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Nonprofiteer
← MERITER FOUNDATION INC

Form 990 for tax year 2022

Filed by MERITER FOUNDATION INC.

Totals

Total revenue
$5,684,080
Total expenses
$2,541,048
Contributions and grants received
$3,391,312
Grants paid
$679,440
Program service revenue
$873,221
Investment income
$1,419,947
Other revenue
-$400
Total assets, end of year
$29,127,476
Total liabilities, end of year
$2,242,266
Net assets or fund balances, end of year
$26,885,210
Program services expenses (Part IX)
$933,922
Management and general expenses
$901,343
Fundraising expenses
$705,783
Program service expenses (Part III)
$933,922

Program services were 36.8% 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

    $39,266

  • 1e · Government grants (contributions)

    $188,194

  • 1f · All other contributions, gifts and grants

    $3,163,852

  • 2a · Program service revenue: MANAGEMENT FEES-HOSPITAL

    total $873,221 · related or exempt $873,221

  • 3 · Investment income

    total $1,105,877 · excluded $1,105,877

  • 7a · Gross sales of assets other than inventory

    securities $3,105,436

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

    securities $2,791,366

  • 7c · Gain or loss

    securities $314,070

  • 7d · Net gain or loss

    total $314,070 · excluded $314,070

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total -$400 · excluded -$400

  • 11e · Other revenue, total

    -$400

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $672,440 · program services $672,440

  • 2 · Grants to domestic individuals

    total $7,000 · program services $7,000

  • 5 · Compensation of officers, directors and key employees

    total $272,693 · management and general $204,520 · fundraising $68,173

  • 7 · Other salaries and wages

    total $499,959 · program services $218,007 · management and general $708 · fundraising $281,244

  • 8 · Pension plan contributions

    total $23,136 · program services $6,531 · management and general $6,144 · fundraising $10,461

  • 9 · Other employee benefits

    total $56,831 · program services $16,041 · management and general $15,093 · fundraising $25,697

  • 10 · Payroll taxes

    total $49,253 · program services $13,903 · management and general $13,080 · fundraising $22,270

  • 11g · Fees: other

    total $161,629 · management and general $89,980 · fundraising $71,649

  • 12 · Advertising and promotion

    total $65 · fundraising $65

  • 13 · Office expenses

    total $49,036 · management and general $355 · fundraising $48,681

  • 16 · Occupancy

    total $50,701 · management and general $50,701

  • 17 · Travel

    total $11,526 · management and general $1,147 · fundraising $10,379

  • 24a · Other expenses: SHARED SERVICES FEES

    total $517,159 · management and general $517,159

  • 24b · Other expenses: MISCELLANEOUS

    total $82,543 · management and general $456 · fundraising $82,087

  • 24c · Other expenses: SPECIAL EVENTS

    total $45,723 · management and general $2,000 · fundraising $43,723

  • 24d · Other expenses: PRINTING & PUBLICATIONS

    total $35,394 · fundraising $35,394

  • 24e · All other expenses

    total $5,960 · fundraising $5,960

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $200 · end of year $200

  • 2 · Savings and temporary cash investments

    beginning of year $1,078,302 · end of year $2,434,839

  • 3 · Pledges and grants receivable

    beginning of year $401,970 · end of year $1,214,332

  • 4 · Accounts receivable

    beginning of year $134,634 · end of year $23,339

  • 9 · Prepaid expenses and deferred charges

    end of year $13,504

  • 11 · Investments: publicly traded securities

    beginning of year $28,093,089 · end of year $25,441,262

  • 17 · Accounts payable and accrued expenses

    beginning of year $75,495 · end of year $936,740

  • 18 · Grants payable

    beginning of year $1,120,156 · end of year $1,082,175

  • 19 · Deferred revenue

    end of year $223,351

  • 27 · Net assets without donor restrictions

    beginning of year $15,554,847 · end of year $12,526,386

  • 28 · Net assets with donor restrictions

    beginning of year $12,957,697 · end of year $14,358,824

Mission and programs · 2022

Mission

MERITER FOUNDATION EXISTS TO RAISE AND MANAGE GIFTS IN SUPPORT OF THE PROGRAMS AND SERVICES THAT ADVANCE THE MISSION OF MERITER HOSPITAL, INC.

