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Nonprofiteer
← EMERSON PRACTICE ASSOCIATES INC

Form 990 for tax year 2022

Filed by EMERSON PRACTICE ASSOCIATES INC.

Totals

Total revenue
$50,780,356
Total expenses
$50,780,356
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$50,780,356
Investment income
$0
Other revenue
$0
Total assets, end of year
$9,114,760
Total liabilities, end of year
$9,114,760
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$0
Management and general expenses
$50,780,356
Fundraising expenses
$0
Program service expenses (Part III)
$50,780,356

Program services were 0.0% 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.

  • 2a · Program service revenue: PATIENT SERVICE REVENU

    total $50,780,356 · related or exempt $50,780,356

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $50,780,356 · management and general $50,780,356

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,955,405 · end of year $779,500

  • 4 · Accounts receivable

    beginning of year $7,313,388 · end of year $8,335,260

  • 25 · Other liabilities

    beginning of year $11,268,793 · end of year $9,114,760

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

PROVIDE ACCESS TO HIGH QUALITY AND COST EFFECTIVE PRIMARY AND SPECIALTY CARE IN THE COMMUNITIES SERVED BY EMERSON HOSPITAL

Activities or mission (Part I)

EMERSON PRACTICE ASSOCIATES, INC PROVIDES ACCESS TO HIGH QUALITY AND COST EFFECTIVE PRIMARY AND SPECIALIST CARE IN THE COMMUNITIES SERVED BY EMERSON HOSPITAL

  • PROVIDE ACCESS TO HIGH QUALITY AND COST EFFECTIVE PRIMARY AND SPECIALTY CARE IN THE COMMUNITIES SERVED BY EMERSON HOSPITAL

    Expenses $50,780,356 · Revenue $50,780,356

As filed on the 2022 return.

Listed in Part VII

  • Christine Schuster

    PRESIDENT, CEO

    Total calculated
    $1,687,109
    From this org
    $0
    From related orgs
    $1,437,869
    Other
    $249,240
    Hours/week
    58 + 2 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,116,860 related
    Bonus
    $0 + $317,308 related
    Other
    $0 + $3,701 related
    Deferred
    $0 + $249,240 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $1,687,109 related

  • Eric Stastny

    DIRECTOR

    Total calculated
    $701,614
    From this org
    $0
    From related orgs
    $610,128
    Other
    $91,486
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $498,180 related
    Bonus
    $0 + $111,138 related
    Other
    $0 + $810 related
    Deferred
    $0 + $59,664 related
    Nontaxable benefits
    $0 + $31,822 related
    Filer's total
    $0 + $701,614 related

  • Craig Nesta

    DIRECTOR

    Total calculated
    $360,308
    From this org
    $0
    From related orgs
    $328,486
    Other
    $31,822
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $284,072 related
    Bonus
    $0 + $43,172 related
    Other
    $0 + $1,242 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $31,822 related
    Filer's total
    $0 + $360,308 related

  • Michelle Dalencour MD

    DIRECTOR

    Total calculated
    $144,148
    From this org
    $0
    From related orgs
    $132,125
    Other
    $12,023
    Hours/week
    2 + 38 related

  • Barrett Kitch MD

    DIRECTOR

    Total calculated
    $613,587
    From this org
    $0
    From related orgs
    $558,149
    Other
    $55,438
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $462,363 related
    Bonus
    $0 + $93,375 related
    Other
    $0 + $2,411 related
    Deferred
    $0 + $55,438 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $613,587 related

  • Stephen Coco

    DIRECTOR

    Total calculated
    $570,226
    From this org
    $0
    From related orgs
    $552,335
    Other
    $17,891
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $525,013 related
    Bonus
    $0 + $25,000 related
    Other
    $0 + $2,322 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $17,891 related
    Filer's total
    $0 + $570,226 related

  • Jennifer Russo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 38 related

  • Scott Kelley MD

    PHYSICIAN

    Total calculated
    $772,701
    From this org
    $0
    From related orgs
    $748,931
    Other
    $23,770
    Hours/week
    0 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $643,139 related
    Bonus
    $0 + $105,000 related
    Other
    $0 + $792 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $23,770 related
    Filer's total
    $0 + $772,701 related

  • David Lautz MD

    PHYSICIAN

    Total calculated
    $1,578,081
    From this org
    $0
    From related orgs
    $1,541,659
    Other
    $36,422
    Hours/week
    0 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $786,064 related
    Bonus
    $0 + $753,273 related
    Other
    $0 + $2,322 related
    Deferred
    $0 + $4,600 related
    Nontaxable benefits
    $0 + $31,822 related
    Filer's total
    $0 + $1,578,081 related

