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Nonprofiteer
← GETTYSBURG HOSPITAL

Form 990 for tax year 2024

Filed by GETTYSBURG HOSPITAL.

Totals

Total revenue
$355,388,746
Total expenses
$290,590,313
Contributions and grants received
$1,592,427
Grants paid
$249,026
Program service revenue
$335,578,871
Investment income
$17,243,424
Other revenue
$974,024
Total assets, end of year
$614,437,198
Total liabilities, end of year
$50,711,935
Net assets or fund balances, end of year
$563,725,263
Program services expenses (Part IX)
$186,966,913
Management and general expenses
$103,623,400
Fundraising expenses
$0
Program service expenses (Part III)
$186,966,913

Program services were 64.3% 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.

  • 1d · Related organizations

    $450,128

  • 1e · Government grants (contributions)

    $709,179

  • 1f · All other contributions, gifts and grants

    $433,120

  • 2a · Program service revenue: PATIENT SERVICES

    total $335,578,871 · related or exempt $334,816,527 · unrelated business $762,344

  • 3 · Investment income

    total $5,047,522 · excluded $5,047,522

  • 6a · Gross rents

    real property $405,325

  • 6b · Less rental expenses

    real property $248,337

  • 6c · Rental income or loss

    real property $156,988

  • 6d · Net rental income or loss

    total $156,988 · excluded $156,988

  • 7a · Gross sales of assets other than inventory

    securities $99,876,399 · other assets $15,883

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

    securities $87,696,380 · other assets $0

  • 7c · Gain or loss

    securities $12,180,019 · other assets $15,883

  • 7d · Net gain or loss

    total $12,195,902 · excluded $12,195,902

  • 11a · Other revenue: CRISIS INTERVENTION

    total $735,036 · excluded $735,036

  • 11b · Other revenue: PHYSICIAN STIPENDS

    total $35,000 · excluded $35,000

  • 11c · Other revenue: INTERCOMPANY/SPECIALTY LABS

    total $21,464 · excluded $21,464

  • 11d · All other revenue

    total $25,536 · excluded $25,536

  • 11e · Other revenue, total

    $817,036

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $163,648 · program services $163,648

  • 2 · Grants to domestic individuals

    total $85,378 · program services $85,378

  • 5 · Compensation of officers, directors and key employees

    total $801,014 · management and general $801,014

  • 7 · Other salaries and wages

    total $56,909,397 · program services $56,771,574 · management and general $137,823

  • 8 · Pension plan contributions

    total $2,985,243 · program services $2,865,705 · management and general $119,538

  • 9 · Other employee benefits

    total $12,023,081 · program services $9,548,811 · management and general $2,474,270

  • 10 · Payroll taxes

    total $4,230,651 · program services $3,919,975 · management and general $310,676

  • 11a · Fees: management

    total $90,225,418 · management and general $90,225,418

  • 11c · Fees: accounting

    total $57,650 · management and general $57,650

  • 11d · Fees: lobbying

    total $15,524 · management and general $15,524

  • 11f · Fees: investment management

    total $630,464 · management and general $630,464

  • 11g · Fees: other

    total $55,862,400 · program services $55,417,905 · management and general $444,495

  • 12 · Advertising and promotion

    total $15,088 · program services $15,088

  • 13 · Office expenses

    total $1,193,795 · program services $1,149,014 · management and general $44,781

  • 14 · Information technology

    total $265,055 · program services $265,055

  • 16 · Occupancy

    total $6,825,945 · program services $5,605,439 · management and general $1,220,506

  • 17 · Travel

    total $72,527 · program services $68,311 · management and general $4,216

  • 19 · Conferences, conventions and meetings

    total $10,362 · program services $6,978 · management and general $3,384

  • 20 · Interest

    total $1,002,034 · program services $1,002,034

  • 22 · Depreciation, depletion and amortization

    total $7,013,083 · program services $17 · management and general $7,013,066

  • 23 · Insurance

    total $2,479,234 · program services $2,479,234

  • 24a · Other expenses: FEDERAL INCOME TAXES

    total $51,510 · program services $51,510

  • 24b · Other expenses: MEDICAL SUPPLIES

    total $26,634,913 · program services $26,634,913

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $14,361,670 · program services $14,361,670

