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Nonprofiteer
← THE PHYSICIANS FOUNDATION INC

Form 990 for tax year 2022

Filed by THE PHYSICIANS FOUNDATION INC.

Totals

Total revenue
$2,696,008
Total expenses
$5,991,214
Contributions and grants received
$0
Grants paid
$2,041,246
Program service revenue
$0
Investment income
$2,693,883
Other revenue
$2,125
Total assets, end of year
$110,470,672
Total liabilities, end of year
$2,436,355
Net assets or fund balances, end of year
$108,034,317
Program services expenses (Part IX)
$4,911,884
Management and general expenses
$1,079,330
Fundraising expenses
$0
Program service expenses (Part III)
$4,911,884

Program services were 82.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • GARY PRICE MD

    CHAIRMAN

    Total calculated
    $100,000
    From this org
    $100,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • SUBHI ALI MD

    TREASURER

    Total calculated
    $14,000
    From this org
    $14,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • SANDRA JOHNSON

    MEMBER

    Total calculated
    $12,000
    From this org
    $12,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • RUSSELL LIBBY MD

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • RIP HOLLISTER MD

    MEMBER

    Total calculated
    $12,000
    From this org
    $12,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • RALPH NOBO MD

    MEMBER

    Total calculated
    $12,000
    From this org
    $12,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • PHIL SCHUH

    MEMBER

    Total calculated
    $9,000
    From this org
    $9,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5 + 40 related

  • PAUL HARRINGTON

    MEMBER

    Total calculated
    $12,000
    From this org
    $12,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • PALMER JONES

    MEMBER

    Total calculated
    $12,000
    From this org
    $12,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • JOSEPH VALENTI MD

    MEMBER

    Total calculated
    $12,000
    From this org
    $12,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • JENNIFER HANSCOM

    MEMBER

    Total calculated
    $381,188
    From this org
    $12,000
    From related orgs
    $347,587
    Other
    $21,601
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $12,000 + $312,430 related
    Bonus
    $0 + $28,157 related
    Other
    $0 + $7,000 related
    Deferred
    $0 + $9,150 related
    Nontaxable benefits
    $0 + $12,451 related
    Filer's total
    $12,000 + $369,188 related

  • DUSTIN CORCORAN

    MEMBER

    Total calculated
    $1,183,630
    From this org
    $12,000
    From related orgs
    $1,062,000
    Other
    $109,630
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $12,000 + $1,062,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $109,630 related
    Filer's total
    $12,000 + $1,171,630 related

  • DON ALEXANDER

    MEMBER

    Total calculated
    $12,000
    From this org
    $12,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • ALEX MALTER MD

    MEMBER

    Total calculated
    $12,000
    From this org
    $12,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • LARRY DOWNS

    SECRETARY

    Total calculated
    $263,804
    From this org
    $14,000
    From related orgs
    $249,804
    Other
    $0
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $14,000 + $240,196 related
    Bonus
    $0
    Other
    $0 + $9,608 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $14,000 + $249,804 related

  • LAWRENCE BRAUD MD

    VICE PRESIDENT

    Total calculated
    $14,000
    From this org
    $14,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • MARCH SEABROOK

    MEMBER

    Total calculated
    $12,000
    From this org
    $12,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5 + 5 related

  • HURSHELL BAGGETT

    MEMBER

    Total calculated
    $360,408
    From this org
    $9,000
    From related orgs
    $300,841
    Other
    $50,567
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $9,000 + $300,841 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $33,900 related
    Nontaxable benefits
    $0 + $16,667 related
    Filer's total
    $9,000 + $351,408 related

  • JERRY VAN METER

    MEMBER

    Total calculated
    $12,000
    From this org
    $12,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • JOY MAXEY

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • MICHAEL DARROUZET

    MEMBER

    Total calculated
    $671,763
    From this org
    $0
    From related orgs
    $629,216
    Other
    $42,547
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $567,000 related
    Bonus
    $0 + $28,350 related
    Other
    $0 + $33,866 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $12,047 related
    Filer's total
    $0 + $671,763 related

  • JOHN DORMAN

    COO

    Total calculated
    $654,941
    From this org
    $110,000
    From related orgs
    $471,874
    Other
    $73,067
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $110,000 + $401,797 related
    Bonus
    $0 + $20,090 related
    Other
    $0 + $49,987 related
    Deferred
    $0 + $61,000 related
    Nontaxable benefits
    $0 + $12,067 related
    Filer's total
    $110,000 + $544,941 related

  • ROBERT SELIGSON

    CEO

    Total calculated
    $312,500
    From this org
    $312,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 15 related

    Schedule J breakdown matched by us

    Base
    $312,500
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $312,500

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

  • 3 · Independent compensation consultant
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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

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

The 10 largest by cash amount. The API serves every itemized grant.

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
20 October 2023
IRS schema version
2022v5.0
Source object
202312939349301826

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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