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← ASCENSION VIA CHRISTI PROPERTY SERVICES INC

Form 990 for tax year 2022

Filed by ASCENSION VIA CHRISTI PROPERTY SERVICES INC.

Totals

Total revenue
$5,671,838
Total expenses
$6,229,381
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$5,447,721
Investment income
$199,443
Other revenue
$24,674
Total assets, end of year
$42,833,494
Total liabilities, end of year
$792,791
Net assets or fund balances, end of year
$42,040,703
Program services expenses (Part IX)
$3,827,902
Management and general expenses
$2,401,479
Fundraising expenses
$0
Program service expenses (Part III)
$3,827,902

Program services were 61.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MICHAEL MCCULLOUGH

    PRESIDENT/CFO, MINISTRY MARKET (END 3/2023)

    Total calculated
    $705,557
    From this org
    $0
    From related orgs
    $670,046
    Other
    $35,511
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $398,339 related
    Bonus
    $0 + $214,389 related
    Other
    $0 + $57,318 related
    Deferred
    $0 + $11,015 related
    Nontaxable benefits
    $0 + $24,496 related
    Filer's total
    $0 + $705,557 related

  • CLAUDIO J FERRARO

    DIRECTOR

    Total calculated
    $518,883
    From this org
    $0
    From related orgs
    $468,718
    Other
    $50,165
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $329,140 related
    Bonus
    $0 + $100,491 related
    Other
    $0 + $39,087 related
    Deferred
    $0 + $19,825 related
    Nontaxable benefits
    $0 + $30,340 related
    Filer's total
    $0 + $518,883 related

  • ELYSSA CARTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MIKE D JOY

    PRESIDENT/INTERIM CFO, MINISTRY MARKET (START 3/2023)

    Total calculated
    $299,376
    From this org
    $0
    From related orgs
    $263,240
    Other
    $36,136
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $199,117 related
    Bonus
    $0 + $61,200 related
    Other
    $0 + $2,923 related
    Deferred
    $0 + $15,707 related
    Nontaxable benefits
    $0 + $20,429 related
    Filer's total
    $0 + $299,376 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)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
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.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
ELIGIBLE EXECUTIVES PARTICIPATE IN A PROGRAM THAT PROVIDES FOR SUPPLEMENTAL RETIREMENT BENEFITS. THE PAYMENT OF BENEFITS UNDER THE PROGRAM, IF ANY, IS ENTIRELY DEPENDENT UPON THE FACTS AND CIRCUMSTANCES UNDER WHICH THE EXECUTIVE TERMINATES EMPLOYMENT WITH THE ORGANIZATION. BENEFITS UNDER THE PROGRAM ARE UNFUNDED AND NON-VESTED. DUE TO THE SUBSTANTIAL RISK OF FORFEITURE PROVISION, THERE IS NO GUARANTEE THAT THESE EXECUTIVES WILL EVER RECEIVE ANY BENEFIT UNDER THE PROGRAM. ANY AMOUNT ULTIMATELY PAID UNDER THE PROGRAM TO THE EXECUTIVE IS REPORTED AS COMPENSATION ON FORM 990, SCHEDULE J, PART II, COLUMN B IN THE YEAR PAID. NO INDIVIDUALS RECEIVED CURRENT YEAR DISTRIBUTIONS.

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

No itemized grants to organizations 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
10 May 2024
IRS schema version
2022v5.0
Source object
202431319349300613

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