  • 24d · Other expenses: TAXES & LICENSES

    total $6,348,826 · program services $6,348,826

  • 24e · All other expenses

    total $326,403 · program services $205,828 · management and general $120,575

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $753,876 · end of year $1,186,187

  • 2 · Savings and temporary cash investments

    beginning of year $954,561 · end of year $1,032,167

  • 3 · Pledges and grants receivable

    beginning of year $82,116 · end of year $2,250

  • 4 · Accounts receivable

    beginning of year $36,956,522 · end of year $36,179,130

  • 8 · Inventories for sale or use

    beginning of year $1,643,089 · end of year $1,511,708

  • 9 · Prepaid expenses and deferred charges

    beginning of year $250,099 · end of year $10,960

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

    $168,868,453

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

    $92,612,374

  • 10c · Land, buildings and equipment, net

    beginning of year $57,281,730 · end of year $76,256,079

  • 11 · Investments: publicly traded securities

    beginning of year $261,997,728 · end of year $275,319,766

  • 12 · Investments: other securities

    beginning of year $36,440,869 · end of year $59,731,410

  • 13 · Investments: program-related

    beginning of year $25,036,933 · end of year $27,012,388

  • 14 · Intangible assets

    beginning of year $3,214,498 · end of year $3,214,498

  • 15 · Other assets

    beginning of year $130,391,050 · end of year $132,980,655

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,318,223 · end of year $10,793,573

  • 19 · Deferred revenue

    beginning of year -$484,681 · end of year -$317,393

  • 20 · Tax-exempt bond liabilities

    beginning of year $33,582,207 · end of year $32,716,547

  • 23 · Secured mortgages and notes payable

    beginning of year $279,196 · end of year $165,432

  • 25 · Other liabilities

    beginning of year $7,557,694 · end of year $7,353,776

  • 27 · Net assets without donor restrictions

    beginning of year $478,461,908 · end of year $535,369,065

  • 28 · Net assets with donor restrictions

    beginning of year $26,288,524 · end of year $28,356,198

Mission and programs · 2024

Mission

GETTYSBURG HOSPITAL IS A TAX-EXEMPT ORGANIZATION DEDICATED TO PROVIDING HIGH QUALITY HEALTH CARE SERVICES FOR THE PEOPLE WHO LIVE, WORK, TRAVEL THROUGH, AND VACATION IN ADAMS COUNTY, PENNSYLVANIA AND NORTHERN MARYLAND.

Activities or mission (Part I)

PROVIDE QUALITY HEALTH CARE SERVICES FOR THE PEOPLE OF ADAMS COUNTY, PA AND NORTHERN MD.

