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← ROCKY MOUNTAIN ADVENTIST HEALTHCARE FOUNDATION

Form 990 for tax year 2023

Filed by ROCKY MOUNTAIN ADVENTIST HEALTHCARE FOUNDATION.

Totals

Total revenue
$7,726,464
Total expenses
$7,323,928
Contributions and grants received
$171,991
Grants paid
$6,942,957
Program service revenue
$6,906,564
Investment income
$660,939
Other revenue
-$13,030
Total assets, end of year
$35,945,460
Total liabilities, end of year
$8,351,270
Net assets or fund balances, end of year
$27,594,190
Program services expenses (Part IX)
$6,942,957
Management and general expenses
$209,849
Fundraising expenses
$171,122
Program service expenses (Part III)
$6,942,957

Program services were 94.8% 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

    $171,450

  • 1d · Related organizations

    $541

  • 2a · Program service revenue: Satisfaction of Progra

    total $6,906,564 · related or exempt $6,906,564

  • 3 · Investment income

    total $660,939 · excluded $660,939

  • 8a · Fundraising events: gross income

    $76,950

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

    $171,450

  • 8b · Fundraising events: direct expenses

    $89,980

  • 8c · Net income from fundraising events

    total -$13,030 · excluded -$13,030

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,854,905 · program services $4,854,905

  • 2 · Grants to domestic individuals

    total $321,836 · program services $321,836

  • 3 · Grants to foreign organizations and individuals

    total $1,766,216 · program services $1,766,216

  • 11c · Fees: accounting

    total $30,650 · management and general $30,650

  • 11e · Fees: professional fundraising services

    total $65,860 · fundraising $65,860

  • 11g · Fees: other

    total $117,749 · management and general $86,049 · fundraising $31,700

  • 12 · Advertising and promotion

    total $41 · fundraising $41

  • 13 · Office expenses

    total $38,166 · management and general $8,712 · fundraising $29,454

  • 14 · Information technology

    total $35,108 · management and general $35,108

  • 17 · Travel

    total $18,071 · management and general $5,637 · fundraising $12,434

  • 19 · Conferences, conventions and meetings

    total $16,469 · management and general $13,640 · fundraising $2,829

  • 24a · Other expenses: Food Costs

    total $15,184 · management and general $6,578 · fundraising $8,606

  • 24b · Other expenses: Gifts

    total $12,814 · management and general $11,241 · fundraising $1,573

  • 24c · Other expenses: Dues & Subscriptions

    total $12,254 · management and general $9,339 · fundraising $2,915

  • 24d · Other expenses: Entertainment

    total $9,650 · management and general $0 · fundraising $9,650

  • 24e · All other expenses

    total $8,955 · management and general $2,895 · fundraising $6,060

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $5,089,080 · end of year $7,303,068

  • 3 · Pledges and grants receivable

    beginning of year $2,079,780 · end of year $1,638,752

  • 4 · Accounts receivable

    beginning of year $215,580 · end of year $228,354

  • 9 · Prepaid expenses and deferred charges

    beginning of year $43,590

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

    $321,700

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

    $321,700

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $25,170,450 · end of year $26,644,789

  • 15 · Other assets

    beginning of year $774,710 · end of year $130,497

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,887,800 · end of year $8,351,270

  • 25 · Other liabilities

    beginning of year $1,132,190 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $4,886,086 · end of year $12,064,086

  • 28 · Net assets with donor restrictions

    beginning of year $24,467,114 · end of year $15,530,104

Mission and programs · 2023

Mission

We extend the healing ministry of Christ by caring for those who are ill and by nurturing the health of the people in our communitities.