Activities or mission (Part I)

RAISE, INVEST, GRANT AND STEWARD GIFTS ON BEHALF OF MERITER HOSPITAL, INC.

  • MERITER FOUNDATION, INC. IS A NOT-FOR-PROFIT 501 (C)(3) CHARITABLE ORGANIZATION THAT RAISES, INVESTS, GRANTS AND STEWARDS GIFTS ON BEHALF OF MERITER HOSPITAL, INC. THOUSANDS OF INDIVIDUALS AND ORGANIZATIONS HAVE OFFERED CHARITABLE GIVING SUPPORT THAT HAS HELPED ADVANCE MERITER'S COMMITMENT TO THE HEALTHCARE NEEDS OF OUR COMMUNITY. SUCH GIFTS HAVE A POSITIVE AND POWERFUL IMPACT THAT SPANS GENERATIONS AND EXTENDS BEYOND THE DOORS OF MERITER HOSPITAL, INC. INTO THE HEART OF DANE COUNTY AND BEYOND. PHILANTHROPY PROVIDES A MARGIN OF EXCELLENCE THAT ALLOWS MERITER TO ACCOMPLISH PROJECTS AND IMPLEMENT PROGRAMS THAT MIGHT NOT OTHERWISE BE POSSIBLE. IN ADDITION TO RAISING MONEY FOR PROGRAMS AND CAPITAL PROJECTS, THE FOUNDATION GRANTS FUNDS FROM EXISTING ASSETS TO SELECT RESEARCH AND HEALTH EDUCATION INITIATIVES.

    Expenses $933,922 · Grants $679,440 · Revenue $873,221

As filed on the 2022 return.

Listed in Part VII

  • James Arnett Fr 622

    PRESIDENT & CEO UPH-MERITER

    Total calculated
    $566,812
    From this org
    $0
    From related orgs
    $475,198
    Other
    $91,614
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $372,084 related
    Bonus
    $0 + $96,354 related
    Other
    $0 + $6,760 related
    Deferred
    $0 + $63,164 related
    Nontaxable benefits
    $0 + $28,450 related
    Filer's total
    $0 + $566,812 related

  • Bobby Adamov

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tricia Braun

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Holly Cremer Berkenstadt

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Sherry Casali

    CNO UPH-MERITER

    Total calculated
    $422,836
    From this org
    $0
    From related orgs
    $369,475
    Other
    $53,361
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $277,110 related
    Bonus
    $0 + $82,149 related
    Other
    $0 + $10,216 related
    Deferred
    $0 + $40,077 related
    Nontaxable benefits
    $0 + $13,284 related
    Filer's total
    $0 + $422,836 related

  • Diego Campoverde Cisneros

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mary Cullen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rebecca Dopart

    PRESIDENT, FOUNDATION

    Total calculated
    $272,693
    From this org
    $234,045
    From related orgs
    $0
    Other
    $38,648
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $205,935
    Bonus
    $27,820
    Other
    $290
    Deferred
    $9,603
    Nontaxable benefits
    $29,045
    Filer's total
    $272,693

  • Sue Erickson To 622

    PRESIDENT & CEO UPH-MERITER

    Total calculated
    $923,569
    From this org
    $0
    From related orgs
    $770,752
    Other
    $152,817
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $582,404 related
    Bonus
    $0 + $166,447 related
    Other
    $0 + $21,901 related
    Deferred
    $0 + $130,352 related
    Nontaxable benefits
    $0 + $22,465 related
    Filer's total
    $0 + $923,569 related

  • Gabe Javier Fr 522

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Levy

    BOARD SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Chas Martin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Matt Messinger

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tina Noel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Katie Schmitt MD

