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Nonprofiteer
← PRISMA HEALTH-UNIVERSITY MEDICAL GROUP

Form 990 for tax year 2022

Filed by PRISMA HEALTH-UNIVERSITY MEDICAL GROUP.

Totals

Total revenue
$856,919,091
Total expenses
$1,292,682,459
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$854,906,962
Investment income
$2,007,271
Other revenue
$4,858
Total assets, end of year
$160,217,596
Total liabilities, end of year
$98,019,321
Net assets or fund balances, end of year
$62,198,275
Program services expenses (Part IX)
$1,087,502,073
Management and general expenses
$205,180,386
Fundraising expenses
$0
Program service expenses (Part III)
$1,087,502,073

Program services were 84.1% 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.

  • 2a · Program service revenue: NET PATIENT SERVICE

    total $757,153,505 · related or exempt $754,216,437 · unrelated business $2,937,068

  • 2b · Program service revenue: MEDICAL EDUCATION REVENUE

    total $30,377,360 · related or exempt $30,377,360

  • 2c · Program service revenue: SERVICE CONTRACT REVENUE

    total $24,558,306 · related or exempt $24,558,306

  • 2d · Program service revenue: INDUSTRY CLINICAL TRIAL REVENUE

    total $4,026,375 · related or exempt $4,026,375

  • 2e · Program service revenue: PHYSICIAN SERVICES

    total $6,392,258 · related or exempt $6,392,258

  • 2f · All other program service revenue

    total $32,399,158 · related or exempt $32,280,754 · unrelated business $118,404 · excluded $0

  • 6a · Gross rents

    real property $4,858

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $4,858 · personal property $0

  • 6d · Net rental income or loss

    total $4,858 · excluded $4,858

  • 7a · Gross sales of assets other than inventory

    other assets $2,007,271

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

    other assets $0

  • 7c · Gain or loss

    securities $0 · other assets $2,007,271

  • 7d · Net gain or loss

    total $2,007,271 · excluded $2,007,271

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $357,375 · management and general $357,375

  • 6 · Compensation of disqualified persons

    total $66,344 · program services $66,344

  • 7 · Other salaries and wages

    total $901,243,356 · program services $758,396,284 · management and general $142,847,072

  • 9 · Other employee benefits

    total $92,722,465 · program services $78,025,954 · management and general $14,696,511

  • 11b · Fees: legal

    total $164,473 · program services $138,404 · management and general $26,069

  • 11c · Fees: accounting

    total $125 · program services $105 · management and general $20

  • 11g · Fees: other

    total $34,431,651 · program services $28,974,234 · management and general $5,457,417 · fundraising $0

  • 13 · Office expenses

    total $4,532,641 · program services $3,814,218 · management and general $718,423

  • 14 · Information technology

    total $1,904,114 · program services $1,602,312 · management and general $301,802

  • 16 · Occupancy

    total $35,420,830 · program services $29,806,628 · management and general $5,614,202

  • 17 · Travel

    total $946,508 · program services $796,487 · management and general $150,021

  • 19 · Conferences, conventions and meetings

    total $5,904,652 · program services $4,968,765 · management and general $935,887

  • 20 · Interest

    total $71,546 · program services $60,206 · management and general $11,340

  • 22 · Depreciation, depletion and amortization

    total $8,045,528 · program services $6,770,312 · management and general $1,275,216

  • 23 · Insurance

    total $13,971,469 · program services $11,756,991 · management and general $2,214,478

  • 24a · Other expenses: CORPORATE ALLOCATIONS

    total $136,066,668 · program services $114,500,101 · management and general $21,566,567

  • 24b · Other expenses: MEDICAL SUPPLIES

    total $51,338,837 · program services $43,201,631 · management and general $8,137,206

  • 24c · Other expenses: UBIT EXPENSE

    total $146,250 · program services $123,069 · management and general $23,181

  • 24e · All other expenses

    total $5,347,627 · program services $4,500,028 · management and general $847,599 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $827,982 · end of year $33,342

  • 3 · Pledges and grants receivable

    beginning of year $4,852,825 · end of year $10,895,051

  • 4 · Accounts receivable

    beginning of year $75,224,009 · end of year $67,614,500

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $130,000 · end of year $36,866

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,565,725 · end of year $1,655,051

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

    $150,004,362

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

    $75,758,706

  • 10c · Land, buildings and equipment, net

    beginning of year $72,361,003 · end of year $74,245,656

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $891,844 · end of year $5,737,130

  • 17 · Accounts payable and accrued expenses

    beginning of year $104,716,565 · end of year $89,562,366

  • 19 · Deferred revenue

    beginning of year $5,527,373 · end of year $3,421,870

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $4,910,681 · end of year $5,035,085

  • 27 · Net assets without donor restrictions

    beginning of year $40,698,769 · end of year $62,198,275

Mission and programs · 2022

Mission

INSPIRE HEALTH. SERVE WITH COMPASSION. BE THE DIFFERENCE.

