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Nonprofiteer
← WASHINGTON REGIONAL MEDICAL FOUNDATION

Form 990 for tax year 2022

Filed by WASHINGTON REGIONAL MEDICAL FOUNDATION.

Totals

Total revenue
$6,000,839
Total expenses
$2,516,677
Contributions and grants received
$4,569,354
Grants paid
$1,024,826
Program service revenue
$967,922
Investment income
$463,563
Other revenue
$0
Total assets, end of year
$28,887,547
Total liabilities, end of year
$6,952,025
Net assets or fund balances, end of year
$21,935,522
Program services expenses (Part IX)
$1,897,295
Management and general expenses
$604,593
Fundraising expenses
$14,789
Program service expenses (Part III)
$1,897,295

Program services were 75.4% 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.

  • 1d · Related organizations

    $433,857

  • 1f · All other contributions, gifts and grants

    $4,135,497

  • 2a · Program service revenue: MOB RENTAL

    total $967,922 · related or exempt $967,922

  • 3 · Investment income

    total $339,665 · excluded $339,665

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $10,214,438

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

    securities $10,090,540

  • 7c · Gain or loss

    securities $123,898

  • 7d · Net gain or loss

    total $123,898 · excluded $123,898

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $676,652 · program services $676,652

  • 2 · Grants to domestic individuals

    total $348,174 · program services $348,174

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $253,134 · program services $149,521 · management and general $103,613

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $43,551 · program services $25,725 · management and general $17,826

  • 10 · Payroll taxes

    total $18,288 · program services $10,802 · management and general $7,486

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $37,489 · program services $22,144 · management and general $15,345

  • 12 · Advertising and promotion

    total $573 · program services $338 · management and general $235

  • 13 · Office expenses

    total $131,800 · program services $69,116 · management and general $47,895 · fundraising $14,789

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $111,723 · program services $65,992 · management and general $45,731

  • 17 · Travel

    total $4,826 · program services $2,851 · management and general $1,975

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $321,352 · program services $189,816 · management and general $131,536

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $527,085 · program services $311,338 · management and general $215,747

  • 23 · Insurance

    total $10,394 · program services $6,140 · management and general $4,254

  • 24a · Other expenses: BANK CHARGES

    total $13,047 · program services $7,707 · management and general $5,340

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $10,035 · program services $5,927 · management and general $4,108

  • 24c · Other expenses: FOOD

    total $2,996 · program services $1,770 · management and general $1,226

  • 24d · Other expenses: LICENSES & FEES

    total $1,755 · program services $1,037 · management and general $718

  • 24e · All other expenses

    total $3,803 · program services $2,245 · management and general $1,558

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $1,847,116 · end of year $2,036,386

  • 3 · Pledges and grants receivable

    beginning of year $371,097 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $10,315

  • 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 $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $46,737 · end of year $8,707

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

    $12,723,534

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

    $3,518,237

  • 10c · Land, buildings and equipment, net

    beginning of year $9,732,385 · end of year $9,205,297

  • 11 · Investments: publicly traded securities

    beginning of year $15,633,399 · end of year $8,931,595

  • 12 · Investments: other securities

    beginning of year $736,199 · end of year $2,744,769

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $10,802 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $5,950,478

  • 17 · Accounts payable and accrued expenses

    beginning of year $55,505 · end of year $36,148

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $7,191,493 · end of year $6,902,116

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $11,630 · end of year $13,761

  • 27 · Net assets without donor restrictions

    beginning of year $18,696,829 · end of year $16,323,607

  • 28 · Net assets with donor restrictions

    beginning of year $2,422,278 · end of year $5,611,915

Mission and programs · 2022

Mission

THE COMPANY OPERATES AS A FUND-RAISING ORGANIZATION FOR THE BENEFIT OF WASHINGTON REGIONAL MEDICAL CENTER (WRMC). ALL OF THE FUNDS RAISED BY THE ORGANIZATION ARE HELD, INVESTED, AND DISTRIBUTED TO OR FOR THE BENEFIT OF WRMC AND OTHER HEALTH RELATED NON-PROFIT COMMUNITY ORGANIZATIONS.

Activities or mission (Part I)

THE COMPANY OPERATES AS A FUND-RAISING ORGANIZATION FOR THE BENEFIT OF WASHINGTON REGIONAL MEDICAL CENTER AND OTHER HEALTH RELATED NON-PROFIT COMMUNITY ORGS.