  • LOCATED IN HISTORIC GETTYSBURG, PA., WELLSPAN GETTYSBURG HOSPITAL HAS BEEN SERVING THE COMMUNITIES OF ADAMS COUNTY AND NORTHERN MARYLAND FOR 100 YEARS.WELLSPAN GETTYSBURG HOSPITAL BEGAN PROVIDING PATIENT CARE IN 1921 AS THE ANNIE WARNER HOSPITAL. TODAY, IT IS A NATIONALLY RECOGNIZED ACUTE CARE COMMUNITY HOSPITAL PROVIDING PATIENT-CENTERED SERVICES AND PROGRAMS THAT FEATURE HIGHLY SKILLED CLINICAL STAFF, LIFE-SAVING TECHNOLOGY AND MODERN FACILITIES TO ADDRESS COMPLEX MEDICAL, SURGICAL AND EMERGENCY CONDITIONS.BEYOND THE ACUTE CARE HOSPITAL, IT HAS GROWN TO BE A COMPREHENSIVE HEALTH-CARE PROVIDER WITH FAMILY HEALTH CENTERS ACROSS THE REGION, A VERY SPECIAL MATERNITY CENTER, HEART CENTER, HOME HEALTH SERVICES, PREVENTIVE HEALTH EDUCATION AND SCREENING PROGRAMS, AND 24-HOUR EMERGENCY SERVICES. GETTYSBURG HOSPITAL IS THIS AREA'S RESOURCE FOR MEETING HEALTH AND WELLNESS NEEDS. GETTYSBURG HOSPITAL HAD 5,550 ADMISSIONS, 21,433 PATIENT DAYS, 5,998 SURGICAL CASES, 33,273 EMERGENCY DEPARTMENT VISITS AND 410 BIRTHS DURING FISCAL YEAR 2025.DURING THE FISCAL YEAR GETTYSBURG HOSPITAL HAD THE FOLLOWING ACHIEVEMENTS:- HONORED WITH THE PARTNER FOR CHANGE AWARD AS A PART OF THE 2025 PRACTICE GREENHEALTH ENVIRONMENTAL EXCELLENCE AWARDS. THIS RECOGNITION HIGHLIGHTS WELLSPAN HEALTH'S LONG-TERM COMMITMENT TO CREATING A GREENER ENVIRONMENT FOR OUR PATIENTS AND COMMUNITIES.SEE WELLSPAN HEALTH - 2025 COMMUNITY BENEFIT REPORT LOCATED AT HTTPS://WWW.WELLSPAN.ORG/ABOUT-WELLSPAN/IMPROVING-HEALTHY-COMMUNITIES/COMMUNITY-BENEFIT.

    Expenses $186,966,913 · Grants $249,026 · Revenue $334,816,527

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • LAURA BUCZKOWSKI

    EXECUTIVE VP & CFO - WELLSPAN HEALTH

    Total calculated
    $1,408,553
    From this org
    $0
    From related orgs
    $1,355,384
    Other
    $53,169
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $949,313 related
    Bonus
    $0 + $402,918 related
    Other
    $0 + $3,153 related
    Deferred
    $0 + $16,601 related
    Nontaxable benefits
    $0 + $36,568 related
    Filer's total
    $0 + $1,408,553 related

  • EDWARD MACKLE MD

    DIRECTOR

    Total calculated
    $786,605
    From this org
    $0
    From related orgs
    $710,755
    Other
    $75,850
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $690,544 related
    Bonus
    $0 + $7,367 related
    Other
    $0 + $12,844 related
    Deferred
    $0 + $40,868 related
    Nontaxable benefits
    $0 + $34,982 related
    Filer's total
    $0 + $786,605 related

  • MICHAEL COGLIANO

    VP & PRESIDENT - GETTYSBURG HOSPITAL

    Total calculated
    $458,629
    From this org
    $401,371
    From related orgs
    $0
    Other
    $57,258
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $327,712
    Bonus
    $71,605
    Other
    $2,054
    Deferred
    $24,188
    Nontaxable benefits
    $33,070
    Filer's total
    $458,629

  • DAVID DOUD DO

    DIRECTOR

    Total calculated
    $488,510
    From this org
    $0
    From related orgs
    $434,783
    Other
    $53,727
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $412,090 related
    Bonus
    $0 + $4,154 related
    Other
    $0 + $18,539 related
    Deferred
    $0 + $20,210 related
    Nontaxable benefits
    $0 + $33,517 related
    Filer's total
    $0 + $488,510 related

  • ROXANNA GAPSTUR PHD RN

    PRESIDENT & CEO - WELLSPAN HEALTH

    Total calculated
    $3,176,598
    From this org
    $0
    From related orgs
    $3,124,465
    Other
    $52,133
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,739,595 related
    Bonus
    $0 + $1,112,453 related
    Other
    $0 + $272,417 related
    Deferred
    $0 + $11,203 related
    Nontaxable benefits
    $0 + $40,930 related
    Filer's total
    $0 + $3,176,598 related

