Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $73,401

• 1f · All other contributions, gifts and grants

  $12,588,332

• 1g · Noncash contributions included above

  $313,425

• 3 · Investment income

  total $3,924,577 · excluded $3,924,577

• 7a · Gross sales of assets other than inventory

  securities $2,587,477

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

  securities $0

• 7c · Gain or loss

  securities $2,587,477

• 7d · Net gain or loss

  total $2,587,477 · excluded $2,587,477

• 8a · Fundraising events: gross income

  $16,516

• 8a · Fundraising events: contributions included on line 1c

  $73,401

• 8b · Fundraising events: direct expenses

  $31,951

• 8c · Net income from fundraising events

  total -$15,435 · excluded -$15,435

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $318,832 · management and general $318,832

• 7 · Other salaries and wages

  total $994,863 · management and general $249,091 · fundraising $745,772

• 9 · Other employee benefits

  total $229,833 · management and general $59,032 · fundraising $170,801

• 11f · Fees: investment management

  total $295,552 · management and general $295,552

• 11g · Fees: other

  total $146,369 · management and general $64,400 · fundraising $81,969

• 12 · Advertising and promotion

  total $3,574 · management and general $3,574

• 13 · Office expenses

  total $58,408 · management and general $29,666 · fundraising $28,742

• 14 · Information technology

  total $4,157 · management and general $4,157

• 17 · Travel

  total $22,200 · management and general $13,461 · fundraising $8,739

• 19 · Conferences, conventions and meetings

  total $266,990 · management and general $7,562 · fundraising $259,428

• 24a · Other expenses: DISTRIBUTIONS TO HOSPIT

  total $9,162,651 · program services $9,162,651

• 24b · Other expenses: FLOWERS & GIFTS

  total $7,424 · fundraising $7,424

• 24c · Other expenses: MISCELLANEOUS

  total $2,847 · management and general $2,847

• 24d · Other expenses: ORGANIZATIONAL DUES

  total $882 · management and general $882

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $6,863,580 · end of year $8,991,651

• 3 · Pledges and grants receivable

  beginning of year $9,301,931 · end of year $7,564,411

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

  $97,000

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

  $0

• 10c · Land, buildings and equipment, net

  beginning of year $97,000 · end of year $97,000

• 12 · Investments: other securities

  beginning of year $116,752,106 · end of year $135,991,537

• 15 · Other assets

  beginning of year $3,752 · end of year $40,806

• 17 · Accounts payable and accrued expenses

  beginning of year $491,283 · end of year $234,325

• 25 · Other liabilities

  beginning of year $8,770,925 · end of year $10,933,643

• 27 · Net assets without donor restrictions

  beginning of year $61,974,118 · end of year $77,397,443

• 28 · Net assets with donor restrictions

  beginning of year $61,782,043 · end of year $64,119,994

The filer's explanations (Part III)

