Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $3,445,607

• 1f · All other contributions, gifts and grants

  $1,230,494

• 2a · Program service revenue: PATIENT SERVICE REVENUE

  total $179,629,864 · related or exempt $179,629,864

• 2b · Program service revenue: EDUCATIONAL & RESIDENTIAL REVENUE

  total $99,224,452 · related or exempt $99,224,452

• 2c · Program service revenue: SHEPPARD PRATT SOLUTIONS

  total $9,964,661 · related or exempt $9,964,661

• 3 · Investment income

  total $508,652 · excluded $508,652

• 6a · Gross rents

  real property $171,907

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $171,907

• 6d · Net rental income or loss

  total $171,907 · excluded $171,907

• 7a · Gross sales of assets other than inventory

  securities $15,262,370 · other assets $9,800

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

  securities $15,171,912 · other assets $0

• 7c · Gain or loss

  securities $90,458 · other assets $9,800

• 7d · Net gain or loss

  total $100,258 · excluded $100,258

• 11a · Other revenue: INTERCORP. REVENUE/SHARED SERVICE

  total $24,319,989 · related or exempt $3,601,861 · excluded $20,718,128

• 11b · Other revenue: OTHER REVENUE-CAFETERIA

  total $567,818 · excluded $567,818

• 11c · Other revenue: SCHOOL REVENUE

  total $353,060 · related or exempt $353,060

• 11d · All other revenue

  total $118,591 · excluded $118,591

• 11e · Other revenue, total

  $25,359,458

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $5,412,369 · program services $541,237 · management and general $4,871,132

• 6 · Compensation of disqualified persons

  total $1,269,866 · program services $126,987 · management and general $1,142,879

• 7 · Other salaries and wages

  total $161,763,957 · program services $150,910,920 · management and general $10,853,037

• 8 · Pension plan contributions

  total $6,639,931 · program services $3,869,365 · management and general $2,770,566

• 9 · Other employee benefits

  total $16,745,489 · program services $13,254,153 · management and general $3,491,336

• 10 · Payroll taxes

  total $11,920,629 · program services $9,785,184 · management and general $2,135,445

• 11b · Fees: legal

  total $983,730 · program services $74,857 · management and general $908,873

• 11c · Fees: accounting

  total $521,691 · management and general $521,691

• 11d · Fees: lobbying

  total $226,912 · management and general $226,912

• 11f · Fees: investment management

  total $159,798 · management and general $159,798

• 11g · Fees: other

  total $28,876,187 · program services $23,502,066 · management and general $5,374,121

• 12 · Advertising and promotion

  total $4,567,555 · program services $2,575,221 · management and general $1,992,334

• 13 · Office expenses

  total $6,070,513 · program services $5,134,055 · management and general $936,458

• 14 · Information technology

  total $8,384,873 · program services $331,362 · management and general $8,053,511

• 16 · Occupancy

  total $11,328,795 · program services $6,396,131 · management and general $4,932,664

• 17 · Travel

  total $1,054,100 · program services $825,513 · management and general $228,587

• 19 · Conferences, conventions and meetings

  total $1,774 · program services $659 · management and general $1,115

• 20 · Interest

  total $4,928,221 · program services $4,682,555 · management and general $245,666

• 22 · Depreciation, depletion and amortization

  total $20,283,473 · program services $15,971,762 · management and general $4,311,711

• 23 · Insurance

  total $4,056,581 · program services $2,850,990 · management and general $1,205,591

• 24a · Other expenses: REPAIRS AND MAINTENANCE

  total $6,048,402 · management and general $6,048,402

• 24b · Other expenses: FOOD SERVICE EXPENSE

  total $4,190,572 · program services $4,159,909 · management and general $30,663

• 24c · Other expenses: MINOR ART AND EQUIPMENT

  total $1,235,687 · program services $1,017,197 · management and general $218,490

• 24d · Other expenses: CLIENT ASSISTANCE

  total $887,005 · program services $887,005

• 24e · All other expenses

  total $1,506,990 · program services $229,738 · management and general $1,277,252

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $23,176,245 · end of year $70,418,899

