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Nonprofiteer
← PEACEHEALTH SACRED HEART MEDICAL CENTER FOUNDATION

Form 990 for tax year 2023

Filed by PEACEHEALTH SACRED HEART MEDICAL CENTER FOUNDATION.

Totals

Total revenue
$5,326,231
Total expenses
$4,513,348
Contributions and grants received
$4,564,632
Grants paid
$4,318,522
Program service revenue
$0
Investment income
$725,537
Other revenue
$36,062
Total assets, end of year
$31,751,302
Total liabilities, end of year
$44,750
Net assets or fund balances, end of year
$31,706,552
Program services expenses (Part IX)
$4,318,522
Management and general expenses
$86,427
Fundraising expenses
$108,399
Program service expenses (Part III)
$4,318,522

Program services were 95.7% 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.

  • 1c · Fundraising events

    $84,475

  • 1f · All other contributions, gifts and grants

    $4,480,157

  • 1g · Noncash contributions included above

    $478,686

  • 3 · Investment income

    total $811,667 · excluded $811,667

  • 7a · Gross sales of assets other than inventory

    securities $2,418,848

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

    securities $2,504,978

  • 7c · Gain or loss

    securities -$86,130

  • 7d · Net gain or loss

    total -$86,130 · excluded -$86,130

  • 8a · Fundraising events: gross income

    $104,426

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

    $84,475

  • 8b · Fundraising events: direct expenses

    $75,689

  • 8c · Net income from fundraising events

    total $28,737 · excluded $28,737

  • 9a · Gaming: gross income

    $7,325

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $7,325 · excluded $7,325

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,318,522 · program services $4,318,522

  • 11f · Fees: investment management

    total $60,371 · management and general $60,371

  • 24a · Other expenses: DIRECT EVENT EXPENSES

    total $108,399 · program services $0 · management and general $0 · fundraising $108,399

  • 24b · Other expenses: IN-KIND MATERIALS AND E

    total $21,198 · program services $0 · management and general $21,198 · fundraising $0

  • 24c · Other expenses: OTHER EXPENSES

    total $4,858 · program services $0 · management and general $4,858 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,279,585 · end of year $3,917,611

  • 2 · Savings and temporary cash investments

    beginning of year $3,956,654 · end of year $1,620,606

  • 3 · Pledges and grants receivable

    beginning of year $754,376 · end of year $1,840,996

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $6,834

  • 11 · Investments: publicly traded securities

    beginning of year $14,116,482 · end of year $18,513,030

  • 12 · Investments: other securities

    beginning of year $3,838,364 · end of year $4,337,233

  • 15 · Other assets

    beginning of year $1,439,847 · end of year $1,514,992

  • 19 · Deferred revenue

    beginning of year $93,350 · end of year $44,750

  • 27 · Net assets without donor restrictions

    beginning of year $5,284,848 · end of year $5,298,502

  • 28 · Net assets with donor restrictions

    beginning of year $24,007,110 · end of year $26,408,050

Mission and programs · 2023

Mission

TO IMPROVE THE HEALTH AND LIVES OF COMMUNITY MEMBERS BY PROVIDING CHARITABLE SUPPORT TO PEACEHEALTH SACRED HEART MEDICAL CENTER SO THAT COMPASSIONATE, AFFORDABLE AND HIGH QUALITY MEDICAL CARE MAY BE OFFERED TO ALL IN THIS REGION.

Activities or mission (Part I)

TO IMPROVE THE HEALTH & LIVES OF COMMUNITY MEMBERS BY RAISING FUNDS & PROVIDING CHARITABLE SUPPORT.

  • TRANSFERS TO PEACEHEALTH SACRED HEART MEDICAL CENTER AND UNIVERSITY DISTRICT TO SUPPORT THEIR PROGRAM SERVICES.

    Expenses $4,318,522 · Grants $4,318,522

As filed on the 2023 return.

