Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $2,725,096

• 1e · Government grants (contributions)

  $10,357,634

• 1f · All other contributions, gifts and grants

  $1,142,354

• 2a · Program service revenue: HOSPITAL INPT & OUTPT

  total $585,010,660 · related or exempt $585,010,660

• 2b · Program service revenue: RETAIL PHARMACY INCOME

  total $27,276,128 · related or exempt $27,276,128

• 2c · Program service revenue: MEDICAID/GME

  total $18,256,189 · related or exempt $18,256,189

• 2d · Program service revenue: SUPPORT SERVICES

  total $12,637,956 · related or exempt $12,637,956

• 2e · Program service revenue: EDUCATION REVENUE

  total $9,549,743 · related or exempt $9,549,743

• 2f · All other program service revenue

  total $12,392,206 · related or exempt $12,392,206

• 3 · Investment income

  total $14,337,518 · unrelated business -$25,670 · excluded $14,363,188

• 6a · Gross rents

  real property $6,002,813

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $6,002,813

• 6d · Net rental income or loss

  total $6,002,813 · excluded $6,002,813

• 7a · Gross sales of assets other than inventory

  securities $30,398,000

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

  securities $31,231,450

• 7c · Gain or loss

  securities -$833,450

• 7d · Net gain or loss

  total -$833,450 · excluded -$833,450

• 11a · Other revenue: CAFETERIA INCOME

  total $3,295,318 · excluded $3,295,318

• 11e · Other revenue, total

  $3,295,318

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $78,641,815 · program services $78,641,815

• 2 · Grants to domestic individuals

  total $15,000 · program services $15,000

• 5 · Compensation of officers, directors and key employees

  total $442,170 · program services $370,168 · management and general $72,002

• 7 · Other salaries and wages

  total $211,499,754 · program services $177,059,511 · management and general $34,440,243

• 9 · Other employee benefits

  total $55,601,313 · program services $46,544,852 · management and general $9,056,461

• 11a · Fees: management

  total $6,704,348 · management and general $6,704,348

• 11b · Fees: legal

  total $612,654 · management and general $612,654

• 11c · Fees: accounting

  total $48,767 · management and general $48,767

• 11d · Fees: lobbying

  total $301,655 · program services $252,534 · management and general $49,121

• 11f · Fees: investment management

  total $577,437 · management and general $577,437

• 11g · Fees: other

  total $57,812,676 · program services $51,193,221 · management and general $6,619,455

• 12 · Advertising and promotion

  total $90,029 · program services $42,649 · management and general $47,380

• 13 · Office expenses

  total $13,737,697 · program services $7,767,535 · management and general $5,970,162

• 14 · Information technology

  total $4,126,726 · program services $3,454,737 · management and general $671,989

• 16 · Occupancy

  total $13,982,664 · program services $11,705,752 · management and general $2,276,912

• 17 · Travel

  total $771,667 · program services $22,265 · management and general $749,402

• 19 · Conferences, conventions and meetings

  total $391,142 · program services $327,449 · management and general $63,693

• 20 · Interest

  total $7,364,882 · program services $7,364,882

• 22 · Depreciation, depletion and amortization

  total $33,125,902 · program services $27,731,739 · management and general $5,394,163

• 23 · Insurance

  total $4,029,393 · program services $1,495,624 · management and general $2,533,769

• 24a · Other expenses: MEDICAL SUPPLIES

  total $84,460,618 · program services $84,460,618

• 24b · Other expenses: PURCHASED SRVC- INTR CO

  total $45,603,970 · program services $8,694,045 · management and general $36,909,925

• 24c · Other expenses: INDIGENT FEE ASSESSMENT

  total $6,364,343 · management and general $6,364,343

• 24d · Other expenses: CONTR PROGRAM SUPPORT

  total $4,188,663 · program services $3,506,589 · management and general $682,074

• 24e · All other expenses

  total $8,368,213 · program services $7,225,682 · management and general $1,142,531

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $31,934,906 · end of year $1,363,283