  • JULIE RAMSEY

    DIRECTOR (UNTIL DEC. '24)

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • DENIS ONIEAL

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • CHERYL PLUMMER

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • STEPHEN HOLOVIAK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • MONICA META CAMPOS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • HORACE MARTIN MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • MICHAEL SEIM

    SR VP & CHIEF QUALITY OFFICER

    Total calculated
    $1,042,098
    From this org
    $0
    From related orgs
    $987,854
    Other
    $54,244
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $711,414 related
    Bonus
    $0 + $254,210 related
    Other
    $0 + $22,230 related
    Deferred
    $0 + $18,200 related
    Nontaxable benefits
    $0 + $36,044 related
    Filer's total
    $0 + $1,042,098 related

  • JULIANNE CRAIG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • DAVID LOVETT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • PATRICIA GREEN-RODGERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • AMY NELSON

    SECRETARY/SR VP & GENERAL COUNSEL

    Total calculated
    $947,745
    From this org
    $0
    From related orgs
    $873,620
    Other
    $74,125
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $641,147 related
    Bonus
    $0 + $229,320 related
    Other
    $0 + $3,153 related
    Deferred
    $0 + $40,330 related
    Nontaxable benefits
    $0 + $33,795 related
    Filer's total
    $0 + $947,745 related

  • WILLIAM HAPPEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • ED SCHUURMAN PA

    DIRECTOR

    Total calculated
    $308,623
    From this org
    $0
    From related orgs
    $261,888
    Other
    $46,735
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $194,821 related
    Bonus
    $0 + $923 related
    Other
    $0 + $66,144 related
    Deferred
    $0 + $15,194 related
    Nontaxable benefits
    $0 + $31,541 related
    Filer's total
    $0 + $308,623 related

  • NIKI HINCKLE

    SR VP - WEST REGION

    Total calculated
    $789,675
    From this org
    $0
    From related orgs
    $738,708
    Other
    $50,967
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $552,214 related
    Bonus
    $0 + $185,395 related
    Other
    $0 + $1,099 related
    Deferred
    $0 + $19,523 related
    Nontaxable benefits
    $0 + $31,444 related
    Filer's total
    $0 + $789,675 related

  • ANGELA JOHNSTON

    VP - PATIENT CARE SERVICES

    Total calculated
    $348,839
    From this org
    $290,774
    From related orgs
    $0
    Other
    $58,065
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $236,059
    Bonus
    $51,562
    Other
    $3,153
    Deferred
    $25,924
    Nontaxable benefits
    $32,141
    Filer's total
    $348,839

  • MELISSA HESS

    SR. DIR. OPERATIONS (UNTIL AUG. '24)

    Total calculated
    $209,895
    From this org
    $177,506
    From related orgs
    $0
    Other
    $32,389
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $123,059
    Bonus
    $13,702
    Other
    $40,745
    Deferred
    $10,420
    Nontaxable benefits
    $21,969
    Filer's total
    $209,895

  • PHILLIP ROGERS

    NURSE MANAGER

    Total calculated
    $259,577
    From this org
    $215,331
    From related orgs
    $0
    Other
    $44,246
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $184,730
    Bonus
    $24,318
    Other
    $6,283
    Deferred
    $12,770
    Nontaxable benefits
    $31,476
    Filer's total
    $259,577

  • MICHELLE WILLIAMS

    REGIONAL DIR. - PHARMACEUTICAL CARE

    Total calculated
    $280,172
    From this org
    $247,673
    From related orgs
    $0
    Other
    $32,499
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $230,109
    Bonus
    $16,415
    Other
    $1,149
    Deferred
    $17,249
    Nontaxable benefits
    $15,250
    Filer's total
    $280,172

