Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $518

• 1c · Fundraising events

  $582,221

• 1d · Related organizations

  $10,588

• 1e · Government grants (contributions)

  $3,172,104

• 1f · All other contributions, gifts and grants

  $19,841,221

• 1g · Noncash contributions included above

  $2,668,698

• 2a · Program service revenue: FUNDRAISING ACTIVITY REIMBURSEMENT

  total $6,199,054 · related or exempt $6,199,054

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $2,238,631 · excluded $2,238,631

• 6a · Gross rents

  real property $32,548

• 6b · Less rental expenses

  real property $12,658

• 6c · Rental income or loss

  real property $19,890 · personal property $0

• 6d · Net rental income or loss

  total $19,890 · excluded $19,890

• 7a · Gross sales of assets other than inventory

  securities $11,723,653 · other assets $543

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

  securities $11,088,954 · other assets $1,225

• 7c · Gain or loss

  securities $634,699 · other assets -$682

• 7d · Net gain or loss

  total $634,017 · excluded $634,017

• 8a · Fundraising events: gross income

  $293,272

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

  $582,221

• 8b · Fundraising events: direct expenses

  $271,103

• 8c · Net income from fundraising events

  total $22,169 · excluded $22,169

• 9a · Gaming: gross income

  $19,375

• 9b · Gaming: direct expenses

  $5,369

• 9c · Net income from gaming

  total $14,006 · excluded $14,006

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $22,286,327 · program services $22,286,327

• 5 · Compensation of officers, directors and key employees

  total $1,758,436 · program services $87,922 · management and general $703,374 · fundraising $967,140

• 7 · Other salaries and wages

  total $2,542,144 · program services $127,107 · management and general $1,016,858 · fundraising $1,398,179

• 8 · Pension plan contributions

  total $125,824 · program services $6,291 · management and general $50,329 · fundraising $69,204

• 9 · Other employee benefits

  total $611,785 · program services $30,589 · management and general $244,714 · fundraising $336,482

• 10 · Payroll taxes

  total $260,766 · program services $13,038 · management and general $104,306 · fundraising $143,422

• 11a · Fees: management

  total $124,655 · program services $6,233 · management and general $49,862 · fundraising $68,560

• 11c · Fees: accounting

  total $4,207 · management and general $4,207

• 11d · Fees: lobbying

  total $440 · program services $22 · management and general $176 · fundraising $242

• 11f · Fees: investment management

  total $115,294 · management and general $115,294

• 11g · Fees: other

  total $157,763 · program services $7,888 · management and general $63,105 · fundraising $86,770

• 12 · Advertising and promotion

  total $6,024 · program services $301 · management and general $2,410 · fundraising $3,313

• 13 · Office expenses

  total $159,516 · program services $7,976 · management and general $63,806 · fundraising $87,734

• 14 · Information technology

  total $155,340 · program services $7,767 · management and general $62,136 · fundraising $85,437

• 17 · Travel

  total $21,415 · program services $1,071 · management and general $8,566 · fundraising $11,778

• 19 · Conferences, conventions and meetings

  total $17,130 · program services $857 · management and general $6,852 · fundraising $9,421

• 22 · Depreciation, depletion and amortization

  total $173,821 · program services $8,691 · management and general $69,529 · fundraising $95,601

• 24a · Other expenses: Dues, Food, & Other

  total $372,688 · program services $18,634 · management and general $149,075 · fundraising $204,979

• 24e · All other expenses

  total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $956,936 · end of year $1,206,507

• 3 · Pledges and grants receivable

  beginning of year $15,488,996 · end of year $20,524,525

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $42,362 · end of year $45,691

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

  $247,292

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

  $75,769

• 10c · Land, buildings and equipment, net

  beginning of year $174,577 · end of year $171,523

• 11 · Investments: publicly traded securities

  beginning of year $67,094,063 · end of year $80,653,537

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $55,293,200 · end of year $86,287,069

• 17 · Accounts payable and accrued expenses

  beginning of year $397,013 · end of year $594,769

• 19 · Deferred revenue

  beginning of year $298,373 · end of year $353,490

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $31,791,657 · end of year $65,108,154

• 27 · Net assets without donor restrictions

  beginning of year $10,135,796 · end of year $18,038,198

• 28 · Net assets with donor restrictions

  beginning of year $96,427,295 · end of year $104,794,241

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Health or social club dues or initiation fees

THE ORGANIZATION PAYS UNIVERSITY CLUB DUES FOR WILLIAM S. LITTLEJOHN, SVP/CEO FOUNDATIONS, FOR BUSINESS PURPOSES, AND THEREFORE, THE AMOUNT WAS NOT REPORTED AS TAXABLE COMPENSATION.

