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Nonprofiteer
← OCF MEDICAL FACILITIES INC

Form 990 for tax year 2023

Filed by OCF MEDICAL FACILITIES INC.

Totals

Total revenue
$6,205,815
Total expenses
$3,753,404
Contributions and grants received
$0
Grants paid
$0
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$0

Listed in Part VII

  • MICHAEL F HULEFELD

    DIRECTOR, PRESIDENT

    Total calculated
    $3,788,709
    From this org
    $0
    From related orgs
    $3,305,352
    Other
    $483,357
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,464,426 related
    Bonus
    $0 + $1,790,000 related
    Other
    $0 + $50,926 related
    Deferred
    $0 + $459,105 related
    Nontaxable benefits
    $0 + $24,252 related
    Filer's total
    $0 + $3,788,709 related

  • PETER C NOVEMBER

    DIRECTOR, CEO

    Total calculated
    $5,035,779
    From this org
    $0
    From related orgs
    $4,183,651
    Other
    $852,128
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,986,279 related
    Bonus
    $0 + $2,130,600 related
    Other
    $0 + $66,772 related
    Deferred
    $0 + $824,717 related
    Nontaxable benefits
    $0 + $27,411 related
    Filer's total
    $0 + $5,035,779 related

  • SCOTT J POSECAI

    DIRECTOR, TREAS/CFO (END: 12/2023)

    Total calculated
    $1,871,390
    From this org
    $0
    From related orgs
    $1,687,086
    Other
    $184,304
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $986,214 related
    Bonus
    $0 + $600,000 related
    Other
    $0 + $100,872 related
    Deferred
    $0 + $156,800 related
    Nontaxable benefits
    $0 + $27,504 related
    Filer's total
    $0 + $1,871,390 related

  • DONALD PUGLISI

    INDEPENDENT DIRECTOR

    Total calculated
    $7,200
    From this org
    $0
    From related orgs
    $7,200
    Other
    $0
    Hours/week
    1 + 3 related

  • SHELLEY S TYNAN

    DIRECTOR, SECRETARY

    Total calculated
    $1,020,901
    From this org
    $0
    From related orgs
    $948,176
    Other
    $72,725
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $659,287 related
    Bonus
    $0 + $250,000 related
    Other
    $0 + $38,889 related
    Deferred
    $0 + $42,080 related
    Nontaxable benefits
    $0 + $30,645 related
    Filer's total
    $0 + $1,020,901 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 — 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 3
THE OFFICERS OF OCF MEDICAL FACILITIES, INC. ARE NOT COMPENSATED BY OCF MEDICAL FACILITIES, INC., BUT ARE COMPENSATED BY RELATED ORGANIZATIONS FOR THEIR ROLES AS OFFICERS OR EXECUTIVES OF THE OCHSNER CLINIC FOUNDATION. THE PROCESS FOR DETERMINING COMPENSATION IS DESCRIBED ON THE FORM 990 OF OCHSNER CLINIC FOUNDATION (72-0502505). THE METHODS USED INCLUDE A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, WRITTEN EMPLOYMENT CONTRACTS, A COMPENSATION SURVEY, AND APPROVAL BY THE COMPENSATION COMMITTEE.
PART I, LINE 4B
THE FOLLOWING PEOPLE PARTICIPATE IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) WHICH IS PART OF THE TERMS AND CONDITIONS OF THEIR EMPLOYMENT CONTRACTS WITH OCHSNER CLINIC FOUNDATION AND IS BASED ON A TARGETED REPLACEMENT OF A SET PERCENTAGE OF THEIR SALARY AT AGE 65. THE SERP IS CLASSIFIED AS A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. THIS BENEFIT IS FUNDED IN A TRUST ACCOUNT WITH HANCOCK WHITNEY BANK. FOLLOWING IS A LIST OF PARTICIPANTS, THEIR TITLE WITH THE SPONSORING ORGANIZATION, AND ANY DISTRIBUTIONS MADE IN 2023: * PETER C NOVEMBER, CHIEF EXECUTIVE OFFICER; NO DISTRIBUTION. * MICHAEL F HULEFELD, PRESIDENT AND CHIEF OPERATING OFFICER; NO DISTRIBUTION. * SCOTT J POSECAI, EXECUTIVE VICE PRESIDENT, CFO, AND TREASURER; NO DISTRIBUTION. THE FOLLOWING PARTICIPATES IN A 457(F) NON-QUALIFIED, UNFUNDED, DEFERRED COMPENSATION PLAN, WHICH WAS ADOPTED IN 2013. THE PLAN ALLOWS FOR ANNUAL FIXED CONTRIBUTIONS BASED ON A PERCENT OF BASE PAY AND SUBJECT TO A THREE-YEAR VESTING REQUIREMENT; AND ANNUAL DISCRETIONARY CONTRIBUTIONS BASED ON A PERCENT OF BASE PAY OR A FLAT-DOLLAR AMOUNT AND SUBJECT TO A THREE-YEAR VESTING REQUIREMENT. FOLLOWING IS A LIST OF PARTICIPANTS AND ANY DISTRIBUTIONS MADE IN 2023: * SHELLEY S TYNAN; DISTRIBUTION OF $21,788

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.

Provenance

Return type
form_990
Tax year
2023
Filed
24 January 2025
IRS schema version
2023v6.0
Source object
202530249349301808

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