PART I, LINE 4B

A SELECT GROUP OF SENIOR LEADERS OF THE JOHNS HOPKINS HEALTH SYSTEM CORPORATION (JHHSC) PARTICIPATE IN SUPPLEMENTAL RETIREMENT/DEFERRED COMPENSATION PROGRAMS, INCLUDING SOME LEGACY ARRANGEMENTS THAT ARE NO LONGER AVAILABLE TO NEW HIRES. PRE-2011 PARTICIPANTS RECEIVE CASH PAYMENTS EACH YEAR DETERMINED WITH REFERENCE TO THEIR SERVICE WITH JHHSC AND THEIR FINAL AVERAGE COMPENSATION. AS OF JANUARY 2019, FUTURE CASH PAYMENTS ARE MADE ACCORDING TO A FIXED SCHEDULE FOR THESE PARTICIPANTS. POST-2011 PARTICIPANTS ACCRUE BENEFITS UNDER A DEFINED CONTRIBUTION FORMULA WHERE CONTRIBUTIONS ARE TIERED BY POSITION LEVEL. CONTRIBUTIONS MADE IN 2018 AND PRIOR YEARS GENERALLY VEST AFTER THE LATER OF FIVE YEARS OF SERVICE WITH JHHSC OR THREE YEARS OF PLAN PARTICIPATION; CONTRIBUTIONS MADE IN 2019 AND FUTURE YEARS VEST THREE YEARS AFTER EACH CONTRIBUTION IS MADE, WITH FULL VESTING ON THE LATER OF AGE 65 OR THREE YEARS OF PLAN PARTICIPATION. ALL CONTRIBUTIONS VEST ON DEATH, DISABILITY OR INVOLUNTARY TERMINATION WITHOUT CAUSE. IF A PARTICIPANT VOLUNTARILY TERMINATES EMPLOYMENT OR IS TERMINATED BY THE EMPLOYER FOR CAUSE PRIOR TO THE APPLICABLE VESTING DATE, THE PARTICIPANT'S ENTIRE NON-VESTED BENEFIT IS FORFEITED ALL OF THESE ARRANGEMENTS WERE APPROVED, IN ADVANCE, BY AN INDEPENDENT COMPENSATION COMMITTEE, WHICH BASED ITS DECISION ON DATA PROVIDED BY AN INDEPENDENT COMPENSATION CONSULTANT. PARTICIPANTS' INTERESTS UNDER THESE ARRANGEMENTS ARE NOT GUARANTEED OR SECURED AT ANY WAY AND AT ALL TIMES ARE SUBJECT TO CLAIMS OF EMPLOYER'S BANKRUPTCY/INSOLVENCY CREDITORS. THE FOLLOWING INDIVIDUALS LISTED ON FORM 990, PART VII, SECTION A, LINE 1A RECEIVED PAYMENT FROM ONE OR MORE SUPPLEMENTAL RETIREMENT/DEFERRED COMPENSATION PROGRAMS, WITH PAYMENTS REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III); THE TOTAL OF AMOUNTS PAYABLE DURING 2023 BUT REPORTED AS DEFERRED COMPENSATION IN COLUMN (C) IN PREVIOUS YEARS IS REPORTED IN SCHEDULE J, PART II, COLUMN (F). THE AMOUNTS BELOW MAY REFLECT ANNUAL CASH PAYMENTS OR MULTIPLE YEARS OF ACCRUALS THAT VESTED IN 2023. HASAN ZIA $43,122.43

PART I, LINE 7

ANNUAL INCENTIVE PLAN: EXECUTIVES PARTICIPATE IN AN ANNUAL INCENTIVE PLAN THAT REWARDS PARTICIPANTS FOR THE ACHIEVEMENT OF ORGANIZATION OBJECTIVES APPROVED BY THE JOHNS HOPKINS MEDICINE COMPENSATION COMMITTEE EACH YEAR, INCLUDING FINANCIAL AND NON-FINANCIAL MEASURES. A PORTION OF THE OVERALL AWARD IS DETERMINED BASED ON INDIVIDUAL PERFORMANCE.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• JOHNS HOPKINS HEALTHCARE LLC

  MEDICAL SERVICES · MD

• JHMI UTILITIES LLC

  UTILITY FACILITIES · MD

• HOWARD COUNTY NEONATAL SERVICES SERIES

  NEONATAL HEALTH · MD

• HEALTHCARE SUPPLY CHAIN INNOVATIONS LLC

  GROUP PURCHASING · MD

• JOHNS HOPKINS SURGERY CENTER SERIES

  SURGERY · MD

• JOHNS HOPKINS HEALTH CARE AND SURGERY CENTER DEVELOPMENT LLC

  LEASING REAL PROPERTY · MD

• JOHNS HOPKINS MEDICINE INTERNATIONAL LLC

  MEDICAL SERVICES · MD

• WEST COUNTY MEDICAL LLC

  REAL ESTATE · MD

• JOHNS HOPKINS MEDICINE ALLIANCE FOR PATIENTS

  HEALTHCARE SERVICES · MD

• JOHNS HOPKINS PERSONALIZED CARE LLC

  MEDICAL SERVICES · MD

Related corporations and trusts

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

• HOWARD COUNTY HEALTH SERVICES INC

  C · HEALTHCARE MANAGEMENT · MD

• JOHNS HOPKINS MEDICAL MANAGEMENT CORPORATION

  C · NURSING SERVICES · MD

• JOHNS HOPKINS EMPLOYER HEALTH PROGRAMS INC

  C · BENEFIT PLANS · MD

• TCAS INC

  C · NURSING SERVICES · MD

• SUBURBAN HEALTH ENTERPRISES INC

  C · MEDICAL OFFICE LEASING AND RELEASING · MD

• SSA HOLDCO INC

  C · INVESTMENT · PA

• SAFETOWER INC

  C · MEDICAL TECH COMPANY · DE