Activities or mission (Part I)

Fund Raising for Affiliated Tax-Exempt Hospital Organization

  • The primary exempt purpose of Rocky Mountain Adventist Healthcare Foundation (the Foundation) is to conduct fund raising on behalf of Portercare Adventist Health System (PAHS), an IRC Section 501(c)(3) organization that operates five acute care hospitals. Support is provided through AdventHealth Avista Foundation, AdventHealth Castle Rock Foundation, AdventHealth Littleton Foundation, AdventHealth Parker Foundation, AdventHealth Porter Foundation, AdventHealth Hospice Porter Foundation, AdventHealth Global Health Initiatives, and Operation Walk Denver.

    Expenses $6,942,957 · Grants $6,942,957 · Revenue $6,906,564

As filed on the 2023 return.

Listed in Part VII

  • Dodds Rick

    Trustee

    Total calculated
    $225,147
    From this org
    $0
    From related orgs
    $183,468
    Other
    $41,679
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $180,980 related
    Bonus
    $0
    Other
    $0 + $2,488 related
    Deferred
    $0 + $25,260 related
    Nontaxable benefits
    $0 + $16,419 related
    Filer's total
    $0 + $225,147 related

  • Enderson Dan

    Trustee

    Total calculated
    $404,834
    From this org
    $0
    From related orgs
    $328,816
    Other
    $76,018
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $323,300 related
    Bonus
    $0
    Other
    $0 + $5,516 related
    Deferred
    $0 + $56,180 related
    Nontaxable benefits
    $0 + $19,838 related
    Filer's total
    $0 + $404,834 related

  • Folkenberg Todd

    Trustee

    Total calculated
    $245,918
    From this org
    $0
    From related orgs
    $195,665
    Other
    $50,253
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $192,795 related
    Bonus
    $0
    Other
    $0 + $2,870 related
    Deferred
    $0 + $27,260 related
    Nontaxable benefits
    $0 + $22,993 related
    Filer's total
    $0 + $245,918 related

  • Goebel Michael

    Trustee

    Total calculated
    $249,236
    From this org
    $0
    From related orgs
    $227,096
    Other
    $22,140
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $193,164 related
    Bonus
    $0
    Other
    $0 + $33,932 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $22,140 related
    Filer's total
    $0 + $249,236 related

  • Pittman Jeremy

    Trustee/Vice Chair/Treasurer

    Total calculated
    $182,891
    From this org
    $0
    From related orgs
    $140,194
    Other
    $42,697
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $139,153 related
    Bonus
    $0
    Other
    $0 + $1,041 related
    Deferred
    $0 + $20,322 related
    Nontaxable benefits
    $0 + $22,375 related
    Filer's total
    $0 + $182,891 related

  • Shadle Eric

    Trustee

    Total calculated
    $115,199
    From this org
    $0
    From related orgs
    $107,928
    Other
    $7,271
    Hours/week
    1 + 50 related

  • Spenst Brett

    Trustee/Regional Pres-CEO (beg 8/23)

    Total calculated
    $992,607
    From this org
    $0
    From related orgs
    $956,760
    Other
    $35,847
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $583,228 related
    Bonus
    $0
    Other
    $0 + $373,532 related
    Deferred
    $0 + $11,127 related
    Nontaxable benefits
    $0 + $24,720 related
    Filer's total
    $0 + $992,607 related

  • Pottle Deanna Gayle

    President/Foundation Director

    Total calculated
    $224,573
    From this org
    $138,565
    From related orgs
    $56,694
    Other
    $29,314
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $108,290 + $55,276 related
    Bonus
    $30,000
    Other
    $275 + $1,418 related
    Deferred
    $4,956 + $3,487 related
    Nontaxable benefits
    $9,635 + $11,236 related
    Filer's total
    $153,156 + $71,417 related

  • Bashaw Bill

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Ellis Rick

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Finch Ken

    Trustee (end 12/23)

    Total calculated
    $306,000
    From this org
    $0
    From related orgs
    $306,000
    Other
    $0
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $306,000 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $306,000 related

