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← METHODIST HEALTHCARE FOUNDATION

Form 990 for tax year 2023

Filed by METHODIST HEALTHCARE FOUNDATION.

Totals

Total revenue
$4,659,980
Total expenses
$5,569,523
Contributions and grants received
$5,437,694
Grants paid
$4,158,938
Program services expenses (Part IX)
$4,164,918
Management and general expenses
$1,231,138
Fundraising expenses
$173,467
Program service expenses (Part III)
$4,164,918

Program services were 74.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Michael Drake

    Vice Chair

    Total calculated
    $0
    Hours/week
    2

  • Roshun Austin

    Assistant Secretary

    Total calculated
    $0
    Hours/week
    2

  • Sally Aldrich

    Assistant Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Wilson Moore

    Board Chair

    Total calculated
    $0
    Hours/week
    2

  • Zachary Pretzer

    PRESIDENT

    Total calculated
    $223,372
    From this org
    $179,042
    From related orgs
    $0
    Other
    $44,330
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,671
    Bonus
    $0
    Other
    $2,371
    Deferred
    $21,784
    Nontaxable benefits
    $22,546
    Filer's total
    $223,372

  • Casey Condra

    Board Director

    Total calculated
    $0
    Hours/week
    2

  • Dana Armstrong

    Board Director

    Total calculated
    $0
    Hours/week
    2

  • David Hankins

    Board Director

    Total calculated
    $0
    Hours/week
    2

  • Dr Schorr Behnke

    Board Director

    Total calculated
    $0
    Hours/week
    2

  • Jane George

    Board Director

    Total calculated
    $0
    Hours/week
    2

  • Karen Garner

    Board Director

    Total calculated
    $0
    Hours/week
    2

  • Wes Barnett

    Board Director

    Total calculated
    $0
    Hours/week
    2

  • Yvonne Madlock

    Board Director

    Total calculated
    $0
    Hours/week
    2

  • Charles Lane

    Treasurer

    Total calculated
    $853,861
    From this org
    $0
    From related orgs
    $711,411
    Other
    $142,450
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $639,602 related
    Bonus
    $0
    Other
    $0 + $71,809 related
    Deferred
    $0 + $117,835 related
    Nontaxable benefits
    $0 + $24,615 related
    Filer's total
    $0 + $853,861 related

  • Monica Wharton

    SECRETARY

    Total calculated
    $776,441
    From this org
    $0
    From related orgs
    $641,917
    Other
    $134,524
    Hours/week
    2 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $561,748 related
    Bonus
    $0
    Other
    $0 + $80,169 related
    Deferred
    $0 + $110,409 related
    Nontaxable benefits
    $0 + $24,115 related
    Filer's total
    $0 + $776,441 related

  • Leanne McQuown

    Director/Major Gifts/Foundation

    Total calculated
    $147,630
    From this org
    $117,207
    From related orgs
    $0
    Other
    $30,423
    Hours/week
    40

  • Lori Kessler

    Admin. Dir. Med Educ. & Research

    Total calculated
    $220,437
    From this org
    $185,577
    From related orgs
    $0
    Other
    $34,860
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,412
    Bonus
    $0
    Other
    $2,165
    Deferred
    $11,351
    Nontaxable benefits
    $23,509
    Filer's total
    $220,437

