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← ASPIRUS STEVENS POINT HOSPITAL FOUNDATION INC

Form 990 for tax year 2022

Filed by ASPIRUS STEVENS POINT HOSPITAL FOUNDATION INC.

Totals

Total revenue
$176,222
Total expenses
$112,197
Contributions and grants received
$74,343
Grants paid
$91,293
Program service revenue
$0
Investment income
$101,879
Other revenue
$0
Total assets, end of year
$7,438,866
Total liabilities, end of year
$36,594
Net assets or fund balances, end of year
$7,402,272
Program services expenses (Part IX)
$108,348
Management and general expenses
$907
Fundraising expenses
$2,942
Program service expenses (Part III)
$108,348

Program services were 96.6% 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.

  • 1d · Related organizations

    $13,438

  • 1f · All other contributions, gifts and grants

    $60,905

  • 3 · Investment income

    total $217,108 · excluded $217,108

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

    securities $115,229

  • 7c · Gain or loss

    securities -$115,229

  • 7d · Net gain or loss

    total -$115,229 · excluded -$115,229

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $91,293 · program services $91,293

  • 7 · Other salaries and wages

    total $15,727 · program services $15,727

  • 9 · Other employee benefits

    total $503 · program services $503

  • 10 · Payroll taxes

    total $825 · program services $825

  • 11f · Fees: investment management

    total $747 · management and general $747

  • 13 · Office expenses

    total $160 · management and general $160

  • 24a · Other expenses: FUNDRAISING SUPPLIES

    total $2,942 · fundraising $2,942

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,678,065 · end of year $1,693,741

  • 4 · Accounts receivable

    beginning of year $0 · end of year $63

  • 11 · Investments: publicly traded securities

    beginning of year $5,095,752 · end of year $5,744,593

  • 15 · Other assets

    beginning of year $2,226 · end of year $469

  • 25 · Other liabilities

    beginning of year $3,084 · end of year $36,594

  • 27 · Net assets without donor restrictions

    beginning of year $14,057 · end of year $60,354

  • 28 · Net assets with donor restrictions

    beginning of year $6,758,902 · end of year $7,341,918

Mission and programs · 2022

Mission

WE HEAL PEOPLE, PROMOTE HEALTH, AND STRENGTHEN COMMUNITIES.

  • ASPIRUS STEVENS POINT FOUNDATION SERVES AS THE PHILANTHROPIC ARM OF THE TO FUND HEALTHCARE NEEDS WITHIN ASPIRUS STEVENS POINT HOSPITAL AND CLINICS. ON AN ANNUAL BASIS, THE FOUNDATION HOSTS FUNDRAISING EVENTS, INITIATES CAMPAIGNS AND DIRECT MAIL SOLICITATIONS, AND WORKS WITH LOCAL CORPORATE PARTNERS TO RAISE FUNDS. IN OUR EFFORTS TO SUPPORT INPATIENT AND OUTPATIENT CARE AT ASPIRUS STEVENS POINT, THE FOUNDATION IDENTIFIES FUNDRAISING PRIORITIES DESIGNED TO ENHANCE SERVICES LINE PROGRAMMING AND ADDRESS UNIQUE HEALTHCARE NEEDS OF PORTAGE COUNTY.

    Expenses $108,348 · Grants $91,293

As filed on the 2022 return.

Listed in Part VII

  • PAMELA J BEYER MD

    BOARD MEMBER (THRU 12/23)

    Total calculated
    $130,753
    From this org
    $0
    From related orgs
    $130,753
    Other
    $0
    Hours/week
    1 + 50 related

  • ERIK CARLSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOSEPH KINSELLA

    BOARD MEMBER (THRU 12/23)

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • LEAH C KNIGHTS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JEFF LUTGEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL MUNAGIAN MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KEITH PILGER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CHRISTOPHER W SWIECKI MD

    BOARD MEMBER (THRU 12/23)

    Total calculated
    $400,737
    From this org
    $0
    From related orgs
    $400,737
    Other
    $0
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $400,737 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $400,737 related

  • ROBERT SMITH

    (NV) PRES.-ASPIRUS SE (THRU 12/23)