• 2 · Savings and temporary cash investments

  beginning of year $100,000 · end of year $70,776,539

• 4 · Accounts receivable

  beginning of year $126,349,698 · end of year $118,761,920

• 8 · Inventories for sale or use

  beginning of year $12,344,060 · end of year $12,762,260

• 9 · Prepaid expenses and deferred charges

  beginning of year $12,232,393 · end of year $11,605,661

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

  $672,431,044

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

  $304,087,217

• 10c · Land, buildings and equipment, net

  beginning of year $377,841,707 · end of year $368,343,827

• 11 · Investments: publicly traded securities

  beginning of year $447,796,805 · end of year $499,233,392

• 12 · Investments: other securities

  end of year $66,513

• 13 · Investments: program-related

  beginning of year $22,009,803 · end of year $25,679,207

• 15 · Other assets

  beginning of year $46,221,759 · end of year $41,212,464

• 17 · Accounts payable and accrued expenses

  beginning of year $53,535,810 · end of year $36,091,537

• 19 · Deferred revenue

  beginning of year $475,215 · end of year $458,126

• 20 · Tax-exempt bond liabilities

  beginning of year $83,625,000 · end of year $78,500,000

• 25 · Other liabilities

  beginning of year $226,554,616 · end of year $216,426,929

• 27 · Net assets without donor restrictions

  beginning of year $693,731,196 · end of year $799,284,151

• 28 · Net assets with donor restrictions

  beginning of year $18,909,294 · end of year $19,044,323

The filer's explanations (Part III)

PART I, LINE 1A

THE ORGANIZATION WILL PROVIDE TAX GROSS UP PAYMENTS IN CERTAIN CIRCUMSTANCES WITH APPROPRIATE LEVELS OF REVIEW AND APPROVAL. DURING THE TAX YEAR, TWO OF THE HIGHEST PAID EMPLOYEES OF THE ORGANIZATION RECEIVED A GROSS UP PAYMENT. THIS BENEFIT WAS TREATED AS TAXABLE COMPENSATION TO THE LISTED INDIVIDUALS.

PART I, LINE 3

THE COMPENSATION COMMITTEE OF THE BOARD OF JOHNS HOPKINS MEDICINE, ON BEHALF OF THE ORGANIZATION, REVIEWS THE PERFORMANCE AND APPROVES THE COMPENSATION OF THE OFFICERS AND KEY PERSONNEL OF THE ORGANIZATION. IN REVIEWING AND APPROVING COMPENSATION, THE COMMITTEE RELIES ON APPROPRIATE MARKET DATA FOR COMPARABLE JOBS IN ORGANIZATIONS, AND ENSURES THAT SUCH DATA INDICATES THE COMPENSATION ORDINARILY PROVIDED BY SIMILARLY SITUATED ORGANIZATIONS, UNDER LIKE CIRCUMSTANCES. DELIBERATIONS AND DECISIONS OF THE COMMITTEE REGARDING THE COMPENSATION ARRANGEMENTS ARE DOCUMENTED IN THE FORM OF MINUTES OF COMMITTEE MEETINGS, AND COPIES OF ALL COMPARABILITY DATA AND REPORTS RETAINED.

