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← MJH FOUNDATION

Form 990 for tax year 2022

Filed by MJH FOUNDATION.

Totals

Total revenue
$51,439
Total expenses
$1,683,012
Contributions and grants received
$0
Grants paid
$1,894,871
Program service revenue
$0
Investment income
$51,439
Other revenue
$0
Total assets, end of year
$38,937,043
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$38,937,043
Program services expenses (Part IX)
$1,683,012
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,683,012

Program services were 100.0% 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.

  • 3 · Investment income

    total $206,705 · unrelated business $419 · excluded $206,286

  • 7a · Gross sales of assets other than inventory

    securities $12,376,758

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

    securities $12,532,024

  • 7c · Gain or loss

    securities -$155,266

  • 7d · Net gain or loss

    total -$155,266 · related or exempt -$155,266

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,894,871 · program services $1,894,871

  • 11a · Fees: management

    total $13,886 · program services $13,886

  • 24a · Other expenses: UBIT

    total -$52,630 · program services -$52,630

  • 24e · All other expenses

    total -$173,115 · program services -$173,115

Balance sheet

Part X, book values.

  • 11 · Investments: publicly traded securities

    beginning of year $39,318,539 · end of year $34,042,188

  • 12 · Investments: other securities

    beginning of year $4,496,662 · end of year $4,342,479

  • 15 · Other assets

    beginning of year $760,263 · end of year $552,376

  • 27 · Net assets without donor restrictions

    beginning of year $15,468,268 · end of year $17,215,593

  • 28 · Net assets with donor restrictions

    beginning of year $29,107,196 · end of year $21,721,450

Mission and programs · 2022

Mission

MJH FOUNDATION PROVIDES INVESTMENT AND MANAGEMENT SERVICES FOR MARTHA JEFFERSON HOSPITAL, A NON-PROFIT ORGANIZATION WHICH PROVIDES HEALTHCARE TO THE COMMUNITY.

Activities or mission (Part I)

TO PROVIDE INVESTMENT AND MANAGEMENT SERVICES FOR MARTHA JEFFERSON HOSPITAL.

  • MJH FOUNDATION PROVIDES INVESTMENT MANAGEMENT SERVICES AND OTHER SIMILAR SERVICES FOR MARTHA JEFFERSON HOSPITAL AND ITS AFFILIATED CORPORATIONS. THE DRAW FROM THE RESTRICTED FUND IS USED TO SUPPORT MARTHA JEFFERSON HOSPITAL'S PROGRAMMATIC SUPPORT OF ITS PATIENTS AND EMPLOYEES.SEE SCHEDULE O FOR A DESCRIPTION OF PROGRAMS AND ACCOMPLISHMENTS OF THE SENTARA HEALTH SYSTEM AS A WHOLE FOR 2022.

    Expenses $1,683,012 · Grants $1,894,871 · Revenue -$155,266

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

Listed in Part VII

  • Margaret Holden

    DIRECTOR/CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Erik Greenbaum

    DIRECTOR/VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 0.25 related

  • Rita A Bunch

    DIRECTOR/PRESIDENT

    Total calculated
    $524,978
    From this org
    $0
    From related orgs
    $473,651
    Other
    $51,327
    Hours/week
    1 + 41.65 related

    Schedule J breakdown matched by us

    Base
    $0 + $313,266 related
    Bonus
    $0 + $103,163 related
    Other
    $0 + $57,222 related
    Deferred
    $0 + $39,475 related
    Nontaxable benefits
    $0 + $11,852 related
    Filer's total
    $0 + $524,978 related

  • Kimberly Skelly

    VICE PRESIDENT

    Total calculated
    $266,909
    From this org
    $0
    From related orgs
    $232,438
    Other
    $34,471
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $201,698 related
    Bonus
    $0 + $29,399 related
    Other
    $0 + $1,341 related
    Deferred
    $0 + $2,256 related
    Nontaxable benefits
    $0 + $32,215 related
    Filer's total
    $0 + $266,909 related

  • Deborah L Thexton

    TREASURER

    Total calculated
    $221,395
    From this org
    $0
    From related orgs
    $226,372
    Other
    -$4,977
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $196,843 related
    Bonus
    $0 + $28,346 related
    Other
    $0 + $1,183 related
    Deferred
    $0 + -$24,304 related
    Nontaxable benefits
    $0 + $19,327 related
    Filer's total
    $0 + $221,395 related

