Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $593,850

• 1f · All other contributions, gifts and grants

  $7,266,427

• 1g · Noncash contributions included above

  $1,207,703

• 3 · Investment income

  total $1,163,092 · excluded $1,163,092

• 7a · Gross sales of assets other than inventory

  securities $2,170,905 · other assets $182,785

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

  securities $1,946,730 · other assets $327,785

• 7c · Gain or loss

  securities $224,175 · other assets -$145,000

• 7d · Net gain or loss

  total $79,175 · excluded $79,175

• 8a · Fundraising events: gross income

  $193,959

• 8a · Fundraising events: contributions included on line 1c

  $593,850

• 8b · Fundraising events: direct expenses

  $193,959

• 8c · Net income from fundraising events

  total $0

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $4,878,281 · program services $4,878,281

• 2 · Grants to domestic individuals

  total $109,000 · program services $109,000

• 5 · Compensation of officers, directors and key employees

  total $214,148 · fundraising $214,148

• 7 · Other salaries and wages

  total $816,460 · fundraising $816,460

• 8 · Pension plan contributions

  total $8,876 · fundraising $8,876

• 9 · Other employee benefits

  total $59,919 · fundraising $59,919

• 10 · Payroll taxes

  total $72,276 · fundraising $72,276

• 11b · Fees: legal

  total $980 · management and general $980

• 11c · Fees: accounting

  total $5,800 · management and general $5,800

• 11f · Fees: investment management

  total $29,780 · management and general $29,780

• 11g · Fees: other

  total $750,944 · management and general $285,184 · fundraising $465,760

• 12 · Advertising and promotion

  total $30,671 · fundraising $30,671

• 13 · Office expenses

  total $64,961 · fundraising $64,961

• 16 · Occupancy

  total $180,949 · management and general $180,949

• 19 · Conferences, conventions and meetings

  total $269,572 · fundraising $269,572

• 22 · Depreciation, depletion and amortization

  total $108,718 · management and general $108,718

• 24a · Other expenses: DONOR DEVELOPMENT

  total $78,684 · fundraising $78,684

• 24b · Other expenses: EDUCATION & PROF. DEV.

  total $6,796 · fundraising $6,796

• 24c · Other expenses: DUES, BOOKS & SUBS.

  total $1,267 · fundraising $1,267

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,066,698 · end of year $1,540,356

• 2 · Savings and temporary cash investments

  beginning of year $5,268,738 · end of year $7,623,251

• 3 · Pledges and grants receivable

  beginning of year $2,486,847 · end of year $3,073,610

• 9 · Prepaid expenses and deferred charges

  beginning of year $305,770 · end of year $171,855

• 10a · Land, buildings and equipment: cost or other basis

  $2,265,823

• 10b · Land, buildings and equipment: accumulated depreciation

  $443,677

• 10c · Land, buildings and equipment, net

  beginning of year $2,270,863 · end of year $1,822,146

• 11 · Investments: publicly traded securities

  beginning of year $18,716,267 · end of year $20,149,623

• 12 · Investments: other securities

  beginning of year $1,747,000 · end of year $1,817,000

• 15 · Other assets

  beginning of year $1,969,138 · end of year $1,876,347

• 17 · Accounts payable and accrued expenses

  beginning of year $86,294 · end of year $98,400

• 25 · Other liabilities

  beginning of year $11,660,401 · end of year $13,031,979

• 27 · Net assets without donor restrictions

  beginning of year $362,725 · end of year $4,419,590

• 28 · Net assets with donor restrictions

  beginning of year $21,721,901 · end of year $20,524,219

The filer's explanations (Part III)

PART I, LINE 1A

COMPENSATION FOR THE PRESIDENT AND TOP MANAGEMENT OFFICIALS IS DETERMINED BY THE EXECUTIVE COMPENSATION AND DEVELOPMENT COMMITTEE OF LUMINIS HEALTH, INC. THE EXECUTIVE COMPENSATION COMMITTEE DETERMINES THE PRESIDENT AND CHIEF EXECUTIVE OFFICER'S COMPENSATION FOLLOWING THE IRC SECTION 4958 REBUTTABLE PRESUMPTION TEST. ALL OTHER COMPENSATION IS DETERMINED THROUGH CONSULTATION WITH AN INDEPENDENT OUTSIDE COMPENSATION CONSULTING FIRM.

PART I, LINES 4A-B

DURING THE YEAR, KEVIN SMITH RECEIVED A SEVERANCE PAYMENT OF $82,192. THE FOLLOWING PARTICIPATED IN THE ORGANIZATION'S 457(F) PLAN: VICTORIA BAYLESS $364,929 TIMOTHY ADELMAN $37,010 KEVIN SMITH $22,599 THE FOLLOWING RECEIVED DISTRIBUTIONS FROM THE ORGANIZATION'S 457(F) PLAN: VICTORIA BAYLESS $280,257 TIMOTHY ADELMAN $19,803 JAN WOOD $51,838

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• ANNAPOLIS EXCHANGE LOT IV LLC

  COMMERCIAL REAL ESTATE LEASING · MD

• ANNAPOLIS EXCHANGE LOT V LLC

  MEDICAL REAL ESTATE LEASING · MD

• MEDICAL OFFICE LLC

  MEDICAL REAL ESTATE LEASING · MD

• KENT ISLAND MEDICAL ARTS LLC

  MEDICAL REAL ESTATE LEASING · MD

• ANNE ARUNDEL - SCA SURGICENTER LLC

  AMBULATORY SURGICENTER · MD

• ANNE ARUNDEL - SCA HOLDINGS LLC

  AMBULATORY SURGICENTER HOLDING COMPANY · MD

• DOCTORS REGIONAL CANCER CENTER LLC

  CANCER TREATMENT SERVICES FOR RESIDENTS OF PRINCE GEORGE'S COUNTY · MD

• MAGNOLIA GARDENS NURSING HOME

  NURSING HOME · MD

Related corporations and trusts

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

• PAVILION PARK INC

  C · REAL ESTATE LEASING · MD

• LUMINIS HEALTH CARE SERVICES INC

  C · MEDICAL SERVICES · MD

• COTTAGE INSURANCE COMPANY LTD

  C · CAPTIVE INSURER - PROFESSIONAL LIABILITY INSURANCE · CJ

• CHARITABLE REMAINDER TRUST (10)

  T · INVESTMENT TRUST · MD

• DOCTORS COMMUNITY HEALTH VENTURES INC

  C · WHOLLY OWNED FOR PROFIT ENTITY OF LUMINIS HEALTH DOCTORS COMMUNITY MED CTR · MD