PART I, LINE 4B

A SELECT GROUP OF SENIOR LEADERS OF THE JOHNS HOPKINS HEALTH SYSTEM CORPORATION (JHHSC) PARTICIPATE IN SUPPLEMENTAL RETIREMENT/DEFERRED COMPENSATION PROGRAMS, INCLUDING SOME LEGACY ARRANGEMENTS THAT ARE NO LONGER AVAILABLE TO NEW HIRES. PRE-2011 PARTICIPANTS RECEIVE CASH PAYMENTS EACH YEAR DETERMINED WITH REFERENCE TO THEIR SERVICE WITH JHHSC AND THEIR FINAL AVERAGE COMPENSATION. AS OF JANUARY 2019, FUTURE CASH PAYMENTS ARE MADE ACCORDING TO A FIXED SCHEDULE FOR THESE PARTICIPANTS. POST-2011 PARTICIPANTS ACCRUE BENEFITS UNDER A DEFINED CONTRIBUTION FORMULA WHERE CONTRIBUTIONS ARE TIERED BY POSITION LEVEL. CONTRIBUTIONS MADE IN 2018 AND PRIOR YEARS GENERALLY VEST AFTER THE LATER OF FIVE YEARS OF SERVICE WITH JHHSC OR THREE YEARS OF PLAN PARTICIPATION; CONTRIBUTIONS MADE IN 2019 AND FUTURE YEARS VEST THREE YEARS AFTER EACH CONTRIBUTION IS MADE, WITH FULL VESTING ON THE LATER OF AGE 65 OR THREE YEARS OF PLAN PARTICIPATION. ALL CONTRIBUTIONS VEST ON DEATH, DISABILITY OR INVOLUNTARY TERMINATION WITHOUT CAUSE. IF A PARTICIPANT VOLUNTARILY TERMINATES EMPLOYMENT OR IS TERMINATED BY THE EMPLOYER FOR CAUSE PRIOR TO THE APPLICABLE VESTING DATE, THE PARTICIPANT'S ENTIRE NON-VESTED BENEFIT IS FORFEITED ALL OF THESE ARRANGEMENTS WERE APPROVED, IN ADVANCE, BY AN INDEPENDENT COMPENSATION COMMITTEE, WHICH BASED ITS DECISION ON DATA PROVIDED BY AN INDEPENDENT COMPENSATION CONSULTANT. PARTICIPANTS' INTERESTS UNDER THESE ARRANGEMENTS ARE NOT GUARANTEED OR SECURED AT ANY WAY AND AT ALL TIMES ARE SUBJECT TO CLAIMS OF EMPLOYER'S BANKRUPTCY/INSOLVENCY CREDITORS. THE FOLLOWING INDIVIDUALS LISTED ON FORM 990, PART VII, SECTION A, LINE 1A RECEIVED PAYMENT FROM ONE OR MORE SUPPLEMENTAL RETIREMENT/DEFERRED COMPENSATION PROGRAMS, WITH PAYMENTS REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III); THE TOTAL OF AMOUNTS PAYABLE DURING 2022 BUT REPORTED AS DEFERRED COMPENSATION IN COLUMN (C) IN PREVIOUS YEARS IS REPORTED IN SCHEDULE J, PART II, COLUMN (F). THE AMOUNTS BELOW MAY REFLECT ANNUAL CASH PAYMENTS OR MULTIPLE YEARS OF ACCRUALS THAT VESTED IN 2022. INEZ STEWART $486,116.50; PETER MANCINO $40,484.82; G. DANIEL SHEALER $204,811.87 AND KEVIN SOWERS $275,831.54 IN ADDITION TO THOSE LISTED ABOVE, RONALD PETERSON RECEIVED PAYMENT FROM A SUPPLEMENTAL RETIREMENT PROGRAM THAT WAS IN PLACE PRIOR TO 1986 AND SUBJECT TO DIFFERENT TAX RULES. MR. PETERSON ACCRUED BENEFITS OVER A 40+ YEAR CAREER AT JOHNS HOPKINS HEALTH SYSTEM AND THE BENEFIT HAS BEEN REPORTED ON THE FORM 990 TWICE ALREADY: ONCE WHEN ACCRUED AND AGAIN WHEN INCLUDED AS TAXABLE INCOME FOR MEDICARE TAX PURPOSES. BENEFITS ARE PAID AS AN ANNUITY TO MR. PETERSON OVER HIS REMAINING LIFETIME AND TAXED FOR INCOME TAX PURPOSES AS PAID. UNDER FORM 990 REPORTING REQUIREMENTS, MR. PETERSON'S BENEFIT IS REQUIRED TO BE REPORTED A THIRD TIME WHEN PAID. DURING 2022, MR. PETERSON RECEIVED A PAYMENT OF $1,275,825; THIS AMOUNT IS REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III).

PART I, LINE 7

ANNUAL INCENTIVE PLAN: EXECUTIVES PARTICIPATE IN AN ANNUAL INCENTIVE PLAN THAT REWARDS PARTICIPANTS FOR THE ACHIEVEMENT OF ORGANIZATION OBJECTIVES APPROVED BY THE JOHNS HOPKINS MEDICINE COMPENSATION COMMITTEE EACH YEAR, INCLUDING FINANCIAL AND NON-FINANCIAL MEASURES. A PORTION OF THE OVERALL AWARD IS DETERMINED BASED ON INDIVIDUAL PERFORMANCE. DEPENDENT TUITION REIMBURSEMENT: DUE TO THEIR CLOSE COLLABORATION WITH THE JOHNS HOPKINS UNIVERSITY (JHU), JHHSC PROVIDES LEADERS WITH DEPENDENT TUITION REIMBURSEMENT ON A SIMILAR BASIS AS THEIR JHU COUNTERPARTS. DEPENDENT TUITION REIMBURSEMENT IS TAXABLE FOR JHHSC EMPLOYEES. THE DEPENDENT MUST BE ENROLLED FULL TIME AT AN APPROVED, ACCREDITED COLLEGE OR UNIVERSITY AND IN GOOD ACADEMIC STANDING. PAYMENT IS LIMITED TO FOUR YEARS OF FULL TIME, UNDERGRADUATE STUDY PER DEPENDENT CHILD.