  • Lisa D Parks

    SECRETARY

    Total calculated
    $6,729
    From this org
    $0
    From related orgs
    $80,964
    Other
    -$74,235
    Hours/week
    1 + 42 related

  • Amelia S Black

    FORMER OFFICER

    Total calculated
    $443,746
    From this org
    $0
    From related orgs
    $448,444
    Other
    -$4,698
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $316,420 related
    Bonus
    $0 + $126,985 related
    Other
    $0 + $5,039 related
    Deferred
    $0 + -$37,358 related
    Nontaxable benefits
    $0 + $32,660 related
    Filer's total
    $0 + $443,746 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

  • 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)

PART I, LINE 3
SENTARA HEALTH, THE 501(C)(3) TAX EXEMPT PARENT OF THE SENTARA HEALTH SYSTEM, ESTABLISHED THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL THROUGH THE USE OF AN INDEPENDENT COMPENSATION CONSULTANT AND A COMPENSATION STUDY. SENTARA HEALTH RECOGNIZES THAT PROVIDING THE BEST POSSIBLE CARE REQUIRES US TO ATTRACT AND RETAIN THE VERY BEST EMPLOYEES. OUR ORGANIZATION IS COMMITTED TO INVESTING IN OUR PEOPLE BY OFFERING COMPETITIVE COMPENSATION OPPORTUNITIES AND A STRONG WORKPLACE ENVIRONMENT.
PART I, LINE 4B
RITA BUNCH PARTICIPATED IN THE SENTARA CAPITAL ACCUMULATION ACCOUNT PLAN. THE CAPITAL ACCUMULATION PLAN IS A NONQUALIFIED DEFERRED COMPENSATION PROGRAM. SUCH PLANS ARE COMMONLY OFFERED TO NOT-FOR-PROFIT HEALTH CARE EXECUTIVES TO PROVIDE ADDITIONAL RETIREMENT BENEFITS TO SUPPLEMENT LIMITATIONS IN QUALIFIED PLANS. PARTICIPATION IS LIMITED TO A SELECT GROUP OF CORPORATE EXECUTIVES AS APPROVED BY THE ORGANIZATION'S SENTARA HEALTH'S BOARD OF DIRECTOR'S COMPENSATION COMMITTEE. TERMS OF THE PLAN CHANGED EFFECTIVE JANUARY 1, 2009, WHEREBY VESTING OF CONTRIBUTIONS MADE ON OR AFTER THAT DATE NOW OCCURS ON THE EARLIER OF FIVE YEARS FOR EACH YEARS' CONTRIBUTIONS OR AGE 55 WITH 10 YEARS OF SERVICE. UNDER THE OLD TERMS, VESTING OF CONTRIBUTIONS MADE PRIOR TO JANUARY 1, 2009 OCCURS ON THE EARLIEST OF ASSIGNED DISTRIBUTION DATE, DEATH, INVOLUNTARY TERMINATION WITHOUT CAUSE OR COMPLETION OF TWO-YEAR NON-COMPETE AFTER VOLUNTARY TERMINATION (REGARDLESS OF ORIGINAL ASSIGNED DISTRIBUTION DATE).

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.

