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Nonprofiteer
← NAPERVILLE PSYCHIATRIC VENTURES

Form 990 for tax year 2022

Filed by NAPERVILLE PSYCHIATRIC VENTURES.

Totals

Total revenue
$56,497,885
Total expenses
$64,442,901
Contributions and grants received
$50,400
Grants paid
$0
Program service revenue
$56,429,639
Investment income
$17,846
Other revenue
$0
Total assets, end of year
$25,516,881
Total liabilities, end of year
$9,796,790
Net assets or fund balances, end of year
$15,720,091
Program services expenses (Part IX)
$57,398,422
Management and general expenses
$7,044,479
Fundraising expenses
$0
Program service expenses (Part III)
$57,398,422

Program services were 89.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Joseph Dant

    Pres,Edward Hosp&Sth Institute

    Total calculated
    $1,407,546
    From this org
    $0
    From related orgs
    $1,323,340
    Other
    $84,206
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $558,267 related
    Bonus
    $0 + $240,522 related
    Other
    $0 + $524,551 related
    Deferred
    $0 + $52,299 related
    Nontaxable benefits
    $0 + $31,907 related
    Filer's total
    $0 + $1,407,546 related

  • Margaret Harrell

    Trustee/Vice Chair

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Mary L Mastro

    CEO, South Region/Trustee

    Total calculated
    $2,090,341
    From this org
    $0
    From related orgs
    $2,046,561
    Other
    $43,780
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,042,997 related
    Bonus
    $0 + $616,915 related
    Other
    $0 + $386,649 related
    Deferred
    $0 + $16,704 related
    Nontaxable benefits
    $0 + $27,076 related
    Filer's total
    $0 + $2,090,341 related

  • Sean Chou

    Trustee/Chair

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Adam Schriedel MD

    Chief Medical Officer/Trustee

    Total calculated
    $507,218
    From this org
    $0
    From related orgs
    $470,265
    Other
    $36,953
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $431,630 related
    Bonus
    $0 + $37,043 related
    Other
    $0 + $1,592 related
    Deferred
    $0 + $16,424 related
    Nontaxable benefits
    $0 + $20,529 related
    Filer's total
    $0 + $507,218 related

  • Christine Jeffries

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • David Morrissey

    Trustee Starting 7/1/2022

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Lekshmi Venugopal MD

    Trustee

    Total calculated
    $398,359
    From this org
    $0
    From related orgs
    $379,204
    Other
    $19,155
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $376,899 related
    Bonus
    $0
    Other
    $0 + $2,306 related
    Deferred
    $0 + $16,762 related
    Nontaxable benefits
    $0 + $2,393 related
    Filer's total
    $0 + $398,360 related

  • Liz Aquino

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Mark Gomez MD

    Physician/Trustee

    Total calculated
    $477,468
    From this org
    $0
    From related orgs
    $429,813
    Other
    $47,655
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $425,199 related
    Bonus
    $0 + $2,430 related
    Other
    $0 + $2,184 related
    Deferred
    $0 + $16,332 related
    Nontaxable benefits
    $0 + $31,323 related
    Filer's total
    $0 + $477,468 related

  • Michael Hoffman MD

    Trustee

    Total calculated
    $328,844
    From this org
    $0
    From related orgs
    $311,134
    Other
    $17,710
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $207,440 related
    Bonus
    $0 + $100,000 related
    Other
    $0 + $3,694 related
    Deferred
    $0 + $6,292 related
    Nontaxable benefits
    $0 + $11,418 related
    Filer's total
    $0 + $328,844 related

  • Ram Shivakumar

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Ravi Nemivant

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Robert Platt

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Tom Lee

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Valerie Cahill

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • Walter Whang MD

    Trustee

    Total calculated
    $629,693
    From this org
    $0
    From related orgs
    $584,280
    Other
    $45,413
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $580,382 related
    Bonus
    $0
    Other
    $0 + $3,898 related
    Deferred
    $0 + $9,846 related
    Nontaxable benefits
    $0 + $35,567 related
    Filer's total
    $0 + $629,693 related

  • Chris J Mollet

    System Chief Legal Officer/Corp Secretary

    Total calculated
    $1,092,047
    From this org
    $0
    From related orgs
    $1,045,918
    Other
    $46,129
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $581,419 related
    Bonus
    $0 + $262,665 related
    Other
    $0 + $201,835 related
    Deferred
    $0 + $16,207 related
    Nontaxable benefits
    $0 + $29,922 related
    Filer's total
    $0 + $1,092,048 related

  • Denise Chamberlain

    CFO, South Region/Treasurer

    Total calculated
    $1,040,212
    From this org
    $0
    From related orgs
    $892,466
    Other
    $147,746
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $567,333 related
    Bonus
    $0 + $253,881 related
    Other
    $0 + $71,252 related
    Deferred
    $0 + $134,245 related
    Nontaxable benefits
    $0 + $13,502 related
    Filer's total
    $0 + $1,040,212 related

