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Nonprofiteer
← MADISON STREET PROPERTIES INC

Form 990 for tax year 2022

Filed by MADISON STREET PROPERTIES INC.

Totals

Total revenue
$40,794,206
Total expenses
$41,793,221
Contributions and grants received
$0
Grants paid
$248,532
Program service revenue
$40,527,731
Investment income
$18,991
Other revenue
$247,484
Total assets, end of year
$195,209,302
Total liabilities, end of year
$174,043,223
Net assets or fund balances, end of year
$21,166,079
Program services expenses (Part IX)
$36,374,348
Management and general expenses
$5,418,873
Fundraising expenses
$0
Program service expenses (Part III)
$36,374,348

Program services were 87.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • BRADLEY L SCHLAGGAR MD PHD

    PRESIDENT & CEO

    Total calculated
    $1,003,784
    From this org
    $108,257
    From related orgs
    $849,603
    Other
    $45,924
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $64,320 + $504,784 related
    Bonus
    $19,665 + $154,335 related
    Other
    $24,272 + $190,484 related
    Deferred
    $1,551 + $12,174 related
    Nontaxable benefits
    $3,639 + $28,560 related
    Filer's total
    $113,447 + $890,337 related

  • NANCY GRASMICK ED D

    CHAIR WOMAN

    Total calculated
    $95,660
    From this org
    $0
    From related orgs
    $86,180
    Other
    $9,480
    Hours/week
    1 + 15 related

  • RONALD R PETERSON

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • RICHARD W CASS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • JAMES M ANDERS JR

    SECRETARY

    Total calculated
    $990,960
    From this org
    $107,911
    From related orgs
    $846,893
    Other
    $36,156
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $64,940 + $509,650 related
    Bonus
    $19,665 + $154,335 related
    Other
    $23,306 + $182,908 related
    Deferred
    $2,068 + $16,232 related
    Nontaxable benefits
    $2,018 + $15,838 related
    Filer's total
    $111,997 + $878,963 related

  • MICHAEL J NEUMAN

    TREASURER

    Total calculated
    $549,310
    From this org
    $58,067
    From related orgs
    $455,713
    Other
    $35,530
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $44,643 + $350,355 related
    Bonus
    $7,346 + $57,654 related
    Other
    $6,078 + $47,704 related
    Deferred
    $2,065 + $16,209 related
    Nontaxable benefits
    $1,950 + $15,306 related
    Filer's total
    $62,082 + $487,228 related

  • RAYMOND SHORT

    VP OF HUMAN RESOURCES

    Total calculated
    $513,314
    From this org
    $52,211
    From related orgs
    $409,755
    Other
    $51,348
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $36,022 + $282,704 related
    Bonus
    $5,086 + $39,914 related
    Other
    $11,103 + $87,137 related
    Deferred
    $2,068 + $16,232 related
    Nontaxable benefits
    $3,735 + $29,313 related
    Filer's total
    $58,014 + $455,300 related

  • VALERIE BONHAM

    VP OF GENERAL COUNSEL

    Total calculated
    $393,093
    From this org
    $39,501
    From related orgs
    $310,011
    Other
    $43,581
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $32,694 + $256,584 related
    Bonus
    $2,825 + $22,175 related
    Other
    $3,982 + $31,252 related
    Deferred
    $1,546 + $12,132 related
    Nontaxable benefits
    $3,380 + $26,523 related
    Filer's total
    $44,427 + $348,666 related

  • GEORGE THOMAS

    VP OF FACILITIES

    Total calculated
    $321,373
    From this org
    $296,218
    From related orgs
    $0
    Other
    $25,155
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $234,428
    Bonus
    $30,000
    Other
    $31,790
    Deferred
    $16,527
    Nontaxable benefits
    $8,628
    Filer's total
    $321,373

  • BONNIE KNIGHT

    DIRECTOR OF PLANNING & ENG

    Total calculated
    $206,847
    From this org
    $188,826
    From related orgs
    $0
    Other
    $18,021
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,479
    Bonus
    $12,000
    Other
    $9,347
    Deferred
    $8,193
    Nontaxable benefits
    $9,828
    Filer's total
    $206,847

  • DEBRA GRIMM

    ASST VP OF FACILITIES

    Total calculated
    $187,962
    From this org
    $151,033
    From related orgs
    $0
    Other
    $36,929
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,465
    Bonus
    $6,500
    Other
    $8,068
    Deferred
    $9,544
    Nontaxable benefits
    $27,385
    Filer's total
    $187,962

  • DANIEL HENDRICKSON

    DIRECTOR OF SAFETY

    Total calculated
    $154,506
    From this org
    $137,478
    From related orgs
    $0
    Other
    $17,028
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,478
    Bonus
    $5,000
    Other
    $0
    Deferred
    $8,400
    Nontaxable benefits
    $8,628
    Filer's total
    $154,506

  • EDDIE MOORE

    CARPENTER

    Total calculated
    $134,836
    From this org
    $101,865
    From related orgs
    $0
    Other
    $32,971
    Hours/week
    40

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

  • 1a · Tax indemnification and gross-up payments
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 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

The filer's explanations (Part III)

PART I, LINE 1A
OFFICERS AND KEY EMPLOYEES WERE PROVIDED ADDITIONAL COMPENSATION TO OFFSET THE IMPACT OF EXECUTIVE LIFE INSURANCE AND LONG TERM DISABILITY PREMIUMS MADE ON THEIR BEHALF. THIS BENEFIT WAS TREATED AS TAXABLE COMPENSATION TO THESE INDIVIDUALS.

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.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
7 May 2024
IRS schema version
2022v5.0
Source object
202431319349300648

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