Listed in Part VII

  • Ronald F Neumann

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Ryan Lee

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Shanna Hutton

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Erik C Parrish

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Arlene D Butchko

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Courtney Griesel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Doug T Leonard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James McGovern

    DIRECTOR, CDO PEACEHEALTH OR

    Total calculated
    $532,727
    From this org
    $0
    From related orgs
    $478,338
    Other
    $54,389
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $444,600 related
    Bonus
    $0
    Other
    $0 + $33,738 related
    Deferred
    $0 + $29,725 related
    Nontaxable benefits
    $0 + $24,664 related
    Filer's total
    $0 + $532,727 related

  • Andrew Stiltner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeffry Elder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer C Pape

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michelle Meador

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michelle M Cross

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kevin Modeste

    DIRECTOR

    Total calculated
    $190,835
    From this org
    $0
    From related orgs
    $189,381
    Other
    $1,454
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $148,871 related
    Bonus
    $0 + $40,000 related
    Other
    $0 + $510 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $1,454 related
    Filer's total
    $0 + $190,835 related

  • Matthew Sayre

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tina Guldberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Thomas W Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Scott H Goldstein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Svihus

    DIRECTOR

    Total calculated
    $303,459
    From this org
    $0
    From related orgs
    $280,494
    Other
    $22,965
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $263,955 related
    Bonus
    $0 + $10,000 related
    Other
    $0 + $6,539 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $22,965 related
    Filer's total
    $0 + $303,459 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

  • 1a · First-class or charter travel
  • 1a · Travel for companions
  • 1a · Tax indemnification and gross-up payments
  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 4b · Supplemental nonqualified retirement plan

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

The filer's explanations (Part III)

PART I, LINE 1A
PEACEHEALTH (A RELATED ORGANIZATION) HAS POLICES REGARDING THE ELIGIBILITY OF EXECUTIVES FOR THESE ITEMS. FOR EXAMPLE TRAVEL FOR COMPANIONS AND HOUSING ALLOWANCES ARE RELATED TO RELOCATION BENEFITS OR FIRST CLASS TRAVEL FOR FLIGHTS EXCEEDING SIX HOURS IN DURATION. THESE BENEFITS WERE REPORTED AND TREATED AS TAXABLE.
PART I, LINE 3
THE ORGANIZATION DOES NOT HAVE ANY PAID EMPLOYEES. EMPLOYEES ARE COMPENSATED BY PEACEHEALTH (A RELATED ORGANIZATION) WHICH USES A MARKET BASED COMPENSATION PROGRAM UTILIZING SEVERAL INDEPENDENT THIRD PARTY COMPENSATION MARKET SURVEYS TO ESTABLISH PAY RANGES FOR THE POSITION. PEACEHEALTH THEN ESTABLISHES THE INDIVIDUAL RATE OF PAY WITHIN THE PAY RANGE BASED ON RELEVANT EXPERIENCE/SKILLS/COMPETENCE TO DO THE JOB. THE RANGES OF PAY RATES ARE REVIEWED ON AN ANNUAL BASIS.
PART I, LINE 4B
PEACEHEALTH (A RELATED ORGANIZATION) HAS POLICES REGARDING THE ELIGIBILITY OF EXECUTIVES FOR THESE ITEMS. BOARD MEMBERS LISTED ON SCHEDULE J ARE EMPLOYEES OF PEACEHEALTH (A RELATED ORGANIZATION) AND PEACEHEALTH'S CEO, EXECUTIVE VICE PRESIDENT, SENIOR VICE PRESIDENT, CERTAIN PHYSICIANS AND OTHER HIGHLY COMPENSATED EMPLOYEES ARE ELIGIBLE TO PARTICIPATE IN VARIOUS NONQUALIFIED RETIREMENT PLANS. CONTRIBUTIONS TO THESE PLANS AND RELATED INVESTMENT RETURNS ARE DISCLOSED ON SCHEDULE J AS DEFERRED COMPENSATION AND AS BONUS COMPENSATION WHEN PAID TO THE INDIVIDUAL.

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.

  • CHARITABLE REMAINDER UNITRUST (6)

    T · OR

Provenance

Return type
form_990
Tax year
2023
Filed
12 May 2025
IRS schema version
2023v6.0
Source object
202521339349303802

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