FORM 990, PART VII, SECTION A, QUESTION 5

THE FOLLOWING OFFICERS OF JOHNS HOPKINS ALL CHILDREN'S HOSPITAL RECEIVED COMPENSATION FROM AN UNRELATED ORGANIZATION FOR SERVICES RENDERED TO THE FILING ORGANIZATION. ALL CHILDREN'S HOSPITAL REIMBURSED THE JOHNS HOPKINS UNIVERSITY FOR SERVICES ASSOCIATED WITH THE OFFICERS AND THEIR ROLES AT THE HOSPITAL. GEORGE JALLO, M.D. BASE COMPENSATION $875,104.40, BONUS & INCENTIVE COMPENSATION $174,257.52, OTHER REPORTABLE COMPENSATION $18,261.61, DEFERRED COMPENSATION $107,699.00 AND NON-TAXABLE BENEFITS $37,657.40.PAUL COLOMBANI BASE COMPENSATION $0.00, BONUS & INCENTIVE COMPENSATION $0.00, OTHER REPORTABLE COMPENSATION $147,271, DEFERRED COMPENSATION $0.00 AND NON-TAXABLE BENEFITS $0.00. LINDA VAN MARTER BASE COMPENSATION $402,897.58, BONUS & INCENTIVE COMPENSATION $40,352.68, OTHER REPORTABLE COMPENSATION $10,558.71, DEFERRED COMPENSATION $36,600.00 AND NON-TAXABLE BENEFITS $17,352.76.

Disregarded entities

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

• FORALLKIDS LLC

  LESSOR · FL · income $379,704 · assets $336,913

  Directly controlled by JOHNS HOPKINS ALL CHILDREN'S HOSPITAL INC

• ALL CHILDREN'S COMMUNITY NETWORK LLC

  PEDIATRIC NETWORK · FL · income $678,680 · assets $1,579,333

  Directly controlled by FORALLKIDS LLC

Related partnerships

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

• HEALTHCARE SUPPLY CHAIN INNOVATIONS LLC

  GROUP PURCHASING · MD

• HOWARD COUNTY NEONATAL SERVICES SERIES

  NEONATAL HEALTH · MD

• JHMI UTILITIES LLC

  UTILITY FACILITIES · MD

• JOHNS HOPKINS HEALTH CARE AND SURGERY CENTER DEVELOPMENT LLC

  LEASING REAL PROPERTY · MD

• JOHNS HOPKINS HEALTHCARE LLC

  MEDICAL SVCS · MD

• JOHNS HOPKINS MEDICINE ALLIANCE FOR PATIENTS

  HEALTHCARE SVC · MD

• JOHNS HOPKINS MEDICINE INTERNATIONAL LLC

  MEDICAL SVCS · MD

• JOHNS HOPKINS SURGERY CENTER SERIES

  SURGERY · MD

• MARYLAND HEALTH ADVANTAGE LLC

  HOLDING COMPANY · DE

• WEST COUNTY MEDICAL LLC

  REAL ESTATE · MD

• JOHNS HOPKINS PERSONALIZED CARE LLC

  MEDICAL SVCS · MD

Related corporations and trusts

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

• HOWARD COUNTY HEALTH SERVICES INC

  C · HEALTHCARE MANAGEMENT · MD

• JOHNS HOPKINS EMPLOYER HEALTH PROGRAMS INC

  C · BENEFIT PLANS · MD

• JOHNS HOPKINS MEDICAL MANAGEMENT CORPORATION

  C · NURSING SERVICES · MD

• SSA HOLDCO INC

  C · INVESTMENT · PA

• SUBURBAN HEALTH ENTERPRISES INC

  C · MEDICAL OFFICE LEASING AND RELEASING · MD

• TCAS INC

  C · NURSING SERVICES · MD

• SAFETOWER INC

  C · MEDICAL TECH COMPANY · DE