Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 3 · Investment income

  total $668,811 · excluded $668,811

• 7a · Gross sales of assets other than inventory

  securities $25,224,625

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

  securities $20,530,341

• 7c · Gain or loss

  securities $4,694,284

• 7d · Net gain or loss

  total $4,694,284 · excluded $4,694,284

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $118,631

• 11f · Fees: investment management

  total $2,323

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,422,226 · end of year $945,851

• 11 · Investments: publicly traded securities

  beginning of year $22,624,538 · end of year $25,874,153

• 29 · Capital stock, trust principal or current funds

  beginning of year $0 · end of year $0

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $0 · end of year $0

• 31 · Retained earnings, endowment or other funds

  beginning of year $24,046,764 · end of year $26,820,004

The filer's explanations (Part III)

Part I, Line 3

All individuals listed in Schedule J, Part II, are compensated by a related organization, CHMC Anesthesia Foundation, Inc., which relied on a compensation committee, Forms 990 of other organizations, compensation surveys/studies, and approval by the board or compensation committee to establish compensation of the CEO/Executive Director in fiscal year ending June 30, 2023.

Part I, Line 4b

CHMC Anesthesia Foundation, Inc. (the Foundation), a related organization established the CHMC Anesthesia Foundation, Inc. 2016 After-Tax Retirement Plan (the Plan) to reward long-term licensed physician employees by providing a fixed annual contribution by the Foundation, and allowing the Foundation to make additional discretionary contributions. All contributions to the Plan are made by the Foundation. Employee contributions are not permitted. The Foundation's annual contribution for each participant employed at the end of the plan year (June 30) is 6% of base salary. In addition to the regular annual contribution, the Foundation makes a one-time contribution on behalf of participants first employed by the Foundation after December 21, 2008 after completing seven years of service. The amount of the contribution is $20,000 for each of the seven years in which the participant was a full-time employee (at least 32 hours per week), and $20,000 prorated, based on the participant's full-time equivalent percentage (FTE), for each year in which the participant worked part-time. Any pre-2016 account contributions are fully vested for each participant. 50% of post-2016 earnings account amounts vest after ten years of service, 75% vest after fifteen years of service, and amounts are fully vested after twenty years of service. The following amounts have been included in Schedule J, Part II, Column B(iii) related to the After-Tax Plan: Dr. Hickey $17,310; Dr. Burns $43,992; Dr. Cravero $45,000; Dr. Dinardo $34,104; and Dr. Ferrari $32,731. During 2022, Dr. Paul Hickey had a distribution from his After-Tax Plan account in the amount of $567,301. This amount has been reported in Schedule J, Part II, Column B(iii). Furthermore, as this amount was reported on previous Form 990s as part of deferred compensation, it is being disclosed in Schedule J, Part II, Column F.