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan

SHARP HEALTHCARE ("COMPANY") SPONSORS AN EXECUTIVE FLEXIBLE BENEFIT PLAN ("PLAN") TO PROVIDE DESIGNATED EXECUTIVES WITH A REASONABLE LEVEL OF BENEFITS IN RETURN FOR THEIR CONTINUED EMPLOYMENT WITH THE COMPANY. THE PLAN IS ADMINISTERED ON A PLAN YEAR BASIS OF JANUARY 1 TO DECEMBER 31. CHANGES IN FLEXIBLE BENEFIT OPTIONS ARE PERMITTED ANNUALLY, EFFECTIVE JANUARY 1 OF THE NEW PLAN YEAR. THE PROVISIONS OF THE PLAN, WHICH WERE RESTATED EFFECTIVE AS OF DECEMBER 31, 2008, ARE DESCRIBED BELOW AS RESTATED. THE PLAN IS AVAILABLE TO THE CHIEF EXECUTIVE OFFICER, EXECUTIVE VICE PRESIDENT OF HOSPITAL OPERATIONS, AND SENIOR VICE PRESIDENTS. THE FLEXIBLE BENEFIT ALLOWANCE AVAILABLE TO EACH PARTICIPANT EACH PLAN YEAR SHALL EQUAL THE SUM OF THE FOLLOWING: - A COMPANY PROVIDED BASE ALLOWANCE EQUAL TO 18% OF THE PARTICIPANT'S BASE SALARY - A PARTICIPANT DEFERRAL UP TO 6% OF THE PARTICIPANT'S PRE-TAX BASE SALARY FOR SUCH PLAN YEAR AS ELECTED BY THE PARTICIPANT - A COMPANY MATCH SHOULD THE PARTICIPANT MAKE AN ELECTIVE DEFERRAL FOR A PLAN YEAR. THE COMPANY MATCH BEGINS AT 2% FOR THE FIRST 1% ELECTIVE DEFERRAL AND INCREASES 0.5% FOR EACH ADDITIONAL 1% ELECTIVE DEFERRAL, TO A MAXIMUM MATCH OF 4.5% ON A 6% ELECTIVE DEFERRAL. THE PLAN ALLOWS PARTICIPANTS TO USE THE FLEXIBLE BENEFIT ALLOWANCE TO PURCHASE ADDITIONAL LONG-TERM DISABILITY COVERAGE, LONG-TERM CARE COVERAGE, AND FLEXIBLE SURVIVOR COVERAGE/ACCUMULATION BENEFITS (LIFE INSURANCE). PARTICIPANTS IN THE FLEXIBLE SURVIVOR COVERAGE/ACCUMULATION BENEFITS PLAN PREVIOUSLY COULD ELECT TO APPLY FLEXIBLE BENEFIT ALLOWANCE TO ACQUIRE ADDITIONAL SURVIVOR COVERAGE, OR TOWARD DEPOSITS TO THE SUPPLEMENTALSURVIVOR ACCUMULATION BENEFIT PLAN ("SSAB") TO FUND POST-RETIREMENT SURVIVOR BENEFITS, SUBJECT TO THE ERISA LIMIT PROVIDED THEIR POLICIES WERE ISSUED PRIOR TO SEPTEMBER 18, 2003. THE COMPANY SHALL AUTOMATICALLY CONTINUE WHATEVER ELECTIVE COVERAGE AND ADDITIONAL DEPOSIT ELECTIONS THAT WERE IN PLACE FOR THE SSAB DURING THE 2008 PLAN YEAR. NO ELECTIVE COVERAGE OR ADDITIONAL DEPOSITS WERE AVAILABLE TO PARTICIPANTS WHOSE POLICIES WERE ISSUED ON OR AFTER SEPTEMBER 18, 2003. ANY FLEXIBLE BENEFIT ALLOWANCE THAT REMAINS AFTER PURCHASING THESE ADDITIONAL COVERAGES SHALL BE PAID TO THE PARTICIPANT IN CASH IN EQUAL INSTALLMENTS THROUGHOUT THE PLAN YEAR, NOT LESS FREQUENTLY THAN QUARTERLY. IF THE PARTICIPANT SEPARATES FROM SERVICE DURING THE PLAN YEAR, THE PARTICIPANT FORFEITS ANY UNPAID ALLOWANCE. DURING THE YEAR ENDED DECEMBER 31, 2023, NO PARTICIPANTS RECEIVED DISTRIBUTIONS FROM THE PLAN.

Schedule J, Part I, Line 3 SCH J, PART I, LINE 3

THE COMPENSATION COMMITTEE OF SHARP HEALTHCARE, THE PARENT ORGANIZATION, ESTABLISHES THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER. THE COMPENSATION COMMITTEE ENGAGES INDEPENDENT COMPENSATION CONSULTANTS AND THE AMOUNT IS APPROVED BY BOTH THE COMPENSATION COMMITTEE AND BOARD OF DIRECTORS.

Related partnerships

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

• SHARP HEALTHCARE ACO-II LLC

  N/A · OFFICES OF PHYSICIANS · CA

  Directly controlled by NA

• SHARP FREESTANDING SURGERY LLC

  N/A · FREESTANDING AMBULATORY SURGERY · CA

  Directly controlled by NA

Related corporations and trusts

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

• CONTINUOUS QUALITY INSURANCE SPC

  C Corporation · CAPTIVE INSURANCE COMPANY · CJ

  Directly controlled by NA

• CHARITABLE REMAINDER TRUST (17)

  Trust · PROGRAM SUPPORT · CA

  Directly controlled by NA