  • Littler Mary Ann

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Brokaw Michelle

    Chairman

    Total calculated
    $0
    Hours/week
    3

  • Blair Marcy

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Sendros Isaac

    Former Officer

    Total calculated
    $610,227
    From this org
    $0
    From related orgs
    $516,751
    Other
    $93,476
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $340,502 related
    Bonus
    $0
    Other
    $0 + $176,249 related
    Deferred
    $0 + $67,027 related
    Nontaxable benefits
    $0 + $26,449 related
    Filer's total
    $0 + $610,227 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
The individual who serves as the President of the filing organization is compensated by a subsidiary of Adventist Health System Sunbelt Healthcare Corporation (AHSSHC), the top-tier parent of the filing organization. Compensation and benefits provided to this individual are determined by AHSSHC based on external compensation surveys and local comparable compensation data.
Part I, Line 4b
Executives serving on the filing organization's Board of Directors were compensated by Adventist Health System Sunbelt Healthcare Corporation during the period from August 1 to December 31, 2023. Compensation paid by Adventist Health System Sunbelt Healthcare Corporation (AHSSHC or AdventHealth): Board members of the filing organization, R. Dodds, D. Enderson, T. Folkenberg, M. Goebel, J. Pittman, I. Sendros, and E. Shadle, were compensated by and on the payroll of AHSSSHC during the period of August 1 to December 31, 2023. AHSSHC is the parent organization of a healthcare system known as AdventHealth and is the top-tier sole member of the filing organization. Board member B. Spenst was also compensated by AHSSHC for all of calendar 2023. AdventHealth is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code. In recognition of the contribution that each executive makes to the success of AdventHealth, AdventHealth provides supplemental executive retirement benefit plans to eligible executives. As the supplemental executive retirement benefit plans were updated in 2020 and certain individuals still participate as grand-fathered participants in certain plans, the narrative below discusses all plans in which there were any participants in 2023. The SERP III plan effectively replaces the prior SERP II plan, the Executive Flex Benefit Program Plan, and the Senior Executive Death Benefit Plan for qualified executives except for certain grandfathered executive employees. SERP III Plan: The SERP III plan provides eligible executives a percentage of their base pay, which is credited to a deferred compensation account. The plan also provides for compensation deferral and selection of life insurance coverage and long-term care insurance. To be eligible to participate in the SERP III plan, executives must be on the AHSSHC corporate payroll and be either a CEO of an AdventHealth entity, an AHSSHC Vice President (VP) or VP of an AdventHealth entity with a base salary of at least $330,000 in 2023 (adjusted annually by the same percentage as IRC Section 401(a)(17) limit increases), or other leader specifically approved by the AdventHealth President. Eligible executives do not include grandfathered executives, meaning those executives who would satisfy all the eligibility requirements of the SERP II plan prior to Dec 31, 2027, had the plan not been amended and restated as of Jan. 1, 2020. Contribution credits will be established and maintained by class year accounts for each participant using tiered contribution credit percentages of annual base compensation. Contribution credit percentages range between 15% and 19% of base compensation. SERP III provides for a class year vesting and payment schedule (7 years for each class year) with respect to amounts accumulated in the executive's deferred compensation account. Upon attainment of a normal retirement age (age 62), or upon certain other circumstances as defined in the SERP III plan document, all deferred amounts are paid immediately to the participant. For any executives working beyond the normal retirement age, future employer contributions will be made quarterly from SERP III directly to the participant as a taxable cash bonus. SERP III SERP III Contr. Distr.* Rick Dodds $ 25,260 $ 0 Dan Enderson $ 56,180 $ 0 Todd Folkenberg $ 27,260 $ 0 Michael Goebel $ 26,792 $ 26,792 Jeremy Pittman $ 20,322 $ 0 Isaac Sendros $ 49,615 $ 0 Brett Spenst $105,231 $105,231 * Including Investment Earnings
PART VII, SECTION A, LINE 5
The President of the filing organization, Deanna Gayle Pottle, was compensated by Centura Health Corporation (CHC), an unrelated organization, for the month of July, 2023 for services rendered to the filing organization. Prior to July 31, 2023, CHC was related to Portercare Adventist Health System (PAHS). The filing organization is the philanthropic and fund-raising organization that operates in support of PAHS. The compensation paid to the President by CHC for July, 2023 is disclosed on Part VII, Section A in columns D and F, and on Schedule J on row (i).