  • PRISMA HEALTH-UNIVERSITY MEDICAL GROUP (UMG) IS A MEDICAL GROUP THAT OPERATES MEDICAL OFFICES. THERE ARE HEALTH CARE PROVIDERS SPECIALIZING IN PHYSICAL MEDICINE AND REHABILITATION, SPORTS MEDICINE, OBSTETRICS/GYNECOLOGY, INFECTIOUS DISEASE, INTERNAL MEDICINE, GENERAL SURGERY, DIAGNOSTIC RADIOLOGY, FAMILY PRACTICE, CARDIOVASCULAR DISEASE (CARDIOLOGY), OPHTHALMOLOGY AND MORE, BEING REPORTED AS MEMBERS OF THE MEDICAL GROUP. MEDICAL TAXONOMIES WHICH ARE COVERED BY UMG INCLUDE PEDIATRIC ORTHOPEDIC SURGERY, REGISTERED NURSE, GYNECOLOGY, CLINICAL CHILD & ADOLESCENT, ORTHOPEDIC TRAUMA, CLINICAL CARDIAC ELECTROPHYSIOLOGY, CLINICAL NUCLEAR RADIOLOGY, PSYCHOANALYSIS AND MANY MORE.

    Expenses $1,087,502,073 · Revenue $854,906,962

As filed on the 2022 return.

Listed in Part VII

  • Elizabeth Tibbs

    SVP Chief Operating Officer, Medical Group (Vice Chair)

    Total calculated
    $557,662
    From this org
    $0
    From related orgs
    $473,253
    Other
    $84,409
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $461,370 related
    Bonus
    $0
    Other
    $0 + $11,883 related
    Deferred
    $0 + $54,692 related
    Nontaxable benefits
    $0 + $29,717 related
    Filer's total
    $0 + $557,662 related

  • Jonathan L Gleason MD

    EVP Chief Clinical Officer (Chair)

    Total calculated
    $1,144,480
    From this org
    $0
    From related orgs
    $1,075,554
    Other
    $68,926
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $758,657 related
    Bonus
    $0 + $248,254 related
    Other
    $0 + $68,643 related
    Deferred
    $0 + $41,000 related
    Nontaxable benefits
    $0 + $27,926 related
    Filer's total
    $0 + $1,144,480 related

  • Clarence M Sevillian II

    EVP Chief Operating Officer (Secretary)

    Total calculated
    $835,572
    From this org
    $0
    From related orgs
    $726,478
    Other
    $109,094
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $695,342 related
    Bonus
    $0
    Other
    $0 + $31,136 related
    Deferred
    $0 + $84,161 related
    Nontaxable benefits
    $0 + $24,933 related
    Filer's total
    $0 + $835,572 related

  • Larry D Gosnell

    SVP and Treasurer of Prisma Health (until 12/28/22)

    Total calculated
    $380,539
    From this org
    $0
    From related orgs
    $328,301
    Other
    $52,238
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $310,795 related
    Bonus
    $0
    Other
    $0 + $17,506 related
    Deferred
    $0 + $23,821 related
    Nontaxable benefits
    $0 + $28,417 related
    Filer's total
    $0 + $380,539 related

  • Matthew M Elsey

    EVP-Chief Financial Officer

    Total calculated
    $84,945
    From this org
    $0
    From related orgs
    $84,085
    Other
    $860
    Hours/week
    1 + 45 related

  • Matthew R Fowler

    SVP-Deputy General Counsel (start 12/28/22)

    Total calculated
    $481,051
    From this org
    $0
    From related orgs
    $392,893
    Other
    $88,158
    Hours/week
    1 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $361,549 related
    Bonus
    $0
    Other
    $0 + $31,344 related
    Deferred
    $0 + $59,323 related
    Nontaxable benefits
    $0 + $28,835 related
    Filer's total
    $0 + $481,051 related

  • Susan L Mullinax

    VP Medical Group Operations (start 12/28/22 until 12/31/23)

    Total calculated
    $357,375
    From this org
    $414,534
    From related orgs
    $0
    Other
    -$57,159
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $373,341
    Bonus
    $0
    Other
    $41,193
    Deferred
    -$70,580
    Nontaxable benefits
    $13,421
    Filer's total
    $357,375

