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Nonprofiteer
← COPLEY VENTURES INC

Form 990 for tax year 2023

Filed by COPLEY VENTURES INC.

Totals

Total revenue
$5,081,304
Total expenses
$4,716,005
Contributions and grants received
$0
Grants paid
$0
Program services expenses (Part IX)
$3,973,727
Management and general expenses
$742,278
Fundraising expenses
$0
Program service expenses (Part III)
$3,973,727

Program services were 84.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Brenda Van Wyhe

    SR. VP FINANCE & CFO/TREASURER

    Total calculated
    $1,464,830
    From this org
    $0
    From related orgs
    $1,430,687
    Other
    $34,143
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $462,292 related
    Bonus
    $0 + $105,005 related
    Other
    $0 + $863,390 related
    Deferred
    $0 + $11,250 related
    Nontaxable benefits
    $0 + $22,893 related
    Filer's total
    $0 + $1,464,830 related

  • John Diederich MA MBA FACHE

    President & CEO/Director

    Total calculated
    $1,441,519
    From this org
    $0
    From related orgs
    $1,397,127
    Other
    $44,392
    Hours/week
    1 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $750,625 related
    Bonus
    $0 + $179,821 related
    Other
    $0 + $466,681 related
    Deferred
    $0 + $11,250 related
    Nontaxable benefits
    $0 + $33,142 related
    Filer's total
    $0 + $1,441,519 related

  • Mary F Shilkaitis

    SR VP Operations & COO

    Total calculated
    $607,018
    From this org
    $0
    From related orgs
    $576,730
    Other
    $30,288
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $411,235 related
    Bonus
    $0 + $93,338 related
    Other
    $0 + $72,157 related
    Deferred
    $0 + $6,972 related
    Nontaxable benefits
    $0 + $23,316 related
    Filer's total
    $0 + $607,018 related

  • Ryan Asmus END 0224

    VP, GENERAL COUNSEL/SECRETARY

    Total calculated
    $974,642
    From this org
    $0
    From related orgs
    $430,209
    Other
    $544,433
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $355,696 related
    Bonus
    $0 + $69,012 related
    Other
    $0 + $5,501 related
    Deferred
    $0 + $544,433 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $974,642 related

  • Mike Lange

    MANAGER OF TENNIS

    Total calculated
    $144,040
    From this org
    $118,052
    From related orgs
    $0
    Other
    $25,988
    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 — 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 3 Arrangement used to establish the top management official's compensation
COPLEY MEMORIAL HOSPITAL, A RELATED ORGANIZATION OF COPLEY VENTURES, USED THE FOLLOWING METHODS TO DETERMINE THE COMPENSATION OF THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - FORM 990 OF OTHER ORGANIZATIONS - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
Schedule J, Part I, Line 4a Severance or change-of-control payment
RYAN ASMUS, VP GENERAL COUNSEL, SIGNED A $544,433 SEVERANCE AGREEMENT IN 2024 PAYABLE IN 2024 & 2025.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
CMH OFFERS A SUPPLEMENTAL RETUREMENT PLAN TO CERTAIN EMPLOYEES WHO PARTICIPATE IN THE EXECUTIVE BENEFITS PROGRAM. THERE IS NO CONSTRUCTIVE RECEIPT OF THESE AMOUNTS BY THE INDIVIDUALS UNTIL THEY ARE PAID OUT AS THEY ARE SUBJECT TO A SUBSTANDTIAL RISK OF FORFEITURE UNTIL INDIVIDUALS MEET THE REQUIRED VESTING PERIOD. ONCE VESTED, PAYOUTS WOULD BE INCLUDED AS REPOSTABLE COMPENSATION ON THE RECIPIENTS ANNUAL FORM W-2. THE AMOUNTS PAID OUT OF THIS PLAN IN 2023 WERE AS FOLLOWS: BRENDA VAN WYHE - $853,818, JOHN DIEDERICH - $461,317, MARY SHILKAITIS - $61,974

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
14 May 2025
IRS schema version
2023v6.0
Source object
202501349349307015

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