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Nonprofiteer
← FRANCISCAN FOUNDATION WASHINGTON

Form 990 for tax year 2022

Filed by FRANCISCAN FOUNDATION WASHINGTON.

Totals

Total revenue
$2,057,186
Total expenses
$1,331,923
Contributions and grants received
$1,429,214
Grants paid
$811,975
Program service revenue
$0
Investment income
$632,244
Other revenue
-$4,272
Total assets, end of year
$31,371,736
Total liabilities, end of year
$374,263
Net assets or fund balances, end of year
$30,997,473
Program services expenses (Part IX)
$811,975
Management and general expenses
$366,855
Fundraising expenses
$153,093
Program service expenses (Part III)
$811,975

Program services were 61.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • KETUL PATEL

    EX OFFICIO/CEO VMFH

    Total calculated
    $3,097,504
    From this org
    $0
    From related orgs
    $3,067,968
    Other
    $29,536
    Hours/week
    2 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,348,212 related
    Bonus
    $0 + $1,189,554 related
    Other
    $0 + $530,202 related
    Deferred
    $0 + $17,750 related
    Nontaxable benefits
    $0 + $11,786 related
    Filer's total
    $0 + $3,097,504 related

  • SHARON ROYNE

    FORMER INTERIM PRESIDENT

    Total calculated
    $514,596
    From this org
    $0
    From related orgs
    $475,674
    Other
    $38,922
    Hours/week
    0 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $423,804 related
    Bonus
    $0 + $46,326 related
    Other
    $0 + $5,544 related
    Deferred
    $0 + $17,718 related
    Nontaxable benefits
    $0 + $21,204 related
    Filer's total
    $0 + $514,596 related

  • JEANNE JACHIM

    VP/CHIEF PHILANTHROPY OFFICER/FOUNDATION PRESIDENT

    Total calculated
    $425,497
    From this org
    $0
    From related orgs
    $400,467
    Other
    $25,030
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $0 + $359,716 related
    Bonus
    $0 + $35,574 related
    Other
    $0 + $5,177 related
    Deferred
    $0 + $3,860 related
    Nontaxable benefits
    $0 + $21,170 related
    Filer's total
    $0 + $425,497 related

  • CAROLINE LEUNG

    CORPORATE TREASURER/ACCTG DIRECTOR FHS

    Total calculated
    $191,159
    From this org
    $0
    From related orgs
    $162,203
    Other
    $28,956
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $152,517 related
    Bonus
    $0 + $9,118 related
    Other
    $0 + $568 related
    Deferred
    $0 + $10,702 related
    Nontaxable benefits
    $0 + $18,254 related
    Filer's total
    $0 + $191,159 related

  • DEBBIE GORDON

    CORPORATE SECRETARY/EXECUTIVE ASSISTANT

    Total calculated
    $100,933
    From this org
    $0
    From related orgs
    $79,971
    Other
    $20,962
    Hours/week
    2 + 40 related

  • CLEMENCIA CASTRO-WOOLERY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ANGELA TRELEVEN

    CO-TREASURER

    Total calculated
    $0
    Hours/week
    2

  • LARRY BJORK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • LOUISE MENNELLA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • RICHARD BANGERT II

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JANE BUCKNER MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • GEDA CONDIT

    TRUSTEE (THRU 4/3/23)

    Total calculated
    $0
    Hours/week
    2

  • PHILIP CONDIT

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • JOHN CORMAN MD

    TRUSTEE (THRU 4/14/23)

    Total calculated
    $0
    Hours/week
    2

  • JOSHUA GREEN III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • PAMELA GREEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JEAN-FRANOIS HEITZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • KATERINA HUBKA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MARIKO KITA MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ROBERT LEMON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • RICHARD MARTINEZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MICHAEL MILLEGAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ROBERT MOSER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JOHN OPPENHEIMER

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • KRISTI PANGRAZIO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • GEORGE TREPERINAS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MINAKSHI KRISHNA VELAMOOR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ROBERT WALKER