  • William S Cobb IV

    CMO-Medical Group Upstate (until 12/28/22)

    Total calculated
    $685,700
    From this org
    $0
    From related orgs
    $695,342
    Other
    -$9,642
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $693,242 related
    Bonus
    $0
    Other
    $0 + $2,100 related
    Deferred
    $0 + -$40,039 related
    Nontaxable benefits
    $0 + $30,397 related
    Filer's total
    $0 + $685,700 related

  • Amy E Linsin

    EVP Chief HR and Diversity Officer

    Total calculated
    $645,898
    From this org
    $0
    From related orgs
    $502,418
    Other
    $143,480
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $488,200 related
    Bonus
    $0
    Other
    $0 + $14,218 related
    Deferred
    $0 + $124,437 related
    Nontaxable benefits
    $0 + $19,043 related
    Filer's total
    $0 + $645,898 related

  • Howard P West

    EVP Chief Legal Officer (until 9/30/23)

    Total calculated
    $1,207,972
    From this org
    $0
    From related orgs
    $1,131,273
    Other
    $76,699
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $650,529 related
    Bonus
    $0 + $322,202 related
    Other
    $0 + $158,542 related
    Deferred
    $0 + $56,200 related
    Nontaxable benefits
    $0 + $20,499 related
    Filer's total
    $0 + $1,207,972 related

  • Jean M Meyer

    SVP-Acute Care Svcs & Chief Nursing Exec (until 9/30/23)

    Total calculated
    $782,338
    From this org
    $0
    From related orgs
    $739,663
    Other
    $42,675
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $684,203 related
    Bonus
    $0
    Other
    $0 + $55,460 related
    Deferred
    $0 + $33,717 related
    Nontaxable benefits
    $0 + $8,958 related
    Filer's total
    $0 + $782,338 related

  • Malcolm W Isley

    EVP Chief Strategy Officer

    Total calculated
    $715,390
    From this org
    $0
    From related orgs
    $690,629
    Other
    $24,761
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $333,242 related
    Bonus
    $0 + $236,000 related
    Other
    $0 + $121,387 related
    Deferred
    $0 + -$3,374 related
    Nontaxable benefits
    $0 + $28,135 related
    Filer's total
    $0 + $715,390 related

  • Mark S O'Halla

    President and CEO of Prisma Health

    Total calculated
    $2,078,005
    From this org
    $0
    From related orgs
    $1,742,463
    Other
    $335,542
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,719,058 related
    Bonus
    $0
    Other
    $0 + $23,405 related
    Deferred
    $0 + $309,769 related
    Nontaxable benefits
    $0 + $25,773 related
    Filer's total
    $0 + $2,078,005 related

  • Richard J Rogers

    SVP Chief Information Officer

    Total calculated
    $821,891
    From this org
    $0
    From related orgs
    $703,199
    Other
    $118,692
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $606,989 related
    Bonus
    $0
    Other
    $0 + $96,210 related
    Deferred
    $0 + $96,796 related
    Nontaxable benefits
    $0 + $21,896 related
    Filer's total
    $0 + $821,891 related

  • William C Gerard MD

    EVP Value Based Care/CMO Prisma Health Plans/CEO inVio Health Networks

    Total calculated
    $798,498
    From this org
    $0
    From related orgs
    $742,315
    Other
    $56,183
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $717,310 related
    Bonus
    $0
    Other
    $0 + $25,005 related
    Deferred
    $0 + $53,891 related
    Nontaxable benefits
    $0 + $2,292 related
    Filer's total
    $0 + $798,498 related

  • Adrian C Terry

    Physician

    Total calculated
    $1,605,447
    From this org
    $1,580,608
    From related orgs
    $0
    Other
    $24,839
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,509,170
    Bonus
    $54,822
    Other
    $16,616
    Deferred
    $8,700
    Nontaxable benefits
    $16,139
    Filer's total
    $1,605,447

  • Barry R Davis

    Physician

    Total calculated
    $1,447,699
    From this org
    $1,443,493
    From related orgs
    $0
    Other
    $4,206
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,344,823
    Bonus
    $87,332
    Other
    $11,338
    Deferred
    -$33,333
    Nontaxable benefits
    $37,539
    Filer's total
    $1,447,699

  • Charles C Kanos

    Physician

    Total calculated
    $1,515,174
    From this org
    $1,501,846
    From related orgs
    $0
    Other
    $13,328
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,400,240
    Bonus
    $94,146
    Other
    $7,460
    Deferred
    -$10,594
    Nontaxable benefits
    $23,922
    Filer's total
    $1,515,174