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 — 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)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
THE BOARD OF METHODIST LE BONHEUR HEALTHCARE, A RELATED ORGANIZATION AND CORPORATE OVERSIGHT ENTITY, CONDUCTS THE FOLLOWING METHODS TO ESTABLISH COMPENSATION FOR ITS OFFICERS AND KEY EMPLOYEES: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - FORM 990 OF OTHER ORGANIZATIONS - WRITTEN EMPLOYMENT CONTRACT - COMPENSATION STUDY / SURVEY - APPROVAL BY THE BOARD / COMPENSATION COMMITTEE
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
THE PURPOSE OF THE METHODIST LE BONHEUR HEALTHCARE CONSOLIDATED EXECUTIVE DEFERRED COMPENSATION PLAN IS TO PROVIDE RETIREMENT BENEFITS FOR CERTAIN EXECUTIVE LEVEL EMPLOYEES IN ADDITION TO THE BENEFITS PROVIDED THROUGH THE OTHER RETIREMENT PLANS THAT ARE SPONSORED BY THE COMPANY. IT IS INTENDED THAT THIS PLAN COMPLY WITH INTERNAL REVENUE CODE SECTION 457(F) AND QUALIFY FOR THE SHORT-TERM DEFERRAL EXCEPTION TO CODE SECTION 409A. UNDER THE PLAN, CORPORATE EXECUTIVES AT OR ABOVE THE VICE PRESIDENT LEVEL ARE ELIGIBLE TO RECEIVE EXECUTIVE DEFERRED COMPENSATION CREDITS DEPENDING ON THEIR POSITION CLASSIFICATION [6%,8%,10%,12%, 15%, 25%OF BASE SALARY]. EACH PLAN YEAR, THE EXECUTIVE MUST ELECT A DEFERRED VESTING DATE TO BE APPLIED TO THE DEFERRED COMPENSATION CREDIT THAT WILL BE EARNED IN THAT PLAN YEAR. THE DEFERRED VESTING DATE IS SUBJECT TO A VESTING SCHEDULE THAT REQUIRES A MINIMUM DEFERRAL OF 5 YEARS TO BECOME VESTED. UPON REACHING AGE 55, THE MINIMUM DEFERRAL IS REDUCED TO 3 YRS. UPON REACHING AGE 60, THE MINIMUM DEFERRAL IS REDUCED TO 2 YRS. AT AGE 64, A CASH EQUIVALENT IS PROVIDED TO THE EXECUTIVE AND NO ADDITIONAL DEFERRALS ARE MADE UNDER THIS PLAN. RESTORATION BENEFIT PARTICIPANTS THAT WERE NEGATIVELY IMPACTED BY FREEZING THE RESTORATION PLAN WERE PROVIDED WITH AN ADDITIONAL ANNUAL EDCP CONTRIBUTION UNTIL AGE 65 DESIGNED TO KEEP THEM WHOLE. THE PLAN IS UNFUNDED WITH ALL BENEFITS PAID FROM THE COMPANY'S GENERAL ASSETS. HOWEVER, THE EXECUTIVE IS ALLOWED TO DIRECT THE INVESTMENTS OF HIS OR HER DEFERRED COMPENSATION CREDIT IN A MENU OF INVESTMENT ALTERNATIVES MADE AVAILABLE BY THE COMPANY. UPON VESTING, A DISTRIBUTION IS PROVIDED LESS APPLICABLE TAX. IN THE CASE OF A VOLUNTARY TERMINATION OF EMPLOYMENT BY THE EXECUTIVE OR INVOLUNTARY TERMINATION OF EMPLOYMENT FOR CAUSE BY THE COMPANY, THE NON-VESTED FUNDS ARE FORFEITED. ACCELERATED VESTING (100%) IS ALLOWED UPON DEATH, DISABILITY OR AN INVOLUNTARY TERMINATION BY THE COMPANY WITHOUT CAUSE. ALLOCATIONS TO THE 457(F) PLAN FOR THE YEAR INCLUDE THE FOLLOWING: $10,892 - ZACHARY PRETZER $98,035 - CHARLES LANE $98,110 - MONICA WHARTON IN ADDITION, THE FOLLOWING INDIVIDUALS RECEIVED 457(F) PAYOUTS. THIS AMOUNT REPRESENTS THE FULLY VESTED PORTION PURSUANT TO THE 457(F) PLAN. THIS AMOUNT WAS REFLECTED IN COLUMN (C) ON THE PRIOR YEARS FORM 990 AS REQUIRED. PAYOUTS FROM THE PLAN FOR THE YEAR INCLUDE THE FOLLOWING: $67,255 - CHARLES LANE $76,607 - MONICA WHARTON IN ADDITION, EXECUTIVES RECEIVED AN EXECUTIVE RETIREMENT LUMP SUM PAYOUT. ONCE AN EXECUTIVE REACHES THE AGE OF 64 THEN THEY ARE NO LONGER ELIGIBLE TO PARTICIPATE IN THE 457(F) PLAN. A LUMP SUM IS PAID ANNUALLY ON THE LAST PAY PERIOD OF THE YEAR, EQUIVALENT TO THE CONTRIBUTION THAT WOULD HAVE BEEN MADE TO THE 457(F) PLAN. THIS AMOUNT REPRESENTS THE FULLY VESTED PORTION PURSUANT TO THE 457(F) PLAN. THIS AMOUNT WAS REFLECTED IN COLUMN (C) ON THE PRIOR YEAR'S FORM 990 AS REQUIRED. PAYOUTS FROM THE EXECUTIVE RETIREMENT PLAN FOR THE YEAR INCLUDE THE FOLLOWING: NO PAYOUTS DURING TAX YEAR

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
2023
Filed
18 October 2024
IRS schema version
2023v5.1
Source object
202432929349301328

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

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