
$24,035,092
Net assets or fund balances, end of year
$203,070,671
Program services expenses (Part IX)
$13,001,252
Management and general expenses
$2,636,606
Fundraising expenses
$1,895,934
Program service expenses (Part III)
$13,001,252

Program services were 74.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • LARRY BAKER DO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TIM BILLERBECK

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • CHARLES COLBY III

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • REYNOLDS CRAMER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOHN GHRIST MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DEVON GOETZ MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LINDA GRANDQUIST

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CHRISTINE HALBROOK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CARMA HERRING RN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RANDY HERTZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • THOMAS HOUSER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BURTON 'TOBY' JOSEPH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GARY KAHN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MIKE KAMMERER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SHELLEY KOLZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MIKE MCCOY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROSE MITCHELL

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JAMIE MYERS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RICK PERTZBORN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MIKE RICHARDSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TONY ROGERS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAVID STARK

    BOARD MEMBER/CEO

    Total calculated
    $1,133,577
    From this org
    $0
    From related orgs
    $1,041,723
    Other
    $91,854
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $603,461 related
    Bonus
    $0 + $421,773 related
    Other
    $0 + $16,489 related
    Deferred
    $0 + $67,576 related
    Nontaxable benefits
    $0 + $24,278 related
    Filer's total
    $0 + $1,133,577 related

  • GEORGIA VAN GUNDY

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    1

  • MARK WISKUS

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • DONALD IRELAND-SCHUNICHT

    SVP, GIFT PLANNING

    Total calculated
    $186,657
    From this org
    $0
    From related orgs
    $168,664
    Other
    $17,993
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $121,320 related
    Bonus
    $0 + $25,554 related
    Other
    $0 + $21,790 related
    Deferred
    $0 + $8,580 related
    Nontaxable benefits
    $0 + $9,413 related
    Filer's total
    $0 + $186,657 related

  • DAN LAGRANGE VP PHILANTHROPY

    VP FINANCE & OPERATIONS

    Total calculated
    $292,459
    From this org
    $0
    From related orgs
    $247,033
    Other
    $45,426
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $191,952 related
    Bonus
    $0 + $50,538 related
    Other
    $0 + $4,543 related
    Deferred
    $0 + $12,585 related
    Nontaxable benefits
    $0 + $32,841 related
    Filer's total
    $0 + $292,459 related

  • DENNIS LINDERBAUM

    PRESIDENT

    Total calculated
    $394,365
    From this org
    $0
    From related orgs
    $352,520
    Other
    $41,845
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $259,166 related
    Bonus
    $0 + $67,820 related
    Other
    $0 + $25,534 related
    Deferred
    $0 + $16,500 related
    Nontaxable benefits
    $0 + $25,345 related
    Filer's total
    $0 + $394,365 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)

PART I, LINE 4B
NONQUALIFIED RETIREMENT PLAN CONTRIBUTIONS: THE FOLLOWING INDIVIDUAL(S) PARTICIPATED IN AND RECEIVED CONTRIBUTIONS IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: DAVID STARK $51,076.
SCHEDULE J, PART I, LINE 3 - ESTABLISHING COMPENSATION
THE EXECUTIVE COMMITTEE OF THE IOWA HEALTH SYSTEM BOARD OF DIRECTORS ("COMMITTEE") CONDUCTS A COMPREHENSIVE REVIEW OF ALL COMPENSATION AND BENEFITS PROVIDED TO THE ORGANIZATION'S OFFICERS AND KEY EMPLOYEES, INCLUDING THE IHS CHIEF EXECUTIVE OFFICER (THE "CEO"). THIS REVIEW COMPARES THE TOTAL COMPENSATION AND VALUE OF BENEFITS PROVIDED TO EACH EXECUTIVE, ON A POSITION BY POSITION BASIS, TO THAT PROVIDED TO FUNCTIONALLY SIMILAR POSITIONS IN SIMILARLY SITUATED ORGANIZATIONS. THIS REVIEW IS CONDUCTED BY THE COMMITTEE WITH THE ASSISTANCE OF A NATIONAL, INDEPENDENT COMPENSATION CONSULTANT REPORTING DIRECTLY TO THE COMMITTEE. THE COMMITTEE HAS BEEN DELEGATED THE RESPONSIBILITY FOR OVERSIGHT OF EXECUTIVE COMPENSATION AND IS MADE UP ENTIRELY OF INDEPENDENT DIRECTORS WITHIN THE MEANING OF THE "REBUTTABLE PRESUMPTION OF REASONABLENESS" UNDER THE FEDERAL INCOME TAX INTERMEDIATE SANCTIONS RULES. THE COMPENSATION CONSULTANT HOLDS ITSELF OUT TO THE PUBLIC AS A COMPENSATION CONSULTANT, PERFORMS THESE VALUATIONS ON A REGULAR BASIS, IS QUALIFIED TO MAKE THE VALUATIONS OF THE SERVICES INVOLVED, AND HAS SO INDICATED IN A WRITTEN CERTIFICATION TO THE COMMITTEE. BASED UPON THE ADVICE OF THE COMPENSATION CONSULTANT, AND APPLYING THE BOARD'S COMPENSATION PHILOSOPHY, THE COMMITTEE ESTABLISHES THE OVERALL ADJUSTMENT IN COMPENSATION AND BENEFITS FOR THE TOP EXECUTIVES IN THE ENTIRE HEALTH SYSTEM (SEVERAL OF WHICH ARE EMPLOYEES OF THE FILING ORGANIZATION) AND DELEGATES TO THE CEO THE AUTHORITY TO MAKE ADJUSTMENTS, CONSISTENT WITH THE COMMITTEE'S DIRECTION, FOR THE OTHER EXECUTIVES. THE COMMITTEE DETERMINES ALL ASPECTS OF THE COMPENSATION AND BENEFITS OF THE CEO. THE COMMITTEE INTENTIONALLY TAKES ALL THE STEPS NECESSARY TO QUALIFY FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER THE FEDERAL INCOME TAX LAW INTERMEDIATE SANCTIONS RULES, INCLUDING CONTEMPORANEOUS SUBSTANTIATION OF ALL COMMITTEE MEETINGS AND ACTIONS. THE ORGANIZATION BELIEVES IT IS IN FULL COMPLIANCE WITH SECTION 4958 OF THE IRC, PROVIDES NO MORE THAN REASONABLE AND FAIR MARKET VALUE COMPENSATION AND BENEFITS FOR ITS EMPLOYEES AND DOES NOT PROVIDE ANY EXCESS COMPENSATION OR BENEFITS AS PROHIBITED BY SECTION 4958.

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 partnerships

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

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2023
Filed
9 November 2024
IRS schema version
2023v5.1
Source object
202423199349316582

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