  • Douglas D Welday

    System Chief Financial Officer

    Total calculated
    $1,643,351
    From this org
    $0
    From related orgs
    $1,217,510
    Other
    $425,841
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $837,005 related
    Bonus
    $0
    Other
    $0 + $380,505 related
    Deferred
    $0 + $392,300 related
    Nontaxable benefits
    $0 + $33,541 related
    Filer's total
    $0 + $1,643,351 related

  • Gerald P Gallagher

    System President and CEO

    Total calculated
    $4,759,273
    From this org
    $0
    From related orgs
    $3,655,300
    Other
    $1,103,973
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,588,674 related
    Bonus
    $0
    Other
    $0 + $2,066,626 related
    Deferred
    $0 + $1,068,475 related
    Nontaxable benefits
    $0 + $35,498 related
    Filer's total
    $0 + $4,759,273 related

  • Jason Ogden

    AVP, Corp Control & Treas Mgmt/Assistant Treasurer

    Total calculated
    $433,438
    From this org
    $0
    From related orgs
    $387,866
    Other
    $45,572
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $290,302 related
    Bonus
    $0 + $73,620 related
    Other
    $0 + $23,945 related
    Deferred
    $0 + $16,456 related
    Nontaxable benefits
    $0 + $29,115 related
    Filer's total
    $0 + $433,438 related

  • Jeffrey D Friant

    VP, Finance/ Assistant Treasurer

    Total calculated
    $627,517
    From this org
    $0
    From related orgs
    $525,623
    Other
    $101,894
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $327,035 related
    Bonus
    $0 + $113,606 related
    Other
    $0 + $84,982 related
    Deferred
    $0 + $88,616 related
    Nontaxable benefits
    $0 + $13,278 related
    Filer's total
    $0 + $627,518 related

  • Gina M Sharp

    Pres, LOH Behav Hlth Institute

    Total calculated
    $566,649
    From this org
    $0
    From related orgs
    $515,949
    Other
    $50,700
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $306,190 related
    Bonus
    $0 + $131,767 related
    Other
    $0 + $77,992 related
    Deferred
    $0 + $16,360 related
    Nontaxable benefits
    $0 + $34,341 related
    Filer's total
    $0 + $566,649 related

  • Maureen Kunz

    AVP, CNO LOH

    Total calculated
    $322,733
    From this org
    $278,322
    From related orgs
    $0
    Other
    $44,411
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $200,243
    Bonus
    $61,004
    Other
    $17,075
    Deferred
    $12,587
    Nontaxable benefits
    $31,824
    Filer's total
    $322,733

  • Carrie Esposito

    RN Administrative Supv NE

    Total calculated
    $175,105
    From this org
    $167,840
    From related orgs
    $0
    Other
    $7,265
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,609
    Bonus
    $9,037
    Other
    $2,194
    Deferred
    $6,631
    Nontaxable benefits
    $634
    Filer's total
    $175,105

  • Isabel Cothran

    RN

    Total calculated
    $191,037
    From this org
    $164,337
    From related orgs
    $0
    Other
    $26,700
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,775
    Bonus
    $12,583
    Other
    $9,979
    Deferred
    $7,015
    Nontaxable benefits
    $19,685
    Filer's total
    $191,037

  • Joseph A Malesich

    Dir, Pharmacy

    Total calculated
    $248,811
    From this org
    $209,382
    From related orgs
    $0
    Other
    $39,429
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,511
    Bonus
    $21,523
    Other
    $1,348
    Deferred
    $9,825
    Nontaxable benefits
    $29,605
    Filer's total
    $248,812

  • Kelly Bryant

    Dir, Clin Excellence&Gero Svs LOH

    Total calculated
    $183,601
    From this org
    $165,046
    From related orgs
    $0
    Other
    $18,555
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,197
    Bonus
    $16,274
    Other
    $2,574
    Deferred
    $9,730
    Nontaxable benefits
    $8,825
    Filer's total
    $183,601

  • Sheryl Bates

    Dir, Admissions & Utiliz Mgmt

    Total calculated
    $184,789
    From this org
    $158,571
    From related orgs
    $0
    Other
    $26,218
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,872
    Bonus
    $14,402
    Other
    $17,297
    Deferred
    $8,285
    Nontaxable benefits
    $17,933
    Filer's total
    $184,790