  • MARK HEISEY

    MANAGER - PHARMACY OPERATIONS

    Total calculated
    $247,212
    From this org
    $204,504
    From related orgs
    $0
    Other
    $42,708
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $191,753
    Bonus
    $12,384
    Other
    $367
    Deferred
    $12,243
    Nontaxable benefits
    $30,465
    Filer's total
    $247,212

  • MONIQUE HOLZER

    SENIOR DIRECTOR - CLINICAL SERVICES

    Total calculated
    $235,001
    From this org
    $207,792
    From related orgs
    $0
    Other
    $27,209
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $189,257
    Bonus
    $13,703
    Other
    $4,832
    Deferred
    $12,181
    Nontaxable benefits
    $15,028
    Filer's total
    $235,001

  • NANCY LANGLEY

    NURSE MANAGER

    Total calculated
    $232,274
    From this org
    $191,237
    From related orgs
    $0
    Other
    $41,037
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $125,824
    Bonus
    $10,196
    Other
    $55,217
    Deferred
    $11,246
    Nontaxable benefits
    $29,791
    Filer's total
    $232,274

  • SHERRI STAHL

    FORMER SR VP - WEST REGION

    Total calculated
    $240,416
    From this org
    $0
    From related orgs
    $225,726
    Other
    $14,690
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $131,418 related
    Bonus
    $0
    Other
    $0 + $94,308 related
    Deferred
    $0 + $929 related
    Nontaxable benefits
    $0 + $13,761 related
    Filer's total
    $0 + $240,416 related

