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Nonprofiteer
← THE STERN CARDIOVASCULAR FOUNDATION INC

Form 990 for tax year 2023

Filed by THE STERN CARDIOVASCULAR FOUNDATION INC.

Totals

Total revenue
$61,270,919
Total expenses
$110,589,164
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$60,521,641
Investment income
$110,902
Other revenue
$638,376
Total assets, end of year
$17,815,133
Total liabilities, end of year
$358,981,036
Net assets or fund balances, end of year
-$341,165,903
Program services expenses (Part IX)
$103,646,141
Management and general expenses
$6,943,023
Fundraising expenses
$0
Program service expenses (Part III)
$103,646,141

Program services were 93.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • TODD D EDWARDS MD

    PHYSICIAN/DIRECTOR

    Total calculated
    $2,165,939
    From this org
    $2,072,654
    From related orgs
    $0
    Other
    $93,285
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,839,300
    Bonus
    $0
    Other
    $233,354
    Deferred
    $30,000
    Nontaxable benefits
    $63,285
    Filer's total
    $2,165,939

  • STEVEN S GUBIN MD

    PHYSICIAN/PRESIDENT/EX-OFFICIO

    Total calculated
    $2,012,345
    From this org
    $1,936,311
    From related orgs
    $0
    Other
    $76,034
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,516,919
    Bonus
    $0
    Other
    $419,392
    Deferred
    $30,000
    Nontaxable benefits
    $46,034
    Filer's total
    $2,012,345

  • ARSALAN SHIRWANY MD

    PHYSICIAN/DIRECTOR (AS OF 01/24)

    Total calculated
    $1,879,354
    From this org
    $1,804,992
    From related orgs
    $0
    Other
    $74,362
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,669,035
    Bonus
    $0
    Other
    $135,957
    Deferred
    $30,000
    Nontaxable benefits
    $44,362
    Filer's total
    $1,879,354

  • ARIE SZATKOWSKI MD

    PHYSICIAN/DIRECTOR

    Total calculated
    $1,571,032
    From this org
    $1,479,030
    From related orgs
    $0
    Other
    $92,002
    Hours/week
    38.85 + 1.15 related

    Schedule J breakdown matched by us

    Base
    $1,418,218
    Bonus
    $0
    Other
    $60,812
    Deferred
    $30,000
    Nontaxable benefits
    $62,002
    Filer's total
    $1,571,032

  • CHRISTOPHER INGELMO MD

    PHYSICIAN/DIRECTOR

    Total calculated
    $1,419,792
    From this org
    $1,328,805
    From related orgs
    $0
    Other
    $90,987
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,324,391
    Bonus
    $0
    Other
    $4,414
    Deferred
    $30,000
    Nontaxable benefits
    $60,987
    Filer's total
    $1,419,792

  • GARY C ANDERSON

    DIRECTOR

    Total calculated
    $1,300,745
    From this org
    $0
    From related orgs
    $1,212,139
    Other
    $88,606
    Hours/week
    0.17 + 39.83 related

    Schedule J breakdown matched by us

    Base
    $0 + $600,484 related
    Bonus
    $0 + $402,810 related
    Other
    $0 + $208,845 related
    Deferred
    $0 + $64,875 related
    Nontaxable benefits
    $0 + $23,731 related
    Filer's total
    $0 + $1,300,745 related

  • MARK E SWANSON MD

    DIRECTOR

    Total calculated
    $1,220,645
    From this org
    $0
    From related orgs
    $1,195,822
    Other
    $24,823
    Hours/week
    0.17 + 39.83 related

    Schedule J breakdown matched by us

    Base
    $0 + $640,113 related
    Bonus
    $0 + $412,452 related
    Other
    $0 + $143,257 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $24,823 related
    Filer's total
    $0 + $1,220,645 related

  • MARK COPPESS MD

    PHYSICIAN/DIRECTOR

    Total calculated
    $1,212,171
    From this org
    $1,126,907
    From related orgs
    $0
    Other
    $85,264
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,113,270
    Bonus
    $0
    Other
    $13,637
    Deferred
    $30,000
    Nontaxable benefits
    $55,264
    Filer's total
    $1,212,171

  • JOHN S GARDNER MD

    PHYSICIAN/DIRECTOR

    Total calculated
    $1,084,440
    From this org
    $1,003,337
    From related orgs
    $0
    Other
    $81,103
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $980,835
    Bonus
    $0
    Other
    $22,502
    Deferred
    $22,500
    Nontaxable benefits
    $58,603
    Filer's total
    $1,084,440

  • JEFFREY KERLAN MD

    PHYSICIAN/DIRECTOR

    Total calculated
    $960,884
    From this org
    $881,335
    From related orgs
    $0
    Other
    $79,549
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $867,124
    Bonus
    $0
    Other
    $14,211
    Deferred
    $30,000
    Nontaxable benefits
    $49,549
    Filer's total
    $960,884

  • BASIL PAULUS MD

    PHYSICIAN/DIRECTOR

    Total calculated
    $857,356
    From this org
    $780,810
    From related orgs
    $0
    Other
    $76,546
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $740,424
    Bonus
    $0
    Other
    $40,386
    Deferred
    $22,500
    Nontaxable benefits
    $54,046
    Filer's total
    $857,356

  • JUSTIN RHODES

    DIRECTOR (AS OF 09/24)

    Total calculated
    $526,012
    From this org
    $0
    From related orgs
    $441,335
    Other
    $84,677
    Hours/week
    0.17 + 39.83 related

    Schedule J breakdown matched by us

    Base
    $0 + $273,708 related
    Bonus
    $0 + $41,976 related
    Other
    $0 + $125,651 related
    Deferred
    $0 + $61,205 related
    Nontaxable benefits
    $0 + $23,472 related
    Filer's total
    $0 + $526,012 related