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

  • 1a · Tax indemnification and gross-up payments
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Tax indemnification and gross-up payments
The organization's officers and certain key employees are offered life insurance and long-term disability benefits. A transition bonus is paid to certain executives that no longer receive a gross-up payment to cover the tax impacts for life insurance and long-term disability.
Schedule J, Part I, Line 1a Health or social club dues or initiation fees
ALL EMPLOYEES ARE OFFERED A MEMBERSHIP AT THE EDWARD HEALTH & FITNESS CENTER, AN AFFILIATE OF EDWARD-ELMHURST HEALTHCARE, AS A TAXABLE EMPLOYEE BENEFIT. THE VALUE OF THIS BENEFIT IS DETERMINED BASED UPON THE FAIR MARKET VALUE OF THESE MEMBERSHIPS, WHICH IS IN TURN DETERMINED BASED UPON THE ACTUAL AMOUNT THAT THE EDWARD HEALTH & FITNESS CENTER CHARGES TO OTHER CORPORATE CUSTOMERS. MEMBERS OF SENIOR MANAGEMENT (THE PRESIDENT AND VICE PRESIDENTS) ARE ALSO PROVIDED THIS BENEFIT FOR THEIR SPOUSE AND CHILDREN, ALSO AS A TAXABLE BENEFIT.
Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
A detailed compensation review of the top executives, including the Chief Executive Officer, is conducted annually. Market data is collected and assessed by an external independent compensation consultant who specializes in compensation consulting within the healthcare industry. The work product from this study is reviewed separately with NS-EE Holdings' Board-retained legal counsel. Market data for base and variable compensation is assessed annually for integrated delivery systems and academic medical centers that are similar in size and complexity. The market assessment includes assessing job content in order to make appropriate market data comparisons. Specific recommendations are then reviewed, discussed and approved as appropriate with the NS-EE Holdings Compensation Committee, in session with legal counsel present, in advance of implementation.
Schedule J, Part I, Line 4a Severance or change-of-control payment
As of December 31, 2022, an executive signed a change-of-control arrangement. No payments were made under these arrangements in 2022.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
INDIVIDUALS WHO HAVE THE TITLE OF VICE PRESIDENT OR HIGHER ARE ELIGIBLE TO PARTICIPATE IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP); ANY ELIGIBLE PARTICIPANTS MUST BE APPROVED BY THE EDWARD-ELMHURST HEALTHCARE BOARD OF TRUSTEES. THE SERP WAS ESTABLISHED TO RECOGNIZE THE VALUABLE CONTRIBUTIONS THAT EACH OF THE PARTICIPANTS MAKES TO THE OPERATIONS OF EDWARD-ELMHURST HEALTHCARE AND TO REWARD CERTAIN EXECUTIVE EMPLOYEES FOR THEIR LONG-TERM SERVICE AND COMMITMENT TO EDWARD-ELMHURST HEALTHCARE. THE SERP IS DESIGNED TO SUPPLEMENT THESE PARTICIPANTS' INCOME IF THEY REMAIN WITH EDWARD-ELMHURST HEALTHCARE UNTIL AGE 65. IN EXCHANGE FOR THIS LONG-TERM SERVICE, EDWARD-ELMHURST HEALTHCARE WANTS TO SUPPLEMENT THESE PARTICIPANTS' RETIREMENT INCOME WITH ADDITIONAL ANNUAL COMPENSATION THAT IS INVESTED IN AN ANNUITY CONTRACT OR A LIFE INSURANCE VEHICLE; CONTRIBUTIONS VEST AFTER FIVE YEARS. THE FOLLOWING INTERESTED PERSONS RECEIVED DEFERRALS TO THE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) IN 2022; THESE DEFERRALS ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (C). Chamberlain, Denise 126,125 Dant, Joseph C 31,531 Gallagher, Gerald P. 400,558 Welday, Douglas D. 109,254 THE FOLLOWING INTERESTED PERSONS RECEIVED DISTRIBUTIONS FROM THE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) IN 2022; THESE PAYMENTS ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III) AND SCHEDULE J, PART II, COLUMN (F), AS APPLICABLE. Dant, Joseph C 503,579 Friant, Jeffrey 73,286 Mastro, Mary J 293,825 Mollet, Chris J 130,925 Sharp, Gina 69,591 Sullivan, Daniel 127,325 Gallagher, Gerald P. 2,057,902 Welday, Douglas D. 360,309
Schedule J, Part I, Line 7 Non-fixed payments
SCHEDULE J, PART 1, LINE 7 IS ANSWERED YES BECAUSE CERTAIN INDIVIDUALS, WHOSE SALARY AND BENEFITS ARE PAID BY THE REPORTING ORGANIZATION OR A RELATED ORGANIZATION, RECEIVED A NONFIXED PAYMENT (BONUS) DURING THE YEAR. THE NON-FIXED PAYMENTS ARE INCLUDED IN SCHEDULE J, PART II, COLUMN B(II) AS BONUSES. THE BONUS AMOUNTS DETERMINED ARE BASED ON A FIXED PERCENTAGE OF BASE COMPENSATION, HOWEVER THEY ARE DISCRETIONARY IN NATURE, IN THAT DISCRETION IS GIVEN AS TO WHETHER OR NOT A BONUS WILL BE PAID FOR THE REPORTING PERIOD.

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.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202313189349318886

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