    BOARD MEMBER

    Total calculated
    $437,506
    From this org
    $0
    From related orgs
    $389,794
    Other
    $47,712
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $377,575 related
    Bonus
    $0 + $9,950 related
    Other
    $0 + $2,269 related
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $32,462 related
    Filer's total
    $0 + $437,506 related

  • John Sims

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Tony Sullivan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Alia Stevenson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Matt Vanderloo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Pam Wetzel MD

    CHIEF MED OFFICER UPH-MERITER

    Total calculated
    $668,052
    From this org
    $0
    From related orgs
    $581,759
    Other
    $86,293
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $437,614 related
    Bonus
    $0 + $130,301 related
    Other
    $0 + $13,844 related
    Deferred
    $0 + $65,263 related
    Nontaxable benefits
    $0 + $21,030 related
    Filer's total
    $0 + $668,052 related

  • Tyler Whipple To 722

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mai Zong Vue

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Beth Erdman

    CFO UPH-MERITER

    Total calculated
    $508,898
    From this org
    $0
    From related orgs
    $424,473
    Other
    $84,425
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $320,768 related
    Bonus
    $0 + $96,043 related
    Other
    $0 + $7,662 related
    Deferred
    $0 + $51,312 related
    Nontaxable benefits
    $0 + $33,113 related
    Filer's total
    $0 + $508,898 related

  • Brianna Yanke

    SR DIRECTOR DEVELOPMENT

    Total calculated
    $120,339
    From this org
    $110,603
    From related orgs
    $0
    Other
    $9,736
    Hours/week
    45

  • Art Nizza Dsw To 221

    FORMER CEO UPH-MERITER

    Total calculated
    $814,375
    From this org
    $0
    From related orgs
    $814,375
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $814,375 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $814,375 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, 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

  • 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)

PART I, LINES 4A-B
SEVERANCE PAYMENTS: THE FOLLOWING INDIVIDUAL(S) RECEIVED SEVERANCE PAYMENTS DURING THE YEAR THAT WERE INCLUDED IN THEIR TAXABLE INCOME: ART NIZZA, DSW $814,375 NONQUALIFIED RETIREMENT PLAN CONTRIBUTIONS: THE FOLLOWING INDIVIDUAL(S) PARTICIPATED IN AND RECEIVED CONTRIBUTIONS IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: JAMES ARNETT $50,964, SHERRY CASALI $27,878, BETH ERDMAN $39,112, SUSAN ERICKSON $108,417 & PAM WETZEL $53,063.

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.

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.

  • ADVANCED IMAGING CENTER LLC

    DIAGNOSTIC RADIOLOGY CENTER · IA · general or managing partner

  • ANKENY MEDICAL PARK SURGERY CENTER LC

    AMBULATORY SURGERY CENTER · IA · general or managing partner

  • CENTRAL IOWA CARDIOVASCULAR CO-MANAGEMENT CO LLC

    CARDIOVASCULAR MANAGEMENT & ADMINISTRATIVE SERVICES · IA · general or managing partner

