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← CHMC CARDIOVASCULAR SURGICAL FOUNDATION INCORPORATED

Form 990 for tax year 2024

Filed by CHMC CARDIOVASCULAR SURGICAL FOUNDATION INCORPORATED.

Totals

Total revenue
$36,837,695
Total expenses
$33,218,639
Contributions and grants received
$581,625
Grants paid
$4,346,104
Program services expenses (Part IX)
$29,548,397
Management and general expenses
$3,670,242
Fundraising expenses
$0
Program service expenses (Part III)
$29,548,397

Program services were 89.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ADITYA K KAZA MD

    CLERK

    Total calculated
    $1,099,328
    From this org
    $1,027,547
    From related orgs
    $0
    Other
    $71,781
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $930,642
    Bonus
    $0
    Other
    $96,905
    Deferred
    $23,554
    Nontaxable benefits
    $48,227
    Filer's total
    $1,099,328

  • PEDRO J DEL NIDO MD

    PRESIDENT

    Total calculated
    $3,554,490
    From this org
    $3,482,709
    From related orgs
    $0
    Other
    $71,781
    Hours/week
    55 + 5 related

    Schedule J breakdown matched by us

    Base
    $3,372,658
    Bonus
    $65,000
    Other
    $45,051
    Deferred
    $23,554
    Nontaxable benefits
    $48,227
    Filer's total
    $3,554,490

  • CHRISTOPHER W BAIRD MD

    TREASURER

    Total calculated
    $1,904,323
    From this org
    $1,832,542
    From related orgs
    $0
    Other
    $71,781
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $1,467,302
    Bonus
    $0
    Other
    $365,240
    Deferred
    $23,554
    Nontaxable benefits
    $48,227
    Filer's total
    $1,904,323

  • SITARAM M EMANI MD

    DIRECTOR

    Total calculated
    $1,948,881
    From this org
    $1,877,100
    From related orgs
    $0
    Other
    $71,781
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $1,467,302
    Bonus
    $0
    Other
    $409,798
    Deferred
    $23,554
    Nontaxable benefits
    $48,227
    Filer's total
    $1,948,881

  • FRANCIS FYNN-THOMPSON MD

    DIRECTOR

    Total calculated
    $1,205,690
    From this org
    $1,133,909
    From related orgs
    $0
    Other
    $71,781
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $904,790
    Bonus
    $0
    Other
    $229,119
    Deferred
    $23,554
    Nontaxable benefits
    $48,227
    Filer's total
    $1,205,690

  • NATHALIE ROY MD

    DIRECTOR

    Total calculated
    $951,612
    From this org
    $879,831
    From related orgs
    $0
    Other
    $71,781
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $760,795
    Bonus
    $0
    Other
    $119,036
    Deferred
    $23,554
    Nontaxable benefits
    $48,227
    Filer's total
    $951,612

  • DAVID HOGANSON MD

    DIRECTOR

    Total calculated
    $1,063,255
    From this org
    $991,474
    From related orgs
    $0
    Other
    $71,781
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $780,189
    Bonus
    $0
    Other
    $211,285
    Deferred
    $23,554
    Nontaxable benefits
    $48,227
    Filer's total
    $1,063,255

  • PHYSICIANS ORG AT CH INC

    INSTITUTIONAL TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JOHN E MAYER JR MD

    PHYSICIAN

    Total calculated
    $524,191
    From this org
    $452,410
    From related orgs
    $0
    Other
    $71,781
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $408,822
    Bonus
    $0
    Other
    $43,588
    Deferred
    $23,554
    Nontaxable benefits
    $48,227
    Filer's total
    $524,191

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

  • 1a · Tax indemnification and gross-up payments
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
THE FOUNDATION PROVIDES GROSS-UP PAYMENTS FOR MORTGAGE FORGIVENESS, TUITION PAYMENTS, LONG-TERM DISABILITY INSURANCE, AND CLUB DUES. THESE PAYMENTS ARE INCLUDED AS TAXABLE WAGES DURING THE YEAR. ALL PERMANENT FULL-TIME EMPLOYEES OF THE FOUNDATION ARE ELIGIBLE FOR THE GROSS-UP PAYMENTS.
PART I, LINE 4B
PART I, LINE 4B: THE FOUNDATION ESTABLISHED THE CHMC CARDIOVASCULAR SURGICAL 2005 SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (THE SERP), EFFECTIVE AS OF JANUARY 1, 2005, TO REWARD LICENSED PHYSICIAN EMPLOYEES WITH A BENEFIT BASED ON SERVICE. THE SERP'S SOURCES OF CONTRIBUTIONS ARE FROM EMPLOYER DISCRETIONARY AMOUNTS (IF ANY), SEVERANCE BENEFIT, AND ELECTIVE DEFERRALS. THE AMOUNTS ARE VESTED AFTER FIVE YEARS, ATTAINMENT OF AGE 63, DEATH, DISABILITY, OR CHANGE IN CONTROL. DURING THE YEAR ENDED SEPTEMBER 30, 2022 PAYMENTS WERE MADE TO THE PHYSICIAN WHO HAD VESTED IN THE PLAN BASED ON THE CRITERIA. THE FOUNDATION DID NOT MAKE ANY SERP PAYMENTS DURING THE YEAR ENDED SEPTEMBER 30, 2025. THE FOUNDATION HAS A DEFERRED COMPENSATION ARRANGEMENT UNDER A NONQUALIFIED DEFINED CONTRIBUTION PLAN TO PROVIDE SUPPLEMENTAL RETIREMENT BENEFITS TO CERTAIN EMPLOYEES. THE FOUNDATION DID NOT MAKE ANY DEFINED COMPENSATION PAYMENTS DURING THE YEAR ENDED SEPTEMBER 30, 2025.
PART I, LINE 7
BONUS COMPENSATION AMOUNTS ARE DETERMINED BY THE COMPENSATION COMMITTEE OF THE BOARD OF CHILDREN'S MEDICAL CENTER CORPORATION AND BOSTON CHILDREN'S HOSPITAL (THE HOSPITAL). THE AMOUNTS ARE DISCRETIONARY BASED ON JOB PERFORMANCE. BONUSES FOR THE CHIEF ARE REVIEWED AND APPROVED BY HOSPITAL LEADERSHIP INCLUDING THE CEO.

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
2024
IRS schema version
2024v5.5
Source object
202642129349301104

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