  • THE CANCER SUPPORT HOME (CSH) PROVIDES SERVICES TO PATIENTS THROUGHOUT THE REGION. THE MISSION OF THE CSH IS TO PROVIDE HOPE AND COMFORT TO THOSE LEARNING TO LIVE WITH CANCER. SUPPORT SERVICE ARE PROVIDED AT NO COST, AND INCLUDE SUPPORT GROUPS, A RESOURCE LIBRARY, A BOUTIQUE WITH WIGS, HATS, TURBANS AND MASTECTOMY SUPPLIES, OVERNIGHT LODGING, COUNSELING SERVICES, ART AND EXERCISE PROGRAMS. IN ADDITION, COMMUNITY EDUCATION AND FREE CANCER SCREENING ARE PROVIDED THROUGHOUT THE YEAR.

    Expenses $1,532,991 · Grants $1,024,826 · Revenue $967,922

  • THE BENEVOLENCE FUND AT THE FOUNDATION IS FUNDED BY DONATIONS FROM EMPLOYEES THROUGHOUT WASHINGTON REGIONAL MEDICAL SYSTEM. THE FUND ARE PROVIDED TO OTHER EMPLOYEES WHO ARE EXPERIENCING PERSONAL HARDSHIPS AND ARE IN NEED OF FINANCIAL ASSISTANCE IN MAKING THEIR RENT, MORTGAGE, UTILITY OR SIMILAR PAYMENTS. THE APPLICATIONS ARE REVIEWED AND APPROVED BY A COMMITTEE WHO MEETS ON A REGULAR BASIS.

    Expenses $173,580

  • FAITH IN ACTION (FIA) IS A VOLUNTEER-BASED ORGANIZATION PROVIDING HOMEBOUND SENIORS WITH FREE NON-MEDICAL SERVICES TO HELP PROMOTE THEIR INDEPENDENCE, DIGNITY, AND QUALITY OF LIFE.

    Expenses $190,724

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • LARRY SHACKELFORD

    PRESIDENT AND CEO

    Total calculated
    $1,038,452
    From this org
    $0
    From related orgs
    $1,014,949
    Other
    $23,503
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $741,018 related
    Bonus
    $0 + $65,963 related
    Other
    $0 + $207,968 related
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $8,253 related
    Filer's total
    $0 + $1,038,452 related

  • THOMAS OLMSTEAD

    GENERAL COUNSEL

    Total calculated
    $587,651
    From this org
    $0
    From related orgs
    $561,575
    Other
    $26,076
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $447,482 related
    Bonus
    $0 + $35,125 related
    Other
    $0 + $78,968 related
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $10,826 related
    Filer's total
    $0 + $587,651 related

  • DANIEL ECKELS

    TREASURER

    Total calculated
    $553,157
    From this org
    $0
    From related orgs
    $527,091
    Other
    $26,066
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $431,187 related
    Bonus
    $0 + $35,470 related
    Other
    $0 + $60,434 related
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $10,816 related
    Filer's total
    $0 + $553,157 related

  • NANCY COZART

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $161,368
    From this org
    $0
    From related orgs
    $149,944
    Other
    $11,424
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $143,076 related
    Bonus
    $0 + $6,205 related
    Other
    $0 + $663 related
    Deferred
    $0 + $7,464 related
    Nontaxable benefits
    $0 + $3,960 related
    Filer's total
    $0 + $161,368 related

  • STACEY HANBY

    CHAIR

    Total calculated
    $0
    Hours/week
    0

  • ANN TERNES ROSSO

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0

  • DAVID RUSSELL

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • CAROLYN H ALLEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • GARY HEAD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • HANNAH F LEE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • JANE B GEARHART

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • JOANIE DYER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • MISSY D KINCAID

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • RICHARD KLEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • REY HERNANDEZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • ROY A CLINTON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • SHANNON ARCANA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • STEVEN HINDS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • TAMARA ROBERTS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • VICKIE MATHEWS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • AMY SMITH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • BO RENNER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • RUTH TURNER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • LARRY ARMSTRONG DO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • CARL COLLIER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • SCOTT CREER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • KELLI GEMMELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • JACOB HUDSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • BARBARA KNOTTS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • DENISE GARNER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • KAREN ARMSTRONG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

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

  • 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)

FORM 990, SCHEDULE J, PART I , LINE 3
A RELATED ENTITY, WASHINGTON REGIONAL MEDICAL CENTER, USED THE FOLLOWING TO ESTABLISH THE ORGANIZATION'S CEO'S COMPENSATION: COMPENSATION COMMITTEE, WRITTEN EMPLOYMENT CONTRACT, INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
FORM 990, SCHEDULE J, PART I, LINE 4B
THE FOLLOWING INDIVIDUALS RECEIVED PAYMENTS FROM PARTICIPATION IN A 457(F) PLAN: LARRY SHACKELFORD - $199,417 TOM OLMSTEAD - $76,548 DAN ECKELS - $57,869

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
2022
Filed
8 November 2023
IRS schema version
2022v5.0
Source object
202343199349305064

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