  • CENTRAL IOWA ONCOLOGY CO-MANAGEMENT COMPANY

    ONCOLOGY MANAGEMENT & ADMINISTRATIVE SERVICES · IA · general or managing partner

  • CENTRAL IOWA PHYSIO LLC

    PHYSICAL THERAPY SERVICES · IA · general or managing partner

  • CENTRAL IOWA SURGICAL SERVICES CO-MANAGEMENT CO LLC

    SURGICAL MANAGEMENT & ADMINISTRATIVE SERVICES · IA · general or managing partner

  • DUBUQUE ENDOSCOPY CENTER LC

    AMBULATORY SURGERY CENTER · IA · general or managing partner

  • EASTERN IOWA SLEEP SUPPLY LLC

    MEDICAL EQUIPMENT RETAIL SALES · IA · general or managing partner

  • HEALTH CARE AFFILIATES OF THE TRI-STATES LLC

    PROVIDE ACCESS TO LICENSED SOFTWARE · IA · general or managing partner

  • IOWA DIAGNOSTIC IMAGING AND PROCEDURE CENTER LC

    OUTPATIENT DIAGNOSTIC IMAGING · IA · general or managing partner

  • IOWA HEALTH SYSTEM CONTRACTING SERVICES LC

    GROUP PURCHASING · IA · general or managing partner

  • LAKEVIEW SURGERY CENTER LC

    SURGERY CENTER · IA · general or managing partner

  • MR ASSOCIATES LLP

    OWN AND OPERATE MR UNIT · IA · general or managing partner

  • ORTHOPAEDIC OUTPATIENT SURGERY CENTER LC

    AMBULATORY SURGERY CENTER · IA · general or managing partner

  • REHABILITATION THERAPY SERVICES LLC

    REHABILATION THERAPY · IL · general or managing partner

  • THE OUTPATIENT SURGERY CENTER OF CEDAR RAPIDS LLC

    AMBULATORY SURGERY CENTER. · IA · general or managing partner

  • UNITED MEDICAL PARK ASC LLC DBA THE SURGERY CENTER AT UNITED MEDICAL PARK

    AMBULATORY SURGERY CENTER · IA · general or managing partner

  • UPHT-SCA HOLDINGS LLC

    AMBULATORY SURGERY CENTER INVESTMENT · DE

  • WEST HOSPITAL ORTHOPEDIC CO-MANAGEMENT COMPANY LLC

    ORTHOPEDIC SERVICE LINES MANAGEMENT · IA · general or managing partner

  • WEST LAKES SLEEP CENTER LLC

    SLEEP DISORDER DIAGNOSTIC TESTING FACILITY · IA · general or managing partner

Related corporations and trusts

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

  • ABBE MANAGEMENT CORPORATION

    C · MANAGEMENT SERVICES · IA

  • BELCREST SERVICES LTD

    C · MEDICAL SERVICES · IL

  • BROADBAND INC

    C · INFORMATION TECHNOLOGY MGMT. · IA

  • DELHI POINT CONDO ASSOCIATION

    C · REAL ESTATE MANAGEMENT · IA

  • HCP CORPORATION

    C · REAL ESTATE RENTAL · WI

  • HANSEN CHARITABLE REMAINDER ANNUITY TRUST

    T · INVESTMENT · IA

  • HANSEN CHARITABLE REMAINDER UNITRUST

    T · INVESTMENT · IA

  • HEALTH ADVANTAGE PLUS INC

    C · PHYSICAL THERAPY · IA

  • HEALTH PLUS INC

    C · MANAGED CARE ADMINISTRATION · IL

  • HNC SERVICES

    C · FIBER OPTIC NETWORK SERVICES · IA

  • MEDIMORE INC

    C · MANAGED CARE · IA

  • MERITER HEALTH ENTERPRISES INC

    C · MANAGEMENT SERVICES · WI

  • MERITER MANAGEMENT SERVICES INC

    C · ADMINISTRATIVE SERVICES · WI

  • METHODIST HEALTH VENTURES INC & SUB

    C · PHARMACY/OFFICE STAFFING · IL

  • OPTIMUM HEALTH SOLUTIONS INC

    C · HEALTH & WELLNESS CONSULTING · IA

  • PEKIN PROHEALTH INC

    C · CLINIC · IL

  • PRECEDENCE INC

    C · MANAGED MENTAL CARE · IA

  • PRECEDENCE PLUS INC

    C · MANAGED MENTAL CARE · IA

  • PROVIDER RESOURCE MANAGEMENT INC

    C · RESOURCE MANAGEMENT · IL

  • STL HEALTH RESOURCES CO

    C · PHYSICIAN OFFICE RENTAL · IA

  • TRINITY HEALTH ENTERPRISES INC

    C · RETAIL DURABLE MEDICAL EQUIPMENT & PHARMACY · IL

Provenance

Return type
form_990
Tax year
2022
Filed
9 November 2023
IRS schema version
2022v5.0
Source object
202323189349313552

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