  • GREGORY M DUCKETT

    SECRETARY

    Total calculated
    $1,346,501
    From this org
    $0
    From related orgs
    $1,256,183
    Other
    $90,318
    Hours/week
    0.17 + 39.83 related

    Schedule J breakdown matched by us

    Base
    $0 + $494,822 related
    Bonus
    $0 + $339,432 related
    Other
    $0 + $421,929 related
    Deferred
    $0 + $50,496 related
    Nontaxable benefits
    $0 + $39,822 related
    Filer's total
    $0 + $1,346,501 related

  • DEBORAH EDDLESTONE

    CEO

    Total calculated
    $431,911
    From this org
    $364,458
    From related orgs
    $0
    Other
    $67,453
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $326,180
    Bonus
    $0
    Other
    $38,278
    Deferred
    $30,000
    Nontaxable benefits
    $37,453
    Filer's total
    $431,911

  • MELISSA REAVES

    CFO

    Total calculated
    $276,376
    From this org
    $223,200
    From related orgs
    $0
    Other
    $53,176
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $190,000
    Bonus
    $0
    Other
    $33,200
    Deferred
    $26,000
    Nontaxable benefits
    $27,176
    Filer's total
    $276,376

  • DAVID Z LAN MD

    PHYSICIAN

    Total calculated
    $1,750,962
    From this org
    $1,656,702
    From related orgs
    $0
    Other
    $94,260
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,642,288
    Bonus
    $0
    Other
    $14,414
    Deferred
    $30,000
    Nontaxable benefits
    $64,260
    Filer's total
    $1,750,962

  • DHARMESH PATEL MD

    PHYSICIAN

    Total calculated
    $1,716,457
    From this org
    $1,620,260
    From related orgs
    $0
    Other
    $96,197
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,591,285
    Bonus
    $0
    Other
    $28,975
    Deferred
    $30,000
    Nontaxable benefits
    $66,197
    Filer's total
    $1,716,457

  • JUSTIN MAY MD

    PHYSICIAN

    Total calculated
    $1,621,131
    From this org
    $1,557,128
    From related orgs
    $0
    Other
    $64,003
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,487,022
    Bonus
    $0
    Other
    $70,106
    Deferred
    $22,500
    Nontaxable benefits
    $41,503
    Filer's total
    $1,621,131

  • AMIT MALHOTRA MD

    PHYSICIAN

    Total calculated
    $1,515,624
    From this org
    $1,451,999
    From related orgs
    $0
    Other
    $63,625
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,425,458
    Bonus
    $0
    Other
    $26,541
    Deferred
    $30,000
    Nontaxable benefits
    $33,625
    Filer's total
    $1,515,624

  • MARK STRONG MD

    PHYSICIAN

    Total calculated
    $1,515,038
    From this org
    $1,439,254
    From related orgs
    $0
    Other
    $75,784
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,424,105
    Bonus
    $0
    Other
    $15,149
    Deferred
    $30,000
    Nontaxable benefits
    $45,784
    Filer's total
    $1,515,038

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

  • 1a · Discretionary spending account
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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 1A
ALL PHYSICIANS RECEIVED A PERQUISITE ALLOWANCE, SOME OF WHICH IS INCLUDED IN THEIR SALARIES.
PART I, LINE 1B
ALL PHYSICIANS RECEIVED A PERQUISITE ALLOWANCE. SOME OF THIS ALLOWANCE IS INCLUDED IN THEIR SALARIES AND IS TAXABLE TO THEM AS ADDITIONAL INCOME. THE ORGANIZATION ALSO HAS AN ACCOUNTABLE PLAN, BUT A DISCRETIONARY SPENDING ACCOUNT IS NOT PART OF AN ACCOUNTABLE PLAN. IF ANY OF THE OTHER ITEMS LISTED ON SCHEDULE J, PART I, LINE 1A WERE APPLICABLE, THE RECIPIENTS WOULD BE REQUIRED TO FOLLOW THE ORGANIZATION'S WRITTEN POLICY REGARDING PAYMENT OR REIMBURSEMENT.
PART I, LINE 3
BAPTIST MEMORIAL MEDICAL GROUP, INC., A RELATED ORGANIZATION OF THE STERN CARDIOVASCULAR FOUNDATION, INC., USES THE FOLLOWING TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
PART I, LINE 4B
ELIGIBLE EXECUTIVES PARTICIPATE IN VARIOUS NON-QUALIFIED DEFERRED COMPENSATION PLANS ORGANIZED UNDER CODE SECTION 457(F). THE EXACT PURPOSE OF EACH PLAN VARIES BUT THEY INCLUDE: COMPENSATION LIMITATION MAKE-UP PLANS, VOLUNTARY DEFERRAL PLANS, DEFERRAL OF A PORTION OF INCENTIVE BONUS TYPE PLANS, ETC. ANY AMOUNT ULTIMATELY PAID UNDER THE PROGRAM TO THE EXECUTIVE IS REPORTED AS COMPENSATION ON FORM 990, SCHEDULE J, PART II, COLUMN B IN THE YEAR PAID. THE FOLLOWING INDIVIDUAL(S) LISTED ON PART VII RECEIVED SUPPLEMENTAL NON-QUALIFIED PLAN PAYMENTS DURING THE CALENDAR YEAR: GREGORY M. DUCKETT - $379,118 GARY C. ANDERSON - $79,907 JUSTIN RHODES - $55,341

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

No itemized grants to organizations 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
13 August 2025
IRS schema version
2023v6.0
Source object
202512269349300901

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