  • Jake J Davenport

    Physician

    Total calculated
    $1,534,111
    From this org
    $1,449,407
    From related orgs
    $0
    Other
    $84,704
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,396,951
    Bonus
    $40,497
    Other
    $11,959
    Deferred
    $49,700
    Nontaxable benefits
    $35,004
    Filer's total
    $1,534,111

  • James A Epling

    Physician

    Total calculated
    $1,332,072
    From this org
    $1,307,405
    From related orgs
    $0
    Other
    $24,667
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,238,580
    Bonus
    $54,759
    Other
    $14,066
    Deferred
    $8,700
    Nontaxable benefits
    $15,967
    Filer's total
    $1,332,072

  • Carolyn R Swinton

    Frmr SVP Chief Nursing Officer (until 2/4/22)

    Total calculated
    $561,214
    From this org
    $0
    From related orgs
    $496,685
    Other
    $64,529
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $67,012 related
    Bonus
    $0
    Other
    $0 + $429,673 related
    Deferred
    $0 + $60,692 related
    Nontaxable benefits
    $0 + $3,837 related
    Filer's total
    $0 + $561,214 related

  • Gregory J Rusnak

    Frmr EVP Chief Operating Officer (until 10/1/21)

    Total calculated
    $710,920
    From this org
    $0
    From related orgs
    $702,220
    Other
    $8,700
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $702,220 related
    Deferred
    $0 + $8,700 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $710,920 related

  • Keith N Alexander

    Frmr SVP Acute Care Operations (until 1/7/22)

    Total calculated
    $770,504
    From this org
    $0
    From related orgs
    $729,620
    Other
    $40,884
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $33,488 related
    Bonus
    $0
    Other
    $0 + $696,132 related
    Deferred
    $0 + $39,881 related
    Nontaxable benefits
    $0 + $1,003 related
    Filer's total
    $0 + $770,504 related

  • Michael T Burke

    Frmr EVP Chief Financial Officer (until 9/30/22)

    Total calculated
    $1,106,232
    From this org
    $0
    From related orgs
    $1,034,428
    Other
    $71,804
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $623,338 related
    Bonus
    $0
    Other
    $0 + $411,090 related
    Deferred
    $0 + $56,200 related
    Nontaxable benefits
    $0 + $15,604 related
    Filer's total
    $0 + $1,106,232 related

  • Scott M Sasser

    Frmr CEO, Prisma Health Medical Group (until 6/20/22)

    Total calculated
    $425,744
    From this org
    $0
    From related orgs
    $382,838
    Other
    $42,906
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $297,439 related
    Bonus
    $0
    Other
    $0 + $85,399 related
    Deferred
    $0 + $25,239 related
    Nontaxable benefits
    $0 + $17,667 related
    Filer's total
    $0 + $425,744 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

  • 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)

