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Nonprofiteer
← OVERLAKE HOSPITAL FOUNDATION

Form 990 for tax year 2023

Filed by OVERLAKE HOSPITAL FOUNDATION.

Totals

Total revenue
$13,263,561
Total expenses
$13,212,653
Contributions and grants received
$11,928,907
Grants paid
$11,083,493
Program service revenue
$0
Investment income
$1,626,873
Other revenue
-$292,219
Total assets, end of year
$22,698,949
Total liabilities, end of year
$339,285
Net assets or fund balances, end of year
$22,359,664
Program services expenses (Part IX)
$11,083,493
Management and general expenses
$722,222
Fundraising expenses
$1,406,938
Program service expenses (Part III)
$11,083,493

Program services were 83.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • JULIE SUN

    CHAIR

    Total calculated
    $0
    Hours/week
    3 + 2 related

  • BENJAMIN LIU

    TREASURER, CHAIR ELECT

    Total calculated
    $0
    Hours/week
    2

  • WHITNEY NAKAJIMA

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • PAULINE BACH

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • MERRILL BEHNKE

    TRUSTEE THRU 12/23

    Total calculated
    $0
    Hours/week
    1

  • RACHELE BOUCHAND

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JEFFREY EULBERG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JAMES GREGSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • LEIGHA GRIMALDI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SHERYL GUDAITIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • YORK HARRIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ROHAN KUMAR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL RIDGEWAY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • YUKA SHIMIZU

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CLAIRE SUMADIRWIRYA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • TYLER TONKIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • J MICHAEL MARSH

    PRESIDENT & CEO

    Total calculated
    $1,305,849
    From this org
    $0
    From related orgs
    $1,155,989
    Other
    $149,860
    Hours/week
    4 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $979,055 related
    Bonus
    $0 + $65,067 related
    Other
    $0 + $111,867 related
    Deferred
    $0 + $130,474 related
    Nontaxable benefits
    $0 + $19,386 related
    Filer's total
    $0 + $1,305,849 related

  • ANDREW TOKAR

    CFO THRU 04/24

    Total calculated
    $526,527
    From this org
    $0
    From related orgs
    $490,217
    Other
    $36,310
    Hours/week
    2 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $456,772 related
    Bonus
    $0 + $30,400 related
    Other
    $0 + $3,045 related
    Deferred
    $0 + $23,100 related
    Nontaxable benefits
    $0 + $13,210 related
    Filer's total
    $0 + $526,527 related

  • MARY BETH STEARNS

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $437,311
    From this org
    $362,934
    From related orgs
    $0
    Other
    $74,377
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $300,892
    Bonus
    $20,467
    Other
    $41,575
    Deferred
    $56,819
    Nontaxable benefits
    $17,558
    Filer's total
    $437,311

  • PAUL ISHIZUKA

    INTERIM CFO FROM 03/24

    Total calculated
    $0
    Hours/week
    0.5 + 49.5 related

  • STEPHANIE STEWART

    DEVELOPMENT DIRECTOR

    Total calculated
    $211,564
    From this org
    $184,058
    From related orgs
    $0
    Other
    $27,506
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,907
    Bonus
    $0
    Other
    $1,151
    Deferred
    $13,214
    Nontaxable benefits
    $14,292
    Filer's total
    $211,564

  • MEREDITH GROSECLOSE

    MAJOR GIFTS OFFICER

    Total calculated
    $128,798
    From this org
    $106,022
    From related orgs
    $0
    Other
    $22,776
    Hours/week
    40

  • LAURIE RAMACCI-NOEGEL

    INDIVIDUAL GIVING OFFICER

    Total calculated
    $119,087
    From this org
    $105,293
    From related orgs
    $0
    Other
    $13,794
    Hours/week
    40

  • JODI FORSCHMIEDT

    GRANT WRITING OFFICER

    Total calculated
    $121,114
    From this org
    $104,248
    From related orgs
    $0
    Other
    $16,866
    Hours/week
    40

  • JENNIFER FISCHER

    SPECIAL EVENTS OFFICER

    Total calculated
    $125,586
    From this org
    $102,622
    From related orgs
    $0
    Other
    $22,964
    Hours/week
    40

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 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 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
J. MICHAEL MARSH AND MARY BETH STEARNS PARTICIPATED IN A BENEFIT WITHIN THE EXECUTIVE BENEFIT PLAN CALLED THE CAPITAL ACCUMULATION ACCOUNT. THE CAPITAL ACCUMULATION ACCOUNT IS CLASSIFIED AS A 457(F) PLAN BY THE IRS. THE FOLLOWING AMOUNTS REFLECT 2023 DEFERRALS: J. MICHAEL MARSH ($107,374), MARY BETH STEARNS ($33,719). IN 2023, THE FOLLOWING VESTED BENEFITS WERE PAID: J. MICHAEL MARSH ($102,261), MARY BETH STEARNS ($28,505). ANDREW TOKAR PARTIPATED IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN BENEFIT. THIS IS A NONQUALIFIED PLAN SPONSORED BY OVERLAKE MEDICAL CENTER & CLINICS. NO AMOUNTS WERE DEFERRED OR PAID IN 2023.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
22 April 2025
IRS schema version
2023v6.0
Source object
202521269349301867

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