  • Arthur Lee MD

    PHYSICIAN

    Total calculated
    $907,106
    From this org
    $0
    From related orgs
    $876,457
    Other
    $30,649
    Hours/week
    0 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $676,603 related
    Bonus
    $0 + $198,612 related
    Other
    $0 + $1,242 related
    Deferred
    $0 + $4,600 related
    Nontaxable benefits
    $0 + $26,049 related
    Filer's total
    $0 + $907,106 related

  • Mark Moschella MD

    PHYSICIAN

    Total calculated
    $734,905
    From this org
    $0
    From related orgs
    $708,856
    Other
    $26,049
    Hours/week
    0 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $656,534 related
    Bonus
    $0 + $50,000 related
    Other
    $0 + $2,322 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $26,049 related
    Filer's total
    $0 + $734,905 related

  • James Spinelli MD

    PHYSICIAN

    Total calculated
    $722,017
    From this org
    $0
    From related orgs
    $708,472
    Other
    $13,545
    Hours/week
    0 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $548,392 related
    Bonus
    $0 + $159,270 related
    Other
    $0 + $810 related
    Deferred
    $0 + $4,600 related
    Nontaxable benefits
    $0 + $8,945 related
    Filer's total
    $0 + $722,017 related

  • Scott Kosowicz

    FORMER - DIRECTOR

    Total calculated
    $239,979
    From this org
    $0
    From related orgs
    $239,979
    Other
    $0
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $218,531 related
    Bonus
    $0 + $21,328 related
    Other
    $0 + $120 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $239,979 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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 6b · Pay contingent on a related organization's net earnings

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
CHRISTINE SCHUSTER, ERIC STASTNY, CRAIG NESTA, BARRETT KITCH MD, MICHELLE DALENCOUR MD AND SCOTT KOSOWICZ ARE EMPLOYEES OF EMERSON HOSPITAL AND ARE ELIGIBLE TO PARTICIPATE IN THE FOLLOWING NONQUALIFIED RETIREMENT PLAN. EMERSON HOSPITAL OFFERS A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN TO A SELECT CLASS OF MANAGEMENT. SUPPLEMENTAL RETIREMENT INCOME IS ASSESSED BY AN INDEPENDENT ACTUARY TO DETERMINE ANNUAL CONTRIBUTION AMOUNTS BY EMERSON HOSPITAL. PLAN CONTRIBUTIONS BECOME INCOME TO THE PARTICIPANT BASED ON A CLIFF VESTING SCHEDULE, WHICH IS EVERY FIVE YEARS FROM THE DATE OF PLAN ENROLLMENT. THE FOLLOWING PERSONS PARTICIPATED IN A 457(F) SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. CHRISTINE SCHUSTER $224,140 ERIC STASTNY $34,564 BARRETT KITCH, MD $30,338
PART I, LINE 6
EMERSON HOSPITAL EXECUTIVES ARE ELEGIBLE TO RECEIVE INCENTIVE COMPENSATION IN THE AMOUNT OF 5% OF BASE SALARY IF THE ORGANIZATION ACHIEVES THE BOARD APPROVED BUDGETED GAIN FROM OPERATIONS FOR THE FISCAL 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

No itemized grants to organizations 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.

  • EMERSON HOSPITAL

    170(B)(1)(A)(III) · ACUTE CARE COMMUNITY HOSPITAL · MA

    Directly controlled by EMERSON HEALTH SYSTEM INC

  • EMERSON HEALTH SYSTEM

    509(A)(3) TYPE I · PROVIDE HEALTHCARE SUBSIDIARIES WITH MANAGEMENT TEAM · MA

  • EMERSON HEALTH CARE FOUNDATION

    509(A)(3) TYPE I · COORDINATE AND DEVELOP FUNDRAISING EFFORT FOR EMERSON HOSPITAL · MA

    Directly controlled by EMERSON HEALTH SYSTEM INC

  • EMERSON PRACTICE ASSOCIATES II

    509(A)(3) TYPE I · PROVIDE HIGH QUALITY AFFORDABLE HEALTH CARE FOR EMERSON HOSPITAL'S PATIENTS · MA

    Directly controlled by EMERSON HEALTH SYSTEM INC

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 corporations and trusts

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

  • EMERSON PROPERTY DEVELOPMENT CORP

    C · PROPERTY MANAGEMENT · MA · share of income $21,176 · share of assets $83,734

    Directly controlled by EMERSON HEALTH SYSTEM INC

  • EMERSON OCCUPATIONAL HEALTH SERVICES

    C · HEALTH SERVICES · MA · share of income $10,370

    Directly controlled by EMERSON HEALTH SYSTEM INC

Provenance

Return type
form_990
Tax year
2022
Filed
7 August 2024
IRS schema version
2022v5.0
Source object
202412279349302661

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