Schedule J, Part I, Line 1a HOUSING ALLOWANCE FOR PERSONAL USE
PRISMA HEALTH PROVIDES TEMPORARY HOUSING ALLOWANCES TO EXECUTIVES FOR THE PURPOSES OF RELOCATION ASSISTANCE. THE VALUE IS CALCULATED UNDER APPLICABLE TAX LAWS AND IS INCLUDED IN THE INCOME REPORTED ON FORM 990.
Schedule J, Part I, Line 3 ARRANGEMENT USED TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION
PRISMA HEALTH-UNIVERSITY MEDICAL GROUP IS AN INTEGRAL PART OF PRISMA HEALTH, A SOUTH CAROLINA HEALTHCARE SYSTEM AND RELIES UPON PRISMA HEALTH TO ESTABLISH THE COMPENSATION PHILOSOPHY OF THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER. THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER IS PAID BY A RELATED TAX-EXEMPT ORGANIZATION, PRISMA HEALTH, AND IS DISCLOSED AS A PERSON PAID BY A RELATED ORGANIZATION. SEE SCHEDULE O, PART VI, LINE 15A FOR THE PROCESS USED BY PRISMA HEALTH.
Schedule J, Part I, Line 4a SEVERANCE OR CHANGE-OF-CONTROL PAYMENT
THE FOLLOWING EMPLOYEE RECEIVED A SEVERANCE PAYMENT UPON TERMINATION OF THEIR EMPLOYMENT CONTRACT: GREGORY RUSNAK - $657,218 CAROLYN SWINTON - $383,858 KEITH ALEXANDER - $551,250 MICHAEL BURKE - $167,033
Schedule J, Part I, Line 4b SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN
THE 457(F) PLAN IS PROVIDED TO A SELECT GROUP OF MANAGEMENT OR HIGHLY COMPENSATED EMPLOYEES (WITHIN THE MEANING OF SECTIONS 201(2), 301(A)(3) AND 401(A)(1) OF ERISA) OF PRISMA HEALTH AND SUBSIDIARIES WHO CONTRIBUTE SIGNIFICANTLY TO THE FUTURE BUSINESS SUCCESS OF THE COMPANY WITH SUPPLEMENTAL RETIREMENT INCOME THROUGH COMPANY CONTRIBUTIONS. EMPLOYEES ELIGIBLE FOR THE PROGRAM ARE APPROVED BY THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD. THOSE ELIGIBLE RECEIVE A 13-23 PERCENT CONTRIBUTION ON AN ANNUAL BASIS BASED ON PRIOR FISCAL YEAR BASE COMPENSATION. THE FOLLOWING EMPLOYEES RECEIVED DISTRIBUTIONS FROM THEIR 457(F) PLANS: KEITH ALEXANDER: $100,979 MICHAEL BURKE: $222,388 MATTHEW FOWLER: $6,300 SCOTT SASSER: $76,376 LARRY GOSNELL: $4,740 MALCOLM ISLEY: $31,424 AMY LINSIN: $69 RICH ROGERS: $20,575 BENEFITS ACCRUING UNDER THE PRISMA HEALTH PENSION PLAN ARE FROZEN. THE ACCRUAL AMOUNTS REPORTED IN SCH. J, PART II, COLUMN C, REFLECT THE CHANGE IN ACTUARIAL VALUE DURING THE YEAR AND HAVE RESULTED IN NEGATIVE AMOUNTS FOR RETIREMENT AND OTHER DEFERRED COMPENSATION IN SOME INSTANCES. SPLIT DOLLAR LIFE INSURANCE PARTICIPANTS ARE MICHAEL BURKE, MALCOLM ISLEY, AMY LINSIN, MARK O'HALLA, GREGORY RUSNAK, CLARENCE SEVILLIAN, MATTHEW ELSEY AND WILLIAM GERARD. THE ORGANIZATION DEPOSITED FUNDS INTO LIFE INSURANCE POLICIES ON THE PARTICIPANT'S LIFE. DURING LIFE, AND SUBJECT TO THE POLICIES GENERATING SUFFICIENT VALUES, THE PARTICIPANT CAN BORROW FROM ONE OF THE POLICIES. THE BORROWING IS MONITORED AND LIMITED SO THE POLICIES DO NOT LAPSE. AT THE PARTICIPANT'S DEATH, THE ORGANIZATION RECOVERS AN AMOUNT GENERALLY EQUAL TO ITS PREMIUMS PLUS INTEREST. PARTICIPANTS IN THE PLAN HAVE SIGNED WRITTEN REPRESENTATIONS UNDER REG. 1.78782.15(D)(2) AND THOSE REPRESENTATIONS ARE MAINTAINED ON FILE BY PRISMA HEALTH.

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.

  • RADIATION ONCOLOGY

    N/A · HEALTHCARE · SC

    Directly controlled by NA

  • PRISMA HEALTH URGENT CARE BY WELLSTREET LLC

    N/A · HEALTHCARE · GA

    Directly controlled by MCBEE HOLDINGS INC

Related corporations and trusts

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

  • HEALTHSOURCE INC

    C Corporation · HEALTHCARE · SC

    Directly controlled by Prisma Health-Midlands

  • Hospital Services Inc

    C Corporation · HEALTHCARE · SC

    Directly controlled by Prisma Health-Midlands

  • PHCA Inc

    C Corporation · HEALTHCARE · SC

    Directly controlled by MCBEE HOLDINGS INC

  • PHVPHIC Inc

    C Corporation · HEALTHCARE · SC

    Directly controlled by MCBEE HOLDINGS INC

  • Promise Health Insurance Company SC Inc

    C Corporation · INSURANCE · SC

    Directly controlled by PHVPHIC INC

  • Promise First Inc

    C Corporation · INSURANCE · SC

    Directly controlled by PHVPHIC INC

  • McBee Holdings Inc

    C Corporation · HEALTHCARE · SC

    Directly controlled by PRISMA HEALTH

Provenance

Return type
form_990
Tax year
2022
Filed
14 August 2024
IRS schema version
2022v5.0
Source object
202412279349302721

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