    Total calculated
    $405,527
    From this org
    $0
    From related orgs
    $346,937
    Other
    $58,590
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $308,433 related
    Bonus
    $0 + $35,611 related
    Other
    $0 + $2,893 related
    Deferred
    $0 + $17,848 related
    Nontaxable benefits
    $0 + $40,742 related
    Filer's total
    $0 + $405,527 related

  • MATTHEW HEYWOOD

    PRESIDENT & CEO-ASPIRUS

    Total calculated
    $2,111,048
    From this org
    $0
    From related orgs
    $1,799,938
    Other
    $311,110
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,228,335 related
    Bonus
    $0 + $567,185 related
    Other
    $0 + $4,418 related
    Deferred
    $0 + $18,619 related
    Nontaxable benefits
    $0 + $292,491 related
    Filer's total
    $0 + $2,111,048 related

  • SIDNEY C SCZYGELSKI

    SENIOR VP OF FINANCE & CFO

    Total calculated
    $2,055,582
    From this org
    $0
    From related orgs
    $1,911,464
    Other
    $144,118
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $649,844 related
    Bonus
    $0 + $1,057,601 related
    Other
    $0 + $204,019 related
    Deferred
    $0 + $20,794 related
    Nontaxable benefits
    $0 + $123,324 related
    Filer's total
    $0 + $2,055,582 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

  • 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 3
A RELATED ORGANIZATION OF THE FILING ORGANIZATION, USES ONE OR MORE OF THE FOLLOWING TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - COMPENSATION SURVEY OR STUDY, AND - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE PLEASE REFER TO THE FORM 990, PART VI, LINE 15A DISCLOSURE IN SCHEDULE O FOR ADDITIONAL DETAILS ON HOW COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL IS ESTABLISHED.
PART I, LINE 4B
SCHEDULE J, PART I, LINE 4B - SUPPLEMENTAL NONQUALIFIED RETIREMENT 457(F) DISTRIBUTION: S. SCZYGELSKI $195,109 KEY EMPLOYEES OF THE ORGANIZATION OR A PARTICIPATING AFFILIATE ARE ELIGIBLE TO PARTICIPATE IN THE PLAN. THE PLAN YEAR IS JANUARY 1 TO DECEMBER 31ST. EMPLOYER CONTRIBUTIONS: THE CONTRIBUTION MADE BY THE EMPLOYER IS A THREE-TIERED STRUCTURE DEPENDING UPON THE EXECUTIVE'S POSITION, WHICH ARE AS FOLLOWS: 13% FOR SENIOR VICE PRESIDENT OR PRESIDENT, 15% FOR SVP & CHIEF FINANCIAL OFFICER, AND 20% FOR THE PRESIDENT & CHIEF EXECUTIVE OFFICER. IF A PARTICIPANT TERMINATES DURING THE YEAR, THE PARTICIPANT'S EXECUTIVE ALLOWANCE IS PRORATED BASED ON THE NUMBER OF FULL CALENDAR MONTHS FROM THE BEGINNING OF THE PLAN YEAR TO THE BEGINNING OF THE CALENDAR YEAR MONTH CLOSEST TO THE CHANGE OR TERMINATION OF EMPLOYMENT. DISTRIBUTIONS: CONTINUATION OF EMPLOYMENT THROUGH THE DEFERRED VESTING DATE; THE DATE ON WHICH THE PARTICIPANT'S EMPLOYMENT IS TERMINATED AS A RESULT OF DEATH OR DISABILITY; 24 MONTHS FROM THE DATE ON WHICH THE PARTICIPANT INCURS AN INVOLUNTARY SEPARATION FROM SERVICE WITHOUT REASONABLE CAUSE OR THE DATE THAT IS 24 MONTHS FOLLOWING THE PARTICIPANT'S SEPARATION FROM SERVICE, BUT ONLY IF THE PARTICIPANT'S INTEREST HAS NOT BEEN FORFEITED FOR COMPETITION DURING SUCH 24 MONTH PERIOD AND THE PARTICIPANT HAS NOT ENGAGED IN COMPETITION AFTER HIS OR HER SEPARATION FROM SERVICE AND PRIOR TO HIS OR HER DEATH, THE PARTICIPANT SHALL BE VESTED AT HIS OR HER DATE OF DEATH.

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202421369349305532

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