• 3 · Pledges and grants receivable

  beginning of year $2,319,528 · end of year $199,917

• 4 · Accounts receivable

  beginning of year $23,184,920 · end of year $24,567,775

• 8 · Inventories for sale or use

  beginning of year $357,106 · end of year $362,511

• 9 · Prepaid expenses and deferred charges

  beginning of year $7,374,555 · end of year $10,100,678

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

  $535,042,148

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

  $279,341,645

• 10c · Land, buildings and equipment, net

  beginning of year $265,243,876 · end of year $255,700,503

• 12 · Investments: other securities

  beginning of year $40,363,393 · end of year $37,416,899

• 15 · Other assets

  beginning of year $39,892,390 · end of year $31,752,495

• 17 · Accounts payable and accrued expenses

  beginning of year $29,388,530 · end of year $41,981,075

• 19 · Deferred revenue

  beginning of year $3,151,061 · end of year $7,628,006

• 20 · Tax-exempt bond liabilities

  beginning of year $156,275,996 · end of year $151,737,000

• 23 · Secured mortgages and notes payable

  beginning of year $27,702 · end of year $27,702

• 25 · Other liabilities

  beginning of year $25,247,576 · end of year $25,288,325

• 27 · Net assets without donor restrictions

  beginning of year $177,397,902 · end of year $194,299,384

• 28 · Net assets with donor restrictions

  beginning of year $10,423,246 · end of year $9,558,185

The filer's explanations (Part III)

PART I, LINE 4B

DURING CALENDAR YEAR 2023, THE FOLLOWING PARTICIPATED IN SHEPPARD PRATT'S SUPPLEMENTAL EXECUTIVE DEFERRED COMPENSATION PLAN ("SERP"): HARSH TRIVEDI, MD, MBA $ 50,000 KELLY SAVOCA $ 25,000 TODD PETERS, MD $ 25,000 GREGORY B GATTMAN $ 25,000 JENNIFER W. WILKERSON $ 25,000 KAREN ROBERTSON-KECK $ 25,000 JEFFREY RICHARDSON $ 25,000 DONNA RICHARDSON $ 20,000 DURING THE CALENDAR YEAR, THE FOLLOWING INDIVIDUALS RECEIVED PAYMENTS AS PART OF THEIR PARTICIPATION IN SHEPPARD PRATT'S SERP PLAN: TODD PETERS, MD $ 28,321 KELLY SAVOCA $ 28,321 GREGORY B GATTMAN $ 73,282 JEFFREY RICHARDSON $75,709 DONNA RICHARDSON $60,684 KAREN ROBERTSON-KECK $74,869

PART I, LINE 7

TOP MANAGEMENT COMPENSATION INCLUDES AN ANNUAL INCENTIVE PLAN THAT PROVIDES ADDITIONAL COMPENSATION BASED ON THE ACHIEVEMENT OF ORGANIZATION GOALS AND METRICS INCLUDING FINANCIAL AND NON-FINANCIAL MEASURES. THE PLAN IS APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• SHEPPARD PRATT NON-CONTRACTED SERVICES LLC

  PSYCHIATRIC SERVICES · MD · income $89,160,514 · assets $29,653,258

  Directly controlled by SHEPPARD PRATT HEALTH SYSTEM INC

Related corporations and trusts

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

• SHEPPARD PRATT PREFERRED RESOURCES INC

  C · INACTIVE · MD

• SHEPPARD PRATT ASSURANCE COMPANY LLC

  C · INSURANCE · CJ · 100% owned · share of income -$87,370 · share of assets $7,206,624 · controlled entity

  Directly controlled by SHEPPARD PRATT HEALTH SYSTEM INC

• OMNI HOUSE INC

  C · RENTAL FACILITIES FOR MENTAL HEALTH · MD