  • MANAGEMENT SERVICES LLC

    HLTH MGT SV · VA

  • OBICI REAL ESTATE HOLDINGS LLC

    RE RENTAL · VA

  • PRINCESS ANNE AMB SURG MGT LLC

    HEALTHCARE · VA

  • VA BEACH AMBULATORY SURGERY CENTER

    HEALTHCARE · VA

  • CANCER CENTERS OF VA LLC

    HEALTHCARE · VA

  • HAMPTON ROADS LITHOTRIPSY LLC

    HEALTHCARE · VA

  • RADIOLOGY SERVICES OF HAMPTON ROADS LC

    HEALTHCARE · VA

  • SENTARA OBICI AMBULATORY SURGERY LLC

    HEALTHCARE · VA

  • POTOMAC INOVA HEALTHCARE ALLIANCE LLC

    HEALTHCARE · VA

  • CAREPLEX ORTHOPAEDIC ASC LLC

    HEALTHCARE · VA

  • PHYSICAL THERAPY ACACLLC

    HEALTHCARE · VA

  • MNS SUPPLY CHAIN NETWORK LLC

    GPO · DE

  • LAKE RIDGE AMBULATORY SURGERY CENTER LLC

    HEALTHCARE · VA

  • CAHABA PARTNERS CORE FIXED INCOME FUND

    POOLED INV FD · DE

  • CAHABA PARTNERS PUBLIC INFLATION HEDGES FD

    POOLED INV FD · DE

  • LEIGH ORTHOPEDIC SURGERY CENTER LLC

    HEALTHCARE · VA

  • SURGICAL SUITES OF COASTAL VIRGINIA LLC

    HEALTHCARE · VA

  • PORT WARWICK SURGERY CENTER LLC

    HEALTHCARE · VA

  • CAHABA PARTNERS EQUITY PLUS FUND

    POOLED INV FD · DE

  • CAHABA PARTNERS TACTICAL EQUITY FUND

    POOLED INV FD · DE

  • HA INTL EQUITY CEF FD CL-A

    POOLED INV FD · DE

Related corporations and trusts

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

  • SENTARA HOLDINGS INC

    C · HOLDING COMPANY · VA · controlled entity

  • SENTARA HEALTH ADMINISTRATION INC (FORMERLY SENTARA HEALTH PLANS INC)

    C · TPA · VA · controlled entity

  • OPTIMA HEALTH GROUP

    C · HMO · VA · controlled entity

  • SENTARA HEALTH INSURANCE COMPANY (FORMERLY OPTIMA HEALTH INSURANCE COMPANY)

    C · HEALTH INSURANCE · VA · controlled entity

  • SENTARA BEHAVIORAL HEALTH SERVICES (FKA OPTIMA BEHAVIORAL HEALTH SERVICES)

    C · MENTAL HEALTH SVCS · VA · controlled entity

  • SENTARA VENTURES INC

    C · HOLDING COMPANY · VA · controlled entity

  • SENTARA HEALTH INSURANCE CO OF NC

    C · HEALTH INSURANCE · NC · controlled entity

  • SENTARA HEALTH PLANS OF NC INC

    C · TPA · NC · controlled entity

  • MANAGED CARE SERVICES INC

    C · ALT HEALTH DELIVERY · VA · controlled entity

  • SENTARA SOUTHSIDE HEALTH SERVICES INC

    C · HEALTH SERVICES · VA · controlled entity

  • DOMINION HEALTH MEDICAL ASSOCIATES LTD

    C · PHYS PRACTICE · VA · controlled entity

  • SMG INNOVATIONS INC

    C · HEALTHCARE · VA · controlled entity

  • POTOMAC VENTURES CORP

    C · HOLDING COMPANY · VA · controlled entity

  • ROCKINGHAM HEALTH SERVICES INC

    C · CONTRACTING SVCS · VA · controlled entity

  • MARTHA JEFFERSON MEDICAL ENTERPRISES INC

    C · MEDICAL BILLING SVCS · VA · controlled entity

  • BAY PRIMEX INSURANCE COMPANY LTD

    C · OTHER INSURANCE FUNDS · CJ · controlled entity

  • ALBEMARLE PHYSICIAN SERVICES-SENTARA INC

    C · PHYS PRACTICE · NC · controlled entity

  • THE PORT WARWICK MEDICAL ARTS BUILDING ASSOCIATION

    C · BUILDING ASSOCIATION · VA · controlled entity

  • MEDSTREAMING EGYPT SOFTWARE

    C · CONSULTING · EG · controlled entity

  • CAHABA PARTNERS TOTAL RETURN FUND LTD

    C · POOLED INV FD · CJ

  • FIVOS INC

    C · HEALTHCARE IT · DE · controlled entity

  • MEDICAL METRX HOLDING INC

    C · HOLDING COMPANY · DE · controlled entity

  • M2S INC

    C · DATA COLLECTION/AGGREGATION · DE · controlled entity

  • AVMED ADMINISTRATORS INC

    C · TPA SERVICES · FL

Provenance

Return type
form_990
Tax year
2022
Filed
8 November 2023
IRS schema version
2022v5.0
Source object
202323129349302512

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