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.

  • AdventHealth Surgery Center Daytona Beach LLC

    Surgery Center · FL

  • AdventHealth Surgery Center Innovation Tower LLC

    Surgery Center · FL

  • Fletcher Hospital Surgical Ventures LLC

    Indirect Interest in Surgery Center · NC

  • Florida Hospital DMERT LLC

    Medical Equipment · FL · general or managing partner

  • Florida Hospital Home Infusion LLP

    Home Infusion Services · FL · general or managing partner

  • Functional Neurosurgical Ambulatory Surgery Ctr LLC

    Surgery Center · CO

  • M&O Orlando MOB I LLC

    Operation of Medical Office Building · DE

  • OnPoint OBGYN LLC

    Healthcare Services · CO

  • Orange City Surgical LLC

    Surgery Center · FL

  • PAHS OnPoint Imaging LLC

    Imaging Center · CO

  • PAHS OnPoint Urgent Care LLC

    Urgent Care Center · CO

  • Surgery Center of Rome LP

    Surgery Center · GA

  • SCA - Alliance LLC

    Indirect Interest in Surgery Center · DE

  • SCA-Central Florida LLC

    Indirect Interest in Surgery Center · DE

  • The Bariatric Center of Kansas City LLC

    Surgery Center · KS

  • Urgent Care Centers of Brevard County LLC

    Urgent Care Centers · FL · general or managing partner

Related corporations and trusts

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

  • AdventHealth at Overland Park-College MOB Condominium Assoc

    C · Condo Association · KS · controlled entity

  • AdventHealth City Center North Owners' Assoc Inc (65-123123)

    C · Maintenance Association · KS · controlled entity

  • AdventHealth Primary Care Inc fka AH North Polk Inc

    C · Inactive · FL · controlled entity

  • AdventHealth Value Based Bundle Management LLC

    C · Medical Contracting and Billing · FL · controlled entity

  • Altamonte Medical Plaza Condominium Association Inc

    C · Condo Association · FL · controlled entity

  • Apopka Medical Plaza Condominium Assoc Inc (11-123123)

    C · Condo Association · FL · controlled entity

  • Battle Creek Adventist Hospital

    C · Inactive · MI · controlled entity

  • Florida Hospital Flagler Medical Offices Association Inc

    C · Condo Association · FL · controlled entity

  • Florida Hosp Hlth Village Property Owner's Assoc Inc

    C · Condo Association · FL · controlled entity

  • Florida Hospital Healthcare System Inc

    C · PHSO / CIN · FL · controlled entity

  • Florida Medical Plaza Condominium Association Inc

    C · Condo Association · FL · controlled entity

  • Kissimmee Multispecialty Clinic Condominium Association Inc

    C · Condo Association · FL · controlled entity

  • Midwest Management Services Inc

    C · Inactive · KS · controlled entity

  • North American Health Services Inc & Sub

    C · Holding Co. · TN · controlled entity

  • Ormond Prof Associates Condo Assoc Inc (430 year end)

    C · Condo Association · FL · controlled entity

  • Park Ridge Property Owner's Association Inc

    C · Condo Association · NC · controlled entity

  • Park Ridge Condominium #1 Unit Owners Association Inc

    C · Condo Association · NC · controlled entity

  • Redmond Park Health Services Inc

    C · Holding Company · GA · controlled entity

  • Surgicare of Rome Inc

    C · Holding Company · GA · controlled entity

  • The Garden Retirement Community Inc

    C · Real Estate Rental · FL · controlled entity

  • Winter Park Medical Office Building I Condo Assoc Inc

    C · Condo Association · FL · controlled entity

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202433209349303038

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