    CO-TREASURER

    Total calculated
    $0
    Hours/week
    2

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
METHODS USED TO ESTABLISH CEO COMPENSATION - DURING THE CALENDAR YEAR 2022, COMPENSATION FOR THE TOP MANAGEMENT OFFICIAL WAS ESTABLISHED AND PAID BY FRANCISCAN HEALTH SYSTEM, A RELATED ORGANIZATION. FRANCISCAN HEALTH SYSTEM USED THE FOLLOWING TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION: (1) COMPENSATION COMMITTEE; (2) INDEPENDENT COMPENSATION CONSULTANT; (3) COMPENSATION SURVEY OR STUDY; (4) APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
PART I, LINE 4A
CERTAIN REPORTABLE INDIVIDUALS ARE COVERED BY AN EXECUTIVE SEVERANCE POLICY THAT PROVIDES MARKET-STANDARD COMPENSATION, RANGING FROM PAYMENTS OF 9 MONTHS TO 2 YEARS OF BASE COMPENSATION, DEPENDING ON THE EXECUTIVE'S POSITION, IN THE EVENT OF A POSITION ELIMINATION OR OTHER INVOLUNTARY TERMINATION, IN ACCORDANCE WITH THE GUIDELINES OF THE POLICY. CERTAIN REPORTABLE INDIVIDUALS ARE COVERED BY A NON-EXECUTIVE SEVERANCE POLICY THAT PROVIDES MARKET-STANDARD COMPENSATION, RANGING FROM PAYMENTS OF 2 WEEKS TO 52 WEEKS OF BASE COMPENSATION, DEPENDING ON THE EMPLOYEE'S POSITION AND TENURE, IN THE EVENT OF A POSITION ELIMINATION OR OTHER INVOLUNTARY TERMINATION, IN ACCORDANCE WITH THE GUIDELINES OF THE POLICY.
PART I, LINE 4B
DURING THE 2022 CALENDAR YEAR, COMMONSPIRIT HEALTH ("COMMONSPIRIT") MAINTAINED A SUPPLEMENTAL NON-QUALIFIED DEFERRED COMPENSATION PLAN FOR DIVISION CEOS/PRESIDENTS AND OTHER DESIGNATED COMMONSPIRIT EXECUTIVES AT THE LEVEL OF SENIOR VICE PRESIDENT AND ABOVE. DURING 2022 THE FOLLOWING DISTRIBUTIONS WERE MADE BY COMMONSPIRIT FROM THE DEFERRED COMPENSATION PLAN: KETUL J. PATEL, $303,924. DUE TO THE "SUPER" VESTING RULES UNDER COMMONSPIRIT'S DEFERRED COMPENSATION PLAN, PARTICIPANTS WHO HAVE MET CERTAIN REQUIREMENTS SUCH AS INVOLUNTARY TERMINATION WITHOUT CAUSE, AGE, AGE AND YEARS OF SERVICE, OR MORE THAN 5 YEARS OF PLAN PARTICIPATION ARE ELIGIBLE TO RECEIVE THEIR 2022 CONTRIBUTIONS IN CASH. THESE CASH PAYOUTS ARE INCLUDED IN THE PARTICIPANT'S REPORTABLE COMPENSATION IN COLUMN (III) OTHER REPORTABLE COMPENSATION ON SCHEDULE J PART II. DURING 2022, THE FOLLOWING PAYMENTS WERE MADE PURSUANT TO THE SUPER VESTING RULES: KETUL J. PATEL, $212,946.
SCHEDULE J, PART II
FRANCISCAN FOUNDATION FOLLOWS COMMONSPIRIT'S EXECUTIVE COMPENSATION PHILOSOPHY. COMMONSPIRIT'S EXECUTIVE COMPENSATION PHILOSOPHY IS DESIGNED TO ASSIST COMMONSPIRIT IN ATTRACTING AND RETAINING THE CALIBER OF EXECUTIVES REQUIRED TO ENABLE COMMONSPIRIT TO FULFILL ITS MISSION OF PROVIDING HIGH QUALITY HEALTHCARE FOR ALL PERSONS REGARDLESS OF THEIR ABILITY TO PAY FOR SERVICES, IMPROVING THE QUALITY OF LIFE IN THE COMMUNITIES COMMONSPIRIT SERVES, PROMOTING PATIENT AND EMPLOYEE SATISFACTION, AND ENSURING FINANCIAL STABILITY. A SUBSTANTIAL PORTION OF EXECUTIVE COMPENSATION IS PERFORMANCE BASED AND IS LINKED TO ORGANIZATIONAL GOALS APPROVED IN ADVANCE BY THE HUMAN RESOURCES AND COMPENSATION COMMITTEE. THESE GOALS INCLUDE ATTAINMENT OF ANNUAL AND LONG-TERM FINANCIAL PERFORMANCE, CERTAIN HEALTHCARE QUALITY STANDARDS AND COMMONSPIRIT'S COMMITMENT TO SERVING THE POOR AND DISENFRANCHISED IN THE COMMUNITIES IT SERVES. TOTAL COMPENSATION, WHICH INCLUDES BASE SALARY, ANNUAL, AND LONG-TERM INCENTIVE COMPENSATION, IS ESTABLISHED TO APPROXIMATE THE PREVAILING MARKET CONDITIONS FOR EXECUTIVES OF COMPANIES OF SIMILAR SIZE, REVENUES AND COMPLEXITY. PAYMENTS PURSUANT TO A LONG-TERM FINANCIAL PERFORMANCE GOAL WERE PAID IN CALENDAR YEAR 2022.

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
10 May 2024
IRS schema version
2022v5.0
Source object
202411319349300231

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