  • FARAAZ YOUSUF

    FORMER EXECUTIVE VP & COO

    Total calculated
    $1,093,939
    From this org
    $0
    From related orgs
    $1,056,585
    Other
    $37,354
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $120,553 related
    Bonus
    $0
    Other
    $0 + $936,032 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $37,354 related
    Filer's total
    $0 + $1,093,939 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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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 4A:
DURING CALENDAR YEAR 2024, THE FOLLOWING INDIVIDUALS RECEIVED A SEVERANCE PAYMENT: SHERRI STAHL, FORMER SR VICE PRESIDENT - $15,511 FARAAZ YOUSUF, FORMER EXECUTIVE VP & COO - $928,846
PART I, LINE 4B:
THE WELLSPAN HEALTH SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) WAS ADOPTED AND MADE EFFECTIVE ON DECEMBER 19TH, 2008. THE OBJECTIVE OF THE EXECUTIVE BENEFITS PROGRAM IS TO PROVIDE AN EXECUTIVE BENEFITS PROGRAM THAT IS COMPETITIVE WITH NATIONAL NORMS IN THE HEALTHCARE INDUSTRY FOR SIMILARLY SIZED ORGANIZATIONS ENABLING WELLSPAN HEALTH TO RECRUIT AND RETAIN TOP EXECUTIVE TALENT. TIER I EXECUTIVES ARE ELIGIBLE TO PARTICIPATE IN THE PLAN. A DESCRIPTION OF THE TARGETED BENEFIT OF THE PLAN IS AS FOLLOWS: 1) PROVIDE AN EMPLOYER SPONSORED RETIREMENT BENEFIT THAT REPLACES 60% OF AVERAGE PRE-RETIREMENT (5 YEARS) BASE COMPENSATION THROUGH A COMBINED APPROACH UTILIZING WELLSPAN'S RETIREMENT PLAN, 50% OF SOCIAL SECURITY, SPLIT-DOLLAR LIFE INSURANCE BENEFIT, AND SUPPLEMENTAL EXECUTIVE RETIREMENT BENEFIT. 2) PROVIDES A MINIMUM BENEFIT AFTER 10 YEARS OF SERVICE. 3) PROVIDES THE FULL TARGETED BENEFIT AFTER 25 YEARS OF SERVICE. 4) BENEFIT IS VESTED WHEN ELIGIBLE EXECUTIVE REACHES AGE 65. THE BENEFIT IS ALSO VESTED UPON DEATH, DISABILITY, JOB ELIMINATION AND "TERMINATION FOR GOOD REASON". 5) CREDITED SERVICE GRANTED ON A 1:2 BASIS FOR PREVIOUS SERVICE IN AN ELIGIBLE TIER II POSITION. 6) TARGETED BENEFIT IS TO BE CALCULATED USING A 15 YEAR CERTAIN PAYOUT. 7) PAYOUT WILL BE IN A LUMP SUM. 8) PAYOUT WILL BE TAXABLE WHEN VESTED. DURING THE CALENDAR YEAR 2024, THERE WERE NO DISTRIBUTIONS FROM THE SERP. THE WELLSPAN HEALTH DEFINED CONTRIBUTION DEFERRED COMPENSATION PLAN WAS ADOPTED AND MADE EFFECTIVE AS OF JULY 1, 2017. THIS PLAN WILL REPLACE THE SERP. AS PART OF THE TRANSITION, EACH PARTICIPANT IN THE SERP WAS GIVEN A ONE-TIME CHOICE TO BE GRANDFATHERED IN THE SERP OR TRANSFER TO THE NEW WELLSPAN HEALTH DEFINED CONTRIBUTION DEFERRED COMPENSATION PLAN. THE OBJECTIVE OF THE WELLSPAN HEALTH DEFINED CONTRIBUTION DEFERRED COMPENSATION PLAN IS TO ATTRACT AND RETAIN EXECUTIVE AND UPPER-LEVEL MANAGEMENT EMPLOYEES OF OUTSTANDING ABILITY. TIERS I, II, III AND A SELECT GROUP OF TIER IV EMPLOYEES ARE ELIGIBLE TO PARTICIPATE IN THE PLAN. A DESCRIPTION OF THE TARGETED BENEFIT OF THE PLAN IS AS FOLLOWS: 1)PROVIDE AN UNFUNDED DEFERRED COMPENSATION BENEFIT TO A SELECT GROUP OF MANAGEMENT AND HIGHLY COMPENSATED EMPLOYEES. 2)PLAN ACCOUNT CONTRIBUTIONS ARE CREDITED EACH YEAR TO A SUBACCOUNT, BASED UPON VARIOUS TIER LEVELS; TIER I, 22%, TIER II, 17%, TIER III, 12%, AND TIER IV, 8%. 3)PARTICIPANT ACCOUNTS ARE CREDITED INTEREST EACH YEAR BY APPLICATION OF THE 30-YEAR U.S. TREASURY RATE ON JUNE 30 OF THE PLAN YEAR THEN ENDING, PLUS ONE PERCENT (1%). 4)PARTICIPANT VESTING OCCURS ON THE EARLIER OF: A)JUNE 30TH OF THE FOURTH PLAN YEAR: 25% PER YEAR B)PARTICIPANT REACHES AGE 65. C)UPON DEATH, DISABILITY, JOB ELIMINATION AND "TERMINATION FOR GOOD REASON". 5)NON-ELECTIVE EMPLOYER CONTRIBUTIONS ARE ALSO PERMITTED. 6)PLAN DISTRIBUTIONS TO BE ADMINISTERED PER THE PLAN DOCUMENT. DURING THE CALENDAR YEAR 2024, THE FOLLOWING INDIVIDUALS RECEIVED DISTRIBUTIONS FROM THE DEFERRED COMPENSATION PLAN: ROXANNA GAPSTUR - $269,264 MICHAEL SEIM - $20,176 ADDITIONALLY, ANY VESTED PORTION OF CONTRIBUTIONS MADE TO THE PLAN WHICH ARE NO LONGER SUBJECT TO THE RISK OF FORFEITURE, ARE REFLECTED IN SCHEDULE J, PART II, COLUMN B(III).

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
2024
Filed
8 May 2026
IRS schema version
2024v5.5
Source object
202621289349301302

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